Forum-Baselode: Aberdeen Project Drill Program to Start in July
Forum Energy Metals (OTCQB: FDCFF) and Baselode Energy (TSXV: FIND) have announced the commencement of their joint exploration program at the Aberdeen Project in Nunavut. The program will feature two diamond drills targeting up to 7,000 meters across 18-25 planned drill holes.
The exploration will focus on 10 high-priority target areas, starting with the Loki and Bjorn locations. The program includes both sandstone-covered targets (traditional unconformity targets) and basement-only targets. Previous drilling at Loki in 2024 showed promising results with uranium values 30x background and substantial clay alteration. The campaign aims to demonstrate the project's uranium discovery potential by testing multiple blue-sky targets, with drilling expected to begin in July 2025.
Forum Energy Metals (OTCQB: FDCFF) e Baselode Energy (TSXV: FIND) hanno annunciato l'inizio del loro programma di esplorazione congiunta presso il progetto Aberdeen in Nunavut. Il programma prevede l'utilizzo di due perforatrici diamantate per un totale fino a 7.000 metri distribuiti su 18-25 fori di perforazione pianificati.
L'esplorazione si concentrerà su 10 aree target ad alta priorità, iniziando dalle località Loki e Bjorn. Il programma comprende sia obiettivi coperti da arenaria (tipici obiettivi di disconformità) sia obiettivi situati solo nel basamento roccioso. Le perforazioni precedenti a Loki nel 2024 hanno mostrato risultati promettenti con valori di uranio 30 volte superiori al background e una significativa alterazione argillosa. La campagna mira a dimostrare il potenziale di scoperta di uranio del progetto testando molteplici obiettivi ad alto potenziale, con l'inizio delle perforazioni previsto per luglio 2025.
Forum Energy Metals (OTCQB: FDCFF) y Baselode Energy (TSXV: FIND) han anunciado el inicio de su programa conjunto de exploración en el Proyecto Aberdeen en Nunavut. El programa contará con dos perforadoras diamantinas que apuntan a perforar hasta 7,000 metros en 18-25 perforaciones planificadas.
La exploración se centrará en 10 áreas objetivo de alta prioridad, comenzando con las ubicaciones Loki y Bjorn. El programa incluye objetivos cubiertos por arenisca (objetivos tradicionales de discordancia) y objetivos solo en el basamento. La perforación previa en Loki en 2024 mostró resultados prometedores con valores de uranio 30 veces superiores al nivel de fondo y una alteración arcillosa significativa. La campaña busca demostrar el potencial de descubrimiento de uranio del proyecto probando múltiples objetivos de gran potencial, con el inicio de la perforación previsto para julio de 2025.
Forum Energy Metals (OTCQB: FDCFF)와 Baselode Energy (TSXV: FIND)가 누나붓의 애버딘 프로젝트에서 공동 탐사 프로그램을 시작한다고 발표했습니다. 이 프로그램은 18~25개의 계획된 시추공을 대상으로 최대 7,000미터까지 시추하는 두 대의 다이아몬드 드릴을 특징으로 합니다.
탐사는 10개의 우선순위가 높은 타깃 지역에 집중되며, 로키(Loki)와 비욘(Bjorn) 지역부터 시작합니다. 프로그램은 사암으로 덮인 목표지점(전통적인 불연속면 목표)과 기저암만을 대상으로 하는 목표를 포함합니다. 2024년 로키에서의 이전 시추는 배경치의 30배에 달하는 우라늄 수치와 상당한 점토 변질을 보여 유망한 결과를 나타냈습니다. 이번 캠페인은 여러 개의 잠재적 타깃을 시험하여 프로젝트의 우라늄 발견 가능성을 입증하는 것을 목표로 하며, 시추는 2025년 7월에 시작될 예정입니다.
Forum Energy Metals (OTCQB : FDCFF) et Baselode Energy (TSXV : FIND) ont annoncé le lancement de leur programme d'exploration conjoint sur le projet Aberdeen au Nunavut. Le programme comprendra deux foreuses diamantées visant jusqu'à 7 000 mètres répartis sur 18 à 25 trous de forage prévus.
