Azincourt Energy Updates Upcoming Drill Program at the East Preston Uranium Project, Saskatchewan
AZINCOURT ENERGY UPDATES UPCOMING DRILL PROGRAM AT THE
EAST PRESTON URANIUM PROJECT, SASKATCHEWAN
Vancouver B.C., November 17, 2021 - AZINCOURT ENERGY CORP. (“Azincourt” or the
“Company”) (TSX.V: AAZ, OTCQB: AZURF), is pleased to provide an update on preparations for
the winter 2022 exploration program at the East Preston uranium project, located in the western
Athabasca Basin, Saskatchewan, Canada.
The primary target area for the 2022 program continues to be the conductive corridors from the A-
Zone through to the G -Zone (A-G Trend) and the K -Zone through to the Q -Zone (K-Q Trend)
(Figures 1 and 2) . The selection of these trends is based on a compilation of results from the 2018
through 2020 ground- based EM and gr avity surveys, property wide VTEM and magnetic surveys,
and the 2019 through 2021 drill programs, the 2020 HLEM survey indicates multiple prospective
conductors and structural complexity along these corridors.
The 2019-2021 drilling programs on the A-G Trend confirmed that geophysical conductors comprise
structurally disrupted zones that are host to accumulations of graphite, sulphides and carbonates.
Anomalous radioactivity has been demonstrated to exist within these structurally disrupted conductor
zones. The 2022 drilling program will target similar structurally disrupted zones prioritized on the
presence and strength of corresponding electromagnetic , magnetic and gravity geophysical
anomalies.
Winter 2022 Diamond Drilling Program
TerraLogic Exploration Inc. has been contracted to facilitate and execute a planned diamond drilling
program, which will consist of a minimum of 6 ,000m of drilling in 30- 35 drill holes. Drilling will
focus on the A-G and K-Q trends, commencing in the G Zone where t he 2021 drill program ended.
The program will continue to test the G zone to the south and then move to test the K -Q trend. The
program may be modified as results warrant.
Preparations are well underway and contractors for drilling, camp services and r oadwork have been
selected. Opening of the 60 km winter road to access the property and campsite is expected to
commence by the end of November, with camp construction in late December and into early January.
Drilling is anticipated to commence in early January utilizing two diamond drill rigs to complete the
program.
“We are excited to return to the property and continue drilling where our aborted 2021 program left
off,” said VP, Exploration, Trevor Perkins. “ This will be the largest program to date on the East
Preston project. The A-G and K-Q Trends are at the point now where drilling is the best way to test
our ideas, focus in on the most responsive areas, and confirm what these trends have to offe r,”
continued Mr. Perkins.
Permitting and Community Engagement
Permits are in place to complete all the planned work through the winter of 2022. Azincourt has been
engaged in regular meetings with the Clearwater River Dene Nation and other rights holders to ensure
that concerns of the local communities are addressed. Azincourt looks forward to a continued close
working relationship with CRDN and other rights holders to ensure that any potential impacts and
concerns are addressed and that the communities can benefit from activities in the area.
Figure 1: Target corridors at the East Preston Uranium Project, Western Athabasca Basin
Saskatchewan
Figure 2: 2022 Drill Target areas at the East Preston Uranium Project
Figure 3: Project Location – Western Athabasca Basin, Saskatchewan, Canada
About East Preston
Azincourt controls a majority interest (72%) in the 25,000+ hectare East Preston project as part of a
joint venture agreement with Skyharbour Resources (TSX.V: SYH), 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 ident ified 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., Vice President, Exploration 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
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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