In January of 2018 Azincourt signed a definitive agreement with New Age Metals (TSX.V: NAM) to acquire up to 100% interest in five lithium exploration projects located in the Winnipeg River Pegmatite Field, Manitoba, Canada.

The agreement now covers a total of eight projects (three drill ready) with a land package in excess of 14,000 hectares, representing the largest mineral claim holdings of projects for the lithium group in the Bird River Greenstone Belt, which contains the Winnipeg River Pegmatite Field.

The Field is host to numerous lithium-rich pegmatites in addition to the world-class Tanco Pegmatite, a highly fractionated lithium-cesium-tantalum (LCT) type pegmatite that has been mined at the Tanco Mine since 1969 for spodumene (a major rock unit for lithium (Li)), tantalum (Ta), cesium (Cs), rubidium (Rb), and beryllium (Be) ores.

2018 Work Programs for Winnipeg River Pegmatite Field

 Budget for year one: $600,000

Mapping

Field work to include mapping program of existing pegmatite locations and to confirm locations of newly discovered pegmatites

Sampling

To identify and verify presence of known and newly discovered lithium-bearing pegmatites

Drilling

to include minimum of 3000 meters between Lithium 1 (Silverleaf) and Lithium 2 (Eagle and FD5 Pegmatites)

Lithium Projects

Lithium 1 Project

  • 2016 grab samples returned values up to 4.33% Li2O at the Silverleaf Pegmatite
  • Silverleaf Pegmatite was mined for spodumene in the 1920s, surface exposure 80m x 45m
  • Approximately 40 pegmatites are estimated to exist north of Greer Lake and another 100 south of the lake

Lithium 2 Project

  • * Historical estimate from drilling in 1947 defined 545,000 tonnes of 1.4% Li2O
  • 12 samples obtained in 2016 field work range from .02% to 3.04% Li2O from the Eagle Pegmatite and up to 2.08% Li2O from the FD5 Pegmatite
  • Lithium-bearing Eagle Pegmatite is 1100m in length, up to 12m wide and open to depth

Cat Lake, Lithman West, East projects, and subsequent expansions

  • Historical rock and geochemical anomalies
  • Lithman West & East, adjacent to the Tanco Mine, an underground cesium, spodumene and tantalum mine in production since 1969
  • The pegmatite ore body now mined by the Tanco Mine was discovered in the late 1920s. Major minerals found in the mine include spodumene (lithium bearing), amblygonite (lithium bearing), pollucite (cesium bearing), and beryl (beryllium bearing) and a host of tantalum bearing minerals
  • Cat Lake Project is adjacent to Quantum Minerals (TSX.V: QMC) Cat Lake Lithium Project (aka Irgon Lithium Mine)
  • There is an abundance of pegmatites throughout the project areas, representing substantial exploration upside.