L'exploration se concentrera sur 10 zones cibles prioritaires, en commençant par les sites Loki et Bjorn. Le programme inclut des cibles couvertes de grès (cibles traditionnelles d'inconformité) ainsi que des cibles situées uniquement dans le socle. Les forages précédents à Loki en 2024 ont montré des résultats prometteurs avec des valeurs d'uranium 30 fois supérieures au fond et une altération argileuse importante. La campagne vise à démontrer le potentiel de découverte d'uranium du projet en testant plusieurs cibles à fort potentiel, avec un début des forages prévu en juillet 2025.
Forum Energy Metals (OTCQB: FDCFF) und Baselode Energy (TSXV: FIND) haben den Beginn ihres gemeinsamen Explorationsprogramms am Aberdeen-Projekt in Nunavut bekannt gegeben. Das Programm umfasst zwei Diamantbohrer, die bis zu 7.000 Meter in 18-25 geplanten Bohrlöchern anstreben.
Die Exploration konzentriert sich auf 10 prioritäre Zielgebiete, beginnend mit den Standorten Loki und Bjorn. Das Programm umfasst sowohl von Sandstein bedeckte Ziele (traditionelle Diskordanz-Ziele) als auch ausschließlich im Grundgebirge liegende Ziele. Frühere Bohrungen in Loki im Jahr 2024 zeigten vielversprechende Ergebnisse mit Uranwerten, die 30-mal über dem Hintergrund lagen, sowie erheblicher Tonmineralalteration. Die Kampagne zielt darauf ab, das Uran-Entdeckungspotenzial des Projekts durch das Testen mehrerer vielversprechender Ziele zu demonstrieren; mit Bohrbeginn wird im Juli 2025 gerechnet.
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- With Forum-Baselode Merger Now Announced, Drilling Starts Immediately
- Camp mobilization underway on Aberdeen Project
- Drilling to include 2 drills and approximately 7,000 m
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode") and Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum", together with Baselode, the "Parties") are pleased to announce that we are opening our exploration camp on the Aberdeen Project in Nunavut and plan to initiate a 2-drill diamond drill program in July (Figure 1).
Key Highlights
- Exploration Plan: 18-25 drill holes planned and up to 7,000 m
- Target Areas: 10 high-priority target areas, both with and without sandstone cover; first targets tested will be Loki and Bjorn
"We are excited to begin our upcoming drill program on the Aberdeen Project. Our focus this year is to explore the wider project area by testing up to 10 high-priority target areas for additional uranium mineralized zones. Our plan is to showcase the uranium discovery potential of the project area by testing numerous blue-sky targets. Our drill targeting will focus on strong gravity anomalies along prospective fault trends both with and without sandstone cover," stated Rebecca Hunter, President, CEO and Director of Forum and upcoming Geiger Energy.
James Sykes, President and Chief Executive Officer of Baselode, stated: "We're excited to be part of this drill program on Aberdeen. Working together with Forum, we believe our combined efforts and ideas will expedite a discovery on Aberdeen. We are encouraged with the technical details of the project as many previous drill holes have highlighted robust hydrothermal fluid alteration systems that are fertile with uranium. The Loki and Bjorn areas that Forum have defined are some of the first areas that we deemed to be very prospective, too."
Aberdeen Program Details
Up to 7,000 m in 18-25 drill holes is planned at Aberdeen (Figure 2), depending on results. Targets and target criteria are as follows:
- Sandstone-covered targets (i.e. traditional unconformity targets) such as Loki, Bjorn, Thor, Squiggly River and Nymeria - Loki and Bjorn will be the first 2 areas tested. Drilling in 2024 at Loki contained uranium values 30x background and substantial clay alteration in the sandstone
- Basement-only targets including Lobster, Tarzan, Willow, Apollo and Starbuck; three historical drill holes at Tarzan intersected significant clay alteration and elevated boron
- Drill targets are selected and prioritized based on the presence of gravity low anomalies in concert with major ENE- and NE-trending faults, as well as any nearby drill or surface data that show prospective fault structures, clay or geochemical signatures
The 2025 program is focused on finding additional high-grade discoveries to build scale and enhance the discovery potential in the district. Ground magnetic surveys are planned on 6 to 10 of the target areas to help refine the main fault zones within the drill areas.
