Azincourt completes airborne survey at East Preston
2021-09-07 10:44 ET – News Release
Also News Release (C-SYH) Skyharbour Resources Ltd (3)
Mr. Alex Klenman of Azincourt reports
AZINCOURT ENERGY COMPLETES RADIOMETRIC SURVEY A UPDATES PLANS FOR THE EAST PRESTON URANIUM PROJECT
Azincourt Energy Corp. has completed the airborne radiometric survey and has provided an update on preparations for the coming 2021 to 2022 drill program at the East Preston uranium project, located in the western Athabasca basin, Saskatchewan, Canada.
The primary target area for the 2021 to 2022 program continues to be the conductive corridor from the A zone through to the G zone. The selection of this trend is based on a compilation of results from the 2018 through 2020 ground-based 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 completed in December indicates multiple prospective conductors and structural complexity along the eastern edge of this corridor.
Airborne radiometric survey complete
Terralogic Exploration Inc. was contracted to facilitate an airborne radiometric survey over the previously unsurveyed southern portion of the property and conduct field investigations of resulting anomalies. Special project Inc. (SPI) of Calgary, Alta., conducted the survey using a fixed wing aircraft to complete the airborne radiometric survey, which consisted of 2,514 kilometres of survey lines flown at a low minimum altitude and 50-metre line spacing to ensure good data collection and a high survey resolution. The survey commenced on Aug. 4 and was completed by Aug. 14. Preliminary results have been received and ground-based follow-up of identified anomalies is currently under way.
An airborne radiometric survey uses a gamma ray scintillometer mounted on an airborne platform to measure and map the natural radiation emitted by the rocks and soil the aircraft is flying over. Gamma radiation occurs from the natural decay of elements such as uranium, thorium and potassium. Locations that have a higher radiation signature (anomalies) than the normal values for the surrounding area (background) would then be examined by crews on the ground for the potential presence of radioactive bedrock if there is not much glacial till cover, or boulders in the till that could be traced back to a source. Many uranium deposits in the Athabasca basin, including the nearby Triple-R deposit, have been found by following trails of radioactive boulders in the glacial till back to their source.
“The radiometric survey coverage has further highlighted the G zone and the Q zone to the east, reinforcing our decision to focus on these conductive packages at this stage of the project. I’m eager to see what boots on the ground may yet show based on these results,” said vice-president of exploration Trevor Perkins.
Updated exploration plans
The planned early fall diamond drilling program to complete approximately 1,000 metres of drilling remaining from the shortened winter 2021 program has been rescheduled after consultation with local communities and contractors. As a result, this metrage will be used to further expand the coming extensive winter drill program. This program will now consist of approximately 7,000 metres in 30 to 35 drill holes. Preparations are set to begin in early December. Target selection is continuing and will be refined based on the ground-based follow-up of anomalies identified from the recently completed airborne survey.
“We don’t want our activities to negatively impact traditional activities by members of the local communities in the area at this critical time of year. There are a number of concerns, including the impact of this summer’s heightened fire conditions on the environment,” said Mr. Perkins. “In consideration of this, we made the decision in consultation with the community to push the scheduled 1,000 metres out 90 days into an expanded winter program, which is due to commence in December. We are looking forward to the upcoming drill campaign,” continued Mr. Perkins.
“The radiometric survey has successfully increased our potential target inventory at East Preston,” said Alex Klenman, president and chief executive officer. “In addition, in a matter of weeks we’ll be starting the largest drill campaign yet at East Preston. We are heading towards discovery, with all previous work programs contributing critical data and creating what is now a very compelling exploration case. With renewed life in the sector, our timing appears to be really good. The next couple of years could be very exciting for both the company and our shareholders,” continued Mr. Klenman.
Permits and fuinancing are in place to complete all the planned work through the winter of 2022, and consultations and information sessions with local communities will continue throughout.
About East Preston
Azincourt controls a majority 70-per-cent interest in the 25,000-plus hectare East Preston project as part of a joint venture agreement with Skyharbour Resources Ltd. 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 majority controlled 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.
We seek Safe Harbor.
Related Posts
Tags
Share This
