Azincourt Energy (AAZ.V) is currently advancing its permitting and drill targeting process to complete an additional 15 hole drill program on its East Preston uranium project in the Athabasca Basin. Azincourt plans to complete an additional 2,000-2,500 meters of drilling to test some of the high-priority drill targets that have been defined by previous exploration programs which included an airborne VTEM survey.
Three separate conductors have been defined on the property of which the A-conductor alone already has a strike length of 15 kilometers. The A-conductor also hosts several other linear conductors and according to Azincourt’s technical team the structural complexity of these conductors indicate they are more than just basement conductors and should be followed up on with a drill program. A first drill campaign that was completed last winter confirmed the lithology and graphitic structures that were encountered at East Preston were very similar to what was encountered at the Patterson Lake and Arrow zones.
As a reminder, Azincourt Energy is earning in a 70% stake in the project from Skyharbour Resources (SYH.V) and Clean Commodities Corp (CLE.V) which would both end up with a 15% stake each if/when Azincourt completes its earn-in program.
Disclosure: The author has no position in Azincourt and Clean Commodities, but has a long position in Skyharbour Resources which also is a sponsor of this website.
