“We are highly encouraged by the results from holes AK24-118 and AK24-119, as they are the best intersections in Pod 6 and rank among the top 20 drill holes at Ackio,” James Sykes, Baselode CEO and president said in a release. “These results strengthen our confidence in Ackio. It’s remarkable that, just over three years after discovering Ackio, we’re still achieving better-than-expected grades and widths.”
Baselode shares gained C$0.01 to C$0.13 apiece on Thursday morning in Toronto, valuing the company at C$17.3 million. Its shares traded in a 52-week range of C$0.10 to C$0.61.
The results are part of a 12,000-metre drill program at Ackio, where mineralization starts at 25 metres depth. Ackio is made of up nine targets, or pods, inside Baselode’s Hook project, 40 km southeast of the McArthur River mine and 60 km northeast of the Key Lake uranium mill, jointly owned by Cameco (TSX: CCO; NYSE: CCJ) and Orano in a…
