Business
Azincourt Energy to Drill East Preston Uranium Project, Athabasca Basin, Saskatchewan
VANCOUVER, British Columbia, Aug. 22, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF) is pleased to prov
About this update from Azincourt Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 22, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF) is pleased to provide an update regarding its upcoming winter work program at the East Preston uranium project, located in the southwestern Athabasca Basin, Saskatchewan, Canada. The 2018-19 winter work program is planned to begin after mid-November and will include approximately 2000-2500m of diamond drilling designed to test several previously identified high-priority targets. The Company announced earlier this year that it entered year two of its joint venture with Skyharbour Resources (TSX.V: SYH) and Clean Commodities Corp (TSX.V: CLE), in which Azincourt can earn 70% interest in the 25,000+ hectare project. Azincourt Geophysical Work Winter 2018 The Company completed a winter geophysical exploration program in January-February 2018 that generated a significant amount of new drill targets within the previously untested corridors and refining additional targets near previous drilling along the Swoosh corridor. The work included 51.5 km of grid preparation (line cutting/picketing), 46.1 km of horizontal loop electromagnetic (HLEM), and 40.6 km of ground gravity along the previously known airborne helicopter VTEM conductive trends. Ground-truthing work confirmed the airborne conductive trends and more accurately located the conductor axes for future drill testing. The gravity survey identified areas along the conductors with a gravity low signature, which is often associated with alteration, fault/structural disruption and potentially, uranium mineralization. The combination/stacking of positive features will assist prioritizing targets for testing first. The Main Grid shows multiple long linear conductors with flexural changes in orientation and offset breaks in the vicinity of interpreted fault lineaments – classic targets for basement-hosted unconformity uranium deposits. These are not just simple basement conductors; they are clearly upgraded/enhanced prospectivity targets because of the structural complexity. Figure 1: HLEM Survey – Jan/Feb 2018 Figure 1 displays the gridded 7040 Hz in-phase HLEM data, which is considered to be representative of the entire data set. The most prospective trends, based solely on conductivity, are labelled as C1 and C2. However, there...