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Baselode Doubles Drill Program for Catharsis Uranium Project
The drill program will double in size to 4,000 metres Three new target areas will be added ...
About this update from Geiger Energy Corporation
[{"type":"text","content":"Baselode Doubles Drill Program for Catharsis Uranium ProjectThe drill program will double in size to 4,000 metresThree new target areas will be addedBaselode is seeking another grassroots discovery on Catharsis Early drilling has encountered anomalous radioactivity, strong alteration, and encouraging redox-style alteration within brittle structuresToronto, Ontario--(Newsfile Corp. - March 4, 2024) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (\"Baselode\" or the \"Company\") is pleased to announce that it will increase the ongoing drill program on the Catharsis uranium project (\"Catharsis\") to 4,000 metres. Early drilling has shown encouraging signs that warrant the additional investment. \"Our first drill hole of this program intersected anomalous radioactivity* within a structural corridor at a favourable lithologic contact. These are important similarities with other uranium deposits. Subsequent drill holes followed the radioactivity up-dip (Figure 3) and intersected quartz-hematite oxidized fluid systems with redox-style and clay alteration characteristics reminiscent of high-grade uranium deposits (see Figures 4, 5 & 6). We will continue drilling the target area down-dip of the radioactivity, and along strike from it. We are encouraged by the results and have decided to increase our Program. We will drill more target areas than previously announced to test for near-surface, high-grade uranium deposits,\" stated James Sykes, CEO, President, and Director of Baselode.Please watch the Company's video (below) for updates and explanations about the first three drill holes (CT24-009 to CT24-011) and target areas of the Program.Catharsis 2024 Exploration UpdateCatharsis Drill Program DetailsThree drill holes, CT24-009 to CT24-011, for 721 m have been completed within Target Area D (Table 1). The Program has been upgraded to target 12 to 16 drill holes for 4,000 metres (\"m\") within 6 to 8 different untested target areas (Figure 2). Drill hole CT24-009 was completed down to 305.0 m depth, having intersected anomalous radioactivity, 666 counts-per-second (\"cps\") over 0.7 m, including a maximum of 1,305 cps over 0.1 m, at 275.4 m depth within a structural corridor at a favourable lithological contact. The radioactivity was never recovered in drill core due to significant core loss however the radioactivity was identifi...