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Azincourt/New Age JV adds Cat Lake lithium project to portfolio; work underway

The joint venture between Azincourt Energy Corp. and New Age Metals Inc. agreed to acquire the early stage Cat Lake lithium property in Manitoba, with preliminary field work underway.

The project comprises nine claims covering approximately 2,000 hectares directly north of the Lithium Two project, under option to Azincourt by New Age.

Azincourt will be required to spend an additional C$250,000 on exploration over the life of the joint venture, with the 2018 exploration budget increased by C$100,000.

A preliminary 3,000-meter drill program is planned for the summer at two of the joint venture's eight lithium projects in Manitoba.