VOYRF - Uranium Co.'s JV Partner Completes Winter Drilling in Athabascan Basin | Benzinga
Source: Streetwise Reports 05/31/2024
Skyharbour Resources Ltd. (OTC: SYHBF) announced partner Azincourt Energy Corp. (OTC: AZURF) has completed its 2024 winter drilling program at the East Preston uranium project in the Athabascan Basin of Saskatchewan.
The program consisted of 1,086 meters of diamond drilling in four holes to follow up on the clay alteration zone and elevated uranium identified at the project in the winter of 2023, Skyharbour said.
All holes intersected hydrothermal alteration with the best alteration intersected in the last two holes of the program, the company said.
"The extension of the clay alteration halos in the K and H zones is a very good sign" said Azincourt Vice President Exploration Trevor Perkins. "Knowing the extent 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."
Hole EP0059, completed on 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, the company said. EP0060 was completed on the south end of Zone H to follow up clay intersections and graphitic lithologies from 2023 in the southern portion of Zone H. This hole intersected moderate to strong white clay within zones of structure and intense fracturing. Analysis of the clay species is in progress.
"The more we see, the better the team is getting at identifying which halos are the important ones to chase" Perkins said. "A significant number of deposits in the Athabasca Basin have been found by identifying and chasing these types of clay alteration patterns."
Skyharbour retains a minority interest with a 9.5% ownership in the East Preston Project, with Azincourt owning 85.8% and Dixie Gold owning the remaining 4.7%.
Azincourt Is an Explorer and a Partner
The primary target area on East Preston 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), Skyharbour said.
The selection of these trends is based on results from ground-based electromagnetic ...