The Conversation (0)
Azincourt Uranium Inc. (TSXV:AAZ) and JV partner and operator Fission 3.0 Corp (TSXV:FUU) completed its winter drill program designed to test the A1, A1B and A3 EM conductors. Drilling encountered a lithological setting with structural complexity similarly analogous to Fission Uranium’s Patterson Lake South project.
As quoted in the press release:
- Approximately 1988.3m of drilling was completed in seven holes testing 3 separate basement electromagnetic (EM) conductors: four holes were completed to target depth, one hole was partially completed before being lost due to technical difficulties and 2 attempts were abandoned in thick overburden.
- Drilling encountered a lithological setting with structural complexity similarly analogous to that of the PL-3B conductor and its association with uranium mineralization at Fission Uranium’s PLS project. Although only limited radioactivity was encountered, encouraging basement lithology, alteration and structural features confirm the high prospectivity of the target areas. Further drilling is required to evaluate these target areas.
- Drilling of the shallow southern lake targets was not undertaken as a result of unsuitable winter ice conditions. However anomalous radon in water survey results confirm the high prospectivity of these targets and additional Squid EM surveys underway in the Broach Lake area.
- Azincourt and its JV Partner Fission 3.0 are sufficiently encouraged with the winter results to ensure funding is in place for phase 2 of the ‘earn-in’. The plan will be to continue follow up drilling those targets identified, and confirmed on land through the remainder of this year, and refine the lake targets for testing next winter.
Azincourt President and CEO, Ted O’Connor, said:
The results from the winter program at PLN have increased our knowledge and understanding of the geology at PLN. All three conductors tested remain highly prospective. The 2014 radon and geophysical survey results and all exploration work to date, have set the project up with an excellent and large target inventory over the entire project area. Azincourt is extremely encouraged with the project prospectivity and will be continuing to fund on-going exploration work at PLN. The immediate plans are to use the drill, radon and geophysical survey data to prioritize new drill targets for testing during the next drill program.
Click here to read the Azincourt Uranium Inc. (TSXV:AAZ) press release
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