Azincourt Energy Corp(TSX: V.AAZ, OTCQB: AZURF, Forum) stated on Wednesday that permits have been received for the upcoming 2020 winter diamond drilling program at its East Preston uranium project. The Company said the road has opened and the drill rig is expected to begin mobilization sometime this week. Next week, the push to the first drilling area will be underway with the commencement of the drill program scheduled to begin later in the month. The drill program is budgeted for $1.2 million (CDN) and will focus on prospective targets in the Five Island Lakes area. Up to 15 holes of diamond drilling at depths ranging from 2000 to 2500 metres across 10 pad locations.
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AAZ completed drill target prioritization on December 4th, 2019based on results from ground-based EM & gravity surveys, and property-wide helicopter-borne Versatile Time-Domain Electromagnetic (VTEM Max) and magnetic surveys.The 25,000+ hectare East Preston uranium project, located 50km southeast of Patterson Lake, in the Western Athabasca Basin, northern Saskatchewan, Canada.
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