- Azincourt Energy (AAZ) released results from the Winter 2022 drill program at its East Preston uranium project
- Drilling for the season resulted in 5,004.5 metres completed in 19 drill holes and a total of 420 samples were collected
- An analysis of the results shows uranium enrichment within the previously identified alteration zones
- Follow-up programs will aim to continue testing of the alteration system to identify the extents of the alteration and areas of fluid concentration and strong uranium enrichment
- Azincourt Energy Corp. is down 10.00 per cent, trading at C$0.045 per share at 2:10 pm ET
Azincourt Energy (AAZ) released results from the Winter 2022 drill program at its East Preston uranium project.
Drilling for the season resulted in 5,004.5 metres completed in 19 drill holes, and 420 samples were collected.
An analysis of the results shows uranium enrichment within the previously identified alteration zones.
The company’s VP, Exploration, Trevor Perkins called the analysis from drill core encouraging.
“The uranium enrichment within the alteration zones is a sign that uranium bearing fluids were present within the alteration system. We have the alteration system, and uranium moving around within it. The next step is identifying the areas of concentration within the system where significant uranium is dropping out.”
The company considers sample analysis results to be an important indicator that uranium bearing fluids were present within the alteration systems identified.
Follow-up programs will aim to continue testing the alteration system to identify the extent of the alteration and areas of fluid concentration and strong uranium enrichment.
Azincourt Energy is a 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-owned joint venture, the East Preston uranium project. It has optioned the Hatchet Lake uranium project, located on the edges of the Athabasca Basin, Saskatchewan.
Azincourt Energy Corp. is down 10.00 per cent, trading at C$0.045 per share at 2:10 pm ET.
