Azincourt acquires options for full ownership of Harrier uranium project in Canada
Azincourt Energy has signed an assignment and amendment agreement with Koba Resources and its wholly owned subsidiary Uranidor Resources, along with Dean Fraser, to acquire a 100% interest in Koba's Harrier uranium project in the Central Mineral Belt in Labrador, Canada.
The Harrier project spans 48,975ha and is situated next to Azincourt's Snegamook uranium project, bringing the total project area to 49,400ha.
To acquire a 100% interest in the Harrier project, Azincourt will make a total cash payment of C$250,000 ($180,376) over four years, along with share issuances and exploration expenditures.
Post-acquisition, the project will be subject to a 2% gross production royalty, with the option to buy back half by paying C$1m to the optionor.
Additionally, the project is subject to a 0.5% gross production royalty, half of which can be bought back for a cash payment of C$250,000 to Koba.
In addition to this, Azincourt has also entered into a property option agreement with Koba and Uranidor to obtain complete ownership of certain mineral claims located adjacent to and in the vicinity of the Harrier project.
The staked option for the adjacent claims will require a cash payment of C$50,000 and issuance of common shares, with a 2% gross production royalty, which can be bought back for a cash payment of C$1m to Koba.
Azincourt CEO Alex Klenman said: "We are very pleased to add Harrier to our project portfolio. It combines established uranium mineralisation with exceptional blue-sky developmental opportunities.
"The markets have changed in the past few years, and there is perhaps less appetite for pure greenfield exploration than in the past. Uranium discovery isn't easy. This is a significant opportunity for Azincourt to dive directly into ground containing high-grade uranium. We are eager to begin systematic exploration there and to realise the value we feel is waiting to be unlocked.'
With 12 zones of known uranium mineralisation, the Harrier project has seen rock samples assay more than 1% triuranium octoxide, with some high-grade results reaching up to 7.48%.
The project has high-grade assay results from various prospects, with the Fish Hawk North Prospect, Brook Prospect and Moran Heights Prospect showing particularly high-grade samples.
In March 2025, Azincourt received the necessary permits to commence exploration drilling at the Snegamook uranium project in the Central Mineral Belt.
"Azincourt acquires options for full ownership of Harrier uranium project in Canada" was originally created and published by Mining Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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12-05-2025
- Yahoo
Azincourt Energy Provides Update on the Harrier Uranium Project
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - AZINCOURT ENERGY CORP. (TSXV: AAZ) (OTCQB: AZURF) ("Azincourt" or the "Company"), is pleased to provide an update on compilation work on the recently acquired Harrier Project in the Central Mineral Belt in Labrador, Canada. SUMMARY Azincourt's 49,400 ha Harrier Project, which also contains the Company's existing Snegamook Uranium Deposit, is directly adjacent to and on trend with Atha Energy's Moran Lake C (9.6 Mlbs U₃O₈) and Anna Lake (4.9 Mlbs U₃O₈) deposits, and Paladin Energy's Michelin Project (127.7 million lbs U₃O₈). In addition to the Snegamook Deposit, high-grade uranium has been identified elsewhere at Harrier Lake - with surface samples up to 7.48% U₃O₈ and 14 mineralized zones across the property. Minimal historic drilling (124 holes) leaves significant untapped discovery potential. Azincourt's 2025 field work and 2026 drill program aim to unlock value across this underexplored, uranium-rich corridor. Central Mineral Belt: A Re-Emerging Uranium Frontier Labrador's Central Mineral Belt ("CMB") is one of Canada's most underexplored yet highly prospective uranium regions. Known for its numerous uranium and base metal deposits and showings, the CMB has seen renewed interest due to growing global demand for secure, domestic uranium supply as countries aim to increase nuclear power capacity to meet net-zero emissions goals. The CMB hosts multiple large-scale uranium discoveries, including Paladin Energy's Michelin Uranium Project (127.7 million lbs U₃O₈), the Moran Lake C Deposit (historical resource of 9.6 Mlbs U₃O₈ and 11.8 Mlbs V₂O₅), and the Anna Lake Deposit (historical resource of 4.9 Mlbs U₃O₈). These known resources demonstrate the Belt's exceptional uranium endowment - but vast areas remain underexplored, with modern techniques only recently being applied across the region. With its stable jurisdiction, historical high-grade discoveries, and modern exploration momentum, the CMB is emerging as one of North America's most exciting uranium exploration corridors. Figure 1: Azincourt land position overlain on the