News release
UR
Vancouve
“Company
upcoming
Athabasca
The 2018 -
approxima
priority t a
venture wi
in which A
Azincourt
The Comp
generated
refining ad
The work
electromag
helicopter
Ground-tru
conductor
a gravity
potentially
prioritizing
The Main
offset bre a
unconform
upgraded/e
AZIN
RANIUM
r B.C., Au
y”) (TSX.V
winter wor k
a Basin, Sask
-19 winter
ately 2000-2
argets. The
ith Skyharbo
Azincourt can
t Geophysic
pany comple
a significa n
dditional targ
included 51
gnetic (HL E
VTEM cond
uthing wor k
axes for futu
low signat u
y, uranium
g targets for
Grid sho w
aks in the v
mity uraniu m
enhanced pro
NCOURT
PROJEC
ugust 22, 2 0
V: AAZ, O T
k program a
katchewan, C
work prog r
500m of dia
Company a n
our Resourc
n earn 70%
cal Work W
eted a winte r
nt amount o
gets near pre
.5 km of gr i
EM), and 4 0
ductive trend
k confirmed
ure drill test
ure, which i s
mineralizati
testing first
ws multiple l
vicinity of i n
m deposits. T
ospectivity t
ENERGY
CT, ATHA
018 - A Z IN
TC: AZU R
at the East P
Canada.
ram is plan n
amond drillin
nnounced e
ces (TSX.V:
interest in th
Winter 2018
r geophysica
of new drill
evious drillin
id preparatio
0.6 km of g
ds.
the airborn
ting. The gra
s o f t e n a s so
ion. The c o
.
long linear
nterpreted f a
Th e s e a r e n
targets becau
Y TO DRIL
ABASCA B
NCOURT
RF), is ple a
Preston ura n
ned to beg i
ng designed
arlier this y
SYH) and
he 25,000+ h
al exploratio
targets wit h
ng along the
on (line cutti
ground grav
e conductiv
avity survey
ociated with
ombination/s
conductors
ault lineam e
ot just sim p
use of the str
LL EAST
BASIN, SA
ENERGY
ased to pro v
nium projec
in after mi d
d to test sev e
year that it
Clean Comm
hectare proje
on program i
hi n t h e p r ev
Swoosh cor
ing/picketing
ity along t h
ve trends an d
identified ar
alteration,
stacking of
with flexur
ents – class i
ple baseme n
ructural com
T PRESTO
ASKATCH
CORP. ( “A
vide an up d
ct, located i n
d-November
eral previous
entered y ea
modities Co
ect.
in January-F
viously unte
rridor.
g), 46.1 km
he previous l
d more acc u
reas along th
fault/structu
positive f e
ral changes
ic targets f o
nt conductor
mplexity.
ON
HEWAN
Azincourt”
date regard i
n the south w
r and will i
sly identified
ar two of i t
orp (TSX.V:
February 20
sted corrid o
of horizonta
ly known a i
urately loca t
he conductor
ural disrupti o
eatures will
in orientati o
or basement -
s; they are
or the
ing its
western
include
d high-
ts joint
CLE),
18 that
ors and
al loop
irborne
ted the
rs with
on and
a s s i s t
on and
-hosted
clearly
Figure 1: H
Figure 1
representat
labelled as
are not di r
Lineament
the HLEM
Targets
The target
deposit a n
Athabasca
cover – t
discovered
trend and C
HLEM Surve
displays t h
tive of the e
s C1 and C 2
rectly relate
ts interpreted
M conductive
s are baseme
nd Cameco’ s
a B a s i n , w he
therefore th e
d. The proje
Cameco’s C
ey – Jan/Feb
he gridded
entire data s e
2. However,
d to graphi t
d from the a
e trends.
ent-hosted u
s E a g l e P o in
ere targets a
ey are rela t
ect ground is
entennial de
b 2018
7040 Hz i
et. The most
there are zo
te content; t h
airborne mag
unconformity
nt m i n e . Ea
are in a ne a
tively shall o
located alon
eposit (Virgin
in-phase H L
t prospective
nes of mine
herefore, the
gnetic data a
y related ura
ast Preston
ar surface e n
ow targets
ng a parallel
n River-Duf
LEM data,
e trends, bas
eralization w
e weaker tr e
are also dis p
anium depos
i s n e a r t h e
nvironment
but can h a
l conductive
fferin Lake t
which is
sed solely o n
within the Ath
ends should
played, whic
its similar to
southern e d
without At h
ave great d
trend betwe
trend).
