VANCOUVER, Dec. 11, 2018
/CNW/ - Clean Commodities Corp. (TSX
VENTURE: CLE) ("Clean Commodities" or the
"Corporation") announces that its option partner, Azincourt Energy
Corp. ("Azincourt"), has provided an update regarding its winter
work program at the East Preston Uranium Project ("East Preston")
located in the southwestern Athabasca Basin, Saskatchewan.
East Preston Uranium Project Map:
https://www.cleancommodities.com/preston-uranium-project
Azincourt has engaged Geotech Ltd. to conduct a helicopter-borne
Versatile Time-Domain Electromagnetic (VTEM™ Max) and Magnetic
survey over the southeastern portion of the East Preston Project to
complete survey coverage over the entire project area.
The planned survey will consist of 498 line-km with 300m line spacing and 1,000m tie-line spacing – identical parameters to
the previous VTEM™ Max survey, and ties directly into the previous
flight lines. Flight lines are oriented NW-SE, perpendicular to the
NE-SW trending structural and conductor trends of the basement
rocks at East Preston.
Geotech Ltd., the sole provider of the VTEM™ Max platform, has a
system currently active in Saskatchewan and plans to commence the
East Preston survey in
mid-December. Weather permitting, the survey is expected to require
5-7 days and will be completed by year-end.
Azincourt has applied for drill permits at East Preston and upon receipt is planning an
approximate 10+ hole, 2000-2500-meter diamond drill program of
inclined drill holes to test the structurally-controlled basement
uranium deposit model. Drill targets have been prioritized based on
stacking of airborne and ground electromagnetic and ground gravity
geophysical data interpretation.
Historical Work
Azincourt is currently earning towards a 70% interest in the
25,000+ hectare East Preston
project as part of an option agreement with Clean Commodities Corp.
and Skyharbour Resources Ltd. ("Skyharbor"). Extensive regional
exploration work at East Preston
was completed in 2013-14, including airborne electromagnetic
(VTEM), magnetic and radiometric surveys. Three prospective
conductive, low magnetic signature corridors have been discovered
on the property. The three distinct corridors have a total strike
length of over 25 km, each with multiple EM conductor trends
identified. Ground prospecting and sampling work completed to date
have identified outcrop, soil, biogeochemical and radon anomalies,
which are key pathfinder elements for unconformity uranium deposit
discovery.
Only one of the corridors has been drill tested to-date,
successfully intersecting structurally disrupted graphitic
metasedimentary rocks and anomalous pathfinder elements (including
uranium) at the Swoosh S6 target using a combination of Horizontal
Loop EM (HLEM) and gravity as primary targeting tools.
Azincourt Geophysical Work - Winter 2018
Azincourt completed a winter geophysical exploration program in
January-February 2018 that generated
a significant amount of new drill targets within the previously
untested corridors while refining additional targets near the
previous drilling along the Swoosh corridor.
The work included 51.5 km of grid preparation (line
cutting/picketing), 46.1 km of horizontal loop electromagnetic
(HLEM), and 40.6 km of ground gravity along the previously known
airborne helicopter VTEM conductive trends.
Ground-truthing work confirmed the airborne conductive trends
and more accurately located the conductor axes for future drill
testing. The gravity survey identified areas along the conductors
with a gravity low signature, which is often associated with
alteration, fault/structural disruption and potentially, uranium
mineralization. The combination/stacking of positive features will
assist prioritizing targets for testing first.
The Main Grid shows multiple long linear conductors with
flexural changes in orientation and offsets 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
prospectivity targets because of the structural complexity.
Targets
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).
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 and reviewed and approved by
Richard Kusmirski, P.Geo., M.Sc.,
Skyharbour's Head Technical Advisor and a Qualified Person.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is an exploration company
involved in a diverse portfolio of clean commodity assets including
lithium and uranium projects. For more information, please visit
www.cleancommodities.com.
Signed,
Ryan Kalt, Chief Executive
Officer
Forward-Looking Statements
This news release contains forward-looking statements.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results
may differ materially from those currently expected or forecast in
such statements.
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.
SOURCE Clean Commodities Corp.
