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Clean Commodities Corp.'s Option Partner Azincourt Energy Delivers Geophysical Survey Results Generating Numerous High-Quality Targets at East Preston in the Athabasca Basin
Clean Commodities Corp.'s Option Partner Azincourt Energy Delivers Geophysical Survey Resu...
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[{"type":"text","content":"\n\n\n\nClean Commodities Corp.'s Option Partner Azincourt Energy Delivers Geophysical Survey Results Generating Numerous High-Quality Targets at East Preston in the Athabasca Basin\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 7, 2018\n\n\n\nVANCOUVER, March 7, 2018 /CNW/ - Clean Commodities Corp. (TSX VENTURE: CLE)(FRANKFURT: A2ALYM)(\"Clean Commodities\" or the \"Corporation\") is pleased to announce that its option partner Azincourt Energy Corp. (\"Azincourt\") has completed HLEM and gravity geophysical surveys at the Corporation's East Preston Project, a highly prospective uranium project located in the western Athabasca Basin (Saskatchewan). The project is located near NexGen Energy Ltd.'s high-grade Arrow deposit hosted on the Rook-1 property and Fission Uranium Corp.'s Triple R deposit located within the PLS property. Numerous high-quality drill targets have been generated from the 50 line km surveys and detailed interpretation work is underway to generate targets for future drill testing incorporating the gravity survey results.\n\nPreston Uranium Project Claims Map:https://www.cleancommodities.com/preston-uranium-project\n\nClean Commodities and Skyharbour Resources Ltd. (\"Skyharbour\") entered into an Option Agreement (the \"Agreement\") with Azincourt whereby Azincourt has an earn-in option to acquire a 70% working interest in a portion of the Preston Uranium Project known as the East Preston Property. Under the Agreement, Azincourt has issued 4,500,000 listed common shares and will contribute cash and exploration expenditure consideration totaling up to $3,500,000 in exchange for up to 70% of the applicable property area over three years. Of the $3,500,000 in project consideration, $1,000,000 will be in cash payments to Clean Commodities and Skyharbour, as well as $2,500,000 in exploration expenditures over the three-year period. Azincourt has issued to Clean Commodities and Skyharbour each 2,250,000 common shares upfront for a total issuance of 4,500,000 common shares.\n\nHighlights of ...