Azincourt Energy Samples 6.28% U3O8 at Harrier Uranium Project High-grade uranium mineralization confirmed across the Harrier Uranium Project, including the Snegamook Uranium Deposit , Moran Heights , Brook, and newly identified showings
Azincourt Energy Samples 6.28% U3O8 at
Harrier Uranium Project
High-grade uranium
mineralization confirmed across the Harrier Uranium Project, including the
Snegamook Uranium Deposit
,
Moran Heights
,
Brook,
and
newly identified showings
,
reinforcing the project's district-scale potential.
Snegamook Uranium Deposit re-sampling confirmed high-grade uranium
, validating
historic results and highlighting potential for
higher-grade lenses within the deposit
.
Multiple surface samples returned high-grade uranium
, including
6.28% U
O
at the Brook
showing
and
up to 2.27% U
O
along the Moran Heights trend
, demonstrating strong near-
surface mineralization across the property.
Two new uranium showings identified
at
Boiteau Lake North Extension
and
Anomaly 7
East
, expanding the known footprint of uranium mineralization.
Snegamook Uranium Deposit prioritized for 2026 drilling
, with historical drilling confirming
uranium mineralization over
20-50 m widths
in the same geological setting as the nearby on-trend
Two Time Zone Deposit.
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) -
AZINCOURT ENERGY
CORP.
(TSXV: AAZ) (OTCQB: AZURF)
("
Azincourt
" or the "
Company
"), is pleased to announce that
assay results have been received for samples collected during the summer 2025 prospecting program
at its Harrier Uranium Project (the "Harrier Project"), located in the Central Mineral Belt in Newfoundland
& Labrador, Canada.
Harrier Project
Azincourt's Harrier Project covers 49,400 hectares over five distinct licence groups, representing one of
the largest land positions in the Central Mineral Belt. The Harrier Project contains the Company's
Snegamook Uranium Deposit and straddles key uranium-bearing structural corridors directly adjacent to
and on trend with Atha Energy's Moran Lake (9.6 Mlbs U
O
and 11.8 Mlbs V
O
) and Anna Lake (4.9
Mlbs U
O
) deposits, and Paladin Energy's Michelin deposit (127.7 million lbs U
O
) - 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 Uranium Deposit area) have ever been completed across the combined property,
leaving ample opportunity for new discovery with modern methods.
2025 Summer Work Program
The summer 2025 work program (see news release dated Oct 1, 2025) consisted of helicopter
supported reconnaissance of existing identified uranium occurrences and prospecting of previously
identified radiometric anomalies.
"We are very encouraged by the results of the summer 2025 program," commented Trevor Perkins,
Azincourt Energy's VP of Exploration.
"The assay results have demonstrated that the potential for high-
grade uranium deposits exist on the Harrier Project. We have no shortage of targets that have returned
decent uranium values and now require drilling to realize their full potential", continued Mr. Perkins.
Snegamook Uranium Deposit
At the Snegamook Uranium Deposit area, a 10 cm check sample collected from drill hole SN-08-06
returned a grade of 2.71% U
3
O
8
.
This sample came from an interval where historical sampling had
indicated 0.97% U
3
O
8
/ 0.5 m.
This was the best mineralized interval from the historical drilling on the
Snegamook Uranium Deposit. A 10 cm check sample collected from SN-08-18, which intersected the
uranium showing to the southeast of the Snegamook deposit (Figure 5), returned 0.35% U
3
O
8
.
These
samples confirm the quality of mineralization within the vicinity of the Snegamook deposit and highlight
the potential for higher grade lenses within the deposit itself.
The Snegamook Uranium Deposit will be the priority for the Summer 2026 drill campaign, where drilling
in 2007 and 2008 to follow up a radon gas anomaly identified uranium mineralization located 1.3 km
along strike to the southeast of the Two Time Zone (Indicated and Inferred resource of 5.55 Mlb U
3
O
8
,
Silver Spruce Resources, June 2008).
17 drill holes intersected a 20 to 50 m wide section of uranium
bearing brecciated and altered monzodiorite with moderate to strong chlorite, hematite and carbonate
alteration, the same geological setting as the Two Time Zone. (Figure 5)
Moran Heights and New Areas
Sampling along the Moran Heights trend returned up to 2.27% U
O
.
Drilling will be required to trace this
mineralization under the nearby escarpment.
Moran Heights is approximately 8 km along strike to the
northeast of Atha Energy's Moran Lake uranium-vanadium deposit (9.6 Mlbs U
O
and 11.8 Mlbs V
O
)
with a similar geologic setting. At Moran Lake uranium mineralization occurs in two zones labelled as
Upper C Zone and the Lower C Zone.
Within the Upper C Zone, mineralization is hosted within
brecciated, variably hematite-altered mafic volcanics and haematitic cherts, and the Lower C Zone hosts
uranium mineralization within chloritized sandstones.
At the Brook showing, a sample returned 6.28% U
O
, where previous sampling had given 4.86% U
O
.
This showing is a small showing where focussed ground based radiometric surveys, soil sampling and
trenching will be employed to trace mineralization under surrounding cover.
Two new uranium showings were identified in outcrop in the Boiteau Lake area, called Boiteau Lake
North Extension, and in boulders and outcrop east of the Anomaly 7 area, called Anomaly 7 East.
