Azincourt Uranium Inc. (TSXV:AAZ) and Fission Uranium Corp. (TSXV:FCU) released initial results of the recently acquired VTEM max airborne geophysical survey and exploration plans at the Patterson Lake North property in the Athabasca Basin. Highlights include identification of a new north-south trending conductive basement package in northern PLN.
As quoted in the press release:
- VTEM Max survey identifies new north-south trending conductive basement package in northern PLN; this represents the possible extension of Saskatoon Lake Conductor system which hosts the Shea Creek uranium deposits.
- Follow up ground geophysical survey already underway on this new trend to accurately locate the conductor axis using Internal Field Gradient Magneto Tellurics (MT), which will improve target quality.
- Outcrop, historical drill core and soil sampling work completed by Athabasca Basin expert, Dr. Paul Ramaekers, to enhance knowledge of local and regional sandstone stratigraphy.
- Ground EM survey (20 km grid) is planned for central PLN targeting north-northwest trending central conductive metasedimentary belt coincident with known structural offset at the unconformity.
- Ground EM survey (10.5 km – 2 lines) planned for southern PLN targeting a prospective trend parallel to the PLS discovery trend. Additional targeting techniques successfully used by Fission at PLS are being planned, including lake sediment and water Radon sampling over conductors located under lakes in the shallow southern PLN project area.
- 2500-3000 m diamond drill program planned for winter 2014 on existing and some newly generated targets in the central and southern PLN project area.
Azincourt Uranium President and CEO, Ted O’Connor, said:
It is great to see the VTEM max survey has had immediate results defining a new north-south conductor system and ground follow up has already started. Azincourt is looking forward to developing the target inventory at PLN and starting the drill program with Fission this winter.