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- The two,000 m diamond drill program is designed to substantiate and develop the Snegamook Uranium Deposit, the place historic drilling intersected a number of broad zones of mineralization, together with 0.974% U₃O₈ over 0.5 m.
- Making ready an up to date NI 43-101 compliant useful resource for the Snegamook deposit might be a precedence for azincourt.
- The Harrier Mission hosts over a dozen uranium mineralized zones, together with floor samples returning as much as 7.48% U₃O₈, and >1% U₃O₈ in ten separate areas – demonstrating sturdy grade potential throughout the property.
- With solely 124 historic drill holes accomplished throughout a 49,400 ha land bundle, the challenge stays considerably underexplored.
- azincourt’s 2025 area program validated previous drill websites and recognized two new uranium showings at Boiteau Lake and east of Anomaly 7, offering extra high-priority drill targets.
azincourt power corp. (TSXV: AAZ,OTC:AZURF) (OTCQB: AZURF) (“azincourt” or the “Firm”) is happy to announce that planning is underway for a diamond drilling program on the extremely potential Harrier Mission within the Central Mineral Belt in Newfoundland & Labrador, Canada, that features the Snegamook uranium deposit.
In regards to the Harrier Mission
azincourt’s Harrier Mission covers 49,400 hectares over 5 distinct licence teams, representing one of many largest land positions within the Central Mineral Belt. The Harrier Mission covers the Snegamook Uranium Deposit and straddles key uranium-bearing structural corridors immediately adjoining to and on development with Atha Power’s Moran Lake (9.6 Mlbs U₃O₈ and 11.8 Mlbs V₂O₅) and Anna Lake (4.9 Mlbs U₃O₈) deposits, and Paladin Power’s Michelin deposit (127.7 million lbs U₃O₈) – inserting azincourt on the heart of a confirmed and rising uranium camp.
The Harrier Mission, with over a dozen recognized uranium mineralization zones and floor rock samples grading as much as 7.48% U₃O₈ (and >1.0% U₃O₈ in 10 distinct zones), gives a uncommon mixture of grade, scale, and geological continuity. Notably, solely 124 drill holes (19,851 metres whole, over half of this on the previous Snegamook challenge space) have ever been accomplished throughout the mixed property – leaving ample alternative for brand new discovery with trendy strategies.
2025 Summer time Work Program
The introductory work program was accomplished in late August (Information launch dated Oct 1, 2025) consisting of helicopter supported reconnaissance of present recognized uranium occurrences and prospecting of beforehand recognized radiometric anomalies. Eleven beforehand recognized uranium showings and the Snegamook Deposit have been visited by azincourt’s VP Exploration to get an understanding of the attribute and settings of the uranium mineralization current on the property. Two new uranium showings have been recognized in outcrop within the Boiteau Lake space and in boulders and outcrop east of the Anomaly 7 space. Assay pattern outcomes are nonetheless pending for these areas.
Within the Snegamook Deposit space, the placement of the drill core from the 2007-2008 exploration packages was confirmed on the outdated camp website utilized by Silver Spruce Sources. A lot of the core is in first rate form contemplating it has been uncovered to the weather for nearly 20 years. A number of drill holes that intersected the Snegamook Deposit mineralization and Snegamook Southeast displaying have been examined and some samples have been collected to substantiate uranium grades. Reconnaissance of the deposit space was undertaken to look at floor situations for future drilling and look at the outdated drill pads for affirmation of gap numbers, areas, and gap orientation. Many drill pads have been simply recognizable and marked with casings. Metallic tagged wood posts have been current at many websites permitting straightforward affirmation of the outlet numbers.
2026 Diamond Drilling Program
The diamond drilling program at present being deliberate will consist of roughly 2,000 m of drilling in 6-10 drill holes. It’s anticipated that this system will begin as soon as the snow melts and lakes are ice free. The vast majority of the drilling might be carried out on the Snegamook Deposit; nonetheless, numerous holes will goal the Boiteau Lake space in preparation for a bigger program to observe (see Determine 2 for location inside the Harrier Mission).
Snegamook Deposit
A excessive precedence goal for diamond drilling is the Snegamook Uranium Deposit, the place drilling in 2007 and 2008 to observe up a radon gasoline anomaly recognized uranium mineralization positioned 1.3 km alongside strike to the southeast of the Two Time Zone (Indicated and Inferred useful resource of 5.55 Mlb U3O8, Silver Spruce Sources, June 2008). 17 drill holes intersected a 20 to 50 m broad part of uranium bearing brecciated and altered monzodiorite with average to robust chlorite, hematite and carbonate alteration, the identical geological setting because the Two Time Zone. (Figures 3 and 4)
A evaluation of present pattern information for the Snegamook Deposit was accomplished. Of observe is that one of the best grade is encountered in gap SN-08-06, at 0.974% U3O8 / 0.5 m and the deposit continues to be open to the southeast of this gap in the direction of the Snegamook Southeast displaying.
In 2008, a preliminary useful resource estimate for the Snegamook Zone was ready by Silver Spruce Sources, nonetheless it was by no means finalized in a report or filed. Work to be carried out as a part of the preliminary 2026 drill program will embody:
- Rehabilitate and look at drill core from the Snegamook Deposit on the Kanairiktok core storage.
