Azincourt Energy (AAZ.V) is a Canadian-based resource exploration and development company focused on the alternative fuels/alternative energy sector. Their core projects are in the clean energy space, with uranium exploration projects in the prolific Athabasca Basin, Saskatchewan, Canada, and lithium/uranium projects on the Picotani Plateau, Peru.
Today, Azincourt Energy announced it has completed the winter 2024 diamond drill program at the East Preston Uranium Project in the Athabasca Basin. The 2024 drill program consisted of 1,086 meters of drilling in four diamond drill holes and commenced on March 29th 2024 ending on April 19th 2024.
The priority for the 2024 drill program was to follow up on the clay alteration zone and elevated uranium that was identified in the winter of 2023 with a focus on the area of transition between the K and H Zones.
Drilling in 2023 identified an illite clay alteration halo extending from the top of Zone K to Zone H as far as drill hole EP0053. Within this illite alteration zone, dravite and kaolinite are present in the north end of Zone H. Illite and kaolinite are both indicators of hydrothermal alteration typically found within alteration halos of unconformity uranium deposits. Dravite is a boron-rich clay which is found within the larger clay package proximal to uranium mineralization in the hydrothermal system. Both illite and dravite have been identified as being significant vectors for the 2022 JR Zone discovery by F3 Uranium approximately 60 km to the northwest of the East Preston project.
All holes intersected hydrothermal alteration; however, the best alteration was intersected in the last two holes of the program. Hole EP0059, completed in Zone K, was targeted to follow up on kaolinite and dravite clay intersections and elevated uranium from 2023 in holes EP0049 and EP0055. Patchy white clay alteration was intersected within several structural zones in the core.
A total of 53 geochemical samples were collected and sent to the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan for analysis. Results are expected in late June.
“The extension of the clay alteration halos in the K- and H- Zones is a very good sign,” commented VP Exploration Trevor Perkins. “Knowing the extents of the halos and the types of clay present are important steps in identifying and prioritizing follow-up drill targets. All indications are that we are vectoring in on something. The more we see, the better the team is getting at identifying which halos are the important ones to chase. A significant number of deposits in the Athabasca Basin have been found by identifying and chasing these types of clay alteration patterns,” continued Mr. Perkins.
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