Azincourt Files Technical Report for Macusani and Munani Projects, Peru
20 Mai 2014 - 10:45PM
Marketwired
Azincourt Files Technical Report for Macusani and Munani Projects,
Peru
SASKATOON, SASKATCHEWAN--(Marketwired - May 20, 2014) -
AZINCOURT URANIUM INC. ("Azincourt" or "the Company")
(TSX-VENTURE:AAZ), is pleased to announce the filing of an updated
NI 43-101 report for the Company's advanced exploration projects in
Peru, owned by its wholly-owned Peruvian subsidiary Minergia SAC.
The report was prepared for purposes of complying with the
disclosure requirements of NI 43-101, but does not contain any new
material information concerning the Company's Peruvian properties
that has not been previously disclosed.
The report dated May 14, 2014 entitled: "Updated Technical
Report of the Macusani and Muñani Uranium Exploration Projects,
Department of Puno, Perú" was completed by William R. Henkle Jr of
Henkle and Associates and has been filed under Azincourt's
corporate profile on SEDAR (www.sedar.com). The technical report
restates the updated resource estimate completed in 2011 on the
Macusani projects and provides an evaluation of the Muñani project
with proposed exploration work for both project areas to advance
these prospective projects. Work planned for the advanced Macusani
projects aims to enhance the quality of the resource and expand the
deposit' footprints, while work proposed at Muñani will assess the
prospectivity of this green-field exploration project through
initial drill testing.
Azincourt acquired Minergia SAC from Vena Resources Inc. and
Cameco Corporation in November 2013 (see News Release dated
November 22, 2013). Exploration work on the Macusani concessions is
expected to be restarted in 2014.
Azincourt and Macusani Yellowcake Inc. signed a non-binding
letter of intent in April 2014 which contemplates that Macusani
Yellowcake will acquire all of Azincourt's uranium properties in
Peru by the purchase of held in Minergia in exchange for Macusani
Yellowcake common shares and joint Azincourt and Macusani
Yellowcake management and board involvement (see News Release dated
April 17, 2014). Due diligence is currently on-going.
Qualified Person
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed on behalf of the company by
Ted O'Connor, P.Geo. President and CEO of Azincourt Uranium Corp.,
a qualified person.
About Azincourt Uranium Inc.
Azincourt Uranium Inc. is a Canadian based resource company
specializing in the strategic acquisition, exploration and
development of uranium properties and is headquartered in
Vancouver, British Columbia. Azincourt has advanced exploration
projects and uranium resources in southeastern Peru and the PLN
exploration project joint venture with Fission 3.0 in northern
Saskatchewan.
ON BEHALF OF THE BOARD OF AZINCOURT URANIUM INC.
Ted O'Connor, CEO and President
NEITHER THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
This press release includes "forward-looking statements",
including forecasts, estimates, expectations and objectives for
future operations that are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of
Azincourt. Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or
developments may differ materially from those projected in the
forward-looking statements. Such forward-looking information
represents management's best judgment based on information
currently available. No forward-looking statement can be guaranteed
and actual future results may vary materially.
Azincourt Uranium Inc.Mario VetroCorporate Development and
Investor RelationsDirect: 604 662
4955mario@azincourturanium.comwww.azincourturanium.com
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