Baselode Energy Corp. announced that diamond drilling has commenced on the ACKIO high-grade uranium zone (‘ACKIO') as part of a larger 10,000 m diamond drilling program (the ‘Program') for the Hook project (‘Hook' or the ‘Project'. 10,000 metres of diamond drilling are planned for Hook this summer.

The breakdown includes 7,500 metres allocated to delineation and expansion diamond drilling on ACKIO, and 2,500 metres partitioned in three to five areas for reconnaissance exploration to discover the next uranium zone on Hook. The ACKIO delineation and expansion part of the Program will first focus on the shallowest and/or the highest-grade uranium intersections defined in last years successful 22,500 metre drill campaign. Drill collars have been planned to optimize the allocated metres by intersecting multiple zones of mineralization from the same setups, and by limiting drill holes to specific stopping depths.

The drill program is anticipated to be complete by October. With the recent closing of the financing, the company remains fully-funded to complete the program.