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Azincourt Energy Commences Phase One Drilling At East Preston Uranium Project, Athabasca Basin, Saskatchewan
VANCOUVER, British Columbia, March 20, 2019 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to an
About this update from Azincourt Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, March 20, 2019 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce phase one drilling has commenced at the East Preston uranium project, in the western Athabasca Basin, northern Saskatchewan. Crew is on site and has completed construction of the first two drill pads. Target number one, Pad B on L2400, targets the confluence of north and northeast-trending conductors (prospective structure) with a coincident gravity anomaly (potential alteration), and a positive airborne radiometric anomaly (potential mineralization indicator). Target number two, Pad E on 900, targets the on-strike extension of the Pad B conductor 1.5km to the southwest. An elevated conductor strength in this area coincides with a distinct flexural dislocation. These combined features outline a potential structural trap for the concentration of mineralized fluids. Additional targets are being prioritized as phase one drilling continues. About East Preston Azincourt is currently earning towards 70% interest in the 25,000+ hectare East Preston project as part of a joint venture agreement with Skyharbour Resources (TSX.V: SYH), and Clean Commodities Corp (TSX.V: CLE). Extensive regional exploration work at East Preston was completed in 2013-14, including airborne electromagnetic (VTEM), magnetic and radiometric surveys. Three prospective conductive, low magnetic signature corridors have been discovered on the property. The three distinct corridors have a total strike length of over 25 km, each with multiple EM conductor trends identified. Ground prospecting and sampling work completed to date has identified outcrop, soil, biogeochemical and radon anomalies, which are key pathfinder elements for unconformity uranium deposit discovery. Only one of the corridors has been drill tested to date, successfully intersecting structurally disrupted graphitic metasedimentary rocks and anomalous pathfinder elements (including uranium) at the Swoosh S6 target using a combination of Horizontal Loop EM (HLEM) and gravity as primary targeting tools. East Preston Geophysical Work - Winter 2018 The Company completed a winter geophysical exploration program in January-February 2018 that generated a significant amount of new drill targets within the pr...