Baselode Energy CEO talks Loki drill success in Nunavut - ICYMI

Core Viewpoint - Baselode Energy Corp has reported significant drilling results at the Aberdeen Project in Nunavut, particularly at the Loki target, marking the first uranium mineralization at the unconformity within the Thelon Basin [1][6]. Group 1: Drilling Results - The company drilled five holes at the Loki target, with four showing strong alteration and one intersecting weak uranium mineralization at the unconformity [1][6]. - This discovery is notable as it represents the first time uranium mineralization has been found at the unconformity in the Northeast Thelon project, contrasting with previous basement-hosted discoveries in the region [2][6]. Group 2: Geological Significance - The Loki target is characterized by a large gravity anomaly, approximately four kilometers by one kilometer, which is being explored for its potential to host unconformity-style uranium deposits [5][6]. - The alteration observed in the sandstone column, which is bleached white and full of faults, is unprecedented in this area, indicating a potentially larger mineralization system [8]. Group 3: Future Plans - The company plans to continue its drill program at Loki to further investigate the mineralization and explore additional trends [8]. - There is a strategic focus on establishing the Thelon Basin as a new uranium district, which could enhance market opportunities both domestically and internationally [9].