Geophysical Survey Generates Numerous High-Quality Targets at East Preston Project, Athabasca Basin
Geophysical Survey Generates Numerous High-Quality
Targets at East Preston Project, Athabasca Basin
Vancouver B.C., March 7, 2018 - AZINCOURT ENERGY CORP. (“Azincourt” or the
“Company”; TSXV: AAZ, OTC: AZURF) is pleased to announce the completion of HLEM and
Gravity geophysical surveys for the Company’s East Preston project, a highly prospective uranium
project located in the western Athabasca Basin, Sas katchewan, with option partners Skyharbour
Resources Ltd. and Clean Commodities Corp.
Numerous, high quality drill targets have been gene rated from the 50 line km surveys. Detailed
interpretation work is underway to generate targets for future drill testing incorporating the detaile d
gravity survey results.
East Preston Program highlights
• 50 line km of Horizontal Loop Electromagnetic (HLEM ) and ground gravity surveys completed
on multiple grids across the East Preston property (see Figure 1 Survey Map)
• Excellent basement conductors confirmed and ground- truthed for follow-up – numerous targets
identified on every grid surveyed
• Detailed geophysical interpretation is on-going to qualify and prioritize drill targets for future
drill testing using established Athabasca uranium deposit criteria
• The Winter Exploration Program completed will satis fy year one of the JV Option with
expenditures exceeding the agreement threshold
• These positive results support the Company’s position to enter year two of the JV Option
Figure 1: VTEM Survey Map
East Preston Project 2017 Geophysical Results
Azincourt engaged a highly experienced geophysical consultant, Mr. Lawrence Bzdel, PGeo, to
plan and oversee the geophysical surveys and interp ret all recently acquired data alongside the
historical exploration work and results.
Paterson Geophysics Ltd completed the 50 line km of HLEM survey work and MWH Geo-Surveys
completed the 50 line km of ground gravity surveying based out of a temporary camp established on
the project. Survey work was completed in January-F ebruary with camp and crew demobilization
February 22.
The HLEM data was collected with a 200 m Transmitte r-Receiver separation, and 50 m station
intervals. The survey was designed to accurately identify multiple conductor systems in this shallow
depth to basement environment. Unconformity-related uranium deposits are often associated in
proximity to basement conductive trends and represent a first order criterion for discovery.
The Gravity survey recorded measurements at 50 m st ation intervals along grid lines. Subtle gravity
low anomalies can highlight areas of alteration and structural disruption. Gravity highs may
represent basement topography, which are also assoc iated with unconformity-related uranium
deposits. Initial interpretation work has confirmed the prospective, often highly complex, basement
conductor architecture at East Preston.
“We’re very encouraged with the work to date at Eas t Preston,” said Alex Klenman, president &
CEO. “The Winter ground geophysical program genera ted numerous high-quality targets,
establishing conductors and multiple conductor syst ems on all survey grids. This is very positive
news and continues to speak directly to the excelle nt potential of the project,” continued Mr.
Klenman.
Detailed interpretation work will incorporate all d ata, historical and the present gravity and HLEM
data to generate, rank and prioritize targets for f uture follow-up drill testing. Based on the
interpreted number and quality of the conductor tre nds, the Company expects to generate enough
targets for several drill programs.
Figure 2: Area Map
East Preston JV Option
With the completion of the 2018 exploration program and accompanying interpretation work and
reporting, Azincourt will have satisfied the explor ation work commitment expenditure requirements
for year one of the JV Option. The quality and numb er of targets identified at East Preston support
the Company continuing the JV Option into year two.
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian
regulatory requirements set out in National Instrum ent 43- 101 and reviewed on behalf of the
company by Ted O’Connor, P.Geo. a director of Azinc ourt Energy Corp., as well as a qualified
person.
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 lithium, uranium, cobalt
and other critical clean energy elements. The Comp any is currently active at its joint venture
lithium exploration projects in the Winnipeg River Pegmatite Field, Manitoba, Canada, and at its
East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada.
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