Uranium exploration company Baselode Energy has acquired the Hook uranium property, in the Athabasca basin area of northern Saskatchewan, Canada, in line with its Athabasca 2.0 exploration thesis, which is set to target basement hosted uranium near surface deposits.
Hook, which covers around 30 000 ha within the basement rocks adjacent to the southeast edge of the Athabasca basin, is Baselode’s second recent uranium property acquisition in the region.
The property is wholly owned by Baselode and is free of any option agreement or underlying royalties.
Baselode's Hook also covers a few uranium showings of interest, including the Art Lake pegmatite radioactive showing which displays secondary uranium stains at surface, and a boulder train with anomalous radioactivity.
“We remain confident the property is ripe for a discovery," said Baselode CEO and president James Sykes.
The company’s exploration strategy on the Hook project will focus on mapping post-Wollaston structural displacements along NNE faults combined with ground follow-up prospecting to generate quality targets for drill testing.
Baselode plans to advance the Hook project by first completing historic work assessment, reprocessing existing geophysical survey data and geological modelling of the property, to be followed with modern and high-resolution airborne geophysics.
Once target areas have been identified, the company intends to assess the most strategic and impactful steps forward in an attempt to be ready for diamond drilling as soon as possible.