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Energy
Azincourt Energy (TSXV:AAZ) Announces Permitting for Exploration at Snegamook Uranium Project
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Higlights
Azincourt Energy Corp. (TSXV: AAZ) has announced that it has received permitting to begin an exploration program at its newly acquired Snegamook Uranium Project. The project, located in Canada’s Central Mineral Belt in Newfoundland and Labrador, is strategically positioned near the historical Two Time Zone uranium deposit, which holds an indicated and inferred resource of 5.55 million pounds of U3O8 (June 2008).
The Snegamook Uranium Project has demonstrated strong potential for further discoveries. Historical drilling has revealed shallow-dipping uranium lenses with grades reaching up to 0.11% U3O8. These findings suggest a promising opportunity to expand known mineralization in the area.
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