Symbol: AZM.TSX Venture
LONGUEUIL, QC, Sept. 13 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
and Everton Resources Inc. ("Everton") report new high-grade gold values at
the Charles Target. Possible lateral extensions of this zone are now
recognized over 1.0 km of strike length. The Charles Target is a
northeast-southwest trending mineralized zone located in the central part of
the Opinaca A property, James Bay region, Quebec.
New rock chip sample results from the Charles Target, collected within an
area of 50 m by 10 m, yielded values ranging from 1.0 g/t Au to 35.9 g/t Au.
Results of the 66 new samples collected are as follows:
- 7 samples yielded values higher than 10 g/t Au including
35.9 g/t Au, 28.0 g/t Au, 21.9 g/t Au, 21.6 g/t Au, 12.2 g/t
Au, 10.4 g/t Au and 10.1 g/t Au;
- 17 samples returned values between 1.0 g/t Au and 10 g/t Au;
- 42 samples returned values less than 1.0 g/t Au.
An additional rock chip sample from an outcrop located 670 m on strike to
the northeast of the Charles Target returned a value of 2.7g/t Au. Two other
rock samples collected 160 m and 350 m to the southwest along the strike of
the Charles Target returned respectively 4.0 g/t Au and 1.1 g/t Au.
The results reported in this press release are in addition to the results
from 95 samples presented in the press release dated August 9, 2007.
The Charles Target appears as a corridor of 1.3 km in length. Due to the
steep topography and the presence of overburden, the width of the corridor has
not yet been assessed. The host lithologies are composed of garnet and
sulphide-rich, chloritized and silicified metasediments dipping subvertically
and in contact with pegmatitic intrusions. The mineralization is comprised of
up to 20% pyrite, arsenopyrite with minor pyrrhotite and chalcopyrite
associated with garnet and chloritic zones.
Azimut and Everton also report that a 1,500 to 2,000 m core drill program
commenced on September 6 at the Smiley Target to test coinciding induced
polarization (IP) and soil anomalies. In conjunction with the drill program,
an IP survey is currently being conducted on the western extension of the
Smiley Target and at the Charles Target. Everton is the project operator.
Fieldwork is performed under the supervision of Marc L'Heureux, P. Geo.
and VP Exploration of Everton, who acts as Everton's Qualified Person as
defined by NI 43-101. Samples were assayed by Laboratoire Expert Inc. of
Rouyn-Noranda, Quebec. This press release was prepared under the supervision
of Marc L'Heureux and reviewed by geologist Jean-Marc Lulin, Azimut's
In 2007, exploration programs on Azimut's 20 gold and uranium properties
in Quebec will total a minimum of $13 million, including $5.2 million for gold
exploration alone. Azimut has 19 active option agreements or strategic
alliances on gold, uranium or nickel properties representing a cumulative work
commitment from partners of nearly $60 million.
Azimut is a mineral exploration company using cutting-edge targeting
methodologies to discover major ore deposits. Azimut has 16.7 million shares
outstanding, no debt and no exposure to asset backed commercial paper funds.
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 Chief Executive
Officer; Normand Champigny, Executive Vice President, (450) 646-3015, Fax:
(450) 646-3045, firstname.lastname@example.org, www.azimut-exploration.com