- Interact an impartial QP to look at the accessible core and seek the advice of on extra drilling on the deposit as a part of making ready a maiden useful resource estimate.
- Twin key drill holes on the deposit to substantiate historic mineralization.
- Conduct extra drilling to develop the scale of the prevailing deposit.
Diamond drilling and making ready an up to date NI 43-101 compliant useful resource for this residue might be a precedence for azincourt.
“We’re excited to begin drilling in Labrador. There isn’t a scarcity of drill prepared targets positioned on the Harrier Mission,” commented Trevor Perkins, Azincourt Power’s VP of Exploration. “Our precedence is to substantiate the historic outcomes and start an enlargement of the Snegamook Deposit in preparation for a preliminary useful resource estimate for the deposit. On the identical time, we wish to advance different targets on the property to unlock the worth this property comprises,” continued Mr. Perkins.
Determine 1: azincourt land place overlain on the geology of the Central Mineral Belt, Labrador, Canada
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Determine 2: azincourt’s Harrier Mission.
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Determine 3: Snegamook and Two-Time Zone mineralization map
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Determine 4: Snegamook Deposit Historic Drilling Map.
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In regards to the Central Mineral Belt
Labrador’s Central Mineral Belt (“CMB”) is one in all Canada’s most underexplored but extremely potential uranium areas. Recognized for its quite a few uranium and base metallic deposits and showings, the CMB has seen renewed curiosity as a result of rising international demand for safe, home uranium provide as nations purpose to extend nuclear energy capability to fulfill net-zero emissions targets.
The CMB hosts a number of large-scale uranium discoveries, together with Paladin Power’s Michelin Uranium Mission (127.7 million lbs U₃O₈), the Moran Lake C Deposit (historic useful resource of 9.6 Mlbs U₃O₈ and 11.8 Mlbs V₂O₅), and the Anna Lake Deposit (historic useful resource of 4.9 Mlbs U₃O₈). These recognized assets display the Belt’s distinctive uranium endowment – however huge areas stay underexplored, with trendy methods solely lately being utilized throughout the area.
With its steady jurisdiction, historic high-grade discoveries, and trendy exploration momentum, the CMB is rising as one in all North America’s most fun uranium exploration corridors.
Certified Particular person
The technical data on this information launch has been ready in accordance with the Canadian regulatory necessities set out in Nationwide Instrument 43-101 and reviewed and accepted on behalf of the Firm by C. Trevor Perkins, P.Geo., Vice President, Exploration of Azincourt Power, and a Certified Particular person as outlined by Nationwide Instrument 43-101.
About azincourt power corp.
azincourt is a Canadian-based useful resource firm specializing within the strategic acquisition, exploration, and improvement of different power/gasoline tasks, together with uranium, lithium, and different vital clear power parts. The Firm is at present energetic at its East Preston uranium challenge positioned within the Athabasca Basin, Saskatchewan, and its Snegamook and Harrier uranium tasks, positioned within the Central Mining Belt of Labrador.
*The historic outcomes, interpretation and drill intersections described right here in haven’t been verified and are extracted from information releases issued by Silver Spruce Sources Inc on April 24, 2008, and August 12, 2008, in addition to annual Administration Dialogue and Evaluation paperwork filed on www.sedarplus.ca, and Koba Sources Restricted on April 11, 2024, and August 20, 2024, which could be discovered at https://kobaresources.com/buyers/asx-announcements/. The Firm has not accomplished ample work to substantiate and validate any of the historic information contained on this information launch. The Firm considers the historic work a dependable indication of the potential of the Harrier Mission and the data could also be of help to readers.
The data on the Michelin, Morin Lake C, and Anna Deposits has been extracted from the web sites and investor shows of Paladin Power Restricted and Atha Power Corp.
ON BEHALF OF THE BOARD OF azincourt power corp.
“Alex Klenman”
Alex Klenman, President & CEO
Cautionary Assertion Relating to Ahead-Wanting Statements
This information launch could comprise sure “Ahead-Wanting Statements” inside the which means of the US Personal Securities Litigation Reform Act of 1995 and relevant Canadian securities legal guidelines. When or if used on this information launch, the phrases “anticipate”, “consider”, “estimate”, “count on”, “goal, “plan”, “forecast”, “could”, “schedule” and comparable phrases or expressions determine forward-looking statements or data. Such statements symbolize the Firm’s present views with respect to future occasions and are essentially primarily based upon numerous assumptions and estimates that, whereas thought-about affordable by the Firm, are inherently topic to important enterprise, financial, aggressive, political, and social dangers, contingencies and uncertainties. Many components, each recognized and unknown, might trigger outcomes, efficiency, or achievements to be materially totally different from the outcomes, efficiency or achievements which are or could also be expressed or implied by such forward-looking statements. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements or data to mirror modifications in assumptions or modifications in circumstances or some other occasions affecting such statements and knowledge apart from as required by relevant legal guidelines, guidelines, and rules.
Neither the TSX Enterprise Change nor its regulation providers supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
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