Azincourt Energy Samples High-Grade Lithium Oxide (Li2O) at the Lithium One Project, Southeast Manitoba
AZINCOURT ENERGY SAMPLES HIGH-GRADE LITHIUM OXIDE (Li2O)
AT THE LITHIUM ONE PROJECT, SOUTHEAST MANITOBA
• Assays up to 4.1% Li2O received from the Silverleaf Pegmatite
• Additional high-grade samples return 3.04%, 3.37% and 3.90% Li2O
• High purity spodumene blade sample from Silverleaf assays 8.76% Li2O
• Samples also return up to 6.1% Rb2O (Rubidium Oxide)
Vancouver B.C., November 13, 2018 - AZINCOURT ENERGY CORP. (“Azincourt” or the
“Company”) (TSX.V: AAZ, OTC: AZURF) , in conjunction with its JV partner, New Age Metals
(TSX.V: NAM), is pleased to announce exploration re sults from the Lithium One Project, located
125 kilometers northeast of Winnipeg, Manitoba, as part of the Winnipeg River Pegmatite Field.
Crews have been active at Lithium One throughout la te summer and into the fall executing a
comprehensive ground reconnaissance program (detail ed mapping and sampling) designed to help
prioritize targets for upcoming drill programs. Sa mpling at Lithium One has generated significant
results, with several returning high-grade lithium oxide (“Li2O”). Nine samples exceeded 2%
Li2O, five samples exceeded 3% Li2O and two samples exceeded 4% Li2O. See table below:
Silverleaf Pegmatite – Lithium One Project – 2018 A ssay Results
Sample # UTM E UTM N Type Li2O % Cs2O Rb2O Ta2O5
172176 332224 5580074 Assay 2.56 0.14 5.07 0.01
172177 332224 5580074 Assay 0.06 0.05 1.13 0.00
172178 332224 5580074 Assay 2.63 0.17 5.26 0.01
172179 332173 5580096 Assay 2.71 0.02 0.13 0.01
172181 332172 5580093 Assay 1.81 0.05 0.63 0.00
172182 332169 5580091 Assay 4.09 0.00 0.03 0.00
172183 332169 5580091 Assay 3.90 0.00 0.03 0.00
172184 332169 5580091 Fractionation 0.04 0.00 0.01 0.00
172185 332187 5580090 Fractionation 8.76 0.01 0.05 0.01
172186 332183 5580090 Assay 3.04 0.18 5.56 0.02
172187 332214 5580082 Assay 2.54 0.15 5.54 0.01
172188 332228 5580090 Assay 3.37 0.14 6.11 0.01
Table 1: Silverleaf Pegmatite – 2018 Sample Assay R esults (see Figure 3 for sample locations)
Samples were obtained from the surface exposure of the Silverleaf Pegmatite. Samples include grab
and channel samples with the dominant geological un it exposed on surface being the Spodumene-
Lepidolite Zone. Sample locations are referenced i n accompanying Figure 3. The Annie and other
pegmatites from the Lithium One Project have also b een sampled and assay results are currently
pending.
“These are excellent results at Lithium One, the nu mbers are significant,” said president & CEO,
Alex Klenman. “These high-grade samples, combined with our earlier results at the Lithium Two
Project, have provided important data that is not o nly extremely beneficial in the identification of
priority drill targets, but they also greatly enhan ce our understanding of the project potential. With
each round of results the viability of the projects become more compelling. We are excited to
progress to drill stage and begin to unlock that potential,” continued Mr. Klenman.
Drill permits have been applied for on the Lithium Two and Lithium One Projects and the company
is awaiting approval from the province. Drilling will commence once the permits are approved.
High Purity Spodumene
In an effort to determine the purity of the spodume ne, a sample of spodumene blade (sample #
172815) was extracted from the Silverleaf Pegmatite and sent for analysis. This sample yielded an
assay value of 8.76% Li2O. A review of spodumene m ineral data indicates that spodumene crystal
can contain Li2O content from 3.73% to 8.03% Li2O. This would suggest that the spodumene
crystals present in the Silverleaf Pegmatite are of a very high lithium content.
Rubidium Oxide
In addition to the high-grade lithium oxide (Li2O) results, several samples also returned significant
amounts of rubidium oxide (Rb2O). Rubidium oxide i s a highly insoluble thermally stable
rubidium source suitable for glass, optic and ceram ic applications. It is recovered commercially
from lepidolite as a by-product of lithium extracti on. Rubidium’s principle application is in
specialty glasses used in fiber optic telecommunica tions systems, in addition to night-vision
devices, photoelectric cells and photomultiplier tubes.
