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  • Azincourt Energy Begins 2021 Drill Program at the East Preston Uranium Project
    GlobeNewswire

    Azincourt Energy Begins 2021 Drill Program at the East Preston Uranium Project

    Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin Saskatchewan Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin Saskatchewan Figure 2: 2021 Drill Target areas at the East Preston Uranium Project Figure 2: 2021 Drill Target areas at the East Preston Uranium Project Figure 3: Project Location – Western Athabasca Basin, Saskatchewan, Canada Figure 3: Project Location – Western Athabasca Basin, Saskatchewan, Canada VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce that after a minor weather related delay, the 2021 winter drill program at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada, has commenced. As previously reported the target area for the 2021 drill program is the conductive corridor from the A-Zone through to the G-Zone (Figures 1 and 2) and is based on a compilation of results from the 2019 and 2020 drill programs, 2018 through 2020 ground based EM and gravity surveys, and property wide VTEM and magnetic surveys. Drilling has commenced south of the A-Zone and will continue southwest along the AB and G-Zones (see Figure 2). The first hole of the 2021 program is designated to test a strongly disrupted portion of the A-Zone conductor in the vicinity of a left-lateral fault offset and transition from northwest to north trending controlling structure. The target is further strengthened by a localized gravity low feature at depth. The hole is located 500m north of 2019 hole EP19001 which successfully intersected graphite-quartz-pyrite laden fault zones. “We are excited to begin seeing results from the 2021 drill program,” said Exploration Manager, Trevor Perkins. “These drill results will confirm and refine our exploration model for the East Preston Project”, continued Mr. Perkins. The 2021 exploration program will comprise a minimum a 10-12 hole, 2000-to-2500 meter diamond drill campaign. TerraLogic Exploration and Bryson Drilling have been contracted to execute the drill program, which is being conducted under the guidance and supervision of Azincourt’s Exploration Manager, Trevor Perkins, P.Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic Exploration. The 2020 HLEM survey completed in December indicates multiple prospective conductors and structural complexity along the eastern edge of this corridor. Drilling in the A zone suggests this structural corridor hosts significant graphitic packages within strongly sheared and faulted host lithologies, indicating an environment conducive to fluid movement and uranium deposition. About East Preston Azincourt currently controls a 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). Multiple prospective conductive, low magnetic signature corridors have been discovered on the property. These 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 & CEOTel: 604-638-8063info@azincourtenergy.com Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/192b27ff-61c0-4eda-9fe5-461c2c245042 https://www.globenewswire.com/NewsRoom/AttachmentNg/15bb9266-2ee8-41f4-b17f-2d4744ec328b https://www.globenewswire.com/NewsRoom/AttachmentNg/c2b8c596-839e-41fe-ba7d-64f351f03321

  • Skyharbour’s Partner Company Azincourt Energy Begins 2021 Drill Program at The East Preston Uranium Project
    GlobeNewswire

    Skyharbour’s Partner Company Azincourt Energy Begins 2021 Drill Program at The East Preston Uranium Project

    VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) partner company Azincourt Energy Corp. (“Azincourt”) is pleased to announce the 2021 winter drill program at the East Preston Uranium project, located in the western Athabasca Basin, Saskatchewan, Canada has commenced. Project Location – Western Athabasca Basin, Saskatchewan, Canada:https://skyharbourltd.com/_resources/maps/SYH-Patterson-Lake.pdf As previously reported the target area for the 2021 drill program is the conductive corridor from the A-Zone through to the G-Zone and is based on a compilation of results from the 2019 and 2020 drill programs, 2018 through 2020 ground-based EM and gravity surveys, and property wide VTEM and magnetic surveys. Drilling has commenced south of the A-Zone and will continue southwest along the AB and G-Zones. The first hole of the 2021 program is designated to test a strongly disrupted portion of the A-Zone conductor in the vicinity of a left-lateral fault offset and transition from northwest to north trending controlling structure. The target is further strengthened by a localized gravity low feature at depth. The hole is located 500m north of 2019 drill hole EP19001 which successfully intersected graphite-quartz-pyrite laden fault zones. Target Corridors at East Preston Uranium Project, Western Athabasca Basin Saskatchewan: https://skyharbourltd.com/_resources/maps/nr-20210118-figure1.png The 2021 exploration program will comprise a minimum a 10-12 hole, 2000-to-2500 meter diamond drill campaign. TerraLogic Exploration and Bryson Drilling have been contracted to execute the drill program, which is being conducted under the guidance and supervision of Azincourt’s Exploration Manager, Trevor Perkins, P.Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic Exploration. The 2020 HLEM survey completed in December indicates multiple prospective conductors and structural complexity along the eastern edge of this corridor. Drilling in the A zone suggests this structural corridor hosts significant graphitic packages within strongly sheared and faulted host lithologies, indicating an environment conducive to fluid movement and uranium deposition. 2021 Drill Target areas at the East Preston Uranium Projecthttps://www.skyharbourltd.com/_resources/maps/nr-20210209-figure1.png About East Preston: Skyharbour and Dixie Gold entered into an Option Agreement (the “Agreement”) with Azincourt whereby Azincourt had an earn-in option to acquire a 70% working interest in a portion of the Preston Uranium Project known as the East Preston Property. Azincourt has now earned their interest in the project by completing CAD $2.5 million in staged exploration expenditures and making a total of CAD $1 million in cash payments over the previous four years as well as issuing a total of 9.5 million common shares of Azincourt divided evenly between Skyharbour 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 and approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour’s Head Technical Advisor and a Director, as well as a Qualified Person. About Skyharbour Resources Ltd.: Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Skyharbour has and option agreement with Orano Canada Inc. and a joint venture agreement with Azincourt Energy. Orano can earn in up to 70% of the Preston and Azincourt recently earned in 70% of the East Preston Project, respectively, through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston and Preston East are large, geologically prospective properties proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit. The Company owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. Skyharbour has signed a Definitive Agreement with Australian company Pitchblende Energy, which is being acquired by ASX-listed Valor Resources, on the North Falcon Uranium Project whereby Pitchblende can earn-in 80% of the project through $3,500,000 in total exploration expenditures, $475,000 in total cash payments over three years and an initial share issuance. Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Skyharbour’s Uranium Project Map in the Athabasca Basin:http://skyharbourltd.com/_resources/maps/SYH-Athabasca-Map.pdf To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com. SKYHARBOUR RESOURCES LTD. “Jordan Trimble” Jordan TrimblePresident and CEO For further information contact myself or:Spencer CoulterCorporate Development and CommunicationsSkyharbour Resources Ltd. Telephone: 604-687-3376Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info@skyharbourltd.com NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

