Symbol: AZM.TSX Venture
LONGUEUIL, QC, Feb. 27 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
and Majescor Resources Inc. ("Majescor") report additional encouraging results
from their 2007 exploration program at the South Rae property in the Ungava
Bay region of Nunavik, northern Quebec. A detailed analysis of the 5,195
line-km airborne radiometric survey conducted over the property in the fall of
2007, subsequent to the initial ground exploration work, has defined 392
priority uranium targets for follow-up investigation. These form 52 distinct
Of particular interest is the fact that the strongest uranium anomalies
on the property are north of the 30 km-long prospective corridor outlined in
2007. Reconnaissance sampling within this corridor previously returned 94
outcrop sites with assays ranging from 0.01% U3O8 to 0.65% U3O8 (press release
of January 8, 2008). In order to protect the new uranium anomaly clusters,
Azimut and Majescor have staked an additional 483 claims, bringing the total
to 2,563 claims covering 1,180 km2.
Plans are currently underway to secure and mobilize a heliportable core
drill rig to the property. The best ground targets at South Rae will be
drill-tested in 2008.
Azimut and Majescor are targeting Rossing-type, large tonnage,
intrusion-related uranium deposits amenable to open pit mining. Majescor can
acquire up to 65% interest in the South Rae property from Azimut by delivering
a bankable feasibility study. Majescor is the project's operator.
Azimut is a leading explorer for uranium in Quebec, one of the most
pro-mining and secure jurisdictions in the world. Azimut holds 21 uranium
exploration properties totaling 19,000 claims (8,894 km2). These properties
were acquired based on the results of uranium potential modeling conducted by
Azimut, and covering a large part of Quebec over a 683,000-km2 surface area.
In 2008, partner-funded uranium exploration programs will reach a minimum of
The airborne radiometric survey was interpreted by MB Geosolutions, an
independent geophysical consultant based in Quebec City. 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 to discover major ore deposits.
The TSX Venture Exchange 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, firstname.lastname@example.org, www.azimut-exploration.com