Symbol: AZM.TSX Venture
LONGUEUIL, QC, March 17 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut") reports that Goldcorp Canada Ltd. ("Goldcorp") has started a 2,000-metre drilling program on three (3) gold targets on the Wabamisk gold property.
The three targets, located in the western half of the property, are described as follows:
- GH prospect: Felsic volcanics with intense quartz veining, silica and
potassic alteration, positioned within a 3.5-km-long strong antimony
(Sb) and arsenic (As) soil anomaly. An IP geophysical anomaly
correlates well with soil geochemistry. Rock grab sampling results
include 428 ppb Au, 1.94% Sb and 0.18% As. Antimony and arsenic are
excellent pathfinders for gold.
- Brenda prospect: Mafic volcanics with intense silica alteration and
quartz veining in an area with few outcrops. Channel sampling returned
453 ppb Au and 0.83% As over 5.0 m, and grab samples collected in 2007
returned gold values up to 2.09 g/t Au. The minimum length of the
Brenda target is 500 m.
- ML prospect: Altered mafic volcanics with tourmaline returned 7.53 g/t
Au in a single grab sample collected from the prospect. The ML prospect
lies along the eastern extension of the gold-bearing Dome area, which
is recognized over a strike length of at least 1.7 km. Historical gold
values for grab samples from the Dome area include 80.7 g/t Au,
21.0 g/t Au and 10.8 g/t Au.
The Wabamisk property is 57 km long and comprises 755 claims over a 400 km2 surface area in the James Bay region of Quebec. The property is currently held 100% by Azimut. Goldcorp has the option to earn a 51% interest and an additional 19% interest upon the delivery of a bankable feasibility study. Goldcorp is the project operator. Wabamisk is located 70 km south of Goldcorp's Eleonore gold deposit (3.15 million ounces of measured and indicated resources and 6.25 million ounces of inferred resources) and about 20 km southeast of Eastmain Resources' Clearwater gold deposit (310,000 ounces of indicated resources and 680,000 ounces of inferred resources).
This press release was prepared by geologist Jean-Marc Lulin acting as Azimut's Qualified Person under NI 43-101. Azimut is a mineral exploration company using cutting-edge targeting methodologies with the objective of discovering major ore deposits.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Azimut Exploration Inc
For further information: For further information: Jean-Marc Lulin, President and CEO, (450) 646-3015, Fax: (450) 646-3045, firstname.lastname@example.org; www.azimut-exploration.com