The exploration camp is currently being opened, and drilling is expected to be underway shortly after camp is operable.
Figure 1: Project location map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/256739_965440a7e43f09de_001full.jpg
Figure 2: Project map with 2025 target areas overlying residual gravity image.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/256739_965440a7e43f09de_002full.jpg
About Baselode
Baselode controls
Baselode discovered the ACKIO near-surface, uranium prospect in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1 and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.
Baselode's Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted, high-grade uranium orebodies outside the Athabasca Basin. The exploration thesis is further complemented by Baselode's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling.
About Forum
Forum Energy Metals is focused on the discovery of high-grade, unconformity-related uranium deposits in Canada's premier uranium jurisdictions: the Athabasca Basin in Saskatchewan and the Thelon Basin in Nunavut. The Company holds a significant land position with 153,838 hectares in Saskatchewan — primarily within the Athabasca Basin — and 95,519 hectares in Nunavut's Thelon Basin.
Forum's flagship asset is the Aberdeen Project in Nunavut, which hosts the high-grade Tatiggaq and Qavvik uranium discoveries. Tatiggaq is a basement-hosted prospect defined over a 300-metre strike length, comprising multiple steeply dipping, ENE-trending mineralized lenses located at depths between 80 and 180 metres. Notable intercepts include
In addition to these discoveries, the Aberdeen Project hosts over 50 high-priority exploration targets, many of which exhibit strong alteration and anomalous geochemistry from limited historical drilling — or remain entirely untested.
Qualified Person Statement
The technical information contained in this news release has been reviewed and approved by Rebecca Hunter, P.Geo, President & CEO of Forum Energy Metals Corp., a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."
| ON BEHALF OF THE BOARD OF DIRECTORS OF BASELODE ENERGY CORP. "James Sykes" James Sykes CEO, President, & Director Email: jsykes@oregroup.ca Phone: 416-644-1567 | ON BEHALF OF THE BOARD OF DIRECTORS OF FORUM ENERGY METALS CORP. "Rebecca Hunter" Rebecca Hunter, PhD. P. Geo. President & CEO hunter@forumenergymetals.com Phone: 604-630-1585 |
Cautionary Statement
Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to Baselode's and Forum's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes Baselode's and Forum's expectations as of the date of this news release. Forward-looking statements in this news release include, but are not limited to statements with respect to the anticipated timing for the meeting of Forum shareholders and closing of the Arrangement, the anticipated consideration to be issued by Baselode and received by Forum shareholders, and the satisfaction of closing conditions including: (i) required Forum shareholder approval; (ii) necessary court approval in connection with the Arrangement; (iii) certain termination rights available to the Parties under the Agreement; (iv) obtaining the necessary approvals from the TSX-V; and (v) other closing conditions as set forth in the Arrangement Agreement.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the ability of Baselode and Forum to implement their business strategies; competition; currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Baselode and Forum caution that the foregoing list of material factors is not exhaustive. When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Baselode and Forum have assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF BASELODE AND FORUM AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE BASELODE AND FORUM MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
1 Refer to Forum News Release dated September 12, 2023, titled "Forum intersects
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FAQ
When will Forum Energy Metals (FDCFF) begin drilling at the Aberdeen Project?
How many drill holes are planned for Forum's Aberdeen Project in 2025?
What were the previous drilling results at the Loki target in Aberdeen?
Which target areas will Forum Energy Metals drill first at Aberdeen?
How many high-priority target areas has Forum identified at the Aberdeen Project?
