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Azincourt Energy 2020 East Preston Drill Program Continues to Advance Prospectivity
DRILL PROGRAM UNCOVERS HIGHLY ENRICHED REE ZONE SIMILAR TO DENISON’S WHEELER RIVER PROJECT MAW ZONE IMMEDIATE FOLLOW UP FIELD PROGRAM PLANNED VANCOUVER, British
About this update from Azincourt Energy Corp
[{"type":"text","content":" DRILL PROGRAM UNCOVERS HIGHLY ENRICHED REE ZONE SIMILAR TO DENISON’S WHEELER RIVER PROJECT MAW ZONE IMMEDIATE FOLLOW UP FIELD PROGRAM PLANNED VANCOUVER, British Columbia, June 08, 2020 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce results from the Company’s Winter 2020 phase two drill program at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada. The 2020 Winter drill campaign continues to advance and enhance the prospectivity of the East Preston project. Three main target areas were drill tested with promising basement lithologies and graphitic structures intersected along with associated, anomalous Rare Earth Element (“REE”) mineralization and favourable alteration. The basement lithologies and litho-tectonic setting at East Preston are very similar and appear analogous to the Patterson Lake South-Arrow-Hook Lake/Spitfire uranium deposits’ host rocks and setting, and the recognition of REE mineralization setting appears to represent a basement mineralizing system similar to sandstone-hosted REE mineralization associated with uranium deposition observed at the Wheeler River project in the eastern Athabasca. Nine diamond drill holes totalling 2,431 meters were completed in three zones within a 7km x 2km area. All drill holes targeted combined electromagnetic ± gravity geophysical and geochemical anomalies in concert with structural/topographic discontinuities. East Preston hosts multiple closely spaced discreet graphitic conductor trends with coincident gravity low anomalies often indicative of alteration or thicker overburden due to enhanced glacial scouring over altered, or structurally disrupted basement. “We are very encouraged with the results from the 2020 winter drill program at East Preston,” said Ted O’Connor, Director and Technical Advisor for East Preston. “We continue to see the right basement unconformity uranium setting – rocks, structure and alteration from drilling on the project. The recognition of what is believed to be a basement analogue to uranium deposit-related REE mineralization and alteration suggests that mineralizing fluid systems were active on the project, at the right time. The winter results combined with the number and strike extent of the existing, untested prospective conduct...