Azincourt Energy Planning Geophysics Program at East Preston Project, Athabasca Basin
Azincourt Energy (OTCQB: AZURF) has announced plans for exploration activities at its East Preston uranium project in Saskatchewan's Athabasca Basin. The company will conduct a geophysical program in fall 2025, including a potential radon flux survey of the K- and H-Zones, followed by a winter 2026 diamond drilling program of up to 1,500 meters across 5 holes.
The planned budget for these programs is C$1.7-2 million. The project, in which Azincourt holds an 86.5% interest, spans 21,000 hectares and features three conductive corridors with a total strike length exceeding 25 km. The exploration will focus on following up on clay alteration zones with elevated uranium identified in 2023/2024.
The East Preston project targets basement-hosted unconformity uranium deposits, similar to NexGen's Arrow deposit and Cameco's Eagle Point mine. The company has secured permits through summer 2026 and maintains active engagement with local communities, particularly the Clearwater River Dene Nation.
Azincourt Energy (OTCQB: AZURF) ha annunciato piani per attività di esplorazione presso il suo progetto di uranio East Preston nel bacino di Athabasca, in Saskatchewan. L'azienda condurrà un programma geofisico nell'autunno del 2025, inclusa una potenziale indagine sul flusso di radon nelle zone K e H, seguita da un programma di perforazione a diamante nell'inverno del 2026 di fino a 1.500 metri su 5 fori.
Il budget previsto per questi programmi è di C$1,7-2 milioni. Il progetto, di cui Azincourt detiene una partecipazione dell'86,5%, si estende su 21.000 ettari e presenta tre corridoi conduttivi con una lunghezza totale di oltre 25 km. L'esplorazione si concentrerà sul follow-up delle zone di alterazione dell'argilla con uranio elevato identificate nel 2023/2024.
Il progetto East Preston mira a depositi di uranio ospitati nel basement, simili al deposito Arrow di NexGen e alla miniera Eagle Point di Cameco. L'azienda ha ottenuto i permessi fino all'estate del 2026 e mantiene un attivo coinvolgimento con le comunità locali, in particolare con la Clearwater River Dene Nation.
Azincourt Energy (OTCQB: AZURF) ha anunciado planes para actividades de exploración en su proyecto de uranio East Preston en la cuenca de Athabasca, Saskatchewan. La empresa llevará a cabo un programa geofísico en el otoño de 2025, que incluye una posible encuesta de flujo de radón en las zonas K y H, seguida de un programa de perforación diamantina en invierno de 2026 de hasta 1,500 metros en 5 pozos.
El presupuesto previsto para estos programas es de C$1.7-2 millones. El proyecto, en el que Azincourt tiene un interés del 86.5%, abarca 21,000 hectáreas y presenta tres corredores conductivos con una longitud total de más de 25 km. La exploración se enfocará en el seguimiento de zonas de alteración de arcilla con uranio elevado identificadas en 2023/2024.
El proyecto East Preston tiene como objetivo depósitos de uranio alojados en el basement, similares al depósito Arrow de NexGen y a la mina Eagle Point de Cameco. La empresa ha asegurado permisos hasta el verano de 2026 y mantiene un compromiso activo con las comunidades locales, especialmente con la Nación Clearwater River Dene.
Azincourt Energy (OTCQB: AZURF)는 사스카추완의 아타바스카 분지에 있는 East Preston 우라늄 프로젝트에서 탐사 활동 계획을 발표했습니다. 이 회사는 2025년 가을에 K- 및 H-존에 대한 잠재적인 라돈 유출 조사와 함께 지구물리학 프로그램을 진행할 예정이며, 2026년 겨울에는 최대 1,500미터에 걸쳐 5개의 구멍에서 다이아몬드 시추 프로그램을 실시할 예정입니다.
이 프로그램에 대한 계획된 예산은 C$1.7-2 백만입니다. Azincourt가 86.5%의 지분을 보유한 이 프로젝트는 21,000헥타르에 걸쳐 있으며, 총 25km를 초과하는 길이를 가진 세 개의 전도성 코리더를 특징으로 합니다. 탐사는 2023/2024년에 확인된 높은 우라늄 농도를 가진 점토 변형 지역을 후속 조사하는 데 집중할 것입니다.
East Preston 프로젝트는 NexGen의 Arrow 광상 및 Cameco의 Eagle Point 광산과 유사한 기초 호스트 비불일치 우라늄 매장지를 목표로 합니다. 이 회사는 2026년 여름까지 허가를 확보했으며, 특히 Clearwater River Dene Nation과 지역 사회와의 적극적인 소통을 유지하고 있습니다.
