Azincourt Energy Updates Plans for Summer Exploration Program at the East Preston Uranium Project

Azincourt Energy Corp. ("Azincourt" or the "Company") (TSX.V: AAZ, OTC: AZURF) is pleased to provide an update on the upcoming summer exploration program at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada.

The primary target area for the 2021 summer program continues to be the conductive corridor from the A-Zone through to the G-Zone (Figures 1 and 2) were recent drilling encountered elevated uranium levels in three of the five holes drilled (see Company news release dated June 8, 2021).

The selection of this trend is based on a compilation of results from the 2018 through 2020 ground-based EM and gravity surveys, property wide VTEM and magnetic surveys, and the 2019 through 2021 drill programs. The 2020 HLEM survey completed in December indicates multiple prospective conductors and structural complexity along the eastern edge of this corridor.

Terralogic Exploration Inc. has been contracted to facilitate an airborne radiometric survey over the previously unsurveyed southern portion of the property (Figure 3) and conduct field investigations of resulting anomalies.  Special Project Inc. (SPI) of Calgary, Alberta, has been selected as the contractor using a fixed wing aircraft to complete the airborne radiometric survey, which will consist of approximately 1,700 km of survey lines flown at a low minimum altitude and 50 m line spacing to ensure good data collection and a high survey resolution.  The airborne survey is expected to commence within the next few weeks, and take approximately one week to complete, with approximately one week of ground follow-up to proceed shortly thereafter.

An airborne radiometric survey uses a gamma ray scintillometer mounted on an airborne platform to measure and map the natural radiation emitted by the rocks and soil the aircraft is flying over.  Gamma radiation occurs from the natural decay of elements such as uranium, thorium, and potassium.  Locations that have a higher radiation signature (anomalies) than the normal values for the surrounding area (background) would then be examined by crews on the ground for the potential presence of radioactive bedrock if there is not much glacial till cover, or boulders in the till that could be traced back to a source.  Many uranium deposits in the Athabasca Basin, including the nearby Triple-R deposit, have been found by following trails of radioactive boulders in the glacial till back to their source.

"The additional radiometric survey coverage will help us ensure that we are focusing on the best sections of the conductive trends we have identified," said Exploration Manager Trevor Perkins.  "We are eager to add these results to our data package to make sure that the highest quality targets are tested first," continued Mr. Perkins.

Preparation continues for a targeted late summer/early fall diamond drill program to complete approximately 1,000m of drilling remaining from the shortened winter 2021 program, and an extensive 6,000 meter program consisting of 25-30 drill holes to be completed in the winter of 2022.  Target selection for these programs will be refined based on the summer 2021 field activities.

Permits and funding are in place to complete all the planned work through the winter of 2022, and consultations and information sessions with local communities are continuing over the next several weeks.  The Company will update investors on the timing for drilling once all consultations are complete and when the drill contractor is secured.

Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin Saskatchewan
https://www.globenewswire.com/NewsRoom/AttachmentNg/f0cd7897-f976-4ede-b727-fe7c8b0bb974

Figure 2: 2021 Drill Target areas at the East Preston Uranium Project
https://www.globenewswire.com/NewsRoom/AttachmentNg/2705e0e0-a6d0-4c2f-9bfb-a9ae6a00f8f0

Figure 3: 2021 Radiometric survey coverage at East Preston Uranium Project.
https://www.globenewswire.com/NewsRoom/AttachmentNg/506ce67f-15df-489c-b15f-4c104d5fae59

Figure 4: Project Location – Western Athabasca Basin, Saskatchewan, Canada
https://www.globenewswire.com/NewsRoom/AttachmentNg/4073a4de-a6d0-4ef7-93b5-a5244db2d689

About East Preston

Azincourt controls a majority 70% interest in the 25,000+ hectare East Preston project as part of a joint venture agreement with Skyharbour Resources (TSX.V: SYH), and Dixie Gold. 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 has identified outcrop, soil, biogeochemical and radon anomalies, which are key pathfinder elements for unconformity uranium deposit discovery.

The East Preston Project has multiple long linear conductors with flexural changes in orientation and offset 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.

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 on behalf of the company by C. Trevor Perkins, P.Geo., Exploration Manager of Azincourt Energy, and a Qualified Person as defined by National Instrument 43-101.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements.  The Company is currently active at its joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF Azincourt Energy Corp.

"Alex Klenman"
Alex Klenman, President & CEO

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.

This press release includes "forward-looking statements", including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt.  Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.  Such forward-looking information represents management's best judgment based on information currently available.  No forward-looking statement can be guaranteed, and actual future results may vary materially.

