Azimut reports on Hecla Quebec's progress on the Opinaca B gold property, James Bay region

Symbol: AZM.TSX Venture

LONGUEUIL, QC, Nov. 25, 2015 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or "the Company") (TSXV: AZM) is pleased to report that Hecla Quebec Inc. ("Hecla"), a wholly owned subsidiary of Hecla Mining Company (NYSE-HL), has renewed its option to earn up to 60% interest on the Opinaca B Property in the immediate vicinity of Goldcorp's Éléonore gold mine in the James Bay region.

On the Opinaca B Property, Hecla has the option to earn up to a 60% interest from Azimut and Everton Resources Inc (TSXV: EVR), each company currently owning a 50% interest. A $60,000 option payment from Hecla was recently received by Azimut.

During the spring and summer of 2015, Hecla conducted a $394,000 exploration program comprising:

  • A 40.5-km ground magnetic survey and a 21.8-km induced polarization ("IP") survey;
  • A prospecting program, including the sampling of 473 grab (rock) or float samples and 96 soil samples; and
  • A trenching program, including the collection of 153 channel samples from six sites.

 

Results outlined a 150- to 200-m-wide package of IP anomalies in the D8 prospect area carrying anomalous gold values (up to 0.11 g/t Au). The best prospecting result was 3.0 g/t Au from a boulder of chloritized wacke with quartz-feldspar-tourmaline veinlets.

Recently 42 new claims (22 km2) have been added to the Opinaca B Property. These new claims provide better control on the possible extensions of already defined prospective targets.

A diamond drilling program is currently proposed for 2016 to test several high priority targets on the property.

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 with the objective of discovering major ore deposits. The Company's core business is project generation using cutting-edge targeting methodologies, concurrently with partnership development.

 

SOURCE Azimut Exploration Inc.

For further information: Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.com, www.azimut-exploration.com

RELATED LINKS
http://www.azimut-exploration.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890