  • Azincourt Energy Reports Drill Mobilization at the East Preston Uranium Project
    GlobeNewswire

    Azincourt Energy Reports Drill Mobilization at the East Preston Uranium Project

    Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin Saskatchewan Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin Saskatchewan Figure 2: 2021 Drill Target areas at the East Preston Uranium Project Figure 2: 2021 Drill Target areas at the East Preston Uranium Project Figure 3: Project Location – Western Athabasca Basin, Saskatchewan, Canada Figure 3: Project Location – Western Athabasca Basin, Saskatchewan, Canada VANCOUVER, British Columbia, Feb. 19, 2021 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to report both drill rig and crew have been mobilized on site to begin the 2021 winter exploration program at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada. The 2021 exploration program will be a minimum 10-12 hole, 2000-to-2500 meter diamond drill campaign. Drilling is anticipated to begin this weekend. TerraLogic Exploration and Bryson Drilling have been contracted to execute the drill program, which is being conducted under the guidance and supervision of Azincourt’s Exploration Manager, Trevor Perkins, P.Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic Exploration. As previously reported targeting for the 2021 drill program is the conductive corridor from the A-Zone through to the G-Zone (Figures 1 and 2) and is based on a compilation of results from the 2019 and 2020 drill programs, 2018 through 2020 ground based EM and gravity surveys, and property wide VTEM and magnetic surveys. The 2020 HLEM survey completed in December indicates multiple prospective conductors and structural complexity along the eastern edge of this corridor. Drilling in the A zone suggests this structural corridor hosts significant graphitic packages within strongly sheared and faulted host lithologies, indicating an environment conducive to fluid movement and uranium deposition. Drilling will start in the AB-Zone and continue southwest along the G-Zone (see Figure 2). “Naturally, we’re eager to get the drill program underway,” said Alex Klenman, President and CEO. “The most exciting part of what we do is drilling. We’re only 12 holes into East Preston, and to date the data generated is suggesting we’re getting closer to a potential discovery. The data is strong, and it is reflected through multiple exploration activities that essentially stack on top of one another. This coincidental layering creates very strong targets. We have dozens of targets to test, we’re really only scratching the surface,” continued Mr. Klenman. Once drilling has commenced the Company will issue a news release and will follow up with regular reports as the program progresses. Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin Saskatchewan:https://www.globenewswire.com/NewsRoom/AttachmentNg/f1c8e9c5-1d12-4592-8b2b-00f1f5ca554c Figure 2: 2021 Drill Target areas at the East Preston Uranium Project:https://www.globenewswire.com/NewsRoom/AttachmentNg/96987719-11c8-4950-99da-0f14629e1fd7 Figure 3: Project Location – Western Athabasca Basin, Saskatchewan, Canada:https://www.globenewswire.com/NewsRoom/AttachmentNg/b73eb9ee-dbe4-4e5c-a2e7-79ec086a0c22 About East Preston Azincourt currently controls a 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). Multiple prospective conductive, low magnetic signature corridors have been discovered on the property. These 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 & CEOTel: 604-638-8063info@azincourtenergy.com Azincourt Energy Corp.1430 – 800 West Pender StreetVancouver, BC V6C 2V6www.azincourtenergy.com