- Azincourt Energy (AAZ) has received the results of its recent diamond drill program at the East Preston uranium project in Saskatchewan
- The company is pleased to report that anomalous and elevated uranium levels were encountered in three of the five holes completed
- Current plans for the summer of 2021 include an airborne radiometric survey, a field mapping and prospecting program, and a diamond drilling program
- Azincourt Energy is a Canadian-based exploration stage company
- Azincourt Energy Corp. (AAZ) is up 7.14 per cent, trading at $0.075 per share
Azincourt Energy (AAZ) has received the results of its recent diamond drill program at the East Preston uranium project in Saskatchewan.
Only five of the planned drill holes were completed, as the winter 2021 drill program was cut short due to an earlier than expected spring break-up.
The company is pleased to report that anomalous and elevated uranium levels were encountered in three of the five holes completed.
- Drill hole EP21004 intersected several zones of breccia and graphitic faulting and identified elevated uranium over a graphitic breccia;
- EP21005 intersected several zones of shearing and graphite. Elevated uranium, boron, and base metals were identified, associated with zones of graphitic shearing; and
- Hole EP21003 intersected a wide fault zone with graphitic gouge and evidence for crosscutting structures. Sample analysis indicates that base metal pathfinder minerals are elevated, indicating the presence of uranium.
“These results show that we are on the right track,” said exploration manager Trevor Perkins. “The elevated base metals and uranium show that we have uranium-bearing fluids in the area. These results will help us vector towards the sweet spot.”
Alex Klenman, President and CEO added,
“Results from each of the limited drill programs we’ve completed to date at East Preston are more suggestive and more compelling.”
“We’re preparing for a substantial amount of drilling in the next eight months,” he added, “and look forward to ramping up our exploration efforts significantly in the months ahead.”
Current plans for the summer of 2021 include an airborne radiometric survey, a field mapping and prospecting program, and a diamond drilling program.
In addition, planning is underway for an extensive 6,000-meter program consisting of 25-30 drill holes to be completed in the winter of 2021-2022.
Azincourt Energy is a Canadian-based exploration stage company.
Azincourt Energy Corp. (AAZ) is up 7.14 per cent, trading at $0.075 per share as of 1:04 pm ET.
