TORONTO, Dec. 13, 2021 /CNW/ - Baselode Energy Corp.
(TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the
"Company") is pleased to announce that it has received
Exploration Work Authorization diamond drilling permits from
Saskatchewan's Ministry of
Environment (the "Ministry") for its 100% owned Shadow
Uranium project ("Shadow") in the Athabasca Basin area.
Baselode is encouraged by the Ministry's decision to approve the
diamond drilling exploration permits as a result of the Company
openly accommodating additional exploration conditions during the
extended duty to consult process. Shadow was the first project
staked by the Company as it believes the project area meets all of
the criteria for hosting near-surface, basement-hosted, high-grade
uranium deposits. Baselode continues dialogue with the impacted
Indigenous communities to ensure that mutually agreeable solutions
and benefits with minimal disturbances to Indigenous Lands and
Rights are addressed for the planned exploration activities within
the Shadow project area..
The Company will continue to update regarding consultation
progress with the Indigenous communities as more information
becomes available.
About Baselode Energy Corp.
Baselode currently
controls 100% of approximately 227,000 hectares for exploration in
the Athabasca Basin area, northern
Saskatchewan, Canada. The land
package is free of any option agreements or underlying
royalties.
Baselode's Athabasca 2.0
exploration thesis is focused on discovering near-surface,
basement-hosted, high-grade uranium orebodies outside of the
Athabasca Basin. The exploration
thesis is further complemented by the Company's preferred use of
innovative and well-understood geophysical methods to map deep
structural controls to identify shallow targets for diamond
drilling.
www.baselode.com
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release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Baselode Energy Corp. assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Baselode Energy Corp. Additional information
identifying risks and uncertainties is contained in the Company's
filings with Canadian securities regulators, which filings are
available under Baselode Energy Corp. profile at www.sedar.com.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within
the United States or to, or for
the account or benefit of, U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws, unless an
exemption from such registration is available.
SOURCE Baselode Energy Corp.