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Newfoundland is the place to be for Leocor Gold’s Shawn Ryan

Gold prices have historically risen in response to macroeconomic trends such as inflationary pressure and market uncertainty. As we head into another period of unprecedented economic upheaval, gold is once again emerging as a shining star in the investment universe.

One Canadian company focused on exploring and leveraging the largely unexplored region of Newfoundland, Canada, is Leocor Gold Inc. (CSE: LECR | OTCQB: LECRF). Newfoundland has a long history of mining operations, and has attracted considerable recent interest and exploration capital by a large number of gold and mineral companies.

Under CEO and Director Alex Klenman, Leocor has put together a team with the experience and expertise to explore and capitalize upon this opportunity. Leocor’s Technical Advisor Shawn Ryan is a renowned prospector who has been able to utilize his prospector skills to find valuable gold deposits. A New York Times profile went so far as to describe Ryan as “the king of a new Yukon Gold rush” before he turned his attention to the prolific Newfoundland region.

Leocor is focused on a handful of projects in the Newfoundland region, including the Western Exploit District. The company’s three contiguous projects represent a 144,000 hectare land package in the heart of Newfoundland. Ryan introduced Leocor to this project, and his data and analysis suggest this project has the potential for new gold discoveries at scale.

Property location map. Source: company website

On July 27, 2022, Leocor announced the results of a 2021 exploration program in the Western Exploit District project known as the Hodges Hill property. Their team performed soil sampling, LiDAR surveys, and airborne magnetic-VLF surveys. The results of this exploration program identified 12 potential gold targets at the Hodges Hill property. The exploration program reported soil samples that ranged from trace to 1018.5 ppb Au, with 25 samples containing more than 50 ppb Au.

Additionally, the program also suggested the likelihood of a large body of pyroxene gabbro. This material has been associated with gold mineralization in the area. Research from the Geological Survey of Canada found that pyroxene gabbro was key to the development of the Marathon Gold’s Valentine Lake deposits. The next step at this site is to perform follow-up work, such as geologic mapping, to identify high-priority targets for drill testing.

In addition to the Hodges Hill property, Leocor also announced in June that it had mobilized drilling at their Baie Verte project located in northwest Newfoundland. The company had previously announced the results of 2021 exploration activities, which identified a 7-kilometer northeast trending zone of anomalous gold in the soil and a 4-kilometer subparallel trend of anomalous copper in the soil.

Along this zone, the company identified multiple targets. These results were better than what was anticipated with this project. In particular, there is structurally controlled gold mineralization that bears similarities to the nearby Pine Cover Mine. This news led to the start of a rotary air blast (RAB) drilling program.

This program will test at least six target areas for gold and/or copper mineralization. The company plans to drill between 25 to 30 RAB holes. If the results of the program are promising, then Leocor plans to follow up with additional diamond drilling. No results have been reported yet.

The past few years have seen a new Newfoundland gold rush, with many new discoveries and companies now on the way to production. Leocor’s Technical Advisor Shawn Ryan has shown a nose for discoveries. While it is early days for Leocor, Newfoundland is definitely the place to be, and with inflation or other market forces exerting upward pressure on long-term gold, discoveries can help bring explorers to the attention of investors.




Assay results to guide Azincourt Energy discoveries at its East Preston uranium project

Azincourt Energy Corp. (TSX: AAZ | OTCQB: AZURF) (Azincourt) is a junior miner focused on uranium in the world-renowned Athabasca Basin, Saskatchewan, Canada. They also have some uranium and lithium projects in Peru which they recently agreed to option out to Oberon Uranium Corp.

Azincourt has recently completed a 5,004m 19 drill hole winter program at their East Preston Project, in the Athabasca Basin, Saskatchewan, Canada. Assay results are expected from April to June, 2022. Azincourt stated in their news release: “With the discovery of at least 1,700 meters of extensive hydrothermal alteration and elevated radioactivity, the Company considers the results of this program to be highly significant.” On the north-south trending K-Zone a “zone of localized elevated radioactivity more than 10 times background values was identified in EP0035 from both handheld scintillometers and a downhole gamma probe.”

Azincourt President and CEO, Alex Klenman, stated: “The discovery of these alteration zones, both along the same trend, covering almost two kilometers of ground within these two separate zones, is a very important development… With 5,000 meters of drilling we were able to establish 1,700 meters of alteration, that’s a pretty good ratio. We know that alteration is associated with uranium deposition, acting as a halo proximal to deposition. The area in and around these zones is now a clear priority for continued drilling. The assay results will give us a really good idea of what we’re into and we’re eager to see what comes back from the lab.”

