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#AzincourtEnergy (TSXV:AAZ,OTCQB:AZURF, FWB:A0U2) Azincourt Energy CEO Alex Klenman says they’re about to begin the largest drill program to date with up to 7,000 meters targets. The company has already prepared the winter road to allow access for the 2022 exploration program at the East Preston uranium project in the western #AthabascaBasin.
“We’ve worked diligently over the last four years at our East Preston uranium project. We are still pre-discovery, with enormous institutional support. We have at least $12 million in the bank after we raised close to $15 million in the last year. All are primarily from institutional investors and funds, which typically don’t normally buy into pre discovery companies. So it tells you two things, they believe in the sector and where it’s going and the validity of our projects, particularly Preston, which is our main focus,” said Klenman.
Before the end of 2021, the company announced that its winter road and camp access are nearing completion with major camp equipment and materials expected on site. The 73 km road allows access beyond the Mirror River, approximately 55 km along the route to camp.
“We’ve just finished about 70 kilometers of road prep to get into these drill targets. And we’re gonna be running two rigs. Drilling will begin in January and we’ll be drilling constantly through them. But right now we’re focused on step one, which is to get the drills in the ground and begin the process,” Klenman added.
“We’re hopeful that we’re going to make a discovery sooner rather than later. And, that’s a great position to be in. If you invest in and explore a pre-discovery and they’ve got potential to deliver, that’s a good place to be.”
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