Azincourt Energy (AAZ) reports that both drill rig and crew have been mobilized to begin the 2021 winter exploration program at the East Preston Uranium Project. The project is located in the western Athabasca Basin, Saskatchewan.
The 2021 exploration program will be a minimum 10-12 hole, 2000-to-2500 meter diamond drill campaign. Drilling is anticipated to begin this weekend.
TerraLogic Exploration and Bryson Drilling have been contracted to execute the drill program under the guidance and supervision of Azincourt’s Exploration Manager, Trevor Perkins, P.Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic Exploration.
As previously reported, targeting for the 2021 drill program is the conductive corridor from the A-Zone through to the G-Zone.
The 2020 HLEM survey completed in December indicates multiple prospective conductors and structural complexity along the eastern edge of this corridor.
Drilling in the A zone suggests this structural corridor hosts significant graphitic packages within strongly sheared and faulted host lithologies, indicating an environment conducive to fluid movement and uranium deposition.
Drilling will start in the AB-Zone and continue southwest along the G-Zone.
Alex Klenman, President and CEO, commented that,
“Naturally, we’re eager to get the drill program underway. The most exciting part of what we do is drilling. We’re only 12 holes into East Preston, and to date the data generated is suggesting we’re getting closer to a potential discovery."
Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements.
Azincourt Energy (AAZ) opened trading at C$0.14 per share.