Azincourt Uranium Inc. (TSXV:AAZ), and JV partner and operator, Fission 3.0 Corp (TSXV:FUU), have discovered two narrow intervals of anomalous radioactive mineralization in drill hole PLN14-019, at the Patterson Lake North project in the Athabasca Basin, Saskatchewan.
As quoted in the press release:
PLN14-019, which tested the prospective A1 electromagnetic (EM) conductor, has intersected two narrow intervals of anomalous and variable radioactivity with a maximum peak measured at 1450 cps over 0.5m occurring within a strongly clay altered graphitic pelitic gneiss. All three other holes (PLN14-016, 017, 018) intersected anomalous hydrothermal clay altered intervals, associated with structurally disturbed sections. This further highlights the partner’s confidence of the prospectivity and potential of the A1 conductor to host high-grade uranium mineralization.
Drilling Highlights include:
PLN14-019 (still in progress)
• A 7.5m section (191.5m – 199.0m) with peak measurements up to a 1450 cps
• Anomalous radioactivity occurs within a strongly clay altered and brecciated graphitic gneiss (183.0m to 198.8m)
Azincourt CEO Ted O’Connor, said:
Intersecting radioactivity in graphitic basement structures along the A1 EM conductor proves the fertility of this system and enhances the known prospectivity of the central PLN project area. We are seeing the right rocks with the right structure and alteration and now, radioactivity. We are excited to continue to test this area as well as the northern and southern target areas at PLN with the excellent team at Fission 3.0.
Get Our Expert Guide to Uranium Investing FREE!Download this FREE Special Report, Uranium Future Outlook: Uranium Price Forecasts and Top Uranium Stocks to Watch