Azincourt hires contractors for East Preston drilling
2021-11-17 11:13 ET – News Release
Also News Release (C-SYH) Skyharbour Resources Ltd (3)
Mr. Alex Klenman reports
AZINCOURT ENERGY UPDATES UPCOMING DRILL PROGRAM AT THE EAST PRESTON URANIUM PROJECT, SASKATCHEWAN
Azincourt Energy Corp. has provided an update on preparations for the winter 2022 exploration program at the East Preston uranium project, located in the western Athabasca basin, Saskatchewan, Canada.
The primary target area for the 2022 program continues to be the conductive corridors from the A-zone through to the G-zone (A-G trend) and the K-zone through to the Q-zone (K-Q trend). The selection of these trends is based on a compilation of results from the 2018 through 2020 ground-based EM (electromagnetic) and gravity surveys, property-wide VTEM (versatile time domain electromagnetic) and magnetic surveys, and the 2019 through 2021 drill programs, the 2020 HLEM survey indicates multiple prospective conductors and structural complexity along these corridors.
The 2019 to 2021 drilling programs on the A-G trend confirmed that geophysical conductors comprise structurally disrupted zones that are host to accumulations of graphite, sulphides and carbonates. Anomalous radioactivity has been demonstrated to exist within these structurally disrupted conductor zones. The 2022 drilling program will target similar structurally disrupted zones prioritized on the presence and strength of corresponding electromagnetic, magnetic and gravity geophysical anomalies.
Winter 2022 diamond drilling program
TerraLogic Exploration Inc. has been contracted to facilitate and execute a planned diamond drilling program, which will consist of a minimum of 6,000 metres of drilling in 30 to 35 drill holes. Drilling will focus on the A-G and K-Q trends, commencing in the G-zone where the 2021 drill program ended. The program will continue to test the G-zone to the south and then move to test the K-Q trend. The program may be modified as results warrant. Preparations are well under way and contractors for drilling, camp services and roadwork have been selected. Opening of the 60-kilometre winter road to access the property and campsite is expected to commence by the end of November, with camp construction in late December and into early January. Drilling is anticipated to commence in early January utilizing two diamond drill rigs to complete the program.
“We are excited to return to the property and continue drilling where our aborted 2021 program left off,” said vice-president, exploration, Trevor Perkins. “This will be the largest program to date on the East Preston project. The A-G and K-Q trends are at the point now where drilling is the best way to test our ideas, focus in on the most responsive areas and confirm what these trends have to offer,” continued Mr. Perkins.
Permitting and community engagement
Permits are in place to complete all the planned work through the winter of 2022. Azincourt has been engaged in regular meetings with the Clearwater River Dene Nation and other rights holders to ensure that concerns of the local communities are addressed. Azincourt looks forward to a continued close working relationship with CRDN and other rights holders to ensure that any potential impacts and concerns are addressed and that the communities can benefit from activities in the area.
About East Preston
Azincourt controls a majority interest (72 per cent) in the 25,000-plus-hectare East Preston project as part of a joint venture agreement with Skyharbour Resources and Dixie Gold. Three prospective conductive, low-magnetic-signature corridors have been discovered on the property. The three distinct corridors have a total strike length of over 25 km, each with multiple EM conductor trends identified. Ground prospecting and sampling work completed to date has identified outcrop, soil, biogeochemical and radon anomalies, which are key pathfinder elements for unconformity uranium deposit discovery.
The East Preston project has 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.
The targets are basement-hosted unconformity-related uranium deposits similar to NexGen’s Arrow deposit and Cameco’s Eagle Point mine. East Preston is near the southern edge of the western Athabasca basin, where targets are in a near-surface environment without Athabasca sandstone cover; therefore they are relatively shallow targets but can have great depth extent when discovered. The project ground is located along a parallel conductive trend between the PLS-Arrow trend and Cameco’s Centennial deposit (Virgin River-Dufferin Lake trend).
Qualified person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Mr. Perkins, PGeo, vice-president, exploration, of Azincourt Energy, and a qualified person as defined by National Instrument 43-101.
About Azincourt Energy Corp.
Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy/fuel projects, including uranium, lithium and other critical clean energy elements. The company is currently active at its joint venture East Preston uranium project in the Athabasca basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani plateau in southeastern Peru.
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