Azincourt Energy Corp announced it began its 2021 winter exploration program at the East Preston Uranium Project, located in Saskatchewan, Canada. According to a company’s press release, it already mobilized its drill rig and crew on site.
Possibly of your interest: Capital Power announces the appointment of Jill Gardiner as Chair of the Board
Azincourt Energy starts 2021 winter exploration program
Earlier today, Azincourt Energy Corp., a partner company of Skyharbour Resources Ltd., announced it began its 2021 winter exploration program. Therefore, the company already mobilized its crew at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada.
Moreover, the 2021 exploration program will consist of a minimum 10–12-hole, 2000–2500-meter diamond drill campaign. Indeed, drilling activities are set to begin this weekend.
Furthermore, TerraLogic Exploration and Bryson Drilling are the contractors to execute the drill program. In fact, Azincourt’s Exploration Manager, Trevor Perkins, P.Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager, will conduct, guide, and supervise the project with TerraLogic Exploration.
Moreover, the project will target its 2021 drill program, which comprehends the conductive corridor from the A-Zone through to the G-Zone.
The project is also considering a compilation of results from the 2019 and 2020 drill programs, 2018 through 2020 ground-based EM and gravity surveys, and property-wide VTEM and magnetic surveys.
Reception and forecasts
Therefore, the 2020 HLEM survey indicates multiple prospective conductors and structural complexity along this corridor’s eastern edge. Thus, drilling in the A zone suggests this structural corridor hosts significant graphitic packages within strongly sheared and faulted host lithologies.
Furthermore, it indicates an environment conducive to the fluid movement and uranium deposition. Hence, drilling activities will start in the AB-Zone and continue southwest along the G-Zone.
“Naturally, we’re eager to get the drill program underway,” said Alex Klenman, President and CEO of Azincourt.
“The most exciting part of what we do is drilling. So, we’re only 12 holes into East Preston, and to date, our data suggests we’re getting closer to a potential discovery. Furthermore, the data is strong. So, this coincidental layering creates powerful targets. However, we have dozens of targets to test still, and we’re really only scratching the surface,” continued Mr. Klenman.
Moreover, Azincourt discovered three prospective conductive, low magnetic signature corridors on the property. For instance, the three different halls have a total strike length of over 25 km, each with multiple EM conductor trends identified.
Furthermore, ground prospecting and sampling work have also identified outcrop, soil, biogeochemical, and radon anomalies; these are key pathfinder elements for unconformity uranium deposit discovery.
According to the Company, the East Preston Project has multiple long linear conductors with flexural changes in orientation. Besides, it has offset breaks in the vicinity of interpreted fault lineaments. However, these are not just simple basement conductors; they are clearly upgraded/enhanced targets because of the structural complexity.