geology of the Central Mineral Belt, Labrador, Canada To view an enhanced version of this graphic, please visit: The Harrier Project: A Strategic Position in the CMB Azincourt's Harrier Project - now expanded to include its previously acquired Snegamook Deposit - at 49,400 hectares represents one of the largest land positions in the Central Mineral Belt. The Harrier Project straddles key uranium-bearing structural corridors directly adjacent to and on trend with Atha Energy's Moran Lake and Anna Lake projects, and Paladin Energy's Michelin project - placing Azincourt at the center of a proven and growing uranium camp. The Harrier Project, with over a dozen known uranium mineralization zones and surface rock samples grading up to 7.48% U₃O₈ (and >1.0% U₃O₈ in 10 distinct zones), offers a rare combination of grade, scale, and geological continuity. Notably, only 124 drill holes (19,851 metres total, over half of this on the former Snegamook project area) have ever been completed across the combined property - leaving ample opportunity for new discovery with modern methods. Harrier Project and Snegamook Deposit: Uranium Mineralization and Geology Figure 2: Azincourt's Harrier Project. To view an enhanced version of this graphic, please visit: The Harrier Project includes 14 identified zones containing known uranium mineralization. At this time, we are providing additional information on two areas which cover four of these prospects, the Moran Heights Prospect and the Boiteau Lake area. These areas are along trend to the northeast from the Moran Lake C uranium deposit. Additional prospects and areas will be disclosed further as the compilation progresses and field work to confirm and examine the property is undertaken. The Snegamook Deposit and prospect to its southeast were discussed in a news release dated March 18, 2025. Moran Heights Prospect The Moran Heights Prospect is underlain by a sequence of sandstone, conglomerate and minor intercalated volcanic flows. These rocks are overlain by a thick sequence of subaerial bimodal volcanic rocks ranging from andesite and basaltic andesite to ignimbrites and rhyolite. The prospect is along trend of, and in a similar geologic setting as the Moran Lake C uranium deposit. Several companies have been involved in working the area over the years. Uranium was initially discovered in 1978 with the initial showing consisting of 11 boulders averaging 0.66% U3O8. In 1979 one drill hole returned 0.062% U3O8/ 0.3 m, and a boulder sample collected that same year averaged 2.36% U3O8. Trenching uncovered a slightly mineralized outcrop with a sample returning 44 ppm U. An extensive field program in 2006 consisted of 25 reconnaissance drill holes which retuned varying amounts of uranium up to 0.2% U3O8. In addition, boulder sampling returned grades up to 3.74% and include an outcrop sample that assayed 5.83% U3O8. In 2024, Koba Resources Inc. ("Koba") collected high-grade samples of 7.2% (boulder) and 7.48% U3O8 (outcrop). In addition, historical results include an outcrop sample that assayed 5.83% U3O8. Figure 3: General geology map of the Moran Heights area. To view an enhanced version of this graphic, please visit: The Boiteau Group The Boiteau group consist of 9 licences covering 15,700 ha. This is the northernmost block of the Harrier Project and straddles the Kanariktok Bay Shear Zone (KSZ, Figure 1). The licences are underlain by a sequence of sandstone, conglomerate, and massive volcanic flows. Airborne magnetics, Landsat imagery, air photo interpretation and ground investigation identified a 12 km long, northeast trending structural corridor located in the heart of the Boiteau claims. Although only a portion of this structural feature has been prospected in detail, significant uranium mineralization was found in 2008 in nine separate bedrock showings over a strike length of nearly 4.5 km. The Boiteau Prospect returned very high grades, including 1.48% U3O8 and 1.10% U3O8. The source of these boulders has yet to be determined. During the summer of 2024, Koba investigated a series of airborne radiometric anomalies, identifying additional high-grade uranium at the Goshawk Prospect, located 4.5 km east of the Boiteau Prospect, along a 1.25 km long radiometric anomaly. A boulder sample returned 3.68% U3O8 and 1.21% Pb. During the same program, the Falcon Prospect was identified, located 6 km south-southwest of the Boiteau Prospect, along a 700 m long airborne radiometric anomaly. A boulder sample returned 0.33% U3O8. The Company is continuing to compile additional details of historical drilling and recent groundwork at the Harrier Project and will provide more details as the process advances. Planning is underway for additional prospecting and ground truthing of anomalies during the summer of 2025. An initial summer program is being planned to evaluate additional anomalies, examine existing prospects, and examine historical