Business
Azincourt Energy Receives Permits for Upcoming Drill Program at the East Preston Uranium Project
VANCOUVER, British Columbia, Jan. 08, 2020 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to con
About this update from Azincourt Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 08, 2020 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to confirm all relevant permits have been received for the upcoming 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. Bryson Drilling has been contracted for the winter 2020 drill program, under the guidance and supervision of Azincourt director Ted O’Connor, M.Sc., P.Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic Exploration. Road construction to the main camp began in December, and work was on time and progressing rapidly before the holiday break. Road opening resumed on Monday, January 6, with the push beyond camp to the first drilling area scheduled for next week. The drill rig is expected to begin mobilization sometime this week with the commencement of the drill program anticipated to begin later in the month. As detailed in the December 4, 2019, Company news release, drill target prioritization has been completed (see Figure 1), based on compilation of results from the 2019 winter drill program and 2018 and 2019 ground-based EM & gravity surveys, and property-wide helicopter-borne Versatile Time-Domain Electromagnetic (VTEM™ Max) and magnetic surveys. The proposed approximately $1.2M CDN drill program will focus on prospective targets in the Five Island Lakes area with 2000-2500m (up to 15 holes) of diamond drilling at up 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 ...