Azimut announces Gold results on the Nantais Property in Nunavik, Northern Quebec
Symbol: AZM.TSX Venture
LONGUEUIL, QC, Sept. 18, 2012 /CNW Telbec/ - Azimut Exploration Inc ("Azimut" or "the Company") (TSXV: AZM) announces encouraging results from an additional sampling program performed on its wholly owned Nantais Property in Nunavik, Northern Quebec. The results and geological context indicate an excellent potential for gold-rich polymetallic volcanogenic massive sulphide deposits. The next phase of exploration will consist of airborne geophysics, prospecting and possibly drilling.
A total of 128 grab rock samples were collected on the property in 2012, mostly from outcrops. Grab samples are selective by nature and unlikely to represent average grades. The best grades include:
The results for all 152 samples collected from this property in 2011 and 2012 can be summarized as follows:
- Gold: 31 samples returned grades higher than 0.1 g/t Au, including 14 samples ranging from 1.0 g/t to 26.10 g/t Au
- Silver: 93 samples returned grades higher than 1.0 g/t Ag, including 15 samples ranging from 10.0 g/t to 99.30 g/t Ag
- Copper: 17 samples returned grades from 0.1% to 0.86% Cu
Many samples also returned anomalous zinc (up to 2.26% Zn) and lead values (up to 1.29% Pb). To date, mineralization has been recognized along a 3-kilometre-long prospective trend, open in all directions (see appended map). Mineralization is hosted within a steeply dipping north-trending unit of mafic and felsic volcanic rocks belonging to the Nantais Complex of the Minto Block, a geological division of the Archean Superior Province. The Nantais Property is located about 80 kilometres south of Xstrata's world-class Raglan nickel mine and 115 km southwest of the Inuit village of Kangiqsujuaq.
Rock samples were sent to ALS Minerals in Val-d'Or, Quebec, and were assayed using an ICP method. This press release was prepared by geologist Jean-Marc Lulin, P.Geo., acting as Azimut's Qualified Person under NI 43-101.
Azimut is a mineral exploration company with the objective of discovering major ore deposits. The Company's core business is project generation using cutting-edge targeting methodologies, along with partnership development. Azimut holds the largest mineral exploration portfolio in Quebec.
Neither 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
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