Baselode Energy has a huge uranium landholding in the Athabasca, and big plans to move towards mining

Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) is taking uranium exploration in the Athabasca back to its roots.

The company has staked nearly 265,000 hectares of ground to the south and east of the famous Key Lake uranium mill, jointly-owned by Cameco (85%) and Orano (15%), and not too far from the even more prolific MacArthur River and Cigar Lake mines either.

This is big game country as far as uranium is concerned – arguably the biggest.

But exactly what ‘big’ means in the uranium world hasn’t always been constant.“There is an idea in the Athabasca that you have to have high-grade,” says James Sykes, Baselode’s CEO.“But high-grade did not create the mills here. What got things going were the lower grade zones, the near-surface projects. It was only when MacArthur River came along that people started to say you need high-grade.”And even with high grade, uranium mining in the Athabasca hasn’t always been […]

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