Sign up to save your podcasts
Or
Share Azincourt Energy Doubles Down On Discovery Potential With Big Hill Lithium Acquisition
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Azincourt Energy Doubles Down On Discovery Potential With Big Hill Lithium Acquisition
Azincourt
Energy is developing critical alternative energy projects and currently
exploring for uranium in Saskatchewan's Athabasca Basin, targeting
Canada’s next uranium discovery. They are one step closer to that
distinction having completed a Winter 2023 drill program at their
flagship East Preston project. Azincourt recently announced the
acquisition of a Lithium project in Newfoundland that diversifies
exploration potential while providing multiple projects allowing for
year round exploration activities and discovery opportunities.
Azincourt
Energy's extensive drill program for the winter of 2022-2023, consisted
of 3,066 metres in 13 drill holes. Two drill rigs were able to complete
12 drill holes focusing on 4 zones, continuing to evaluate the
alteration zones and elevated uranium identified during the 2022 drill
campaign. The drilling has confirmed that the geophysical conductors
comprise structurally disrupted zones hosting accumulations of graphite,
sulphides, and carbonates, with hydrothermal alteration, anomalous
radioactivity, and elevated uranium present in these zones. Azincourt
considers the drilling results to date to be significant, as major
uranium discoveries in the Athabasca Basin such as McArthur River, Key
Lake, and Millennium were primarily the result of drill testing of
strong alteration zones related to conductor features.
The
decision to explore for uranium is driven by the increasing global
demand for clean energy and the stronger demand for uranium than
available supply, resulting in a stable price environment and economic
incentives for exploration. With approximately 50 reactors under
construction worldwide and a reduction in overall mining production, the
pressure on available supply provides confidence for companies seeking
to make a significant discovery. Saskatchewan, with its rich history of
uranium production and uranium grades up to 10 to 100 times the world
average, presents a favorable environment for exploration and economic
discoveries.
What
makes Azincourt even more compelling from a shareholder perspective is
that they are in a position to double down on potential discoveries with
the recent acquisition of the Big Hill Lithium project from Atlantis
Battery Metals.
Azincourt
Energy is now well-positioned to explore and develop not only uranium
but also lithium projects, leveraging the expertise and experience of
the Atlantis Battery Metals team. The option agreement and the
involvement of Mr. Nick Rowley and Mr. James Abson, with their extensive
backgrounds in marketing, sales, corporate advisory, and mineral
exploration, are expected to bring valuable insights and technical
expertise to accelerate the exploration efforts.
The
company also boasts 3rd party validation through institutional
ownership of up to 30%, indicating strong support from institutions and
viable projects to attract funding. Azincourt Energy's vision of making a
major uranium discovery in Canada is backed by institutional
confidence, making it an exciting opportunity for shareholders and
investors alike. The 2023 drill program at the East Preston project is a
significant step forward in Azincourt Energy's pursuit of critical
alternative energy projects and have now doubled their chances of a
significant Critical Minerals discovery with the addition of the Big
Hill Lithium project.
View all episodes
By AGORACOM
5
11 ratings
Azincourt
Energy is developing critical alternative energy projects and currently
exploring for uranium in Saskatchewan's Athabasca Basin, targeting
Canada’s next uranium discovery. They are one step closer to that
distinction having completed a Winter 2023 drill program at their
flagship East Preston project. Azincourt recently announced the
acquisition of a Lithium project in Newfoundland that diversifies
exploration potential while providing multiple projects allowing for
year round exploration activities and discovery opportunities.
Azincourt
Energy's extensive drill program for the winter of 2022-2023, consisted
of 3,066 metres in 13 drill holes. Two drill rigs were able to complete
12 drill holes focusing on 4 zones, continuing to evaluate the
alteration zones and elevated uranium identified during the 2022 drill
campaign. The drilling has confirmed that the geophysical conductors
comprise structurally disrupted zones hosting accumulations of graphite,
sulphides, and carbonates, with hydrothermal alteration, anomalous
radioactivity, and elevated uranium present in these zones. Azincourt
considers the drilling results to date to be significant, as major
uranium discoveries in the Athabasca Basin such as McArthur River, Key
Lake, and Millennium were primarily the result of drill testing of
strong alteration zones related to conductor features.
The
decision to explore for uranium is driven by the increasing global
demand for clean energy and the stronger demand for uranium than
available supply, resulting in a stable price environment and economic
incentives for exploration. With approximately 50 reactors under
construction worldwide and a reduction in overall mining production, the
pressure on available supply provides confidence for companies seeking
to make a significant discovery. Saskatchewan, with its rich history of
uranium production and uranium grades up to 10 to 100 times the world
average, presents a favorable environment for exploration and economic
discoveries.
What
makes Azincourt even more compelling from a shareholder perspective is
that they are in a position to double down on potential discoveries with
the recent acquisition of the Big Hill Lithium project from Atlantis
Battery Metals.
Azincourt
Energy is now well-positioned to explore and develop not only uranium
but also lithium projects, leveraging the expertise and experience of
the Atlantis Battery Metals team. The option agreement and the
involvement of Mr. Nick Rowley and Mr. James Abson, with their extensive
backgrounds in marketing, sales, corporate advisory, and mineral
exploration, are expected to bring valuable insights and technical
expertise to accelerate the exploration efforts.
The
company also boasts 3rd party validation through institutional
ownership of up to 30%, indicating strong support from institutions and
viable projects to attract funding. Azincourt Energy's vision of making a
major uranium discovery in Canada is backed by institutional
confidence, making it an exciting opportunity for shareholders and
investors alike. The 2023 drill program at the East Preston project is a
significant step forward in Azincourt Energy's pursuit of critical
alternative energy projects and have now doubled their chances of a
significant Critical Minerals discovery with the addition of the Big
Hill Lithium project.