Azincourt VP, Exploration, Trevor Perkins, stated: “The results from the winter drilling program are very encouraging… The extensive alteration zones and elevated radioactivity are significant signs that we are on the right track. Alteration and structure continue to be the key features to guide us towards discovery…”

Translated for those investors not so familiar with mining terminology, the drill results at the East Preston Project are very promising and point toward the potential discovery of uranium; however, we won’t know for sure until we get the assay results from April to June, 2022.

Location map showing Azincourt’s tenements at the East Preston Project and nearby projects and mines (including Cameco) in Canada’s renowned high grade uranium Athabasca Basin

Source: Azincourt Energy Corp.

$5.1 million Private Placement and 2.5-to-1 Share Consolidation

In what appears to be another positive indicator for Azincourt, not long after completing their East Preston drill program, they were able to raise C$5,101,000 in a non-brokered private placement with institutional investors. Azincourt also completed a 2.5-for-1 share consolidation.

More about Azicourt Energy and their 3 projects

Azincourt’s projects include:

  • East Preston Project (72% interest) – A uranium project in the Athabasca Basin, Saskatchewan, Canada.
  • Hatchet Lake Uranium Project (earning into a 75% interest) – A uranium project in the Wollaston–Mudjatik Transition Zone area of Saskatchewan, Canada. Some details here.
  • Escalera Group Project (100% owned, LOI to option out to Oberon Uranium Corp.) – A uranium and lithium group of projects (Lituania, Condorlit, Escalera) in Puno, Peru.

Closing remarks

Azincourt has put in the work to identify and now drill numerous positive uranium targets at their 72% JV East Preston Uranium Project. The Athabasca Basin region is known to have the highest grade uranium in the world. This means if a company can find significant high-grade uranium in the region it can be a company making event.

Azincourt Energy Corp. trades on a market cap of only C$34 million. Fingers crossed as we await assay results expected very soon.




Alex Klenman gives an update on Azincourt Energy and why this uranium junior is in the right place at the right time

In a recent InvestorIntel interview, Tracy Weslosky interviews Azincourt Energy Corp.‘s (TSX: AAZ | OTCQB: AZURF) President and CEO Alex Klenman about Azincourt’s latest developments and why he feels the Company is in the right place at the right time.

The interview, which may also be viewed on the InvestorIntel YouTube channel (click here to subscribe), highlights how Azincourt has a share register with 28 institutional investors, a fact that interviewer Tracy Weslosky describes as “absolutely unheard of for a company your size”. Alex Klenman comments on the latest drill program at the Company’s East Preston Project in the Athabasca Basin in Saskatchewan, Canada where drilling has so far discovered ‘1,700m of alteration zones’ that are typically associated with uranium mineralization. Finally, Alex Klenman talks about the uranium market and supply disruption concerns following the war in Ukraine.

To watch the full interview, click here

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 majority controlled 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.

To learn more about Azincourt Energy Corp., click here

Disclaimer: Azincourt Energy Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Azincourt Energy Is Drilling for Uranium in the right place, Canada’s Prolific Athabasca Basin

USA bans Russian oil, gas, coal, but not uranium. How will Russia respond?

As U.S President Biden gives the Executive Order today to ban Russian oil, liquefied natural gas and coal the White House Fact Sheet gives a clue as to where the energy market is heading.

“Today, President Biden will sign an Executive Order (E.O.) to ban the import of Russian oil, liquefied natural gas, and coal to the United States…….In the long run, the way to avoid high gas prices is to speed up – not slow down – our transition to a clean energy future……..this crisis reinforces our resolve to make America truly energy independent, which means reducing our dependence on fossil fuels.”

President Biden has made it very clear that his vision for a green energy future means wind, solar, and smart nuclear. So today’s ban of Russian oil, gas & coal is a big win for the clean energy sector. Consumers are already facing record prices at the gas pump, which will lead to a faster adoption of electric vehicles. These vehicles will need a stable baseload power source such as nuclear to support the intermittent renewable energies of solar and wind.

All of this is bullish for uranium and lithium. Today’s company is focused on just that.

Azincourt Energy Corp. (TSXV: AAZ | OTCQB: AZURF) (“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.

