“We continue to be encouraged by the response we are seeing in the K and H Zones” said Azincourt’s VP, Exploration, Trevor Perkins. Identifying and upgrading the strong alteration zones is a significant step forward in identifying the key areas along the conductor trends where more attention is required. The first hole on the H-Zone has intersected an intense graphitic fault zone with hydrothermal alteration.Īzincourt considers the drilling results to date to be significant, as major uranium discoveries in the Athabasca Basin such as McArthur River, Key Lake, and Millennium were primarily the result of drill testing of strong alteration zones related to conductor features. One hole has been completed where the bend occurs additional drilling will continue to evaluate this bend. The H-Zone covers a change in orientation of the structural and conductive trend from north-south to southwest trending. Samples of intersected clay will be analyzed to confirm the clay species and significance with respect to the alteration model and potential proximity to mineralization. The decision to increase drilling in this area has been made and will be completed once pads have been prepared. Extensive clay alteration within the structural zone is an indication of upgraded prospectivity and vectoring towards potential mineralization. Drilling has intersected extensive structure and hydrothermal alteration, increasing the length of this alteration zone by 300 metres to 1,500 metres long. On the north end of the K-Zone, two holes have been completed. An evaluation of the structural data and geochemistry will be undertaken to aid in determining what additional follow-up and evaluation of the alteration zone in this area is warranted. Current results have not significantly improved the ranking of this area however, the identified alteration is still considered significant. The alteration zone is highlighted with intervals of hydrothermal hematite alteration and extensive evidence for a steep east-west fault cross-cutting the main northeast trending structure and graphitic lithologies. Extensive hydrothermal alteration and evidence of east-west cross-cutting structures have been intersected along the southern portion of the zone. The priority will be to continue to evaluate the alteration zones and elevated uranium identified in the winter of 2022 with a focus on the G, K and H Zones.ĭrilling on the northeast trending G-Zone was halted with three holes completed to follow up 2022 results. The program is now planned for approximately 3,000 metres of drilling in over twelve diamond drill holes. is executing the program under the guidance and supervision of Azincourt’s Vice President, Exploration, Trevor Perkins, P.Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic Exploration. Perkins.Īzincourt is conducting an extensive drill program for the winter of 2023, as reported in news releases dated December 13 th, 2022 and January 27 th, 2023. We need to focus in on the most responsive areas, and confirm what these anomalous areas have to offer,” continued Mr. “Finding the extents of this system and identifying where within that system the alteration fluids are focusing is very important. The previous program has shown that we have a significant alteration system present on the property” said Azincourt’s VP, Exploration, Trevor Perkins. “We are excited to be continuing where our 2022 program left off.
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