- Azincourt Energy (AAZ) completes the 2023 drill program at its East Preston project in Saskatchewan
- The 2023 program drilled 13 drill holes to a depth of 3,066 metres
- Two drill rigs completed 12 drill holes and left one abandoned due to drilling difficulties
- In total 687 samples were collected with results expected to begin arriving in May
- Shares of Azincourt Energy (AAZ) are unchanged at C$0.04 as of 12:52 p.m. EDT on Tuesday
Azincourt Energy (AAZ) has completed the 2023 drill program at its East Preston Uranium project in Saskatchewan.
The company said in a press release 13 drill holes were completed to a depth of 3,066 metres.
Two drill rigs completed 12 drill holes and left one abandoned due to drilling difficulties.
In total, 687 samples were collected with results expected to begin arriving in May.
“We’re very pleased with the results of this year’s program so far,” Azincourt Energy CEO Alex Klenman said in a release. “Intersecting dravite and other clays, after the discovery of hematite alteration last winter, matches the very exploration model we’re following. This is what we wanted to see and needed to see. This is a very positive development and we’re excited to see the lab results.”
Despite some challenges, including inflationary costs that are impacting field work, the company said it is on par with last year’s winter program.
The company initially entered the program with a budget for 5,000 metres, however, the increase in costs reduced the overall meterage.
Moving forward, Klenman said the company is looking to potential summer work.
Shares of Azincourt Energy (AAZ) are unchanged at C$0.04 as of 12:52 p.m. EDT on Tuesday.