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Assays up to 4.1% Li2O received from the Silverleaf PegmatiteAdditional high-grade samples return 3.04%, 3.37% and 3.90% Li2OHigh purity spodumene blade sample from Silverleaf.
AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), in conjunction with its JV partner, New Age Metals (NAM.V), is pleased to report recent results from the ongoing 2018 exploration program at the Lithium Two project, Cat Lake, in south eastern Manitoba, Canada.
The agreement is designed to promote a cooperative and mutually respectful relationship and ensure that Sagkeeng has been properly consulted and accommodated regarding mineral exploration activities undertaken by in Sagkeeng’s traditional territory. “We’re very pleased New Age Metals was able to reach an agreement with the Sagkeeng Nation and are grateful to Chief Henderson and the others who worked together to get this agreement in place,” said Alex Klenman, President & CEO. “This is a major step toward developing our lithium projects and we’re happy to be able to move forward in short order and complete our work commitments for year one of the joint venture agreement. We believe very strongly the projects have tremendous upside and are pleased to get the all important first phase drilling components completed,” continued Mr. Klenman.
The Projects cover a combined area of 7,400 hectares of prospective exploration targets for volcanic hosted supergene/surficial uranium and lithium on the Picotani Plateau (or “mesata” in Spanish). Surface rock samples obtained in 2017 from the Escalera project were processed by ALS Minerals, in Lima, Peru, and returned values of up to 3,560 ppm uranium and 153 ppm lithium. Historical samples taken from the Escalera project have yielded values up to 6,812 ppm uranium* (see table).