Symbol: AZM.TSX Venture
LONGUEUIL, QC, May 19 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) reports excellent results from its 100%-owned Eastmain West property
located in the James Bay region, Quebec. Chromium grades up to 39% Cr2O3 and platinum group element (PGE) values up to 1.9 g/t PGE have been obtained within a 4-km-long ultramafic intrusion on the
property. These new data further confirm the strong chromium-PGE
exploration potential of the project.
The Eastmain West property, which comprises 76 claims over a surface
area of 40 km2, is close to major infrastructure. It is located 45 km NE from Nemaska
village, 43 km NE from the Némiscau airport, and 30 km east of James
In total, 50 rock grab samples were collected during a 10-day program
performed last fall. This was followed by a 54-line-km magnetics-VLF
survey covering the main target zones. Geosig Inc from Quebec City
carried out the survey in December 2010.
Mineralization occurs in two main rock types:
Ultramafic intrusive body (18 samples) with grades ranging from 0.1% to 14.7% Cr2O3. The best PGE values reached 0.14 g/t (Pd+Pt).
Chromite-rich dykes or sills (21 samples) with grades ranging from 17.6% to 39.1% Cr2O3. The best PGE values reached 1.9 g/t, including 1.4 g/t Pd, 0.25 g/t Pt,
0.094 g/t Rh and 0.20 g/t Ru. Chromite-rich facies have an average
Cr:Fe ratio of 1.24, the highest ratio being 2.20.
Two main prospects are recognized: (a) the Sledgehammer Prospect (34 samples), traced for 100 metres within a 900 m by 200 m magnetic
high, yielded grades up to 36.8% Cr2O3 in the chromite-rich facies and up to 14.7% Cr2O3 in the ultramafic facies; (b) the Dominic Prospect (5 samples), occurring in a magnetic low, yielded grades up to 39.1% Cr2O3 in the chromite-rich facies and up to 1.1% Cr2O3 in the ultramafic facies.
A preliminary mineralogical study shows very coarse chromite grains
within a magnesium-rich alumino-silicate matrix. According to the
study, a primary grind should be sufficient to easily liberate the
chromite from the silicate gangue. Rock samples were assayed by ALS
Chemex of Val-d'Or, Quebec, using fire assay, atomic absorption
spectrometry, ICP, neutronic activation and X-ray fluorescence methods.
Onsite work was managed by Azimut's senior project geologist, François
Bissonnette, P.Geo. This press release was prepared by 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, and partnership
development. Azimut holds the largest mineral exploration portfolio in
Quebec, including key gold, copper, uranium and rare earth element
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.
SOURCE AZIMUT EXPLORATION INC.
For further information:
Jean-Marc Lulin, President and CEO
Tel.: (450) 646-3015 - Fax: (450) 646-3045