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Skyharbour’s Partner Company Azincourt Energy Provides Update on Exploration and Drilling Plans for the East Preston Uranium Project
Vancouver, BC, July 28, 2022 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) partner company Azincour
About this update from Skyharbour Resources Ltd.
[{"type":"text","content":" Vancouver, BC, July 28, 2022 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) partner company Azincourt Energy (“Azincourt) is pleased to provide an update on its plans for its fully funded upcoming fall and winter field season at the East Preston Project in the Athabasca Basin, Saskatchewan, Canada. Project Location – Western Athabasca Basin, Saskatchewan, Canada: The primary target area on the East Preston Project is the conductive corridors from the A-Zone through to the G-Zone (A-G Trend) and the K-Zone through to the H and Q-Zones (K-H-Q Trend). Drilling to date has confirmed that identified geophysical conductors comprise structurally disrupted zones that are host to accumulations of graphite, sulphides, and carbonates. Hydrothermal alteration, anomalous radioactivity, and elevated uranium have been demonstrated to exist within these structurally disrupted conductor zones. Azincourt is planning an extensive drill program for the fall and winter of 2022-2023. The planned program will consist of approximately 6,000 metres of drilling in 20+ diamond drill holes. The priority will be to continue to evaluate the alteration zones and elevated uranium values identified in the winter of 2022 and reported in news releases dated March 29th, 2022, and July 13th, 2022. The south end of the G-Zone responded well in the 2022 drill program. The structure and alteration within holes EP0030 and EP0037 warrant additional drilling to confirm target enhancement for follow-up in this area. Drilling within the K-Zone will focus on expanding on the weak clay alteration and elevated uranium identified in hole EP0035. This is the only zone where alteration and structure resulted in poor ground conditions preventing completion of a drill hole. This is indicative of strong structure and alteration which are both good signs for possible uranium deposition. The alteration zone is still open along strike in both directions north and south. Within the H-Zone, drilling will continue to evaluate the alteration zone and identify priority targets for additional focus. The thick structural package identified in this zone is a promising sign for extensive ground preparation to allow fluid pooling and uranium deposition. Holes will also be drilled between the H- and K- Zones to seek continuity between ...