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Azincourt Energy Adds Cat 4 Claim to Lithium Two Project; Expands Eagle Pegmatite to the West
VANCOUVER, British Columbia, July 11, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V:AAZ) (OTC:AZURF) is pleased to annou
About this update from Azincourt Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, July 11, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V:AAZ) (OTC:AZURF) is pleased to announce in conjunction with its JV partner, New Age Metals (TSX.V:NAM), the addition of the Cat 4 claim to its existing Lithium Two project. New Age has exercised its option agreement with Mustang Minerals (since renamed Grid Metals Corp) to explore the Cat 4 claim, which lies adjacent to the western boundary of the Lithium Two project and contains the western extension of the Eagle Pegmatite. Lithium Two contains several lithium-bearing pegmatites including the 1100m Eagle Pegmatite which contains a non 43-101 compliant historical resource of 545,000 tonnes at 1.4% Li20. Historical reports suggest it is open to depth and along strike. The new Cat 4 claim nearly doubles the current Lithium Two land package, in addition to increasing the exploration potential of the lithium-bearing Eagle Pegmatite, and contiguous ground, to the west. “Cat 4 is a compelling addition to Lithium Two, we’re very pleased to get this ground,” said president & CEO, Alex Klenman. “Lithium Two is the most advanced exploration target we have. The Eagle Pegmatite is already sizeable and adding the Cat 4 claim block represents an opportunity to potentially extend the mineralization and add tonnage to the project upside,” continued Mr. Klenman. The addition of the Cat 4 claim block comes at no additional cost to the JV partners and is a part of the 2016 original agreement between New Age Metals and Mustang Minerals (Grid Metals Corp.) to option the claims. Exploration Update Mapping and sampling has been underway now for several weeks, and drilling at Lithium Two is scheduled to begin shortly. Numerous pegmatites at Lithium Two have been sampled in the past month, in addition to chip sampling along the Eagle and FD5 Pegmatites. Fractionation samples were also collected to help gain a better understanding how evolved these pegmatites may be. The more evolved a pegmatite is, the greater the potential for a higher degree of mineralization. Since work began a total 48 field samples from Lithium Two have been sent to Actlabs in Ancaster, Ontario, for analysis. Results are expected sometime in the next week or two. Additional sample batches from the Lit...