Azincourt’s 3 projects

  • East Preston Project (72% interest) – A uranium project in the Athabasca Basin, Saskatchewan, Canada.
  • Hatchet Lake Uranium Project (earning into a 75% interest) A uranium project in the WollastonMudjatik Transition Zone area of Saskatchewan, Canada. Some details here.
  • Escalera Group Project (100% owned) A uranium and lithium group of projects (Lituania, Condorlit, Escalera) in Puno, Peru.

The Athabasca basin is home to multiple large very high grade uranium mines and projects

Source

East Preston Project progressing with road and camp built and drilling underway

Azincourt has had a very busy past 3 months at their East Preston Project. The 73 km winter road to access the property and campsite has been completed.

The 2022 drill program at the East Preston Project includes 6,000m of drilling over 30-35 drill holes, throughout the months of January and February and into March. The primary target area for the 2022 program is 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). Permits are in place to complete all the planned work through the winter of 2022. The program is funded and boosted by a recent C$390,250 non-brokered private placement.

Drilling zones shown at the East Preston Project

Source

Regarding the drill results to date at the East Preston Project, Azincourt stated on March 1, 2022:

“We are very excited by the results coming in so far,” said VP, Exploration, Trevor Perkins. “Both the G- and K-Zones are responding incredibly well, and the team is very excited by what they are seeing in the core. The results show that there is still a good deal of work to be completed in these areas and I can’t wait to see what the follow-up drilling reveals,” continued Mr. Perkins.

“Finding this broad zone of strong alteration is a significant development,” said president and CEO, Alex Klenman. “Alteration features are a crucial guide to locating uranium mineralization. Given what we know about alteration zones and their relationship to some very well-known discoveries, finding this at East Preston is certainly an encouraging development. We will continue to focus on the K-Zone for the time being to get a better idea of the extent of the alteration and the type and level of mineralization present,” continued Mr. Klenman.”

The first shipment of core samples from the current drill program were scheduled for delivery last week to be delivered to the SRC Geoanalytical Lab in Saskatoon. Azincourt expects to receive full suite assay results in early April.

Closing remarks

As we move away from fossil fuels and electrify our transport systems the West will need a ‘secure’ supply of uranium. For now the U.S ban on Russian energy imports (oil, gas, coal) does not include uranium. However, the West relies heavily on Russian-Kazakhstan uranium, which the Russians could choose to cut supply at any time. Russia has recently threatened to ban gas exports to Europe, which would lead to shock waves in the colder areas relying on Russian gas.

The highest grade and best location to find a ‘secure’ supply of uranium is in the Athabasca Basin of Canada. Azincourt is currently drilling their flagship East Preston Project in the Athabasca Basin.

A highly successful drilling campaign can potentially be a game-changer for a small company such as Azincourt Energy Corp., which trades on a market cap of C$39 million. Investors eagerly await news of the drill results in the coming months. Stay tuned.




Alex Klenman on the rising trend for uranium and Azincourt Energy’s progress in its Athabasca Basin properties

In a recent InvestorIntel interview, Tracy Weslosky spoke with Alex Klenman, President, CEO and Director of Azincourt Energy Corp. (TSXV: AAZ | OTCQB: AZURF) about the recent upward trend in the uranium market and about Azincourt’s largest drill program to date currently ongoing at its 25,000 hectares East Preston uranium project in the Athabasca Basin.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Alex Klenman highlighted the rising demand for uranium from the US utilities and the demand potential because of the record number of reactors currently online and expected to come online in the future. With substantial institutional holding, Alex went on to provide an update on Azincourt’s recently signed option agreement to acquire up to a 75% interest in the Hatchet Lake Uranium Project also in the Athabasca Basin.

To watch the full interview, click here.

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.

To learn more about Azincourt Energy Corp., click here.

Disclaimer: Azincourt Energy Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Alex Klenman on Leocor Gold in Newfoundland’s hotspot gold exploration district

In a recent InvestorIntel interview, Chris Thompson spoke with Alex Klenman, CEO and Director of Leocor Gold Inc. (CSE: LECR | OTCQB: LECRF) about Leocor’s recent soil sampling campaign on their Western Exploit District in Newfoundland representing one of the largest land packages held by any public company in the region, which is currently a hotspot for gold exploration in Canada.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Alex Klenman said that Leocor’s exploration team is led by well-known and award-winning prospector Shawn Ryan, who has had a lot of success in the Yukon. He went on to say that Leocor is in a strong cash position as it continues to explore its Baie Verte District in Newfoundland containing multiple gold occurrences.