Azincourt Energy (OTCQB: AZURF) a annoncé des projets d'activités d'exploration pour son projet d'uranium East Preston dans le bassin d'Athabasca, en Saskatchewan. L'entreprise réalisera un programme géophysique à l'automne 2025, incluant une possible enquête sur le flux de radon dans les zones K et H, suivie d'un programme de forage diamanté en hiver 2026 de jusqu'à 1 500 mètres sur 5 trous.
Le budget prévu pour ces programmes est de C$1,7-2 millions. Le projet, dans lequel Azincourt détient une participation de 86,5%, s'étend sur 21 000 hectares et présente trois corridors conducteurs avec une longueur totale de plus de 25 km. L'exploration se concentrera sur le suivi des zones d'altération de l'argile avec des niveaux d'uranium élevés identifiés en 2023/2024.
Le projet East Preston cible des dépôts d'uranium hébergés dans le socle, similaires au dépôt Arrow de NexGen et à la mine Eagle Point de Cameco. L'entreprise a obtenu des permis jusqu'à l'été 2026 et maintient un engagement actif avec les communautés locales, en particulier avec la nation Clearwater River Dene.
Azincourt Energy (OTCQB: AZURF) hat Pläne für Erkundungsaktivitäten in seinem Uranprojekt East Preston im Athabasca-Becken in Saskatchewan angekündigt. Das Unternehmen wird im Herbst 2025 ein geophysikalisches Programm durchführen, einschließlich einer potenziellen Radonflussuntersuchung der K- und H-Zonen, gefolgt von einem Diamantbohrprogramm im Winter 2026 mit bis zu 1.500 Metern über 5 Löcher.
Das geplante Budget für diese Programme beträgt C$1,7-2 Millionen. Das Projekt, an dem Azincourt eine Beteiligung von 86,5% hält, erstreckt sich über 21.000 Hektar und umfasst drei leitfähige Korridore mit einer Gesamtlänge von über 25 km. Die Erkundung wird sich auf die Nachverfolgung von Tonveränderungszonen mit erhöhtem Uran konzentrieren, die 2023/2024 identifiziert wurden.
Das East Preston-Projekt zielt auf Uranlagerstätten ab, die in Basaltgestein gehostet sind und ähnlich wie NexGens Arrow-Lagerstätte und Camecos Eagle Point-Mine sind. Das Unternehmen hat Genehmigungen bis zum Sommer 2026 gesichert und pflegt einen aktiven Austausch mit den lokalen Gemeinschaften, insbesondere mit der Clearwater River Dene Nation.
- Secured exploration permits through summer 2026
- Identified clay alteration zones with elevated uranium in 2023/2024
- Project location near established uranium deposits (Arrow and Eagle Point)
- Three distinct corridors discovered with 25km total strike length
- Significant capital expenditure required (C$1.7-2 million) for exploration
- Results from previous exploration activities not yet conclusive
- Exploration success not guaranteed despite promising indicators
- The East Preston uranium project is one of two strategic Canadian uranium projects being advanced by Azincourt
- The Company intends to conduct follow up exploration at clay alteration zones discovered at East Preston in 2023/2024
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) ("Azincourt" or the "Company"), provides an update on proposed exploration activities at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada.
SUMMARY
- The East Preston uranium project is being advanced by Azincourt in addition to its recently acquired Snegamook Uranium Deposit - which the Company intends to advance to resource status in its 2025 work program.
- The East Preston project is located near the southern edge of the western Athabasca Basin, along a parallel conductive trend between the PLS-Arrow trend and Cameco's Centennial deposit (Virgin River-Dufferin Lake trend).
- Three prospective conductive, low magnetic signature corridors have been discovered at East Preston. The targets are basement-hosted unconformity related uranium deposits similar to NexGen's Arrow deposit and Cameco's Eagle Point mine.
- Azincourt intends to conduct follow-up exploration programs to continue testing the clay alteration zones with elevated uranium that were identified in the winters of 2023 and 2024, with a focus on the K and H Zones (areas of dravite and kaolinite clay alteration zones - see figures 2, 3 below).
Fall 2025 Geophysical Program
The Company is planning a geophysical program for the fall of 2025 on portions of the East Preston project. The feasibility of a radon flux survey over portions of the K- and H-Zones to assist in refining drill targets within previously identified alteration zones is being explored. This type of survey has been useful in highlighting radon anomalies which have either confirmed or led to the discovery of several uranium showings and deposits, including Azincourt's recently acquired Snegamook Deposit in the Central Mineral Belt in Labrador.
