Summer Exploration Program To Be Conducted At Big Hill Lithium Project

VANCOUVER - Azincourt Energy Corp has announced  exploration plans at the Big Hill Lithium Project in southern Newfoundland, Canada. The Big Hill Lithium Project is a 7,500-hectare Lithium-Cesium-Tantalum (LCT) exploration property located in southwestern Newfoundland, Canada. The project is located along the south side of the Hermitage Flexure. The project lies within the Burgeo Plutonic Complex and numerous granite dykes can be seen cutting the Burgeo granites. Coarse-grained pegmatite dykes greater than 2 meters wide and 20 meters long occur south of the property and are anticipated to be present on the Big Hill exploration licenses.

Preliminary prospecting at Big Hill has identified four known target areas, based on extrapolation of bedrock geology, structural disaggregation of stratigraphic blocks, and apparent folding and late shear faulting. Similar structural elements are observed in the Kraken Lithium Pegmatite field although the host rocks differ in terms of deformation. These targets are known as the River, Road, MK, and Ridge Targets and will be the focus of the initial exploration. Other information suggesting potential for lithium-bearing pegmatite mineralization comes from extrapolation and evaluation of multiple shear fault orientations projected onto the property. The strike length of the targets ranges up to approximately 200 meters.

No lithium specific historical exploration work has taken place on the Big Hill licenses to date. The initial field program for the Big Hill Project will be divided into multiple phases. A recent review of all available geophysical data and satellite imagery for the project area has resulted in 29 targets being selected from the geophysical data and an additional 52 targets selected from high resolution satellite imagery. Evaluation of these target sets will be the focus of Phase One of the exploration program, with coincident targets within these two sets taking a higher priority for initial evaluation.