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Azincourt Energy Confirms Priority Targets for Upcoming Drill Program at East Preston Uranium Project
VANCOUVER, British Columbia, Dec. 04, 2019 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to pro
About this update from Azincourt Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 04, 2019 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to provide an update on plans for the 2020 winter diamond drilling program at the 25,000+ hectare East Preston Uranium Project, located 50km southeast of Patterson Lake, in the Western Athabasca Basin, northern Saskatchewan, Canada. Drill target prioritization has now been completed, based on the compilation of results from the 2019 winter drill program, the 2018 and 2019 ground-based EM and gravity surveys, and property-wide helicopter-borne Versatile Time-Domain Electromagnetic (VTEM™ Max) and magnetic surveys. The upcoming approximately $1.2M drill program will focus on prospective targets in the Five Island Lakes area with 2000-2500m (up to 15 holes) of diamond drilling at 8-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. Initial drilling is also proposed for the Swoosh zone, a 7+ km long east-west structural lineament with strongly anomalous, spatially consistent geochemical anomalies (lake sediments, radon, soil) and coincident magnetic and gravity geophysical anomalies. Two holes are proposed for this area near the upstream terminus of the geochemical anomalies. This zone is located along strike - approximately 5km southwest of the A-zone. “East Preston is a large and highly prospective uranium exploration project with a comprehensive inventory of compelling drill targets, and we’re eager to begin testing the target zones,” said President & CEO, Alex Klenman. “Earlier this year a number of factors prevented us from drilling as much as we had planned. The timing of funding, a late start, and the early onset of warmer weather cut short our efforts. However, this upcoming campaign has the benefit of not only adequate funding already in place, but also, we’re significantly ahead of the permitting and preparation process than we were last time. We will test a number of priority targe...