Symbol: AZM.TSX Venture
LONGUEUIL, QC, Oct. 24 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
and Arianne Resources Inc. ("Arianne") announce encouraging rock sampling
results from the North Havre property located north of the town of
Havre-Saint-Pierre in the North Shore region, Quebec.
The results obtained from a total of 21 rock grab samples collected on
outcrops are as follows:
- 5 samples returned values higher than 0.05% U3O8: 0.43% U3O8,
0.37% U3O8, 0.24% U3O8, 0.09% U3O8 and 0.08% U3O8.
- 16 samples yielded values lower than 0.05% U3O8.
All samples returning values higher than 0.05% U3O8 also returned high
values in lanthanides (part of the rare earth element group) and in gallium,
as well as anomalous values in niobium, yttrium or zirconium.
Sample U3O8% Lanth. % Ga ppm Nb2O5% Y2O3% ZrO2%
263815 0.43 1.20 34 0.98 0.45 0.45
263821 0.37 (greater than) 3.88 117 0.09 0.26 0.67
263819 0.24 (greater than) 4.00 127 0.06 0.22 0.27
263816 0.09 0.25 31 0.08 0.14 0.04
263818 0.08 0.36 76 0.03 0.03 0.15
Two samples (# 263819 and 263821) returned lanthanide grades above the
laboratory's detection limit and will be reanalyzed. A mineralogical study
including microprobe analysis will be undertaken to characterize the
ore-bearing minerals. Lanthanides are part of a group of 15 chemical elements
ranging from lanthanum to lutetium in the periodic table of chemical elements.
The price of oxides of the lanthanide group varies from US$9 to $14 per kg,
gallium from US$650 to $680 per kg, and yttrium oxide from US$5 to $8 per kg.
These results follow the press release dated September 27, 2007
announcing the discovery of a radioactive pegmatite on the Havre Nord
property. The pegmatite is hosted by a granitic intrusion and has so far been
traced for more than 45 m with a thickness of about 5 m and a subvertical dip.
The showing, which is spatially correlated with a strong helicopter-borne
uranium anomaly of 1 x 5 km, may have significant extensions. A field crew
continues to evaluate this showing.
The field program is supervised by Bernard Lapointe, geologist and
Arianne's Qualified Person according to National Instrument 43-101. Analyses
have been performed using the ICP-MS method at the ALS-Chemex laboratory in
Vancouver. This press release was prepared by geologist Jean-Marc Lulin,
Azimut's Qualified Person.
Azimut is a mineral exploration company using cutting-edge targeting
methodologies to discover major ore deposits. Azimut has 19 active option
agreements on 5 gold properties and 16 uranium properties in Quebec.
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 CEO; Normand
Champigny, Executive Vice President, (450) 646-3015, Fax: (450) 646-3045,