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Azincourt Energy Corp. (AAZ.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.02500.0000 (0.00%)
As of 1:06PM EDT. Market open.
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Previous Close0.0250
Open0.0250
Bid0.0200 x 0
Ask0.0250 x 0
Day's Range0.0250 - 0.0250
52 Week Range0.0150 - 0.0600
Volume20,000
Avg. Volume319,988
Market Cap4.834M
Beta (5Y Monthly)2.20
PE Ratio (TTM)N/A
EPS (TTM)-0.0180
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Azincourt Energy Names Trevor Perkins  Exploration Manager
    GlobeNewswire

    Azincourt Energy Names Trevor Perkins Exploration Manager

    Figure 1: Project Location – Western Athabasca Basin, Saskatchewan, Canada Figure 1: Project Location – Western Athabasca Basin, Saskatchewan, CanadaVANCOUVER, British Columbia, Oct. 20, 2020 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce it has retained C. Trevor Perkins in the role of Exploration Manager. Mr. Perkins is a Professional Geologist with wide-ranging experience in planning and executing mineral exploration programs and managing exploration teams. He brings a proven track record of discovery and results from a successful 25-year career in mineral exploration in some of the world’s most prolific mining regions. For the past five years Mr. Perkins held the title of Exploration Manage for UEX Corporation, responsible for overseeing exploration in the Athabasca Basin, Saskatchewan. As a Qualified Person for UEX’s uranium and cobalt projects, he was responsible for several 43-101 technical reports and resource estimates for both the Christie Lake and West Bear Projects. In addition, he managed the team that made the Ōrora Uranium Deposit discovery 2017.Mr. Perkins was also Senior Geoscientist with Rio Tinto and spent a decade with Cameco Corporation. At Cameco he served as Vice President, Exploration for Cameco Mongolia, District Geologist for Europe and Asia, Senior Project Geologist for Arnhem Land in Australia, and a Project Geologist for Cameco’s Athabasca projects. As Project Geologist for the McArthur River project, he lead the team that discovered the McArthur River North Extension zones (110Mlb U3O8) and as Senior Project Geologist based in Darwin, Australia, he led the team that discovered the Angulari Uranium Deposit (20Mlb U3O8).“We’re extremely pleased to add Trevor to the team, he will have an immediate impact on our operational plans,” said CEO, Alex Klenman. “His resume is impressive, particularly in the uranium space. He has been directly involved in significant discoveries, and has vital, relevant, project management experience on a large scale. As we enter the next phase of exploration at East Preston, we’re confident Trevor’s experience and expertise will aid us in vectoring towards meaningful discovery,” continued Mr. Klenman.“I am exited to be joining the Azincourt Energy team,” said Mr. Perkins. “The East Preston project has many promising targets and has the right geological setting to host basement uranium deposits. I look forward to adding value to the East Preston Property and our portfolio of projects,” continued Mr. Perkins.Mr. Perkins will immediately begin overseeing the scheduled follow up geophysics program at East Preston and he will begin preparation work for winter 2020-21 drill plans. Details on upcoming work programs will be made available in the coming weeks.Figure 1: Project Location – Western Athabasca Basin, Saskatchewan, Canada: https://www.globenewswire.com/NewsRoom/AttachmentNg/4232b449-ec33-4521-a95b-a69a5be5bb7eAbout East PrestonAzincourt is currently earning towards 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 Inc (TSX.V: DG) (Figure 2: Project Location – Western Athabasca Basin, Saskatchewan, Canada). 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).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 & CEONeither 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.comAzincourt Energy Corp. 1430 – 800 West Pender Street Vancouver, BC V6C 2V6 www.azincourtenergy.com

  • Azincourt Energy Amends Terms of Option to Acquire Uranium-Lithium Projects in Southern Peru
    GlobeNewswire

    Azincourt Energy Amends Terms of Option to Acquire Uranium-Lithium Projects in Southern Peru

