Azincourt Energy Corp. of Vancouver has provided an update on plans for the 2020 winter diamond drilling program at the 25,000+ hectare East Preston Uranium Project, located 50 km southeast of Patterson Lake, in the Western Athabasca Basin in northern Saskatchewan.
Drill target prioritization for Azincourt has now been completed, based on the compilation of results from the 2019 winter drill program, the 2018 and 2019 ground-based EM and gravity surveys, and property-wide helicopter-borne Versatile Time-Domain Electromagnetic (VTEM Max) and magnetic surveys.
The upcoming approximately $1.2 million drill program will focus on prospective targets in the Five Island Lakes area with 2000 to 2500 m (up to 15 holes) of diamond drilling at 8-to-10 pad locations. The majority of proposed holes will test multiple subparallel EM conductors (A-zone and B-zone conductor corridors), in an area of marked structural disruption. Portions of the A-zone were drilled during the 2019 winter campaign verifying that the conductor hosts significant graphite in strongly deformed (sheared) host rocks that offer both fluid pathways and a reducing host rock conducive to uranium deposition.
Initial drilling is also proposed for the Swoosh zone, a 7+ km long east-west structural lineament with strongly anomalous, spatially consistent geochemical anomalies (lake sediments, radon, soil) and coincident magnetic and gravity geophysical anomalies. Two holes are proposed for this area near the upstream terminus of the geochemical anomalies. This zone is located along strike — approximately 5 km southwest of the A-zone.