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Azincourt Energy Mobilizes Crew for Drill Program at East Preston Uranium Project, Athabasca Basin, Saskatchewan
VANCOUVER, British Columbia, Feb. 26, 2019 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to ann
About this update from Azincourt Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 26, 2019 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce that all relevant permits for its proposed uranium drill program at the East Preston Project have been received. Crews have now been mobilized in support of the program, with drilling expected to commence before mid-March. The 2019 drill program, with 10-15 holes (2000-2500 meters) planned, will test high priority targets within prospective conductor corridors defined by recent airborne geophysical surveys. Targets have been refined and prioritized based on encouraging fieldwork results, including coincident anomalies from ground gravity, airborne and ground EM and magnetics (graphitic conductors and structures), radon, soil, biogeochem, lake sediment, and geological mapping surveys. The program’s primary drill target in the Five Island Lake region is considered to be one of the most prospective geological targets on the property. “Exploration work to date on the northern portion of the East Preston ground has generated numerous, high-quality, drill targets, and we’re pleased to begin testing these,” said president & CEO, Alex Klenman. “There is no shortage of well-defined drill targets on the northern half. Now that the entire property has identical airborne geophysical survey coverage, we’re hopeful this ground hosts the same type of quality target inventory that the northern portion of the property contains. We’re pleased to get to the next stage of development at East Preston,” continued Mr. Klenman. VTEM Survey Completed The Company is also pleased to report that Geotech Ltd recently completed a helicopter-borne Versatile Time-Domain Electromagnetic (VTEM™ Max) and Magnetic survey over the southeastern portion of the East Preston Project. East Preston now has complete survey coverage over the entire project area. The survey consisted of 498 line-km with 300 m line spacing and 1,000 m tie-line spacing – identical parameters to the previous VTEM™ Max survey, and ties directly into the previous flight lines, oriented NW-SE, perpendicular to the NE-SW trending structural and conductor trends of the basement rocks at East Preston. 100% of the East Preston ground has now been subject to VTEM Max survey. Geotech is currently completi...