Azincourt Resources Inc.

June 01, 2012 18:00 ET

Azincourt Commences Summer 2012 Work Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2012) - Azincourt Resources Inc. (TSX VENTURE:AAZ) ("Azincourt" or the "Company") announces that it has commenced mobilizing field personnel to carry out the Stage 1 Exploration Program on the Forgold Property (outlined in the Company's prospectus dated January 31, 2012 and filed on SEDAR under the Company's profile). The Forgold Property comprises an irregular shaped claim block approximately 18 kilometers long and four kilometers wide that straddles Forrest Kerr Creek approximately 20 kilometers north of the Iskut River in NW British Columbia.

The claims adjoin the southern and southeastern boundaries of the RDN property, currently owned by Kiska Metals Corp. and straddle a package of prospective rock units localized along a complex, north to north east trending deformation zone known as the Forest Kerr Fault Zone (FKF Zone). According to the British Columbia Geological Survey ("BCGS") underlying rock units comprise poly-deformed Paleozoic aged Stikine Assemblage meta-volcanic and meta-sedimentary rocks, Upper Triassic volcanic and sedimentary rocks, and Lower to Middle Jurassic Age volcanic rocks. The Lower to Middle Jurassic aged volcanic rocks are correlative with the Eskay Creek Horizon. The Upper Triassic and Lower to Middle Jurassic aged rocks are intruded by Early to Middle Jurassic sills, stocks and plugs and are associated with known vein style mineralization precious metal in the Iskut River District.

According to the BCGS, drilling by Noranda Inc. (which was subsequently acquired by Xstrata plc) and High Frontier Resources Ltd. on the RDN Property in 1991 at a prospect known as the "Boundary Zone" (located immediately north of the central part of the present Forgold Property) reportedly intersected an 11.6 meter interval that averaged 23.9 g/t gold (The Northern Miner, Sept. 1991). To assess potential extensions of the Boundary Zone onto the claims comprising the present Forgold Property, previous owners Ecstall Mining Corp. and GoldFields Canadian Mining Ltd. completed a large soil geochemical survey and a limited follow up program of drill testing.

During August and September of 2011 Azincourt consultants compiled the technical data generated by previous owners of the present Forgold Property into a GIS database, constructed detailed digital elevation models of the Property to support ongoing field work and carried out a systematic geochemical survey to verify the results of the 1991 survey completed by Ecstall and Goldfields. The results of the geochemical survey completed by Azincourt have confirmed extensive gold and base metal anomalies reported by Ecstall and Goldfields (gold values in soils ranged from trace levels to a high of 0.334 g/t gold). Large areas of the central part of the Forgold Property exhibit elevated precious and base metal values in soils and do not appear to have been tested by the limited drill program completed Ecstall and Goldfields.

The Stage 1 Exploration Program to be completed at the Forgold Property will consist of additional detailed soil sampling in the central part of the property to better define priority target areas for follow-up trenching and additional reconnaissance work to assess early stage target areas identified in the northeastern and southwestern parts of the Property. It is anticipated that it will take 12 to 14 weeks to complete the planned program. Results will be announced as they become available.

George Nicholson, P.Geo., is the Qualified Person that is responsible for the technical content of this press release. See the technical report prepared by Mr. Nicholson for the Company dated November 14, 2011 amended January 18, 2012 and entitled "Review of Technical Information and Proposed Exploration Program for the Forgold Property", which is available on the Company's SEDAR profile at


Darren P. Devine, CEO, President, Secretary and Director

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 Resources Inc. Statements regarding mineral exploration operations and objectives are subject to risk, including, but are not limited to, exploration and geologic risk, inflation and costs of goods and services, property title issues and regulatory approvals. 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 Resources Inc. does not assume the obligation to update any forward-looking statement, except as required by applicable law.

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 news release.

Contact Information

  • Azincourt Resources Inc.
    Darren P. Devine
    1-604-568-0945 (FAX)