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Baselode Discovers New Zone of Radioactivity Six Kilometres Northeast of ACKIO
Intersected over 30 metres of continuous radioactivity within a massive hydrothermal alteration s...
About this update from Geiger Energy Corporation
[{"type":"text","content":"\nBaselode Discovers New Zone of Radioactivity Six Kilometres Northeast of ACKIOIntersected over 30 metres of continuous radioactivity within a massive hydrothermal alteration systemNew zone discovered on the second drill hole of Hook's regional exploration program, 6 km from ACKIO discovery Demonstrates the fertility of the uranium corridor along Baselode's Hook ProjectToronto, Ontario--(Newsfile Corp. - July 17, 2024) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (\"Baselode\" or the \"Company\") is pleased to announce the discovery of a new uranium prospect on the Hook project (\"Hook\") in the Athabasca Basin area of northern Saskatchewan (Figure 1). \"We're very excited about this new discovery on Hook, on the second hole of our regional exploration program. HK24-010 intersected over 30 metres of continuous radioactivity at approximately 173 metres vertical depth. This new discovery is hosted within a massive alteration corridor similar in scale to what we have observed at our ACKIO zone 6 km to the southwest. We believe the alteration corridor has mobilized uranium from the host rocks and deposited it within a redox front, similar to what we interpret for HK24-010. We intend to follow-up drilling in this area in the coming weeks after completing exploration drilling in a logistically efficient order on other targets with stronger geophysical anomalisms. Hook's regional exploration aim was to discover new zones of uranium mineralization and we're well on our way with this new prospect,\" commented James Sykes, CEO, President, and Director of Baselode.Drill Hole DetailsDrill holes HK24-009 and HK24-010 were collared 6 km northeast of ACKIO (see Figure 2). The drill holes targeted a coincident gravity low, magnetic low, and conductive response within the area of an interpreted north-south oriented Tabbernor fault. See Figure 3 for a cross-section interpretation, including a comparison to ACKIO.HK24-009 intersected 130 m of structurally-controlled massive hydrothermal alteration including alternating hematite and white clay within orthogneiss starting immediately at the top of bedrock. Gamma probe radioactivity averaged 20 counts-per-second (\"cps\") within the altered rocks, 34 cps and 69 cps within two different fresh rock types, including a small zone of anomalous radioactivity measuring 177 cps over 4.3 m. HK24-010 i...