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Azincourt Energy: Geophysical Survey Generates Numerous High-Quality Targets at East Preston Project, Athabasca Basin
VANCOUVER, British Columbia, March 07, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSXV:AAZ) (OTC:AZURF) is pleased to annou
About this update from Azincourt Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, March 07, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSXV:AAZ) (OTC:AZURF) is pleased to announce the completion of HLEM and Gravity geophysical surveys for the Company’s East Preston project, a highly prospective uranium project located in the western Athabasca Basin, Saskatchewan, with option partners Skyharbour Resources Ltd. and Clean Commodities Corp. Numerous, high quality drill targets have been generated from the 50 line km surveys. Detailed interpretation work is underway to generate targets for future drill testing incorporating the detailed gravity survey results. East Preston Program highlights 50 line km of Horizontal Loop Electromagnetic (HLEM) and ground gravity surveys completed on multiple grids across the East Preston property (see Figure 1 Survey Map) Excellent basement conductors confirmed and ground-truthed for follow-up – numerous targets identified on every grid surveyed Detailed geophysical interpretation is on-going to qualify and prioritize drill targets for future drill testing using established Athabasca uranium deposit criteria The Winter Exploration Program completed will satisfy year one of the JV Option with expenditures exceeding the agreement threshold These positive results support the Company’s position to enter year two of the JV Option East Preston Project 2017 Geophysical Results Azincourt engaged a highly experienced geophysical consultant, Mr. Lawrence Bzdel, PGeo, to plan and oversee the geophysical surveys and interpret all recently acquired data alongside the historical exploration work and results. Paterson Geophysics Ltd completed the 50 line km of HLEM survey work and MWH Geo-Surveys completed the 50 line km of ground gravity surveying based out of a temporary camp established on the project. Survey work was completed in January-February with camp and crew demobilization February 22. The HLEM data was collected with a 200 m Transmitter-Receiver separation, and 50 m station intervals. The survey was designed to accurately identify multiple conductor systems in this shallow depth to basement environment. Unconformity-related uranium deposits are often associated in proximity to basement conductive trends and represent a first order criterion for discovery. The Gravity survey recorded measurements at 50 m...