Symbol: AZM.TSX Venture
LONGUEUIL, QC, Aug. 8 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
and NWT Uranium Corp. ("Northwestern") report on a comprehensive program
underway at the North Rae Property located in the Ungava Bay region of
northern Quebec. During a preliminary ranking field program performed early
July by a joint Azimut-Northwestern task team, three large radioactive
outcropping targets have been discovered corresponding to strong
helicopter-borne uranium anomalies. Ongoing detailed surface sampling,
systematic ground radiometric surveys and geological mapping on these zones
will lead to the definition of drilling targets. Drilling is scheduled to
commence this field season.
The three newly discovered zones are the Tasialuk, Tasik and Torrent
zones, preliminarily delineated by high radioactive counts over significant
lengths and widths. The Tasialuk Zone is recognized over 1,000 m by 200 to 300
m. The Tasik Zone covers an area of 1,000 m by 100 to 150 m. The Torrent Zone
is an area measuring 1,700 m by 50 to 150 m.
In these three zones, the highest radioactive counts are related to
pegmatitic (to granitic) dykes, as individual dykes or subparallel dykes
swarms, in contact with gneissic metasediments. The dykes are subvertical to
steeply dipping. Yellow minerals, resulting probably from the superficial
alteration of primary uranium-bearing minerals, have been observed at several
locations on each of these zones. Areas with elevated radiometry registered
values ranging from 1,000 to 40,000 counts per second (cps) in sharp contrast
to background values of approximately 120 cps.
The 2007 field program had as an objective to assess and rank the 14
top-priority anomalies, which were identified during a helicopter-borne
geophysical survey conducted during the year 2006 (see press release dated
October 11, 2006). Seven anomalies have so far been selected for follow-up
detailed field work. These anomalies include the three new zones reported
above, as well as the Rae-1 Zone, a 3.3-km mineralized zone that has returned
rock sample values up to 0.59% U3O8 (see press release dated November 29,
All rock samples collected during field work are submitted to
Saskatchewan Research Council of Saskatoon for analysis using Aqua Regia
Partial digestion followed by ICP. Results of the surface sampling performed
in 2007 at North Rae are pending.
Northwestern has planned a budget of $1.5 million for the 2007 program on
the North Rae Property and adjacent Daniel Lake Property, both under option
from Azimut. At North Rae, planned field expenditures are of $1.2 million. At
Daniel Lake, Northwestern will spend $300,000 on helicopter-borne geophysics
and reconnaissance prospecting. Northwestern is operator on these 2 properties
totaling 2,707 claims and covering a surface area of 1,222 km2.
Azimut and Northwestern believe that the results acquired to date on the
North Rae Property are very encouraging and may lead to the discovery of a new
This press release was prepared by geologist Jean-Marc Lulin, the
company's Qualified Person as defined by NI 43-101. Azimut is a mineral
exploration company using cutting-edge targeting methodologies to discover
major ore deposits.
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,