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.

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.

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.

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