Azincourt Energy Corp (AZURF)

[Pennybuster]

To date 4,178 meters in 17 holes have been drilled at East Preston. Limited drilling has confirmed basement lithologies and graphitic structures intersected at East Preston are very similar and appear to be analogous to the Patterson Lake South-Arrow-Hook Lake/Spitfire uranium deposit host rocks and setting.
Trace element geochemistry shows anomalous results for basement-hosted unconformity uranium deposit pathfinders Ni, Co, Cu, Zn and As associated with graphitic schist intervals. Graphitic rocks hosting uranium mineralization are often associated with Ni-Co-As; Cu and Zn sulphides in anomalous, to substantial quantities.
Drilling has established the right basement unconformity uranium setting – rocks, structure and alteration. The recognition of what is believed to be a basement analogue to uranium deposit-related REE mineralization and alteration suggests that mineralizing fluid systems were active on the project at the right time
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