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Azincourt Energy Adds Lithman East Extension to Its Lithium Project Portfolio with New Age Metals
VANCOUVER, British Columbia, May 02, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V:AAZ) (OTC:AZURF) is pleased to announ
About this update from Azincourt Energy Corp
[{"type":"text","content":" VANCOUVER, British Columbia, May 02, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V:AAZ) (OTC:AZURF) is pleased to announce in conjunction with it’s JV partner, New Age Metals (TSX.V:NAM), the acquisition of the Lithman East Extension Project, a 3072-hectare, pegmatite-rich land package in the heart of the Winnipeg River Pegmatite Field, Manitoba. The new Lithman East Extension Project connects with two of the Company’s current lithium projects, namely Lithman East and Lithium One, to form an adjacent total project area of 7,867 hectares. The land package features the Bernic Lake Formation, the geological unit/formation that hosts the Tanco Pegmatite and several other lithium bearing pegmatites, and the Axial Pegmatite Group. Historical Government of Manitoba academic work on the Axial Pegmatites has shown them to be well fractioned and evolved. Further technical details from the New Age Metals news release: “The project is situated over several axial planes of regional folds, as is the Tanco Pegmatite. The giant world-class Tanco Pegmatite has been postulated to be situated in a limb of fold and is located along strike approximately 10 kilometers to the west of the project area. The axial plane trace of this fold runs through both the Lithman East Project while it’s postulated extension and other axial planes runs through the newly acquired Lithman East Extension Project. The exploration focus of the region is to find and explore lithium-bearing pegmatites with the possibility of discovering a pegmatite as large and as mineralogically rich as the Tanco Pegmatite.” “This expansion of our project area in southeast Manitoba is strategically important,” said president & CEO, Alex Klenman. “The area is pegmatite rich, and the New Age team has done an excellent job adding value to the project. The lithium sector has cooled considerably since the start of the year, but this isn’t stopping us from executing the plans we have to build our market cap. When the sector turns, we are confident we will get credit for both this acquisition, and the current work we’re doing,” continued Mr. Klenman. Work permits have been applied for with the province of Manitoba for surface exploration at the Lithium East Extension. Once the permits are granted, field crews will be mobil...