Baselode Energy Commences 1,500-Meter Drill Program at Bear Uranium Project

Baselode Energy has initiated a 1,500-meter drill program at its Bear Uranium project situated in the Athabasca Basin of northern Saskatchewan. The exploration program will consist of six to eight drill holes strategically positioned across three to four distinct areas of interest within the project boundaries. Company CEO James Sykes confirmed that field crews have already commenced logistical preparations, with drill crews expected to arrive on-site within the next two weeks.

The utilization of helicopter support for the drilling operations represents a key operational strategy aimed at accelerating drill targeting while simultaneously reducing environmental impact on the ground terrain. This approach aligns with modern exploration practices that prioritize both efficiency and environmental stewardship. Baselode Energy has secured all required regulatory permits for the program, ensuring full compliance with governmental and environmental regulations governing mineral exploration activities in the region.

Complementing the drilling initiative, the company completed a low-altitude, high-resolution airborne radiometric and magnetic survey over the Bear project area during March. While final survey results remain pending, the company anticipates receiving this critical data before drilling operations commence. These geophysical surveys provide essential subsurface information that guides drill targeting decisions and enhances the overall effectiveness of exploration efforts by identifying anomalous areas potentially indicative of uranium mineralization.

Simultaneously, Baselode Energy provided updates on its parallel Catharsis Project, where recent drilling activities yielded promising geological indicators. The company completed 11 drill holes totaling 2,837 meters across six different target areas within the Catharsis property. Preliminary observations revealed encouraging signs of hydrothermal alteration and structural features in two additional target zones beyond those previously identified, suggesting potential mineralization systems. The company plans to release comprehensive assay results and detailed interpretations once all laboratory data has been received and analyzed.

The Catharsis Project also benefited from complementary airborne surveying, with a low-altitude, high-resolution radiometric and magnetic survey completed in April. This additional geophysical data will provide enhanced geological context and support ongoing analysis of the project's mineral potential. Baselode Energy maintains its commitment to advancing exploration across its Athabasca Basin portfolio, employing innovative techniques to identify and delineate high-potential mineralization targets in one of the world's most prolific uranium districts.