Eyes on AAZ.v ahead of Fall/Winter drilling. One uranium project has me very excited right now, and that is the East Preston Project in the Athabasca Basin. The project is currently being explored by partner companies Skyharbour Resources (TSXV: SYH) and Azincourt Energy (TSXV: AAZ).
Winter 2022 drilling at East Preston yielded results that indicated elevated levels of uranium across multiple alteration zones. This data will allow SYH and AAZ to further hone in on the areas of highest uranium enrichment at the project in the upcoming Fall/Winter drill campaign.
An extensive 6000m drill program is planned and mobilization is anticipated to begin in December, with drilling expected to commence in January 2023.
Both companies’ shares have seen a rebound from recent lows and are currently trading along the 50MA. This diversion from recent bearish trajectory leads me to believe that the next few months are worth waiting out until drills hit the ground this winter.
SYH.v is currently trading at $.35, valued at $47.84 million.
https://ceo.ca/@globenewswire/skyharbours-partner-company-azincourt-energy-provides-df840