Azincourt Energy Announces Commencement of Work Program on East Preston Project JV
TSX VENTURE: AAZ
www.azincourtenergy.com
Mr. Alex Klenman reports:
VANCOUVER, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. ("Azincourt" or the "Company") (TSXV:AAZ) is pleased to announce the commencement of the previously announced exploration work program at the Company's East Preston uranium project with option partners Skyharbour Resources Ltd. and Clean Commodities Corp. The East Preston project is a highly prospective uranium project located in the western Athabasca Basin, Saskatchewan, Canada.
East Preston Program highlights
Extensive re-interpretation of historical helicopter-borne VTEM and ground geophysical data by expert geophysical consultants highlights untested conductor systems and corridor trendsGround geophysical program planned to refine drill targets over prospective conductor trendsGrid establishment, Horizontal Loop Electromagnetic (HLEM) and Gravity surveys to be usedTemporary Camp & Exploration Work permits received from Saskatchewan Ministry of Environment and contractors are mobilizing to start the work programEast Preston Project 2017 Geophysical Program
Azincourt engaged a highly experienced geophysical consultant, Mr. Lawrence Bzdel, PGeo, to interpret the extensive historical airborne and ground geophysical data set and build on the already rich, previous work. The re-interpretation work has identified and prioritized numerous conductor trends, with the highest priorities being the A, B and D trends, respectively.
Trend A is a very long, wide N to NE trending conductive corridor with an observed flexure bound and crosscut by interpreted E-W cross-faults. Trend B is a long linear conductor system coincident with an interpreted NE trending fault. Trend D is a NNW trending conductor system parallel to an interpreted fault.
Grid establishment will precede the planned surveys. The grid lines will be perpendicular to the interpreted VTEM conductive trends. The HLEM and Gravity surveys will consist of 50-line km of each method.
The HLEM data will be collected with a 200 m Transmitter-Receiver separation, and 50 m station intervals. The survey is designed to accurately identify multiple conductor systems in this shallow depth to basement environment. Unconformity-related uranium deposits are often associated in proximity to basement conductive trends, and represent a first order criteria for discovery.
The Gravity survey will record measurements at 50 m station intervals. Subtle gravity low anomalies can highlight areas of alteration and structural disruption. Gravity highs may represent basement topography, which are also associated with unconformity-related uranium deposits.
This initial ground geophysical program is expected to yield drill targets within previously untested corridors. The Company expects to generate enough targets for several drill programs.
"We are happy to get to work at East Preston, the timing is excellent," said Alex Klenman, president and CEO. "With the uranium sector poking it's head out of an extended hibernation, we feel that along with the addition of lithium and other critical clean energy elements to our expanding project portfolio, Azincourt is poised to continue its growth pattern into 2018 and beyond," continued Mr. Klenman.
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the company by Ted O'Connor, P.Geo. a director of Azincourt Energy Corp., as well as a qualified person.