To watch the full interview, click here.

About Leocor Gold Inc.

Leocor Gold Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada.  Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District.  Leocor’s Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000-hectare exploration corridor.  The Company also controls the 6,847-ha grassroots Startrek project near Gander, as well as three district scale land packages in North Central Newfoundland, known as Robert’s Arm, Hodge’s Hill, and Leamington, (collectively “Western Exploits”) representing over 144,000 hectares (1,440 square kilometers) of prospective exploration

To know more about Leocor Gold Inc., click here.

Disclaimer: Leocor Gold Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Alex Klenman on Leocor’s active gold projects in Newfoundland

In a recent InvestorIntel interview, Tracy Weslosky spoke with Alex Klenman, CEO and Director of Leocor Gold Inc. (CSE: LECR | OTCQB: LECRF) about Leocor’s large portfolio of gold projects in Newfoundland, Canada.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Alex Klenman said that Leocor holds one of the largest land packages in Newfoundland, which is currently one of the most sought-after jurisdictions in the world for gold exploration. Leocor’s exploration team led by renowned and award-winning prospector Shawn Ryan, Alex went on to say, as he provided an update on Leocor’s drilling program for 2022, and how it is positioned for gold discovery in Newfoundland.

To watch the full interview, click here.

About Leocor Gold Inc.

Leocor Gold Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada.  Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District.  Leocor’s Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000-hectare exploration corridor.  The Company also controls the 6,847-ha grassroots Startrek project near Gander, as well as three district scale land packages in North Central Newfoundland, known as Robert’s Arm, Hodge’s Hill, and Leamington, (collectively “Western Exploits”) representing over 144,000 hectares (1,440 square kilometers) of prospective exploration.

To know more about Leocor Gold Inc., click here.

Disclaimer: Leocor Gold Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Alex Klenman on the Uranium Market and Azincourt’s East Preston Project in the Athabasca Basin

In a recent InvestorIntel interview, Tracy Weslosky spoke with Alex Klenman, President, CEO and Director of Azincourt Energy Corp. (TSXV: AAZ | OTCQB: AZURF) about the current uranium market and about commencement of road preparation at Azincourt’s East Preston Uranium Project in the Athabasca Basin as they prepare for their largest drill program to date.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Alex Klenman said that Azincourt holds a large land position in the Athabasca Basin in Saskatchewan strategically located in the vicinity of many large uranium projects. With significant institutional ownership, Alex said that Azincourt is well funded and is getting closer to making an ‘impactful discovery’. He also provided an update on how Azincourt has started to utilize artificial intelligence in its exploration modeling to reduce both cost and environmental impact.

To watch the full interview, click here.

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.

To learn more about Azincourt Energy Corp., click here.

Disclaimer: Azincourt Energy Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Making the right moves at Azincourt as uranium prices drive higher

Uranium prices  are running hot, so today I take a look at a uranium junior that has two uranium projects with exploration upside. One project is in the prolific uranium region of the Athabasca Basin in Canada, and the other is in the emerging uraniumlithium district on the Picotani Plateau in Peru. The Peru property also shows early signs of lithium.

The company is Azincourt Energy Corp. (TSXV: AAZ | OTCQB: AZURF) (“Azincourt”).

Uranium prices have risen about 50% higher over the past 2.5 months, and are now at US$46.10

Source: Trading Economics

Azincourt Energy Corp.’s uranium projects:

East Preston Project (Saskatchewan, Canada) (Azincourt 70%, Skyharbour Resources 15%, Dixie Gold Inc. 15%)

Azincourt controls a 70% interest in its flagship, East Preston Project, having spent C$2.5 million on the project and having paid C$1 million in cash to the option partners since 2017. The Project covers over 25,000 hectares in the western Athabasca Basin, Saskatchewan, the world’s premier location for uranium mining. 

The Project has a large inventory of priority drill targets identified within 25km of prospective exploration corridors delineated through multiple geophysics and ground evaluation programs. Multiple long linear conductors are giving positive signals warranting further drilling. To date, 4,178 meters in 17 holes have been drilled at the East Preston Project.

