Baselode Energy – A new uranium discovery at the Hook Uranium Property in the Athabasca Basin

October 6, 2021

James Sykes, President and CEO of Baselode Energy (TSX.V:FIND – OTC:BSENF) joins us to recap recent news highlighting a new discovery on the Hook Uranium Project, in the Athabasca Basin, Canada. Assay results have not been returned from the lab but using a spectrometer the Company noted continuous elevated radioactivity.

We have James provide some more details on the drill hole locations and what the elevated radio activity levels could correspond to in terms of uranium mineralization. There are 2 main targets outlined in the news release; the Ackio Target and Beckette Target.

If you have any follow up questions for James please email us at either or

Click here to visit the Baseload Energy website and read over the recent news.

    Oct 06, 2021 06:18 AM

    Pure Gold Mining announces non-brokered financing of $3.45 million CDN at $1.05 per share, to Anglogold Ashanti. Pure Gold is currently selling for 85 cents CDN, this should put a floor under this stock price. Going up, let’s push the button these low prices can’t hang on forever. DT

    Oct 06, 2021 06:43 AM

    why would anyone do that after witnessing the sucker play Anglo fell for.

      Oct 06, 2021 06:11 PM

      Do you mean the Corvus Gold acquisition by Anglogold Ashanti, that they did about 2 months after giving them a similar lifeline financing?

        Oct 06, 2021 06:18 PM

        I was fine with the Corvus takeover, as that actually made sense for them acquire the adjoining land there in Nevada, and it was well-telegraphed to the market.

        I sure hope Anglogold Ashanti doesn’t do the same thing here with Pure Gold though, as I’d anticipate a large rerating in (PGM) once they show the market they are running things at a better throughput at nameplate production and at the projected head grade. In addition, some of the recent drilling Pure Gold has done at the “8 Zone” at depth is very high bonanza grade, and is very similar to what Goldcorp found at the Red Lake Mine when they were the operators there. That exploration upside not just at depth, but all around their land package in Red Lake, is why I consider Pure Gold one of those “holy grail” companies where it is a Jr producer with big discovery potential on their property.

        If AngloGold picked off Pure Gold here at these depressed levels, in the next few months, then it would be a real bummer… However, it would be an incredibly wise bolt-on acquisition for (AU) based on where (PGM) is currently valued. I’m sure the upside potential is not lost on their team, thus the help financing…

          Oct 07, 2021 07:52 PM

          Before we run with this too far we need to see the terms of the deal. Is there an exclusivity clause in it? As I remember it from the Corvus deal that was a big part of the problem. Also, once Anglo bought a chunk of Corvus the clock started ticking and they have x months to buy more or all of it or they, Anglo, would have to wait for a year. before they make another move.

          The recent high for Pure is around $1.25 CAN so take that and add a bit so their offer would be for $1.30 or $1.35 a share. For me this doesn’t put in a floor for the stock, rather it puts in a high. Knowing that Anglo is sniffing around means I won’t buy any more Pure Gold, it is probably time to sell. All Anglo has to do is let Pure wash out a bit then find a lower high and add a few pennies to the price and you have their offer.

          I made money on Anglo – I can easily see loosing money of Pure.

          On other point on the Anglo – Corvus deal. No one knows when it will settle – probably sometime next year, perhaps March, April or May, so they have left the stock holder out to dry. The Mgmt of Corvus was blindsided by the offer and the stock holders should look at any company they manage in the future with caution.

            Oct 07, 2021 07:20 PM

            A point of clarification – I heard that once a company buys a chunk of another, I think Anglo bought about 18% of Corvus, they have a set period of time to buy more or all. If they don’t act in that time period they must wait a year before then come back for another chunk of it. So, Anglo’s buy in set the process in motion and once they got inside of Corvus and figured out the real potential they decided to grab it cheap while they could.

            Why not play the same game with Pure Gold? It worked before.

            Wonder if they have an Investor Relations person to call? There is no reason to trust AngloGold.

          Oct 08, 2021 08:44 AM

          Re: this – “I sure hope Anglogold Ashanti doesn’t do the same thing here with Pure Gold though, as I’d anticipate a large rerating in (PGM) once they show the market they are running things at a better throughput at nameplate production and at the projected head grade.”

          Weren’t we waiting for a PEA or some big news out of Corvus – once Anglo made the offer that disappeared. Same thing here – you can bet an offer is coming in Anglo likes what it see – the objective is to grab it before the rerate. Why pay up for the company/resource – grab it as cheaply as possible. Anglo had to leave South Africa – this is how they play the game.

    Oct 06, 2021 06:46 AM

    I must say, there are green shoots lately. Just maybe we stop pushing on a string for a while.

    Oct 06, 2021 06:21 PM

    Nice to see that Baselode Energy has discovered some continuous elevated radioactivity in the recent drill holes, as verified by their spectrometer. They still need confirmation via assay results that it is Uranium, and not Thorium or Potassium, but all indications are that this is similar to what 92 Energy found nearby on an adjacent land package.

    It will also be interesting to see what the future drill holes return that are going to target the potential unconformity and fault in between where both companies have drilled to date. Wishing James and the Baselode team success.

    Oct 06, 2021 06:26 PM

    As for Uranium stocks I did a bit more nibbling today on my portfolio of 6 companies (UUUU, URG, UEC, DNN, NXE, and PTU) and added back my (AZZ) Azarga now that it has corrected back down with enCore, to exploit a small arbitrage on the takeover valuation, so that takes me up to 7 U stocks. I’m considering adding Baselode to the mix as well once we get confirmation on the drill assays.