Baselode-Forum kicks off drill program at Aberdeen project
Published: 09:09 10 Jul 2025 EDT
Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) and Forum Energy Metals Corp (TSX-V:FMC, OTCQB:FDCFF) have announced the start of drilling operations at the Aberdeen project in the Thelon Basin, Nunavut.
The 2025 exploration program includes plans for up to 25 drill holes totaling as much as 7,000 metres.
The campaign will test 10 high-priority target areas, beginning with the Loki and Bjorn grids.
According to the companies, the targets have been selected based on geological, geophysical, and geochemical data, including gravity low anomalies and fault structures aligned with elevated uranium readings and significant clay alteration.
The drilling program targets both sandstone-covered and basement-only zones, starting with high-priority unconformity targets like Loki and Bjorn. Drilling will be prioritized based on gravity lows, fault structures, and geochemical indicators.
Previous drilling at Loki returned uranium values 30 times background and strong clay alteration.
"Our drilling is underway on the Aberdeen project and the first target is our Loki Grid,” Forum CEO Rebecca Hunter said. “We are excited about this target because it has all the exploration building blocks for a possible new discovery."
James Sykes, Baselode CEO, also expressed excitement about the drill program.
“The Loki target area has all of the characteristics we'd expect to find near a high-grade uranium deposit in the Athabasca Basin; elevated uranium in the sandstone and within 10 m of the basement unconformity, clay alteration, bleaching, desilicification and highly anomalous pathfinder elements in the sandstone,” Sykes said.
“We believe an Athabasca-style unconformity high-grade uranium deposit discovery on the Project will immediately reward both Baselode and Forum shareholders."
Baselode and Forum in June announced a definitive arrangement agreement for an at-market business combination, under which Baselode will acquire all outstanding Forum shares through a court-approved plan of arrangement. The merged entity will operate as Geiger Energy Corporation.