Winter 2026 Diamond Drilling Program
The Company is also planning for a potential follow-up drill program for the winter of 2026, consisting of up to 1,500 meters of drilling in 5 diamond drill holes. The focus of this program would be to continue testing the clay alteration zone with elevated uranium that was identified in the winters of 2023 and 2024 with a focus on the K and H Zones (Figure 2). Targets will be refined with results from the Radon flux survey carried out in the fall.
The program is anticipated to utilize one helicopter supported drill rig based from a local contractor camp. The use of a helicopter for support results in reduced disturbance due to not needing to open an access road to site. Drill and crew mobilization to site would commence as early as mid to late February when daylight hours are long enough to facilitate reasonable working conditions.
The planned budget for these programs is C
"We would like to continue our work on East Preston and to take a closer look at the clay alteration in the K- and H- Zones", commented VP Exploration Trevor Perkins. "This alteration zone indicates that we are on to something. A significant number of deposits in the Athabasca Basin have been found by identifying and chasing these types of alteration patterns. In the short term, we will continue to adopt techniques to assist in narrowing our focus and see where this trend takes us," continued Mr. Perkins.
East Preston Targets
The primary target area on the East Preston Project is the conductive corridors from the A-Zone through to the G-Zone (A-G Trend) and the K-Zone through to the H and Q-Zones (K-H-Q Trend) (Figure 2). The selection of these trends is based on a compilation of results from the 2018 through 2020 ground-based EM and gravity surveys, property wide VTEM and magnetic surveys, and the 2019 through 2022 drill programs, the 2020 HLEM survey indicates multiple prospective conductors and structural complexity along these corridors.
Drilling has confirmed that identified geophysical conductors comprise structurally disrupted zones that are host to accumulations of graphite, sulphides, and carbonates. Hydrothermal alteration, anomalous radioactivity, and elevated uranium have been demonstrated to exist within these structurally disrupted conductor zones.
East Preston Project
Azincourt controls a majority
The East Preston Project has multiple long linear conductors with flexural changes in orientation and offset breaks in the vicinity of interpreted fault lineaments - classic targets for basement-hosted unconformity uranium deposits. These are not just simple basement conductors; they are clearly upgraded/enhanced prospectively targets because of the structural complexity.
The targets are basement-hosted unconformity related uranium deposits similar to NexGen's Arrow deposit and Cameco's Eagle Point mine. East Preston is near the southern edge of the western Athabasca Basin, where targets are in a near surface environment without Athabasca sandstone cover - therefore they are relatively shallow targets but can have great depth extent when discovered. The project ground is located along a parallel conductive trend between the PLS-Arrow trend and Cameco's Centennial deposit (Virgin River-Dufferin Lake trend).
Permitting and Community Relations
Permits are in hand to conduct exploration activities at the East Preston property through the summer of 2026. Azincourt recognizes that the granting of these permits does not negate the rights of the local communities for meaningful consultation as the project progresses. The Company looks forward to a continued close working relationship and regular consultation with the Clearwater River Dene Nation and other rights holders to ensure that any potential impacts and concerns are addressed and that the communities can benefit from activities in the area through support of local business, employment opportunities, and sponsorship of select community programs and initiatives. Local businesses are engaged to provide services and supplies and members of the Clearwater River Dene Nation and surrounding communities have been directly employed on site or to provide support and services to keep the camp and programs running. The involvement of the local communities is essential for continued advancement of the East Preston Project.
Figure 1: East Preston Project Location - Western Athabasca Basin, Saskatchewan, Canada. K and H Zones marked with yellow star.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/246836_91dfeb4da4e80a9f_003full.jpg
Figure 2: Zones at the East Preston Uranium Project with the areas of dravite and kaolinite clay alteration highlighted in red, overlain on 2023 drill hole location map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/246836_figure2.jpg
Figure 3: 2024 East Preston Drill Hole Location map focused on the K and H Zones, which will be the area for follow-up drilling.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/246836_91dfeb4da4e80a9f_008full.jpg
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the Company by C. Trevor Perkins, P.Geo., Vice President, Exploration and a Qualified Person as defined by National Instrument 43-101.
About Azincourt Energy Corp.
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. The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Snegamook advanced stage uranium project in the Central Mining Belt, Labrador.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
"Alex Klenman"
Alex Klenman, President & CEO
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes "forward-looking statements", including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.
For further information please contact:
Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com
Azincourt Energy Corp.
1430 - 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246836
FAQ
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