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Azincourt Uranium (TSXV:AAZ) along with its joint venture partner and operator Fission 3.0 Corp, has announced a $1.45 million winter exploration program. The program will cover a seven hole drill program. The exploration comes after a successful summer drill program which tested a 700 meter mineralized corridor.
According to the press release:
Azincourt Uranium and its joint venture partner and operator, Fission 3.0 Corp, are pleased to announce a $1.45M winter 2015 exploration program to comprise a 3,250m 7 hole drill program and 35.2 line-km small loop time domain electromagnetic (SMLTEM) ground geophysics at their PLN project in Canada’s Athabasca Basin. The program follows a successful summer 2014 drill program, which identified and drill tested a mineralized corridor to approximately 700m in length.
Ted O’Connor, president and CEO, said:
The shallow basement uranium mineralization and positive results from the summer drilling combined with targets generated on the two new untested areas highlight PLN is an exciting project. The success and large resource identified by Fission Uranium at Paterson Lake South solidifies the area as one of the most compelling high-grade uranium regions in the world. Azincourt is committed to completing the Year 2 earn-in at PLN alongside our partner, Fission 3.0 and we are in the midst of financing efforts to fund the remaining $1.45 million required under the JV agreement, to earn 20% project interest in PLN.
Click here to read the Azincourt Uranium (TSXV:AAZ) press release
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