Azincourt Energy Mobilizes FOR Geophysical Program at the East Preston Uranium Project
AZINCOURT ENERGY MOBILIZES FOR GEOPHYSICAL PROGRAM
AT THE EAST PRESTON URANIUM PROJECT
Vancouver B.C., November 23, 2020 - AZINCOURT ENERGY CORP. (“Azincourt” or the
“Company”) (TSX.V: AAZ, OTC: AZURF) , is pleased to announce it is undertaking a ground-
based geophysical exploration program at the East Preston uranium project, located in the western
Athabasca Basin, Saskatchewan, Canada. Crew and equipment are on site and will commence
operations immediately.
The program will be comprised of a horizontal loop electromagnetic survey (“HLEM”) to refine and
help prioritize areas where untested conductive corridors have been identified in existing property-
wide airborne VTEM survey results. A total of 33 line-km of HLEM surveying will be completed,
commencing in late November. The survey was originally scheduled for the summer but has been
delayed due to Covid-19 restrictions and disruptions.
A diamond drilling program is anticipated for follow up to continue to test prospective conductor
trends on the property. Target selection will be finalized after the Company interprets the results of
the HLEM survey and reviews the existing target inventory.
Unconformity related uranium deposits associated with the Athabasca Basin are closely associated
with basement conductive packages. VTEM surveys have identified conductive corridors within the
East Preston land package. The HLEM survey will narrow down where within these corridors drilling
should focus.
“The collection of this data and refinement of conductor locations within the identified corridors will
ensure that our highest priority areas are being targeted and tested effectively,” said Exploration
Manager, Trevor Perkins.
Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin
Saskatchewan
Figure 2: Proposed areas for upcoming HLEM survey at the East Preston Uranium Project
Patterson Geophysics of La Ronge, Saskatchewan, has been contracted for the program. They are
familiar with East Preston, having conducted previous geophysical programs on the project over the
last few years.
Figure 3: Project Location – Western Athabasca Basin, Saskatchewan, Canada
About East Preston
Azincourt 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 & 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
Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com