Azincourt Energy Corp. (TSXV: AAZ | OTCQB: AZURF | FSE: A0U0) has completed its 2026 summer prospecting and soil sampling program at the Harrier Project in Labrador's Central Mineral Belt and has commenced diamond drilling at the Snegamook uranium deposit. The drill program, which got underway in late September, is designed to provide geological and confirmatory data that could support evaluation of a potential maiden mineral resource estimate. Investors are watching progress closely given the project's proximity to established uranium deposits in the region and the high-grade historical surface samples already recorded across the property.

Key Points

  • Azincourt Energy Corp. (TSXV: AAZ | OTCQB: AZURF | FSE: A0U0) is a Vancouver-based uranium and critical minerals explorer
  • Diamond drilling has commenced at the Snegamook uranium deposit within the ~13,000-hectare Harrier Project in Labrador
  • The 2026 drill program targets approximately 2,000 metres across 6 to 7 drill holes; there is currently no NI 43-101 compliant resource at Snegamook
  • Investors should watch for assay results from both the drill program and the summer 2026 soil sampling campaign

Snegamook Drill Program Scope and Geological Rationale

The 2026 diamond drilling program at Snegamook is planned for approximately 2,000 metres in 6 to 7 drill holes, with a later-than-expected start reducing the program from its original scope. The work will include twinning selected historical holes, rehabilitating and reviewing historical core at the Kanairiktok core storage facility, and engaging an independent Qualified Person to consult on potential future resource work. Historical drilling completed in 2007 and 2008 identified uranium mineralization in a 20- to 50-metre-wide zone of brecciated and altered monzodiorite, a geological setting interpreted as similar to the nearby Two-Time uranium deposit. There is no current NI 43-101 compliant mineral resource for Snegamook.

Check Sampling Results Reinforce Snegamook's Uranium Potential

During the 2025 prospecting program, Azincourt completed check sampling of available historical drill core at Snegamook. A 10 cm sample from drill hole SN-08-06 returned 2.71% U₃O₈, compared with a historical result of 0.97% U₃O₈ over 0.5 metres at the same interval — the best-mineralised interval from historical drilling on the deposit. A second check sample from hole SN-08-18 returned 0.35% U₃O₈. The company cautioned that due to the short and selective nature of these samples, the results should not be considered representative of the grade or width of the historical intervals or of the deposit generally. Historical results have not been independently verified by Azincourt.

Prospecting Expands Target Inventory Across the Broader Harrier Project

The summer 2026 prospecting program, conducted over approximately two weeks in August, identified two new uranium showings in the southern Boiteau Lake area and northwest of the Brook Showing, bringing the total number of uranium showings on the Harrier Project to 16. Soil survey grids were placed over the Brook Showing (128 samples) and the Boiteau Central Showing (60 samples) to help trace mineralised fractures beneath cover. At the Brook Showing, a 2025 sample previously returned 6.28% U₃O₈. Assay results from both soil campaigns are pending, and more detailed information will be provided once results are received.