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Dixie Gold Inc. Announces Commencement of Drill Program at East Preston Project
Dixie Gold Inc. Announces Commencement of Drill Program at East Preston Project Ca...
About this update from Dixie Gold Inc.
[{"type":"text","content":"\n\n\n\nDixie Gold Inc. Announces Commencement of Drill Program at East Preston Project\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, Feb. 4, 2020\n\n\n\nVANCOUVER, Feb. 4, 2020 /CNW/ - Dixie Gold Inc. (TSX VENTURE: DG) (\"Dixie Gold\" or the \"Corporation) is pleased to announce that its project optionee, Azincourt Energy Corp. (\"Azincourt\"), has commenced drilling at the 25,000+ hectare East Preston Uranium Project, located 50 km southeast of Patterson Lake, in the Western Athabasca Basin of northern Saskatchewan, Canada. \nPreston Uranium Project Map:https://www.dixiegold.ca/preston-media\nDrilling has begun at pad EP20PADB, which is located along the northern part of the A-Zone conductor corridor.  One hole in the abbreviated 2019 drill campaign targeted a nearby parallel conductor.  Hole EP19003 successfully intersected a graphite-pyrite bearing shear zone that explains the geophysical conductors determined by previous ground and airborne EM surveys. The 2019 results validate the geophysical interpretation in the Five Island Lakes project area and were paramount in determining the target priority sequence for the 2020 program.\nDrill target prioritization for the current campaign is based on a detailed compilation of results from the 2019 winter drill program and 2018 and 2019 ground-based EM and gravity surveys, and property-wide helicopter-borne Versatile Time-Domain Electromagnetic (VTEM™ Max) and magnetic surveys.\nThe approximately $1.2 million drill program is focused on prospective targets in the Five Island Lakes area with 2000m to 2500m in 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 hos...