- Mobilization of equipment and crew to begin this week
- Clay alteration & elevated uranium targets
Winter 2024 Program
The Company is undertaking a drill program for the winter of 2024, consisting of up to 1,500 meters of drilling in a maximum of five (5) diamond drill holes. The priority will be to follow up on the clay alteration zone with elevated uranium that was identified in the winter of 2023 with a focus on the area of transition between the K and H Zones (Figure 2).
Drilling in 2023 identified an illite clay alteration halo extending from the top of Zone K to Zone H as far as drill hole EP0053. Within this illite alteration zone, dravite and kaolinite are present in the north end of Zone H. Illite and kaolinite are both indicators of hydrothermal alteration typically found within alteration halos of unconformity uranium deposits. Dravite is a boron-rich clay which is found within the larger clay package proximal to uranium mineralization in the hydrothermal system. Both illite and dravite have been identified as being significant vectors for the 2022
The program will utilize one helicopter supported drill rig and be based out of a local contractor camp, with reduced disturbance due to the lack of an access road. Drill and crew mobilization is underway with drilling expected to commence by the last week of March. Drilling is anticipated to be complete by mid-April. The planned budget for this program is
“Following up the clay alteration in the K- and H- Zones is a high priority”, commented VP Exploration
East Preston Targets
The primary target area on the
Drilling has confirmed that identified geophysical conductors comprise structurally disrupted zones that are host to accumulations of graphite, sulphides, and carbonates. Hydrothermal alteration, anomalous radioactivity, and elevated uranium have been demonstrated to exist within these structurally disrupted conductor zones.
Permitting and Community Relations
Permits are in hand to conduct exploration activities at the
Figure 1: East Preston Project Location –
Figure 2: 2024 Target areas at the
About
Azincourt controls a majority 86.1% interest in the 20,000+ hectare
The targets are basement-hosted unconformity related uranium deposits similar to NexGen’s Arrow deposit and Cameco’s
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by
About
Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects. The Company has been a uranium explorer for over a decade and is currently active at its majority-owned joint venture
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
“Alex Klenman”
Neither the
This press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.
For further information please contact:
Tel: 604-638-8063
info@azincourtenergy.com
1012 – 1030-
www.azincourtenergy.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6e499f4f-d6b5-4d52-b170-5db2a1079e63
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Figure 1: East Preston Project Location – Western Athabasca Basin , Saskatchewan, Canada
Figure 1: East Preston Project Location – Western Athabasca Basin , Saskatchewan, Canada
Figure 2: 2024 Target areas at the East Preston Uranium Project . Primary target area of illite, dravite and kaolinite clay alteration highlighted in red.
Figure 2: 2024 Target areas at the East Preston Uranium Project . Primary target area of illite, dravite and kaolinite clay alteration highlighted in red.
2024 GlobeNewswire, Inc., source