Azincourt Energy Provides Update on the Harrier Uranium Project
Azincourt Energy Provides Update on the
Harrier Uranium Project
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) -
AZINCOURT ENERGY CORP.
(TSXV: AAZ) (OTCQB: AZURF)
("
Azincourt
" or the "
Company
"), is pleased to provide an update on
compilation work on the recently acquired Harrier Project in the Central Mineral Belt in Labrador,
Canada.
SUMMARY
Azincourt's 49,400 ha Harrier Project, which also contains the Company's existing
Snegamook Uranium Deposit
,
is directly adjacent to and on trend with Atha Energy's
Moran
Lake C
(9.6 Mlbs U
O
) and
Anna Lake
(4.9 Mlbs U
O
) deposits, and Paladin Energy's
Michelin
Project
(127.7 million lbs U
O
).
In addition to the Snegamook Deposit,
high-grade uranium has been identified elsewhere at
Harrier Lake
- with surface samples up to
7.48% U
O
and
14 mineralized zones across the
property.
Minimal historic drilling
(124 holes) leaves significant
untapped discovery potential.
Azincourt's 2025 field work and 2026 drill program
aim to unlock value across this
underexplored, uranium-rich corridor.
Central Mineral Belt: A Re-Emerging Uranium Frontier
Labrador's Central Mineral Belt ("CMB") is one of Canada's most underexplored yet highly prospective
uranium regions. Known for its numerous uranium and base metal deposits and showings, the CMB has
seen renewed interest due to growing global demand for secure, domestic uranium supply as countries
aim to increase nuclear power capacity to meet net-zero emissions goals.
The CMB hosts multiple large-scale uranium discoveries, including Paladin Energy's Michelin Uranium
Project (127.7 million lbs U
O
), the Moran Lake C Deposit (historical resource of 9.6 Mlbs U
O
and
11.8 Mlbs V
O
), and the Anna Lake Deposit (historical resource of 4.9 Mlbs U
O
). These known
resources demonstrate the Belt's exceptional uranium endowment - but vast areas remain
underexplored, with modern techniques only recently being applied across the region.
With its stable jurisdiction, historical high-grade discoveries, and modern exploration momentum, the
CMB is emerging as one of North America's most exciting uranium exploration corridors.
Figure 1: Azincourt land position overlain on the geology of the Central Mineral Belt, Labrador,
Canada
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/251669_82b756cd3479784a_002full.jpg
The Harrier Project: A Strategic Position in the CMB
Azincourt's Harrier Project - now expanded to include its previously acquired Snegamook Deposit -
at
49,400 hectares represents one of the largest land positions in the Central Mineral Belt. The Harrier
Project straddles key uranium-bearing structural corridors directly adjacent to and on trend with Atha
Energy's Moran Lake and Anna Lake projects, and Paladin Energy's Michelin project - placing Azincourt
at the center of a proven and growing uranium camp.
The Harrier Project, with over a dozen known uranium mineralization zones and surface rock samples
grading up to 7.48% U
O
(and >1.0% U
O
in 10 distinct zones), offers a rare combination of grade,
scale, and geological continuity. Notably, only 124 drill holes (19,851 metres total, over half of this on the
former Snegamook project area) have ever been completed across the combined property - leaving
ample opportunity for new discovery with modern methods.
Harrier Project and Snegamook Deposit: Uranium Mineralization and Geology
Figure 2: Azincourt's Harrier Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/251669_82b756cd3479784a_003full.jpg
The Harrier Project includes
14 identified zones
containing known uranium mineralization
. At this
time, we are providing additional information on two areas which cover four of these prospects, the
Moran Heights Prospect and the Boiteau Lake area. These areas are along trend to the northeast from
the Moran Lake C uranium deposit.
Additional prospects and areas will be disclosed further as the compilation progresses and field work to
confirm and examine the property is undertaken. The Snegamook Deposit and prospect to its southeast
were discussed in a news release dated
March 18, 2025
.
Moran Heights Prospect
The Moran Heights Prospect is underlain by a sequence of sandstone, conglomerate and minor
intercalated volcanic flows. These rocks are overlain by a thick sequence of subaerial bimodal volcanic
rocks ranging from andesite and basaltic andesite to ignimbrites and rhyolite.
The prospect is along
trend of, and in a similar geologic setting as the Moran Lake C uranium deposit.
Several companies have been involved in working the area over the years. Uranium was initially
discovered in 1978 with the initial showing consisting of 11 boulders averaging 0.66% U
3
O
8
.