On the Minisinakwa claim group, two boulder samples returned grades of 1.02% and 1.79% U
O
in a
magnetite rich metasediment.
The source of the mineralized boulders is still unknown on this trend.
43 hand samples were collected and sent to ACT Labs in Ancaster, Ontario for analysis.
Assay results
have been received and are given in Table 1.
Results are very promising and demonstrate the potential
of the project lands to host multiple uranium deposits.
Table 1:
Uranium Assay Results from 2025 prospecting program.
Sample Number
Claim
Type
Area
% U3O8
SRC698001
032169M
Outcrop
0.14
SRC698002
032168M
Boulder
Moran Heights
2.27
SRC698003
032249M
Outcrop
Anomaly 17
0.19
SRC698004
032239M
Outcrop
Whisky Jack
0.06
SRC698005
033544M
Outcrop
Whisky Jack
0.01
SRC698006
033544M
Outcrop
Whisky Jack
0.08
SRC698007
032225M
Boulder
Minisinakwa
0.72
SRC698008
032233M
Anomaly 7 East
0.52
SRC698051
033545M
Outcrop
Brook
6.28
SRC698052
036450M
core
Snegamook SN-08-18
0.35
SRC698053
036450M
core
Snegamook SN-08-06
2.71
SRC698054
033544M
Outcrop
Boiteau N Ext
0.08
SRC698101
033545M
0.14
SRC698102
033545M
0.03
SRC698103
033545M
Boulder
0.01
SRC698104
033544M
Boulder
0.01
SRC698105
032239M
Outcrop
0.03
SRC698106
032239M
Outcrop
0.06
SRC698107
033544M
Outcrop
0.00
SRC698108
033544M
Outcrop
0.14
SRC698109
027386M
Boulder
Minisinakwa
1.02
SRC698110
037744M
Boulder
Anomaly 7 East
0.11
SRC698111
032233M
Boulder
Anomaly 7 East
0.26
SRC698112
032233M
Boulder
Anomaly 7 East
0.44
SRC698151
032169M
Outcrop
0.40
SRC698153
032239M
Boulder
Whisky Jack
1.48
SRC698154
032239M
Boulder
0.36
SRC698155
032239M
Boulder
Whisky Jack
0.03
SRC698156
033544M
Outcrop
0.02
SRC698157
033544M
Outcrop
0.01
SRC698158
032170M
Outcrop
0.03
SRC698159
032233M
Boulder
Anomaly 7 East
0.15
SRC698160
032233M
Anomaly 7 East
0.48
SRC698161
032233M
Anomaly 7 East
0.15
SRC698202
027386M
Boulder
Minisinakwa
0.14
SRC698203
032169M
Outcrop
0.32
SRC698204
033545M
Boulder
0.07
SRC698205
033545M
Boulder
0.01
SRC698206
033545M
Outcrop
0.00
SRC698207
033544M
Outcrop
Boiteau N Ext
0.22
SRC698208
032225M
Boulder
Minisinakwa
1.79
SRC698209
032233M
Boulder
Anomaly 7 East
0.24
2026 Field Program
A diamond drilling program currently being planned will consist of approximately 2,000 m of drilling in 6-
10 drill holes. It is anticipated that the program will commence once the snow melts and lakes are ice
free. The majority of the drilling will be conducted on the Snegamook Uranium Deposit; however, a few
holes will target other showings in preparation for a larger program to follow.
Ground based grided
radiometric surveys and soil sampling will be conducted over several showings to refine target locations
for drilling.
Anomaly 7 and Boiteau Lake are both considered drill ready targets at this time, while the
Brook and Minisinakwa showings, where the some of the better assay samples were collected, both
require additional prospecting to refine initial drill targets.
In 2008, a preliminary resource estimate for the Snegamook Uranium Deposit was prepared by Silver
Spruce Resources, however it was never finalized in a report or filed.
Work to be conducted as part of
the 2026 drill program will include:
Rehabilitate and examine drill core from the Snegamook Uranium Deposit at the Kanairiktok core
storage.
Engage an independent QP to examine the available core and consult on additional drilling at the
deposit as part of preparing a maiden resource estimate.
Twin key drill holes at the deposit to confirm historical mineralization.
Conduct additional drilling to expand the size of the existing deposit.
Diamond drilling and preparing an updated NI 43-101 compliant resource for this deposit will be a
priority for Azincourt.
It is anticipated that the drilling planned in 2026 will be sufficient to prepare a
resource estimate.
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/6137/281012_c0bac077447188d6_002full.jpg
Figure 2: Azincourt's Harrier Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/281012_c0bac077447188d6_003full.jpg
Figure 3: Map of uranium sample locations from 2025 summer prospecting program.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/281012_c0bac077447188d6_004full.jpg
Figure 4: West block of the Harrier Project with uranium showing locations and 2025 uranium samples
highlighted.
Samples are coloured based on % U
3
O
8
.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/281012_c0bac077447188d6_005full.jpg
Figure 5: Snegamook and Two-Time Zone mineralization map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6137/281012_c0bac077447188d6_006full.jpg
About the Central Mineral Belt
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.
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 Silver Spruce Resources Inc on April 24, 2008, and
August 12, 2008, as well as annual Management Discussion and Analysis documents filed on
www.sedarplus.ca
, and Koba Resources Limited 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.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/281012