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Azincourt Energy Outlines Upcoming Manitoba Lithium Work Programs
VANCOUVER, British Columbia, Feb. 01, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V:AAZ) is pleased to provide an update
About this update from Azincourt Energy Corp
[{"type":"text","content":"VANCOUVER, British Columbia, Feb. 01, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V:AAZ) is pleased to provide an update on its upcoming exploration work programs with partner New Age Metals Inc. (TSX.V:NAM) at the five newly acquired lithium projects in the Winnipeg River Pegmatite Field, Manitoba, Canada. The Winnipeg River Pegmatite Field is host to numerous lithium-rich pegmatites in addition to the world-class Tanco Pegmatite, a highly fractionated lithium-cesium-tantalum (LCT) type pegmatite that has been mined at the Tanco Mine since 1969 in varying capacities for spodumene (a major rock unit for lithium (Li)), tantalum (Ta), cesium (Cs), rubidium (Rb), and beryllium (Be) ores. Exploration work is scheduled to begin in late March (or early April, depending on weather), with a field program that includes detailed mapping of known pegmatite outcroppings on the Lithium One and Lithium Two projects. This will be followed immediately by a comprehensive chip sampling program designed to prioritize targets for the initial drill programs anticipated at both properties during the months of May, June and July. The Lithium Two project, adjacent to Quantum Minerals Corp Cat Lake Lithium Project (aka Irgon Lithium Mine), includes an historical estimate* from drilling in 1947 that defined 545,000 tonnes of 1.4% Li2O, drilled to a depth of 60 meters. Field work in 2016 confirmed that the Eagle and FD5 Pegmatites contained significant surface spodumene. The Eagle Pegmatite is approximately 1100 meters in length, up to 12 meters wide and open to depth. 12 samples collected in 2016 returned a range of 0.02% to 3.04% Li2O from the Eagle Pegmatite, and up to 2.08% Li2O from the FD5 Pegmatite. Select sampling will concentrate on the Eagle and FD5 pegmatites at Lithium Two, and on the Silverleaf Pegmatite at Lithium One, which returned values as high as 4.33% Li2O in the 2016 exploration program. Figure 1 – Spodumene showing from the Eagle Pegmatite at the Lithium Two project * Note: The mineral reserve estimate cited above as part of the Lithium Two project is presented as a historical estimate which does not conform to current NI43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. ...