Azincourt Energy Reports 19-Metre Uranium Interval at Snegamook Deposit in Labrador

Azincourt Energy has completed four diamond drill holes totalling 1,069 metres at the Snegamook uranium deposit on the Harrier Project in Labrador, including a 19.0-metre interval grading 0.03% eU3O8 in hole SN0048. The company said the 2026 program is now expected to total approximately 1,800 metres in six to seven drill holes, with laboratory assays pending. The details were reported by TradingView.

What the Snegamook Holes Intersected

Hole SN0048 was drilled 2.0 metres from historical hole SN-08-24 at a dip of 45 degrees to twin it, reaching a depth of 275 metres. It intersected a 31.6-metre zone of elevated radioactivity averaging 0.01% eU3O8 from 78.85 to 110.45 metres, including 0.05% eU3O8 over 0.3 metres and 0.05% eU3O8 over 1.0 metre.

Hole SN0047 was drilled 50 metres ahead of SN-08-06 at a dip of 45 degrees to evaluate the mineralized horizon 35 metres up-dip, reaching 254 metres. It intersected multiple small zones of elevated radioactivity over a 29.50-metre interval, including 0.03% eU3O8 over 0.8 metres.

"These holes continue to confirm the extent of the mineralizing system and setting of the Snegamook uranium deposit," said Trevor Perkins, Vice President of Exploration. "The results demonstrate the thick mineralized horizon and variable nature of the grades," he continued.

The reported grades are preliminary radiometric equivalent uranium grades calculated from downhole gamma measurements, not laboratory assay results. All intervals are downhole lengths, and true widths have not been determined.

Azincourt's Funding and Leadership Records

Azincourt Energy is a Vancouver-based, pre-revenue junior miner exploring for uranium and lithium in Labrador, the Athabasca Basin and Manitoba, according to akta.pro company records. The same records show the company closed its largest private placement to date in March 2026, raising C$2,196,499.88 in flow-through and non-flow-through units, including C$142,000 of insider participation, to fund the Snegamook summer 2026 drilling and a maiden NI 43-101 resource estimate.

Mark Tommasi was appointed CEO and Director in March 2026, replacing Alex Klenman, who transitioned to an advisory capacity. The same records list total funding of $20.3 million and a valuation estimate under $10 million.

Snegamook's Path to the 2026 Program

Azincourt Energy announced preparations for a late-summer diamond drilling and prospecting program at its Harrier Uranium Project in Labrador, including the Snegamook deposit, in June 2026, according to Newsfile. The company completed prospecting and soil sampling at the Harrier Project and began diamond drilling at Snegamook in early October 2026, with the program expected to total about 2,000 metres across six to seven holes, Stock Titan reported.

On October 14, 2026, Azincourt Energy reported completing two diamond drill holes at Snegamook, intersecting 0.07% eU3O8 over 0.6 metres and 0.03% eU3O8 over 0.3 metres, with the program then expected to total about 2,000 metres in six to seven holes, according to Stock Titan.

Assay Results Expected Early Next Year

Samples from all holes have been collected for laboratory uranium assays at ACTLabs in Ancaster, Ontario, with results expected early in the new year. The company said drilling and historical core evaluation are intended to support its assessment of whether sufficient verified geological data can be assembled for a potential maiden mineral resource estimate.