Azincourt Energy Samples High-Grade Lithium Oxide (Li2O) at the Lithium One Project, Southeast Manitoba
Press Release
- Assays up to 4.1% Li2O received from the Silverleaf Pegmatite
- Additional high-grade samples return 3.04%, 3.37% and 3.90% Li2O
- High purity spodumene blade sample from Silverleaf assays 8.76% Li2O
- Samples also return up to 6.1% Rb2O (Rubidium Oxide)
Vancouver B.C., November 13, 2018 – AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), in conjunction with its JV partner, New Age Metals (TSX.V: NAM), is pleased to announce exploration results from the Lithium One Project, located 125 kilometers northeast of Winnipeg, Manitoba, as part of the Winnipeg River Pegmatite Field.
Crews have been active at Lithium One throughout late summer and into the fall executing a comprehensive ground reconnaissance program (detailed mapping and sampling) designed to help prioritize targets for upcoming drill programs. Sampling at Lithium One has generated significant results, with several returning high-grade lithium oxide (“Li2O”). Nine samples exceeded 2% Li2O, five samples exceeded 3% Li2O and two samples exceeded 4% Li2O. See table below:
Silverleaf Pegmatite – Lithium One Project – 2018 Assay Results
| Sample # | UTM E | UTM N | Type | Li2O % | Cs2O | Rb2O | Ta2O5 |
| 172176 | 332224 | 5580074 | Assay | 2.56 | 0.14 | 5.07 | 0.01 |
| 172177 | 332224 | 5580074 | Assay | 0.06 | 0.05 | 1.13 | 0.00 |
| 172178 | 332224 | 5580074 | Assay | 2.63 | 0.17 | 5.26 | 0.01 |
| 172179 | 332173 | 5580096 | Assay | 2.71 | 0.02 | 0.13 | 0.01 |
| 172181 | 332172 | 5580093 | Assay | 1.81 | 0.05 | 0.63 | 0.00 |
| 172182 | 332169 | 5580091 | Assay | 4.09 | 0.00 | 0.03 | 0.00 |
| 172183 | 332169 | 5580091 | Assay | 3.90 | 0.00 | 0.03 | 0.00 |
| 172184 | 332169 | 5580091 | Fractionation | 0.04 | 0.00 | 0.01 | 0.00 |
| 172185 | 332187 | 5580090 | Fractionation | 8.76 | 0.01 | 0.05 | 0.01 |
| 172186 | 332183 | 5580090 | Assay | 3.04 | 0.18 | 5.56 | 0.02 |
| 172187 | 332214 | 5580082 | Assay | 2.54 | 0.15 | 5.54 | 0.01 |
| 172188 | 332228 | 5580090 | Assay | 3.37 | 0.14 | 6.11 | 0.01 |
Table 1: Silverleaf Pegmatite – 2018 Sample Assay Results (see Figure 3 for sample locations)
Samples were obtained from the surface exposure of the Silverleaf Pegmatite. Samples include grab and channel samples with the dominant geological unit exposed on surface being the Spodumene-Lepidolite Zone. Sample locations are referenced in accompanying Figure 3. The Annie and other pegmatites from the Lithium One Project have also been sampled and assay results are currently pending.
“These are excellent results at Lithium One, the numbers are significant,” said president & CEO, Alex Klenman. “These high-grade samples, combined with our earlier results at the Lithium Two Project, have provided important data that is not only extremely beneficial in the identification of priority drill targets, but they also greatly enhance our understanding of the project potential. With each round of results the viability of the projects become more compelling. We are excited to progress to drill stage and begin to unlock that potential,” continued Mr. Klenman.
Drill permits have been applied for on the Lithium Two and Lithium One Projects and the company is awaiting approval from the province. Drilling will commence once the permits are approved.
High Purity Spodumene
In an effort to determine the purity of the spodumene, a sample of spodumene blade (sample # 172815) was extracted from the Silverleaf Pegmatite and sent for analysis. This sample yielded an assay value of 8.76% Li2O. A review of spodumene mineral data indicates that spodumene crystal can contain Li2O content from 3.73% to 8.03% Li2O. This would suggest that the spodumene crystals present in the Silverleaf Pegmatite are of a very high lithium content.
Rubidium Oxide
In addition to the high-grade lithium oxide (Li2O) results, several samples also returned significant amounts of rubidium oxide (Rb2O). Rubidium oxide is a highly insoluble thermally stable rubidium source suitable for glass, optic and ceramic applications. It is recovered commercially from lepidolite as a by-product of lithium extraction. Rubidium’s principle application is in specialty glasses used in fiber optic telecommunications systems, in addition to night-vision devices, photoelectric cells and photomultiplier tubes.
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