Symbol: AZM.TSX Venture
LONGUEUIL, QC, Sept. 11 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
and its partner Majescor Resources Inc. ("Majescor") report encouraging
results from their summer 2008 exploration program at the West Minto property
in Nunavik, Quebec. A 10-day prospecting program allowed for a preliminary
assessment of 17 kilometric-scale target areas that were previously defined by
helicopter-borne geophysics (press release of October 11, 2007). Uranium
mineralization was discovered in outcrops (6 samples with assays up to 0.90%
U3O8 or 19.8 lbs/t) and boulders (49 samples with assays up to 0.32% U3O8 or
7.0 lbs/t). These results, which correlate well with the helicopter-borne
target areas, validate the uranium exploration potential of the property
within a corridor at least 40 km long.
Assay results for the 55 grab rock samples collected at West Minto in
2008 are as follows:
- 19 samples with values above 0.05% U3O8, including 10 samples with
values above 0.1% U3O8. The best values are 0.90% U3O8 from an outcrop
and 0.32% U3O8, 0.28% U3O8, 0.25% U3O8 and 0.15% U3O8 from boulders;
- 17 samples with values between 0.01% and 0.05% U3O8;
- 19 samples with values less than 0.01% U3O8.
U/Th ratios for samples above 0.05% U3O8 range from 3 to 93 and are
generally more than 10.
The property is covered by an extensive but thin veneer of till with few
outcrop exposures. It is likely that the bedrock source of most of these
boulders is proximal. Mineralized samples occur in granites, pegmatites and
granitic gneisses. Many of the anomalous uranium targets appear to be located
along the flanks of a north-trending felsic metavolcanic unit. The property
lies along a major basement flexure.
The property comprises 952 claims covering a surface area of 432 km2.
Azimut has granted to Majescor the option to earn a 50% interest on the West
Minto property. Majescor may earn an additional 15% interest upon the delivery
of a bankable feasibility study. Majescor is the project operator. All rock
samples were assayed at the Saskatchewan Research Council laboratory in
Saskatoon, an ISO-IEC 17025 accredited facility.
This press release was prepared by geologist Jean-Marc Lulin acting as
Azimut's Qualified Person under National Instrument 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 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