    Azincourt projects and nearby claims in the Puno District, Southeastern Peru Figure 1: Azincourt projects and nearby claims in the Puno District, Southeastern Peru Escalera Project, sampling results, November 2018 reconnaissance program Figure 2: Escalera Project, sampling results, November 2018 reconnaissance programVANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce it has reached an agreement with 1177865 B.C. Ltd. (the “Optionor”) to amend the option (the “Option”) under which the Company holds the rights to acquire a series of three uranium-lithium exploration projects located in the Picotani volcanic field in Carabaya and San Antanio De Putina Provinces, Puno Region, in southeastern Peru (collectively, the “Projects”). The Projects, collectively known as the Escalera Group, cover a combined area of 7,400 hectares of prospective exploration targets for volcanic hosted supergene/surficial uranium and lithium on the Picotani Plateau.  The land package consists of the Escalera project comprised of six concessions totaling 5,500 hectares, the Lituania concession covering 899.97 hectares, and the Condorlit concession covering 999.97 hectares.Under the terms of the amendment, the Company has agreed to issue the Optionor 5,000,000 common shares in lieu of a cash payment of $250,000 due and owing by the Company pursuant to the terms of the Option, and the requirement to incur exploration expenditures of at least $500,000 prior to August 30, 2020.  In addition, the Optionor is entitled to receive a further 1,000,000 common shares in accordance with the existing terms of the Option.“We’re pleased we were able to amend and extend the terms of the option agreement,” said president and CEO, Alex Klenman.  “Our initial work program at Escalera produced some intriguing results.  The sample assays were certainly solid. We’d very much like to get back to Peru to follow up on those positive early results, however with the pandemic we’re not in a position to do so at the moment.  This amendment to the original agreement gives us the flexibility to pursue the project at a later date,” continued Mr. Klenman.The amendment will allow the Company to retain control of the Project, while conserving available capital and deferring the requirement to conduct exploration work at the Project during the Covid-19 pandemic.  Following the amendment, the Company will still be required to complete further a cash payment of $350,000 to the Optionor, issue a further 1,000,000 common shares, and incur expenditures of $2,500,000 on the Project, in order to complete the exercise of the Option.The issuance of an additional 5,000,000 common shares to the Optionor, pursuant to the terms of the amendment, remains subject to the approval of the TSX Venture Exchange.  All common shares to be issued to the Optionor, pursuant to the terms of the Option, will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.About the Escalera Group In Late 2018 Company consultants completed a comprehensive reconnaissance-scale prospecting and geological interpretation program on the three Puno, Peru, concession groups: Escalera, Lituania & Condorlit (collectively, “The Escalera Group”).Figure 1: Azincourt projects and nearby claims in the Puno District, Southeastern Peru is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1509f643-3302-4f7f-9e21-0eb20eab7b91Sampling at Escalera identifies two new uranium prospective areas measuring an estimated 4.5 and 2.0 kilometres in length. Highlight samples returned 8,061 ppm, 6,812 ppm, 6,126 ppm, 3,560 ppm and 3,438 ppm uranium (U3O8).  11 rock samples returned above 1,000-ppm uranium (0.12% U3O8). * The maiden reconnaissance survey focused on the three separate project areas, covering much of the combined 7,400 hectares underlain by the target volcanic debris flow rocks. Field crews successfully identified two areas for prospective uranium mineralization on the large Escalera property, including clusters of prospective uranium mineralization over an area extending more than four kilometers. Observed surface radioactivity combined with uranium-in-rock laboratory results has shown that the Escalera Property is a priority exploration target. In addition, the southwest part of the Escalera property contains a notable cluster of lithium-in-rock results ranging 290 to 360 ppm lithium.Figure 2: Escalera Project, sampling results, November 2018 reconnaissance program is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd3081af-5137-4723-9039-caafe14e044dA total of 113 rock samples were collected during the three-week long reconnaissance sampling and prospecting program; with a total of 94 rock samples collected on the 5,500-hectare Escalera Property. To ascertain the potential for uranium enrichment in the target Paleogene – Neogene aged weathered felsic volcanic flow rocks, field staff used portable scintillometers to identify zones of elevated surface radioactivity to efficiently direct rock sampling. In particular, sampling focused on locations with elevated radioactivity associated with large fractures and faults in the volcanic flows, which likely reflects uranium remobilization due to extensive surface weathering.At Escalera, the proposed uranium mineralization model is similar to that found at the Macusani Uranium deposit (Plateau Energy Metals) located about 100 kilometres to the northwest, where uranium has dissolved and precipitated from source frothy volcanic debris flow rocks through an intricate interaction between geomorphology, groundwater movement and evaporation.* Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the property.Shares for DebtThe Company also announces that it intends to settle an aggregate of $40,950 of indebtedness owed to certain arm’s length creditors through the issuance of 819,000 common shares at a deemed issuance price of $0.05 per share.  The Company determined to satisfy the indebtedness with common shares in order to preserve its cash for working capital.  The shares will be issued upon acceptance by the TSX Venture Exchange and approval by the directors of the Company.  All common shares issued in satisfaction of the indebtedness will be subject to a four month hold period from the date of issuance. Qualified PersonThe 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 Ted O’Connor, P.Geo. a director of the Company, as well as a qualified person.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 & CEONeither 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.comAzincourt Energy Corp. 1430 – 800 West Pender Street Vancouver, BC V6C 2V6 www.azincourtenergy.com

