Symbol: AZM.TSX Venture
MONTREAL, Oct. 17 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
announces the recent map staking by the company of six gold exploration
properties in the James Bay region in northern Quebec.
These properties consist of 9 claim blocks totalling 1,587 claims and
covering a surface area of 831 km2. Confirmation of these claims is pending
from the Ministry of Natural Resources and Wildlife of Quebec. With these
acquisitions, Azimut has increased its portfolio of gold projects, which now
consists of 14 properties comprised of 4,395 claims over a surface area of
These new properties have been acquired based on regional-scale gold
potential modeling performed by Azimut over the entire surface area of the
James Bay region, combining geological, geochemical and geophysical
parameters. These properties are located in the Opinaca geological
Sub-Province. Target type is sediment-hosted gold deposits. This target type
is of considerable importance in this region since the discovery in 2004 of
the Eleonore deposit currently being developed by Goldcorp Inc.
Since 2003, Azimut has acquired a key land position in the immediate
vicinity of the Eleonore property, and elsewhere in the region. Azimut has
five active option agreements on its gold properties with Goldcorp Inc.
(Eleonore South and Wabamisk properties), Eastmain Resources Inc. (Eleonore
South and Opinaca D properties) and Everton Resources Inc. (Opinaca A and
Opinaca B properties). In 2007, partner-funded gold exploration programs will
total $5.5 million.
This press release was prepared by geologist Jean-Marc Lulin, the
company's Qualified Person as defined by NI 43-101. Azimut is a mineral
exploration company using cutting-edge targeting methodologies with the
objective of discovering major ore deposits.
The TSX Venture Exchange (TSX Venture) does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Jean-Marc Lulin, President and Chief Executive
Officer; Normand Champigny, Executive Vice President (450) 646-3015, Fax:
(450) 646-3045, email@example.com, www.azimut-exploration.com