Forum-Baselode Announces Aberdeen Project Drilling Underway

Core Viewpoint - Baselode Energy Corp. and Forum Energy Metals Corp. have commenced drilling at the Aberdeen Project, focusing on the Loki Grid as a promising target for potential new uranium discoveries [1][2][3]. Group 1: Drilling Program Details - The drilling program at the Aberdeen Project plans to conduct 18-25 drill holes, totaling up to 7,000 meters, depending on results [4][5]. - The 2025 program aims to identify additional high-grade uranium discoveries to enhance the overall discovery potential in the district [4]. - Ground magnetic surveys are being conducted on 6 to 10 target areas to refine the main fault zones within the drilling areas [4]. Group 2: Target Areas and Characteristics - The first targets to be tested are Loki and Bjorn, with Loki showing strong clay alteration and elevated uranium levels (up to 30 ppm, which is 30 times the background) in the Thelon sandstone [5][6]. - The exploration includes both sandstone-covered targets and basement-only targets, with Loki and Bjorn prioritized for initial drilling [6]. - Historical drilling at Loki revealed uranium values significantly above background levels, indicating a high potential for discovery [6]. Group 3: Company Background and Assets - Baselode controls approximately 231,378 hectares for exploration in the Athabasca Basin, free of option agreements or underlying royalties [9]. - Forum Energy Metals holds a significant land position of 153,838 hectares in Saskatchewan and 95,519 hectares in Nunavut, focusing on high-grade uranium deposits [13]. - The Aberdeen Project hosts notable uranium discoveries, including the Tatiggaq and Qavvik prospects, which require further drilling to assess their full extent [14][15].