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Azincourt Energy (TSXV:AAZ) provides summer exploration update

Mining
TSXV:AAZ
06 July 2021 10:15 (EDT)

Source: Azincourt Energy

Azincourt Energy (AAZ) has announced updates to its upcoming summer exploration program at the East Preston uranium project.

East Preston is located in the western Athabasca Basin in Saskatchewan and is operated as a joint venture with Skyharbour Resources (TSXV:SYH) and Dixie Gold.

Ground prospecting and sampling work completed to date has identified outcrop, soil, biogeochemical, and radon anomalies, which are key pathfinder elements for a uranium deposit discovery.

Based on results from surveys completed in 2018 and 2020, Azincourt has selected a conductive corridor from the A-Zone through to the G-Zone as its primary target area for the 2021 summer program.

In this corridor, recent drilling encountered elevated uranium levels in three of the five holes drilled.

In addition to previously planned work, the company has contracted Terralogic Exploration Inc. to complete an airborne radiometric survey over the southern portion of the property.

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.

The airborne survey is expected to take place within the next few weeks and will take approximately one week to complete.

Trevor Perkins, Azincourt’s exploration manager, commented on the updated exploration program.

“The additional radiometric survey coverage will help us ensure that we are focusing on the best sections of the conductive trends we have identified,” he said. “We are eager to add these results to our data package to make sure that the highest quality targets are tested first.”

The upcoming exploration program will allow the company to further refine targets for its late summer/early fall diamond drill program.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy and fuel projects.

Azincourt Energy Corp. (AAZ) opened trading at $0.07 per share.

Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin Saskatchewan
Figure 2: 2021 Drill Target areas at the East Preston Uranium Project
Figure 3: 2021 Radiometric survey coverage at East Preston Uranium Project.
Figure 4: Project Location – Western Athabasca Basin, Saskatchewan, Canada
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