drill core for the Snegamook Deposit in advance of a significant field program in 2026 which will include diamond drilling. Efforts will also be made to locate historical reconnaissance drill core for the Moran Heights area. "As we dig into the data we are receiving for the Harrier Project, the amount of work to be completed and the opportunities for discovery this presents are phenomenal," commented Trevor Perkins, Vice President of Exploration. "The acquisition of this underexplored land package in the center of the CMB is game-changing for Azincourt," continued Mr. Perkins. Qualified Person The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved on behalf of the Company by C. Trevor Perkins, Vice President, Exploration of Azincourt Energy, and a Qualified Person as defined by National Instrument 43-101. About Azincourt Energy Corp. Azincourt is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its East Preston uranium project located in the Athabasca Basin, Saskatchewan, and its Snegamook and Harrier uranium projects, located in the Central Mining Belt of Labrador. *The historical results, interpretation and drill intersections described here in have not been verified and are extracted from news releases issued by Koba, specifically on April 11, 2024, and August 20, 2024, which can be found at The Company has not completed sufficient work to confirm and validate any of the historical data contained in this news release. The Company considers the historical work a reliable indication of the potential of the Harrier Project and the information may be of assistance to readers. The information on the Michelin, Morin Lake C, and Anna Deposits has been extracted from the websites and investor presentations of Paladin Energy Limited and Atha Energy Corp. ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP. "Alex Klenman"Alex Klenman, President & CEO For further information please contact: Alex Klenman, President & CEOTel: 604-638-8063info@ Azincourt Energy Corp.1430 - 800 West Pender StreetVancouver, BC V6C Cautionary Statement Regarding Forward-Looking Statements This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
30-04-2025
- Yahoo
Azincourt acquires options for full ownership of Harrier uranium project in Canada
Azincourt Energy has signed an assignment and amendment agreement with Koba Resources and its wholly owned subsidiary Uranidor Resources, along with Dean Fraser, to acquire a 100% interest in Koba's Harrier uranium project in the Central Mineral Belt in Labrador, Canada. The Harrier project spans 48,975ha and is situated next to Azincourt's Snegamook uranium project, bringing the total project area to 49,400ha. To acquire a 100% interest in the Harrier project, Azincourt will make a total cash payment of C$250,000 ($180,376) over four years, along with share issuances and exploration expenditures. Post-acquisition, the project will be subject to a 2% gross production royalty, with the option to buy back half by paying C$1m to the optionor. Additionally, the project is subject to a 0.5% gross production royalty, half of which can be bought back for a cash payment of C$250,000 to Koba. In addition to this, Azincourt has also entered into a property option agreement with Koba and Uranidor to obtain complete ownership of certain mineral claims located adjacent to and in the vicinity of the Harrier project. The staked option for the adjacent claims will require a cash payment of C$50,000 and issuance of common shares, with a 2% gross production royalty, which can be bought back for a cash payment of C$1m to Koba. Azincourt CEO Alex Klenman said: "We are very pleased to add Harrier to our project portfolio. It combines established uranium mineralisation with exceptional blue-sky developmental opportunities. "The markets have changed in the past few years, and there is perhaps less appetite for pure greenfield exploration than in the past. Uranium discovery isn't easy. This is a significant opportunity for Azincourt to dive directly into ground containing high-grade uranium. We are eager to begin systematic exploration there and to realise the value we feel is waiting to be unlocked.' With 12 zones of known uranium mineralisation, the Harrier project has seen rock samples assay more than 1% triuranium octoxide, with some high-grade results reaching up to 7.48%. The project has high-grade assay results from various prospects, with the Fish Hawk North Prospect, Brook Prospect and Moran Heights Prospect showing particularly high-grade samples. In March 2025, Azincourt received the necessary permits to commence exploration drilling at the Snegamook uranium project in the Central Mineral Belt. "Azincourt acquires options for full ownership of Harrier uranium project in Canada" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
14-03-2025
- Yahoo
Fairchild Gold Corp Announces Successful Completion of Transaction with Koba Resources Ltd.
