Catalysts incoming for AAZ.v Groundwork is anticipated to commence at Azincourt Energy’s (TSXV: AAZ) Hatchet Lake Project later this year. The drill program will consist of up to 1500 metres of drilling over 8-10 diamond drill holes.
Azincourt last provided an official press release regarding its plans for the East Preston and Hatchet Lake projects on July 28. At the time of the announcement, SP made a strong rebound of 60%. This shows me that there was solid market confidence in the products.
AAZ.c shares have since returned to trade at support around $.055. I expect that once drilling commences at these two projects, we will see another rebound of equal or greater magnitude.
AAZ.c is currently valued at $12.51 million.
https://twitter.com/AzincourtAAZ/status/1569391312255815682