Baselode Reports High-Grade Uranium and Rare Earth Element Mineralization

Baselode Energy Corp. recently reported on high-grade uranium and rare earth element mineralization at its Catharsis and Hook projects in the Athabasca Basin region of northern Saskatchewan.

Baselode reports high-grade uranium and rare earth mineralization image

The company is encouraged by the unexpected enrichment of rare earth elements (REEs) on Catharsis and Hook, as they indicate that our projects are exposed to a broader and larger mineral system, including the potential for exploration for high-grade uranium and REEs, or those minerals that are in high demand and in which sources of supply are scarce.

James Sykes, CEO, president and director of Baselode, said, "Rare earth products are highly sought after for their unique qualities, enabling the rapid growth of high-tech devices and products, including modern solar panels, wind farms, electric vehicles, and cell phones."

Baselode Energy reports high-grade uranium and rare earth element mineralization image

Summer field exploration covered a large area of land and in total, over 100 exposed formations at Catharsis were explored, with a total of 26 samples taken from 21 individual formations for determination of radioactive material or background lithology chemistry, with four samples from three formations obtained ranging from 0.54 wt% TREO to 2.14 wt% TREO.

The critical REE concentrations (CREO) of these four samples range from 23% to 26% of TREO, with the CREO fraction being primarily praseodymium (Pr6O11) and neodymium (Nd2O3). CREO are the most sought-after and valuable rare earth element on the market today because of their importance in the manufacture of high-strength magnets.

Baselode Energy Corp image

Whereas the outcrop rate at Hook is not as frequent as at Catharsis, Baselode considers the entire Hook area to be potentially important for a new high-grade uranium and REE mineral system in Saskatchewan. 19% of the CREO concentration in the Hook access samples is in TRIO. Although lower than the Catharsis samples, they are still enriched in praseodymium (Pr6O11) and neodymium (Nd2O3), and it is particularly noteworthy that these samples are more enriched in terbium (Tb4O7) and dysprosium (Dy2O3) CREO than the Catharsis results. Terbium and dysprosium are the most valuable CREO by USD$/kg.

Baselode currently controls approximately 227,000 hectares of 100% exploration land in the Athabasca Basin region of northern Saskatchewan, Canada. The land package does not contain any option agreements or associated royalties. a high-grade uranium discovery was announced on September 29, 2021.

 

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