08:35 AM EST, 02/01/2018 (MT Newswires) -- Azincourt Energy (AAZ.V) -- a resource company specializing in the acquisition, exploration and development of alternative energy/fuel properties -- on Thursday detailed its upcoming exploration work programs with partner New Age Metals (NAM.V) at the five newly acquired lithium projects in the Winnipeg River Pegmatite Field in Manitoba, Canada.

Azincourt said it is set to start exploration work in late March, with a field program that includes detailed mapping of known pegmatite outcroppings on the Lithium One and Lithium Two projects. It will follow this with a chip sampling program to prioritize targets for the initial drill programs anticipated at both properties during May, June and July.

The company added: With the start of the lithium program it will have two active projects, with work ongoing at the East Preston uranium project in the Athabasca Basin, Saskatchewan. It will also continue to do due diligence on potential acquisitions of other clean energy, clean fuel exploration projects.

CEO Alex Klenman said: "As stated previously, we would like an active portfolio with multiple projects that expose the company to different sectors within the clean energy space. We are and have been invested in uranium, and we've added lithium interests. We are not done building our project portfolio and will continue to evaluate opportunities here in the near term that add additional value."

The company said in a statement that the Winnipeg River Pegmatite Field is host to numerous lithium-rich pegmatites in addition to Tanco Pegmatite, a highly fractionated lithium-cesium-tantalum type pegmatite that has been mined at the Tanco Mine since 1969 in varying capacities for spodumene (a major rock unit for lithium), tantalum, cesium, rubidium, and beryllium ores.

Shares on Wednesday climbed 7.7% to $0.21 apiece in a 52-week range of $0.05 - 0.37.