Azincourt state: “Limited drilling has confirmed basement lithologies and graphitic structures intersected at East Preston are very similar and appear to be analogous to the Patterson Lake SouthArrowHook Lake/Spitfire uranium deposit host rocks and setting. Drilling has established the right basement unconformity uranium setting rocks, structure and alteration. The recognition of what is believed to be a basement analogue to uranium depositrelated REE mineralization and alteration suggests that mineralizing fluid systems were active on the project at the right time.”

A 2021-22 Winter drilling campaign is planned. Targets include areas of elevated uranium discovered in the 20202021 drilling campaign. Preparation work is slated to begin in December 2021, with drilling to commence early January 2022. Permits and funding are in place.

Azincourt’s East Preston flagship Project is located near multiple highly valued uranium projects in the prolific Athabasca Basin, Saskatchewan, Canada

Source: Azincourt company presentation

Escalera Group Project (Puno, Peru) – 100% (Vendor retains a 1.5% NSR royalty)

The Escalera Group consists of three concessions (Lituania, Condorlit, Escalera) covering an area of 7,400 hectares of prospective exploration targets for volcanic hosted supergene/surficial uranium and lithium on the Picotani Plateau, Puno district, Peru. This region is an emerging uraniumlithium district where mines and projects are owned by Minsur and Rio Tinto, as well as growing mid-tiers and juniors like Bear Creek Mining and Plateau Energy Metals (recently acquired by American Lithium).

A 2017 sampling program produced values up to 3,560 ppm uranium and 153 ppm lithium. Historical surface samples from Escalera show assays up to 6,812 ppm uranium. A 2018 groundwork returned samples as high as 8,061 ppm uranium while delineating over 6.5 km of prospective trends at the Escalera concession.

Management

Azincourt’s President and CEO is Alex Klenman. He has over 30 years of business development, marketing, finance, media and corporate communications experience. From 2010-2014, he was Vice-President, Communications, and a partner with Falcon Point Capital Partners, a firm that provided finance, communications and marketing initiatives for TSX Venture listed resource companies.

Exploration Manager Trevor Perkins is a 25-year experienced geologist with a successful track record, notably in the Athabasca Basin, Saskatchewan, Canada. He has worked for UEX Corporation, Rio Tinto, and (spent a decade with) Cameco Corporation.

World power sources in 2020

  • Coal – 35%
  • Natural gas – 25%
  • Hydro – 16%
  • Nuclear – 10%
  • Renewables (solar, wind, geothermal) – 12%

Source: Reuters courtesy BP Statistical Review of World Energy

Closing remarks

The world’s attention is now on COP26 in Glasgow as investors await  announcements of progress. There is increasing pressure to ban the construction of new coal power stations; however to replace this source (coal) of baseload power many countries will need to use smart nuclear with safely located smaller nuclear power stations. This in turn will  help drive future demand for uranium.

Uranium juniors such as Azincourt Energy Corp. are well placed to grow in future years to meet an expected strong uranium demand. In particular its East Preston Project is well located, being in a prolific uranium region of the Athabasca Basin, which has the largest, highest grade, uranium deposits in the world with 10 times, or higher than, world average grades. Azincourt has recently raised C$8.1 million with which it intends to focus on the upcoming 30 to 35 hole, 7,000 metre, drill program at its East Preston uranium project in the Athabasca Basin.

Investors will need  patience and risk tolerance; however given that Azincourt Energy Corp. trades on a market cap of only C$34 million and that it owns two well-placed uranium projects, there is plenty of upside ahead should it succeed. Stay tuned as this sector is moving fast.




Alex Klenman on Azincourt Energy’s high tech exploration program and the uranium bull market

In a recent InvestorIntel interview, Tracy Weslosky spoke with Alex Klenman, President, CEO and Director of Azincourt Energy Corp. (TSXV: AAZ | OTCQB: AZURF) about the current uranium ‘bull market’ as Azincourt heads towards its biggest drill program to date at its East Preston Uranium Project in the Athabasca Basin.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Alex said that the East Preston Uranium Project is strategically located near several high-grade uranium deposits. He continued by providing an update on Azincourt’s partnership with FOBI to utilize artificial intelligence and data mining techniques on the project giving it a first-mover advantage in utilizing new technologies in uranium exploration. Alex also provided an update on Azincourt’s recent private placements which saw participation from many institutional funds.

To watch the full interview, click here.

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.

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Disclaimer: Azincourt Energy Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain“forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken,  as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

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