Symbol: AZM.TSX Venture
LONGUEUIL, QC, Oct. 29 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
announces that its partner Kennecott Exploration Company ("Kennecott"), a
subsidiary of the Rio Tinto Group, has obtained encouraging results for its
summer exploration program on the Grenium project in the North Shore region,
The 2007 work included:
- 2,751 line-km of helicopter-borne radiometric and magnetic
surveying by Fugro Airborne Suveys;
- the collection of 190 soil samples for which results are
- the collection of 76 rock grab samples.
Prospecting led to the identification of mineralized outcrops. The values
for 12 rock samples were higher than 0.01% U3O8, with the best values being:
0.33% U3O8, 0.16% U3O8, 0.10% U3O8, 0.09% U3O8 and 0.08% U3O8. Nine of these
12 samples correlate well with a strong 4-km long helicopter-borne anomaly.
Mineralized rocks are granite, pegmatitic granite and gneiss. Other areas
where prospecting has yet to be performed correspond to strong or very strong
helicopter-borne anomalies of multi-kilometric extent.
Based on these results, Kennecott expressed its intent to continue its
exploration of the Grenium project in 2008. The Grenium project comprises four
properties (Havre, N-W Havre, Augustin and Chevery) totalling 1,018 claims and
a surface area of 548 km2. The Grenium project is part of a Strategic Alliance
between Azimut and Kennecott, as reported in the press release of February 21,
The results reported here, combined with results of up to 0.43% U3O8 that
were recently announced for the North Havre property (press release of October
24, 2007), further demonstrate the uranium potential of Azimut's properties in
the North Shore region.
The field program was conducted by a Kennecott team. Analyses were
performed using ICP-MS at the ALS-Chemex laboratory in Vancouver. This press
release was prepared by geologist Jean-Marc Lulin, Azimut's Qualified Person
as defined by NI 43-101.
Kennecott is a subsidiary of the Rio Tinto Group, a world leader in the
discovery, mining and processing of a wide range of mineral resources. Rio
Tinto ranks second among the world's uranium producers, and notably mines the
world-class Rvssing deposit in Namibia.
Azimut is a mineral exploration company using cutting-edge targeting
methodologies to discover major ore deposits. Azimut has 19 active option
agreements, including 2 Strategic Alliances with Kennecott in Quebec.
The TSX Venture Exchange (TSX Venture) does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Jean-Marc Lulin, President and CEO; Normand
Champigny, Executive Vice President, (450) 646-3015, Fax: (450) 646-3045,