- Azincourt Energy Corp. (AAZ) has provided an update on plans for its upcoming fall and winter field season at the East Preston and Hatchet Lake projects
- The company is planning an extensive program which will consist of about 6,000 metres of drilling in 20+ diamond drill holes on the East Preston Project
- On the Hatchet Lake Project, the drill program is expected to consist of up to 1,500 metres in 8-10 diamond drill holes
- The estimated budget for the Hatchet Lake program will be a minimum of C$1 million to meet earn-in obligations of the option agreement with ValOre Metals
- Azincourt Energy is a resource company focused on alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements
- Azincourt Energy Corp. was up 9.091 per cent, trading at $0.06 at 2:04 PM ET
Azincourt Energy Corp. (AAZ) has updated plans for the upcoming fall and winter field season at the East Preston and Hatchet Lake projects.
The projects are located in the Athabasca Basin, Saskatchewan.
The company holds a majority 72.8-per-cent interest in the 25,000+ hectare East Preston project as part of a joint venture agreement with Skyharbour Resources and Dixie Gold.
It has discovered three prospective conductive, low-magnetic signature corridors on the property.
The company is planning an extensive drill program for the fall and winter of 2022-2023, consisting of about 6,000 metres of drilling in 20+ diamond drill holes.
The focus will be to continue to assess the alteration zones and elevated uranium identified in the winter of 2022.
Mobilization is expected to start in December, while drilling will begin in January 2023.
Similarly, Azincourt entered into an option agreement with ValOre Metals Corp. on November 9th, 2021, to earn up to a 75-per-cent interest in the Hatchet Lake property.
The first program the company is proposing for the project will comprise ground reconnaissance to verify targets, ground geophysics (Horizontal Loop Electromagnetic HLEM) to verify conductor locations, and a helicopter-supported diamond drill program to be conducted in the fall of 2022.
The drill program is expected to consist of up to 1,500 metres in 8-10 diamond drill holes.
Three target areas have been selected on the Hatchet Lake property for initial work.
The estimated budget for this program will be a minimum of C$1 million to meet earn-in obligations of the option agreement with ValOre Metals. Groundwork is anticipated to commence in September with drilling to take place in October and into November.
“Hatchet Lake is a tremendous second project for Azincourt,” said CEO, Alex Klenman.
“We already know high-grade mineralization is present, and we feel very strongly that based on what we know today, compared to what was known when the property was first explored, we have a very compelling opportunity for discovery,” he added.
The permitting process is underway to obtain authorization for the fall and winter 2022-2023 drill programs on both projects.
Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements.
Azincourt Energy Corp. was up 9.091 per cent, trading at $0.06 at 2:04 PM ET.