Azincourt Energy Completes Initial Work Program on the Harrier Uranium Project

Executive Summary

• Azincourt Energy completed its 2025 summer introductory work program on the 49,400‑ha Harrier Project in Labrador’s Central Mineral Belt.
• The field work confirmed existing uranium showings, advanced the high‑priority Snegamook deposit, and identified two new uranium occurrences (assay results pending).
• Planning is underway for a 2026 diamond‑drilling campaign targeting drill‑ready prospects such as Snegamook, Moran Heights, Boiteau Lake, and Anomaly 7.

Key Details

• Land Package: 49,400 ha across five licence groups; adjacent to Paladin’s Michelin deposit and Atha Energy’s Moran Lake project.
• Known Mineralization: >12 uranium zones; surface rock samples up to 7.48 % U₃O₈; 10 zones >1 % U₃O₈. Only 124 historic drill holes (≈19,851 m) have been completed.
• 2025 Summer Work Program: Helicopter‑supported reconnaissance by a crew of one pilot, two geologists (including VP Exploration Trevor Perkins), and three prospectors; visited 11 known showings plus Snegamook.
• New Discoveries: Two new uranium showings identified – one in the Boiteau Lake area and another east of Anomaly 7; assay samples collected, results pending.
• Snegamook Deposit: Historic 2007‑08 drilling intersected a 20–50 m wide brecciated zone; core remains in decent condition. Azincourt plans an updated NI 43‑101 resource and diamond drilling in the 2026 field program.
• Moran Heights Prospect: Outcrop and pit sample (2024) assayed 7.48 % U₃O₈; historic drilling intersected up to 0.2 % U₃O₈, suggesting higher grades may have been missed. 3‑D modeling pending before drilling.
• Boiteau Lake Group: Multiple historic showings with assays ranging from 0.24 % to 1.48 % U₃O₈; a new outcrop (≈200 m NE of Boiteau Main) shows radiation up to 7,200 cps – assay pending.
• Anomaly 7 Prospect: Historical strike length ~3.5 km; 2024 sample returned 1.71 % U₃O₈, historic assays up to 2.12 % U₃O₈. Existing drill pads may have been shallow.
• Other Showings Examined: Anomaly 17, Brook, Fish Hawk North/South, Minisinakwa – all exhibit pitchblende‑type mineralization; core condition varies.
• Next Steps: Finalize target prioritization and commence a 2026 diamond‑drilling program targeting drill‑ready zones identified during the 2025 work.

Notable Quotes

“I was excited to get into the field with the crew and have a good look at the Harrier Project,” said Trevor Perkins, Vice President of Exploration.
“The structural setting seems relatively straightforward… we have targets at some of these showings that I would consider drill‑ready.”

— Alex Klenman, President & CEO