Business
Azincourt Energy Commences Drill Program at the East Preston Uranium Project
VANCOUVER, British Columbia, Feb. 04, 2020 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to con
About this update from Azincourt Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 04, 2020 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to confirm drilling has commenced at the 25,000+ hectare East Preston Uranium Project, located 50km southeast of Patterson Lake, in the Western Athabasca Basin, northern Saskatchewan, Canada. Drilling has begun at pad EP20PADB, which is located along the northern part of the A-Zone conductor corridor. One hole in the abbreviated 2019 drill campaign targeted a nearby parallel conductor. Hole EP19003 successfully intersected a graphite-pyrite bearing shear zone, providing clarification of the geophysical conductors previously identified through ground and airborne EM surveys. The 2019 results validate the geophysical interpretation in the Five Island Lakes project area and were paramount in determining the target priority sequence for the 2020 program. Drill target prioritization for the current campaign is based on a detailed compilation of results from the 2019 winter drill program and 2018 and 2019 ground-based EM & gravity surveys, and property-wide helicopter-borne Versatile Time-Domain Electromagnetic (VTEM™ Max) and magnetic surveys. The approximately $1.2M CDN drill program is focused on prospective targets in the Five Island Lakes area with 2000-2500m (up to 15 holes) of diamond drilling at up to 10 pad locations. The majority of proposed holes will test multiple subparallel EM conductors (A-zone and B-zone conductor corridors), in an area of marked structural disruption. Portions of the A-zone were drilled during the 2019 winter campaign verifying that the conductor hosts significant graphite in strongly deformed (sheared) host rocks that offer both fluid pathways and a reducing host rock conducive to uranium deposition. “We’re excited to get the program underway,” said president & CEO, Alex Klenman. “It’s a substantial investment into the development of the project. The drill plan covers several priority targets that will allow us to vector towards discovery. This is a big property with a significant inventory of drill targets and areas of interest that all need and deserve to be tested. We look forward to the results and hopefully unlocking the potential East Preston presents,” continued Mr. Klenman. Initial drilling is also proposed for the Swoosh zone, a 7+...