considered
n conductivi
habasca Bas
not be dis m
ch appear t o
o NexGen’s
dge of the w
habasca sa n
depth exten t
een the PLS-
to be
ity, are
sin that
missed.
o offset
Arrow
western
ndstone
t w h e n
-Arrow
Year Two Plans
The large number and high quality of conductor trends has gener ated sufficient targets for several
drill programs. For year two, the Company is planning an approx imate 10+ hole, 2000-2500-meter
diamond drill program of inclined drill holes to test the struc turally-controlled basement uranium
deposit model. Drill targets wi ll be prioritized based on stac king of airborne and ground
electromagnetic and ground gravity geophysical data interpretat ion. Permitting work will
commence shortly.
Historical Work
The East Preston project had exte nsive regional exploration wor k completed in 2013-14, including
airborne electromagnetic (VTEM), magnetic and radiometric surve ys. Three prospective
conductive, low magnetic signature corridors have been discover ed on the property. The three
distinct corridors have a total strike length of over 25 km, ea ch with multiple EM conductor trends
identified.
Ground prospecting and sampling work completed to date has iden tified outcrop, soil,
biogeochemical and radon anomalies, which are key pathfinder el ements for unconformity uranium
deposit discovery.
Only one of the corridors has been drill tested to date, succes sfully intersecting structurally
disrupted graphitic metasedimentary rocks and anomalous pathfin der elements (including uranium)
at the Swoosh S6 target using a combination of Horizontal Loop EM (HLEM) and gravity as
primary targeting tools.
Figure 2: E
Qualified
The techni
regulatory
East Preston
Person
ical informa
requiremen
n, on the righ
ation in this
nt s s e t o u t i
ht, with neig
news releas
in National
ghboring proj
e has been p
Instrument
ojects and pr
prepared in
43- 101 a n
roximal depo
accordance
nd reviewe d
osits
with the C a
d on behalf
anadian
of the
company b
person.
About Azi
Azincourt
exploration
other critic
exploration
Preston an
ON BEHA
“Alex Klen
Alex Klen
Neither th
the policie
this releas
This pre s
expectatio
and uncert
any such
developme
forward-lo
currently a
vary mater
For furthe
Alex Klen
Tel: 604-6
info@azin
Azincourt
1430 – 800
Vancouver
by Ted O’ C
incourt Ene
Energy is a
n and deve l
cal clean e n
n p r o j e c t s i
nd Patterson
ALF OF TH
nman”
nman, Presid
e TSX Vent u
es of the TS X
e.
ss release
ns and objec
tainties, man
statements
ents may di f
ooking info r
available. N
rially.
er informati
nman, Presid
638-8063
ncourtenergy
Energy Corp
0 West Pend
r, BC V6C 2
Connor, P.G e
ergy Corp.
a Canadian-b
lopment of a
nergy elemen
n the Win n
Lake North
HE BOARD
dent & CEO
ure Exchang
X Venture E
includes “
ctives for fu
ny of which
are not g
ffer material
rmation re p
No forward-lo
ion please co
ent & CEO
y.com
p.
der Street
2V6
eo. a direct o
based resour
alternative e
nts. The C o
nipeg River
uranium pro
D OF AZINC
O
ge nor its r e
Exchange) ac
“forward-loo
uture operatio
are beyond
guarantees o
lly from tho
presents m a
ooking state
ontact:
or of Azinc o
rce company
energy/fuel p
ompany is c u
Pegmatite F
ojects in the
COURT EN
egulation ser
ccepts respo
oking state m
ons that are
the control o
of future p
se projected
anagement’s
ement can be
ourt Energ y
y specializi n
projects, in c
urrently acti
Field, Mani t
Athabasca B
NERGY CO
rvices provid
onsibility for
ments”, in c
subject to a
of Azincour
performance
d in the for w
s best jud g
e guaranteed
y Corp., as w
ng in the st r
cluding ura n
ive at its jo i
toba, Cana d
Basin, Saska
ORP.
der (as that
r the adequ a
cluding fo r
a number of
rt. Investors
e and that
ward-looking
gment base d
d and actual
we l l a s a qu
rategic acqu
nium, lithiu m
int venture l
da, and at i t
atchewan, Ca
term is de fi
acy or accu r
recasts, est i
assumptions
s are caution
actual res u
g statements.
d on infor m
future resul
ualified
uisition,
m, and
lithium
ts East
anada.
fined in
racy of
imates,
s, risks
ned that
ults or
. Such
mation
lts may
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