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Azincourt Energy Extends Alteration Zone At The East Preston Uranium Project
Significant Alteration in K-Zone increased to 1200 meters Budget increased to maximize impact of winter program VANCOUVER, British Columbia, March 16, 2022 (GLO
About this update from Azincourt Energy Corp
[{"type":"text","content":" Significant Alteration in K-Zone increased to 1200 meters Budget increased to maximize impact of winter program VANCOUVER, British Columbia, March 16, 2022 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF), is pleased to provide an update on the 2022 exploration program at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada. Drilling at the East Preston Project commenced on January 24th, and to date, 4,301 meters have been completed in 18 drill holes. Despite being plagued by extreme cold weather and its associated logistics and mechanical problems, two drill rigs are operational on the project. 15 drill holes are complete, one was abandoned, and two are in progress on the K- and H- Zones. Prior progress has been reported in previous press releases dated February 14th, 2022, and March 1st, 2022. TerraLogic Exploration Inc. is executing the winter 2022 diamond drilling program under the guidance and supervision of Azincourt’s Vice President, Exploration, Trevor Perkins, P.Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic Exploration. The program is planned for approximately 5,500m of drilling. Drilling focused on the A-G and K-H-Q trends and commenced in the G-Zone where the 2021 drill program ended. The program continues to evaluate the K-H-Q trend (Figure 2). Drilling on the northeast trending G-Zone (Figure 3) was halted with nine holes completed. Extensive hydrothermal alteration and evidence of east-west cross-cutting structures have been intersected along the southern portion of the zone. The alteration zone is highlighted in holes EP0030 and EP0037 with intervals of hydrothermal hematite alteration and extensive evidence for a steep east-west fault cross-cutting the main northeast trending structure and graphitic lithologies. An evaluation of the structural data and geochemistry will be undertaken to aid in planning for additional follow-up drilling and evaluation of this area in the next drill program. On the north-south trending K-Zone (Figure 3), five holes have been completed and one is in progress. One hole was lost in a sand filled fault zone at the north end of the zone. Drilling on the K-Zone has intersected extensive hydrothermal hematite alteration in all holes, indicat...