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Azincourt Uranium Inc. (TSXV:AAZ) and its joint venture partner, Fission Uranium Corp. (TSXV:FCU), announced that the summer exploration at Patterson Lake North (PLN) in the Athabasca Basin is expected to commence early August. The program is budgeted at $0.53 million and will consist of airborne VTEM max, ground Time Domain Electromagnetic (TDEM), and Magnetotellurics (MT) geophysical surveys.
As quoted in the press release:
The program, budgeted at $0.53m and expected to commence early August, will consist of airborne VTEM max and ground Time Domain Electromagnetic (TDEM) and Magnetotellurics (MT) geophysical surveys. The surveys will assist in identifying and prioritizing drill targets for the anticipated 2014 winter program.
The total budget for the summer and winter programs planned at PLN has been set at $1.5m, with approximately $1m to be spent on the winter drill program.
Azincourt Uranium Inc. President and CEO, Ted O’Connor, said:
The purpose of the summer program is to investigate specific key areas on the project identified from previous exploration and to establish drill targets for future drill testing. The PLN property is strategically located between the PLS high-grade uranium discovery to the south and the Shea Creek deposits to the north. There are a number of positive features on the regional and project scale that lead us to believe the property is highly prospective, and we are looking forward to the start of the program.
Click here to read the Azincourt Uranium Inc. (TSXV:AAZ) press release
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