In 1979
one drill hole returned 0.062% U
3
O
8
/ 0.3 m, and a boulder sample collected that same year averaged
2.36% U
3
O
8
.
Trenching uncovered a slightly mineralized outcrop with a sample returning 44 ppm U. An
extensive field program in 2006 consisted of 25 reconnaissance drill holes which retuned varying
amounts of uranium up to 0.2% U
3
O
8
.
In addition, boulder sampling returned grades up to 3.74% and
include an outcrop sample that assayed 5.83% U
3
O
8
.
In 2024, Koba Resources Inc. ("Koba") collected
high-grade samples of 7.2% (boulder) and 7.48% U
3
O
8
(outcrop). In addition, historical results include
an outcrop sample that assayed 5.83% U
3
O
8
.
Figure 3: General geology map of the Moran Heights area.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/251669_82b756cd3479784a_004full.jpg
The Boiteau Group
The Boiteau group consist of 9 licences covering 15,700 ha.
This is the northernmost block of the Harrier
Project and straddles the Kanariktok Bay Shear Zone (KSZ, Figure 1). The licences are underlain by a
sequence of sandstone, conglomerate, and massive volcanic flows.
Airborne magnetics, Landsat imagery, air photo interpretation and ground investigation identified a 12
km long, northeast trending structural corridor located in the heart of the Boiteau claims. Although only a
portion of this structural feature has been prospected in detail, significant uranium mineralization was
found in 2008 in nine separate bedrock showings over a strike length of nearly 4.5 km.
The
Boiteau
Prospect
returned very high grades, including 1.48% U
3
O
8
and 1.10% U
3
O
8
.
The source of these
boulders has yet to be determined.
During the summer of 2024, Koba investigated a series of airborne radiometric anomalies, identifying
additional high-grade uranium at the
Goshawk Prospect
, located 4.5 km east of the Boiteau Prospect,
along a 1.25 km long radiometric anomaly. A boulder sample returned 3.68% U
3
O
8
and 1.21% Pb.
During the same program, the
Falcon Prospect
was identified, located 6 km south-southwest of the
Boiteau Prospect, along a 700 m long airborne radiometric anomaly.
A boulder sample returned 0.33%
U
3
O
8
.
The Company is continuing to compile additional details of historical drilling and recent groundwork at
the Harrier Project and will provide more details as the process advances. Planning is underway for
additional prospecting and ground truthing of anomalies during the summer of 2025. An initial summer
program is being planned to evaluate additional anomalies, examine existing prospects, and examine
historical drill core for the Snegamook Deposit in advance of a significant field program in 2026 which
will include diamond drilling. Efforts will also be made to locate historical reconnaissance drill core for
the Moran Heights area.
"As we dig into the data we are receiving for the Harrier Project, the amount of work to be completed
and the opportunities for discovery this presents are phenomenal," commented Trevor Perkins, Vice
President of Exploration. "The acquisition of this underexplored land package in the center of the CMB is
game-changing for Azincourt," continued Mr. Perkins.
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 on behalf of
the Company by C. Trevor Perkins, P.Geo., Vice President, Exploration of Azincourt Energy, and a
Qualified Person as defined by National Instrument 43-101.
About Azincourt Energy Corp.
Azincourt 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 East Preston uranium project located in the
Athabasca Basin, Saskatchewan, and its Snegamook and Harrier uranium projects, located in the
Central Mining Belt of Labrador.
*
The historical results, interpretation and drill intersections described here in have not been verified
and are extracted from news releases issued by Koba, specifically on April 11, 2024, and August 20,
2024, which can be found at https://kobaresources.com/investors/asx-announcements/. The Company
has not completed sufficient work to confirm and validate any of the historical data contained in this
news release. The Company considers the historical work a reliable indication of the potential of the
Harrier Project and the information may be of assistance to readers.
The information on the Michelin, Morin Lake C, and Anna Deposits has been extracted from the
websites and investor presentations of Paladin Energy Limited and Atha Energy Corp.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
"Alex Klenman"
Alex Klenman, President & CEO
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
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain certain "Forward-Looking Statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect",
"target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking
statements or information. Such statements represent the Company's current views with respect to
future events and are necessarily based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political, and social risks, contingencies and uncertainties. Many factors, both known and
unknown, could cause results, performance, or achievements to be materially different from the
results, performance or achievements that are or may be expressed or implied by such forward-
looking statements. The Company does not intend, and does not assume any obligation, to update
these forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and information other than as required
by applicable laws, rules, and regulations.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/251669