  • Azincourt Energy 2020 East Preston Summer Geophysical Target Generation Program
    GlobeNewswire

    Azincourt Energy 2020 East Preston Summer Geophysical Target Generation Program

    Figure 1 East Preston Summer Geophysical Program Location Map Figure 2 Project Location – Western Athabasca Basin, Saskatchewan, CanadaVANCOUVER, British Columbia, July 24, 2020 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce plans for its upcoming summer ground geophysical program designed to generate additional drill targets at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada.The 2020 summer ground geophysical targeting program is currently being planned to support future drill programs based on the existing property-wide heli-borne VTEM survey interpretation and results where numerous untested graphitic conductive corridor trends have been identified for follow up.  The program will consist of helicopter-supported ground geophysical surveys including up to 33-line km of line cutting and Horizontal Loop Electromagnetic (HLEM) and up to 44-line km of ground gravity (Figure 1 – East Preston Summer Geophysical Program Location Map, below).The planned HLEM survey will identify conductor locations (HLEM) and the ground gravity survey will ideally identify areas of alteration, structural disruption, or thicker overburden due to increased glacial scouring proximal to the conductive trends that are often associated with uranium mineralizing systems. The combined results will be utilized to refine, prioritize, and better locate conductive corridors in these previously untested areas. Bingham Geoscience of Saskatoon continues to oversee Azincourt’s geophysical programs and interpretation work.It is anticipated that this summer work program will satisfy the $2.5M CDN work commitment obligation in the joint venture, earn-in agreement with Skyharbour Resources and Dixie Gold.  Once the final cash consideration of $400,000 is paid to Skyharbour and Dixie, Azincourt will have earned a 70% interest in the East Preston project.“The continuing work at East Preston is all about target generation,” said President and CEO, Alex Klenman.  “It’s no secret the project is already target rich.  We’ve barely scratched the surface in terms of drill testing these areas.  We are methodically moving the project forward by adding more critical data.  This is the logical next step before we commence the next drill program.“In addition, we’re excited that we’re on the verge of reaching the spend threshold of the earn-in with our JV partners.  East Preston is a big project, in the right place, at the right time.  We’re close to gaining a majority interest in the project, it’s an important milestone for the Azincourt,” continued Mr. Klenman.The East Preston project lies immediately south of the interpreted southern edge of the Athabasca Basin, and no Athabasca sandstone is present beneath the relatively thin glacial overburden. The HLEM and gravity ground geophysical survey methods proposed are standard techniques used to explore for unconformity uranium deposits in shallow target environments.Permitting for the summer work program is being initiated, with the on-ground work to be completed in later summer.Figure 1 – East Preston Summer Geophysical Program Location Map is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/30adc1e1-a432-40f5-9983-12f5cbf247e6Follow-Up Winter Drill ProgramBased on the previously announced drill results and the similar geological and structural setting to the prolific Paterson Lake trend, follow-up and extension drilling has already been recommended for the existing target areas. The planned 2020 summer geophysical program covers prospective conductor trends that have yet to be drill tested. This work will add to the target inventory for future winter drill testing at East Preston.Figure 2: Project Location – Western Athabasca Basin, Saskatchewan, Canada is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/45f5ea43-f138-48b8-8e0e-41169b064114About East PrestonAzincourt is currently earning towards 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 Inc. (TSX.V: DG) (Figure 2: Project Location – Western Athabasca Basin, Saskatchewan, Canada).  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 PersonThe 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 Ted O’Connor, P.Geo. a director of the Company, as well as a qualified person.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 & CEONeither 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.comAzincourt Energy Corp. 1430 – 800 West Pender Street Vancouver, BC V6C 2V6 www.azincourtenergy.com