Azincourt Energy Advances Drill Program at Snegamook Uranium Deposit and Greater Harrier Uranium Project

Core Viewpoint - Azincourt Energy is advancing its diamond drilling program at the Snegamook Uranium Deposit and the broader Harrier Project, which is located in the Central Mineral Belt of Newfoundland & Labrador, Canada, aiming to confirm and expand uranium resources in the area [2][6][12]. Company Overview - Azincourt Energy Corp. specializes in the acquisition, exploration, and development of alternative energy projects, including uranium and lithium [23]. - The company is currently active in multiple uranium projects, including the East Preston project in Saskatchewan and the Harrier and Snegamook projects in Labrador [23]. Harrier Project Details - The Harrier Project spans 49,400 hectares and includes the Snegamook Uranium Deposit, strategically located near other significant uranium deposits such as Atha Energy's Moran Lake and Anna Lake deposits, and Paladin Energy's Michelin deposit [3][19]. - The project features over a dozen known uranium mineralization zones, with surface rock samples showing grades up to 7.48% U₃O₈, indicating high-grade potential [4][6]. Drilling Program - A 2,000-meter diamond drilling program is planned to confirm and expand the Snegamook Uranium Deposit, where historical drilling has shown significant mineralization, including 0.974% U₃O₈ over 0.5 meters [6][10]. - The drilling program is expected to commence after the snow melts, targeting both the Snegamook Deposit and the Boiteau Lake area [9][12]. Historical Context - Historical drilling at the Snegamook Deposit has identified a 20 to 50-meter wide section of uranium-bearing rock, with previous estimates indicating a resource of 5.55 million pounds of U₃O₈ [10][11]. - The Central Mineral Belt is recognized as one of Canada's most underexplored yet promising uranium regions, with significant discoveries made in the past [18][21]. Future Plans - The company aims to prepare an updated NI 43-101 compliant resource estimate for the Snegamook Deposit as part of its upcoming drilling activities [6][11]. - Azincourt Energy plans to validate historical results and expand the known resources on the property to unlock its full potential [12][13].