Azincourt Uranium Inc. (TSXV:AAZ) its summer exploration program at the Patterson Lake North property in Canada’s Athabasca Basin. Results from the drill program suggest a uranium mineralized system at the property.
As quoted in the press release:
Assays confirm uranium mineralization in hole PLN14-019 (397 ppm Uranium over 0.5m within a broader 6.0m interval). Holes PLN14-020 and PLN14-021 have returned highly prospective results that warrant aggressive follow up on two separate conductor trends.
Azincourt president and CEO, Ted O’Connor, said:
The summer program has successfully proven the fertility of the central project area confirming shallow basement mineralization targets within 100-150 m of surface. At PLN, we continue to see the right geology, structure and alteration with excellent geochemistry and now, our first uranium mineralization. We are excited to start planning the next drill program at PLN alongside the excellent team at Fission 3.0.
Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.Connect here and don't miss their next catalyst!Learn More