Figure 1: Map showing the eight project locations in the AAZ-NAM JV portfolio, SE Manitoba
This Pegmatite Field is host to the world-class Tan co Pegmatite, which has been mined since 1969
for tantalum, cesium, and spodumene. Historically t he Lithium One Project area is known for the
presence of numerous surface pegmatites of various dimensions and compositions.
The Silverleaf Pegmatite (Figure 3) is a zoned comp lex lithium-bearing pegmatite with a surface
exposure of approximately 80 meters x 45 meters. Th e pegmatite is exposed in the northeast and
strikes under cover to the southwest. Samples take n from the Lepidolite-Spodumene Zone yielded
assays from 1.81% to 4.09% Li2O and 0.63% to 6.11% Rb2O.
Figure 2: Historical pegmatite location map – north ern portion, Lithium One Project
The Lepidolite-Spodumene Zone is approximately 50 meters x 20 meters in size and extends into an
historic excavated open pit. The historic open pit area originates from the late 1920s, when a bulk
sample of spodumene was mined from the southwest si de of the Silverleaf Pegmatite. Large scale
mining operations were not undertaken at that time. The area has seen sporadic exploration activity
over the years with focus on base metals and tantalum with minor exploration for lithium.
Figure 3: Geological mapping & sample locations, Silverleaf Pegmatite, Lithium One Project
In geological terms, the Silverleaf Pegmatite and o thers encountered on the Lithium One Project are
LCT Type (Lithium-Cesium-Tantalum) Pegmatites. The spodumene blades at the surface of the
Silverleaf Pegmatite can reach a length of up to 40 centimeters and a width of 10 centimeters (see
Figures 4 and 5). The spodumene blades are surround ed by lithium bearing purple micas
(lepidolite).
Figure 4: Spodumene – Lepidolite Zone, Silverleaf Pegmatite, Lithium One Project
Figure 5: Spodumene blades – Lithium One Project – Silverleaf Pegmatite
QA/QC Protocol
All samples were analyzed at the Activation Laborat ories facility, in Ancaster, Ontario. Samples
were prepared, using the lab’s Code RX1 procedure. Samples are crushed, up to 95% passing
through a 10 mesh, riffle split, and then pulverize d, with mild steel, to 95%, passing 105 μm.
Analyses were completed, using the lab’s Ultratrace 7 Package; a Sodium Peroxide Fusion which
allows for total metal recovery and is effective fo r analysis of Sulphides and refractory minerals.
Assay analyses are carried out, using ICP ‐OES and ICP ‐MS instrumentation. New Age Metals
implemented a QA/QC field program with insertion of blanks at regular intervals. Activation
Laboratories has their own internal QA/QC procedures that it carries out for all sample batches.
Azincourt Energy – New Age Metals Lithium Joint Ven ture
The pegmatites in this region of southeast Manitoba are described as being a part of the Winnipeg
River Pegmatite Field. Several large lithium-beari ng pegmatites exist in this region and exploration
activity in the region is increasing. This pegmatit e field is host to the world-class Tanco Pegmatite,
which is a highly fractionated Lithium-Cesium-Tanta lum (LCT Type) pegmatite and has been
mined in varying capacities since 1969. The LCT-typ e pegmatites can contain large amounts of
spodumene (one of the primary ores used in hard roc k lithium extraction) and are a primary
geological target in hard rock lithium exploration. They also can contain economic qualities of
tantalum and cesium as well as other lithium bearin g minerals such as mica. With eight projects
totalling over 14,000 hectares the Azincourt-New Ag e JV is the largest claim holder for Lithium
Projects in the Winnipeg River Pegmatite Field.
Qualified Person
The contents contained herein that relate to Explor ation Results or Mineral Resources is based on
information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New
Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and
has reviewed and approved the technical content of this news release.
About Azincourt Energy Corp.
Azincourt Energy is a Canadian-based resource compa ny specializing in the strategic acquisition,
exploration and development of alternative energy/f uel projects, including uranium, lithium, and
other elements critical to the future.
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 r esponsibility for the adequacy or accuracy of
this release.
This press release includes “forward-looking statem ents”, including forecasts, estimates,
expectations and objectives for future operations t hat are subject to a number of assumptions, risks
and uncertainties, many of which are beyond the con trol of Azincourt. Investors are cautioned that
any such statements are not guarantees of future pe rformance and that actual results or
developments may differ materially from those proje cted 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