Azincourt Energy is developing critical alternative energy projects for uranium and lithium. It’s core projects are in the clean energy space focusing on uranium exploration projects in the Athabasca Basin, Saskatchewan.
More importantly they have 3rd party validation through institutional financing and ownership, to the tune of $8M+, and that is an important indicator to understanding a companies prospects. You need viable projects to attract funding, and in this case it is a large sum of money being devoted to a help Azincourt make a discovery.
They clearly have support.
Azincourt controls 70+% of the East Preston Uranium project located in the Athabasca basin in Saskatchewan that has numerous Uranium deposits, as well as mines operated by major mining companies. Saskatchewan has been a prolific jurisdiction for Uranium mining and production for 40+ years and contains 10 to 100 times the world average Uranium grades.
This makes finding an economic discovery feasible. That is part of the 3rd party validation that makes Azincourt compelling in the clean energy space.
Azincourt may have already justified the attention and investment received in advance of their current drill program as they just announced some very telling early indicators pointing toward a potential Uranium discovery.
On the K-Zone drilling has intersected extensive hydrothermal hematite alteration in all holes, indicating this alteration zone is at least 800 meters long. Drill hole EP0035 intersected an extensive zone of hydrothermal hematite more than 100 meters thick. Within this zone localized elevated radioactivity identified from both hand-held scintillometers and a downhole gamma probe was also encountered. Analysis of samples from this zone will be sent to the lab to evaluate the significance of the elevated radioactivity in this area. Additional drilling is underway to evaluate the significance of this alteration zone and to follow-up the elevated radioactivity identified.
On the G-Zone where eight holes have been completed and one hole is in progress, Extensive alteration and evidence of east-west cross-cutting structures have been intersected, along the southern portion of the zone. Additional drilling will be undertaken to evaluate the significance of this alteration and associated cross cutting structure.
2 separate zones, 2 Possible discoveries. Shareholders should pay very close attention to these early results. Being strategically located in the Athabasca Basin provides a leverage to discovery few early entrants to the space can demonstrate.
Why is Azincourt exploring in These areas? Quite simply the world needs clean energy.
The Uranium Market is demonstrating limited supply and growing demand and this provides a growth platform for explorco’s to capitalize on the need for uranium as Nuclear power is one of the safest forms of electricity generation. Nuclear power capacity worldwide is increasing steadily, with about 50 reactors under construction.
Take a seat ans have a listen to this great interview with Alex Klenman, President & CEO of Azincourt Energy (TSX.V: AAZ / OTC: AZURF) as he takes us through the steps why Azincourt may be the next Smallcap discovery in the Saskatchewan’s prolific Athabasca Basin.