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2025) - Fairchild Gold Corp (TSXV: FAIR) ("Fairchild" or the "Company") is pleased to announce that its previously announced transaction disclosed on February 11, 2025, with Koba Resources Ltd. ("Koba"), has successfully completed on March 12, 2025. Strategic Acquisition Completed Having secured all necessary approvals and with all conditions satisfied, the Company's transaction with Koba has been completed. Fairchild has begun the process of integrating the extensive database received through this acquisition, which includes thousands of rock and soil samples as well as geophysical surveys. "This is a significant acquisition for Fairchild," said Luis Martins, Chief Executive Officer of Fairchild Gold Corp. "The completion of this transaction represents an important milestone in our growth strategy and positions us as the dominant claim holder in the historic Goodsprings mining district. The acquired database which covers most of our enlarged and consolidated claim package will allow the company to collapse the timeframe it originally anticipated would be required prior to drilling." Expanded Land Position With the completion of this transaction, Fairchild's Copper Chief Project now covers a total of 300+ claims, spanning approximately 6150 acres in the Goodsprings mining district of Nevada. This substantial land package consolidates a significant portion of this historically productive region. See FIGURE#1: Map of Fairchild Gold's Koba Acquisition DATA PACKAGE Fairchild Gold received a substantial package of historical geological, geochemical, and geophysical data from Koba Resources that were summarized in an analyst's publicly disclosed report by Ian Spence of Peloton Capital Pty Ltd. dated June 7, 2022. These data were originally acquired from work conducted by Koba's predecessor company New World Resources, starting in 2019. This work was conducted by geologists and geophysicists who were qualified persons as defined by Instrument NI 43-101, and Fairchild Gold is confident that this historical work and these historical data and descriptive maps and interpretive summaries are of high quality and are an accurate representation of the work conducted by Koba and New World Resources. Historic Goodsprings Data Highlights: 1361 Rock samples and 2653 Soil samples Copper Assays: up to 25% Copper in multiple locations. Confirming Copperside Mine anomaly. (Sample PS0014) Top 25 sample average 13.7 % Gold Assays: Up to 151 g/t (sample 2645) Top 25 sample average 18.11 ppm Silver Assays: Up to 1565 g/t (sample 212) Top 25 sample average 651.2 ppm Cobalt Assays: Up to 5.9 % (sample PS0004) Lead Assays: Up to 40% (Sample RLGS-6) Zinc Assays: Up to 30% (Sample 9378) Antimony Assays: Up to 9104.4 g/t (Sample GS09RW-45) IP/Mag surveys: See Figure 2: ZONGE IP Survey (~2019) These data will be carefully analysed and, in some cases, reprocessed, giving a much more robust basis for preparation of the next exploration steps. Updates will be coming soon. Next Phases of Exploration Comprehensive review and integration of the newly acquired database Detailed geological mapping and innovative geophysical surveys to rank numerous high-priority targets already identified Targeted drill program "We are extremely excited about the potential of the Copper Chief Project and the broader Goodsprings district, The historical production in this area only scratched the surface. Modern exploration techniques, combined with our large, consolidated land position and comprehensive database, give us a unique opportunity to unlock substantial value for our shareholders." -Luis Martins (CEO). The Company believes the Goodsprings district has the potential to host a large-scale, district-wide mineral system with multiple deposit types, including: High-grade copper-lead-zinc carbonate replacement deposits Structurally controlled precious and PGE metal veins Potential for porphyry copper-gold-related mineralization Fairchild's strategic position in this historically productive yet underexplored district represents a compelling opportunity to make significant discoveries using modern exploration techniques. Annual General and Special Meeting Results The Company is also pleased to announce the voting results of its annual general and special meeting (the "Meeting") of its shareholders ("Shareholders") held on February 26, 2025. Shareholders holding 17,071,085 shares or 23.15% of the outstanding shares of the Company were represented in person or by proxy at the Meeting. The Shareholders received the financial statements for the years ended August 31, 2024, August 31, 2023, August 31, 2022 and August 31, 2021 together with the auditor's Reports. As nominated by the Company's management information circular dated January 23, 2025, the shareholders elected Luis Martins, Robert Rosner, Geoffrey Baker, and Diane Mann as directors of the Company for the ensuing year. The shareholders also voted to appoint Manning Elliott LLP as auditors of the Company to hold office until the close of the next annual general meeting and approved the Company's new equity incentive plan (the "Incentive Plan"). The Incentive Plan is a 10% rolling plan in respect of options and a 10% fixed plan in respect of restricted share units. Finally, the shareholders approved the resolution to amend the Company's name to "Fairchild Copper & Gold Corp." as authorized by the board of directors of the Company, acceptable to the TSX Venture Exchange and applicable regulatory authorities. QP statement Richard R. Redfern, MS, CPG No. 10717, and Consulting Geologist for Fairchild, is the qualified person as defined by National Instrument 43-101 who has examined the Copper Chief property on the ground numerous times since 2003 and reviewed the geological information available from private and public sources related to the property and is responsible for approving the technical contents of this press release. About Fairchild Gold Corp Fairchild Gold Corp is a mineral exploration company focused on acquiring, exploring, and developing high-quality mineral properties in mining-friendly jurisdictions. The Company's flagship Copper Chief Project is in the historic Goodsprings mining district in Nevada, USA. For more information, please contact: Luis MartinsDirector and Chief Executive OfficerFairchild Gold Corp.(866) 497-0284info@ or visit us @ Forward-Looking Statements This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements concerning the exploration and development potential of the Copper Chief Project. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. To view the source version of this press release, please visit Sign in to access your portfolio
