Symbol: AZM.TSX Venture
LONGUEUIL, QC, Jan. 8 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
and Majescor Resources Inc. ("Majescor") continue to receive encouraging
results from their summer 2007 exploration program at the South Rae property
in Nunavik, northern Quebec. Additional rock grab samples from the main claim
block returned the highest uranium grade to date (0.65% U3O8 or 14.3 pounds/t
U3O8) and extended the northernmost uranium trend by an additional 600 m. Over
the course of a 3-week ground prospecting survey, uranium mineralization was
discovered along a 30 km-long prospective corridor within the main claim
block, confirming the regional scale uranium potential of the property (see
press releases dated September 5 and October 31, 2007).
A preliminary evaluation of the helicopter-borne radiometric survey,
which was flown after the ground prospecting survey was already completed,
indicates that the strongest uranium targets have yet to be examined. A
comprehensive prospecting, sampling and mapping program is currently being
planned for the 1,049 km2 South Rae property. The best ground prospects are
scheduled to be drill-tested in 2008.
Assay results for all 128 rock samples collected at South Rae in 2007
- 37 samples with values higher than 0.05% U3O8, including 18 samples
with values above 0.1% U3O8
- 57 samples with values between 0.01% and 0.05% U3O8
- 34 samples with values less than 0.01% U3O8
The prospective corridor outlined on the property can be subdivided into
three mineralized trends, including:
- an 8.5-km long north trend with assays of 0.65% U3O8, 0.57% U3O8,
0.30% U3O8, 0.29% U3O8, 0.18% U3O8, 0.12% U3O8, 0.11% U3O8 and
- a 6-km long central trend with assays of 0.50% U3O8, 0.30% U3O8,
0.23% U3O8, 0.22% U3O8, 0.19% U3O8, 0.17% U3O8, 0.14% U3O8, and
- a 3-km long south trend with assays of 0.43% U3O8, 0.18% U3O8 and
Mineralized facies are pegmatitic dykes and granitic gneisses generally
conformable to the regional foliation. Azimut and Majescor are targeting
Rvssing-type, large tonnage, intrusion-related uranium deposits amenable to
open pit mining.
Rock samples were analyzed at the Saskatchewan Research Council (SRC)
laboratory in Saskatoon, which is an ISO-IEC 17025 accredited facility. This
press release was revised by geologist Jean-Marc Lulin, Azimut'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. Azimut is
a leading explorer in Quebec with nearly 50 exploration properties totaling
27,000 claims for uranium, gold and nickel.
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