The Bear project is 100% owned by Baselode Energy with no underlying royalties. Bear, like the Catharsis project, is on geological strike with the World’s largest and most-productive high-grade uranium district, the Wollaston and Mudjatik domains. Over 2 billion lbs U3O8 have been discovered along this trend. When searching for uranium deposits, this trend is the high-grade capital of the world.
Baselode is planning a 1,000-metre drill program in either late Q1 or late Q2 2024. Exploration permits from the Saskatchewan Ministry of Environment are pending. Baselode has planned for 4 to 5 drill holes in 2 - 4 collar locations for a total of 1,000 metres, with each drill hole ranging from 200 to 250 metres drill hole depth.