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Azincourt Energy Completes Data Acquisition and Compilation at the Prospective Snegamook Uranium Project
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - AZINCOURT ENERGY CORP. (TSXV:...
About this update from Azincourt Energy Corp
[{"type":"text","content":"\nAzincourt Energy Completes Data Acquisition and Compilation at the Prospective Snegamook Uranium ProjectVancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) (\"Azincourt\" or the \"Company\"), is pleased to announce that it has completed the data acquisition and compilation of historic data available for its recently acquired Snegamook uranium project (the \"Snegamook Project\" or the \"Project\"), located in the Province of Newfoundland and Labrador. SUMMARYThe Snegamook Project contains known uranium mineralization and is strategically positioned near several major uranium discoveries, including Two Time, Moran, Kitts, and Jacques Lake.Historical drilling by Silver Spruce Resources at the Snegamook Project (2006-2008) indicated multiple lenses of uranium mineralization over a 300-metre strike length and to a vertical depth of 200 metres, with grades ranging from 225 to 771 ppm U3O8. Some zones contain higher-grade uranium concentrations (e.g., 0.11% U3O8 over 3m).A preliminary non-NI 43-101 compliant resource estimate was completed in 2008 but never officially filed.Azincourt aims to verify and expand historical mineralization through a new drill program, with the intention of re-evaluating the Snegamook deposit and establishing an initial resource estimate.The Snegamook Project is strategically located to the southeast of Snegamook Lake within Labrador's Central Mineral Belt and less than 1 km south of the Two Time Zone (Indicated and Inferred resource of 5.55 Mlb U3O8, June 2008)*, formerly held by Silver Spruce Resources Inc. as part of a larger land package. The Project consists of a mineral licence block comprised of 17 contiguous claims covering 423 hectares and is located near several large-scale uranium discoveries including the Two Time, Moran, Kitts, and Jacques Lake deposits. (Figure 1)Figure 1: Snegamook Project Location Map - Central Mineral Belt, Labrador, Canada.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6137/244991_ebaabc279448faea_002full.jpgThe Central Mineral Belt in Labrador also hosts Paladin Energy Limited's recently acquired Michelin deposit (Measured and Indicated resource of 82.2Mlb U3O8).* Uranium was first discovered in the Central Mineral Belt in 1951 and despite hosting numerous larg...