For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@Azincourtenergy.com

Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.Azincourtenergy.com


News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Skyharbour Enters Into Agreement to Option South Dufferin and Bolt Uranium Projects Located in the Athabasca Basin, Saskatchewan

Skyharbour Enters Into Agreement to Option South Dufferin and Bolt Uranium Projects Located in the Athabasca Basin, Saskatchewan

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ("Skyharbour" or the "Company"), is pleased to announce that it has entered into an option agreement ("Agreement") with a private arm's-length company, UraEx Resources Inc. (the "Optionee" or "UraEx"), whereby the Optionee may acquire up to a 100% interest in the Company's South Dufferin and Bolt Uranium Projects (collectively, the "Property"). The Property consists of a total of twelve (12) mineral claims totalling approximately 18,000 hectares located in the Athabasca Basin, Northern Saskatchewan. UraEx can earn an initial 51% in the Property through CAD $4,600,000 in combined project consideration and up to 100% through $9,800,000 in combined project consideration consisting of cash and share payments as well as exploration expenditures over a five-year period.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Baselode Reports High-Grade Uranium Assays on its ACKIO Prospect

Baselode Reports High-Grade Uranium Assays on its ACKIO Prospect

  • Two drill holes intersect high-grade uranium: Both returned over 1% U₃O₈ across 1.5 metres
  • Hole AK24-118 intersected 8.5 metres of 0.59% U₃O₈, while AK24-119 returned 21.0 metres of 0.28% U₃O₈, enhancing our understanding of uranium mineralization in Pod 6
  • Baselode's ACKIO has a unique advantage that distinguishes it from its peers in the Athabasca Basin, given its shallow mineralization

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide uranium ("U3O8") assay results from 3 of 43 drill holes of the 2024 drill program on the ACKIO prospect ("ACKIO") in the Athabasca Basin ("Basin") area of northern Saskatchewan.

"Baselode's ACKIO prospect stands out among its peers due to the shallow depth of its mineralization, especially compared to the much deeper deposits elsewhere in the Basin. We are highly encouraged by the results from holes AK24-118 and AK24-119, as they are the best intersections in Pod 6 and rank among the top 20 drill holes at ACKIO. These results strengthen our confidence in ACKIO. It's remarkable that, just over three years after discovering ACKIO, we're still achieving better-than-expected grades and widths," commented James Sykes, CEO, President, and Director of Baselode."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Mr. Brady Rak Joins Skyharbour as Vice President of Business Development

Mr. Brady Rak Joins Skyharbour as Vice President of Business Development

Skyharbour Resources Ltd . (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the "Company" or "Skyharbour") is pleased to announce the appointment of Brady Rak, an investment and capital markets professional, as the Company's VP of Business Development.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Skyharbour's Partner North Shore Uranium Granted Exploration Permit at Falcon Uranium Project

Skyharbour's Partner North Shore Uranium Granted Exploration Permit at Falcon Uranium Project

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ("Skyharbour" or the "Company"), is pleased to announce that its partner company, North Shore Uranium ("North Shore"), has received a Crown Land Work Authorization permit from the Saskatchewan Ministry of environment (the " Permit "). The Permit covers the Company's 55,700-hectare Falcon property (" Falcon ") at the eastern margin of the Athabasca Basin in northern Saskatchewan. North Shore may acquire an initial 80% interest in Falcon by issuing common shares having an aggregate value of CAD $1,225,000, making aggregate cash payments of $525,000 to Skyharbour, and incurring an aggregate of $3,550,000 in exploration expenditures on the property over a three-year period.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Forum Drilling Update, Aberdeen Uranium Project, Nunavut

Forum Drilling Update, Aberdeen Uranium Project, Nunavut

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce its 2024 drilling program at the 100% owned Aberdeen Uranium Project has concluded after thirty diamond drill holes were completed between late June and late September for a total of 6,962 metres. The program covered 5 of the more than 20 identified gravity targets on the 95,000-hectare property including the two existing discoveries at Tatiggaq and Qavvik. The Aberdeen Project is located adjacent to Orano's Kiggavik deposit which hosts 133 million pounds of uranium grading at 0.54% U3O8*. Assays are currently being processed at the SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan with results expected mid to late October due to a backlog at the facility. Further to its news release dated August 20, 2024, Forum continues to intersect uranium mineralization and intense alteration within favourable structural and lithological corridors for unconformity-style uranium deposits in an emerging uranium district comparable to the prolific Athabasca Basin (Figure 1).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CSE Bulletin: Name Change - Tisdale Clean Energy Corp.

CSE Bulletin: Name Change - Tisdale Clean Energy Corp.

Tisdale Clean Energy Corp. has announced a name change to Terra Clean Energy Corp.

Shares will begin trading under the new name and with a new CUSIP number on October 3, 2024.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×