Symbol: AZM.TSX Venture
LONGUEUIL, QC, Sept. 21, 2016 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that the first phase of a 5,000-metre diamond drilling program has commenced on the Eleonore South Property in the James Bay region of Quebec. This first phase of drilling, totalling 2,500 metres, will provide a preliminarily assessment of a 3-kilometre-long highly prospective corridor on strike with the adjacent Cheechoo discovery made by Sirios Resources Inc. (see appended figures).
The targets are defined by a combination of strong prospecting results, including high-grade gold mineralization (see press release on August 29, 2016), and elevated gold-arsenic anomalies in soils. Recent geophysical reprocessing of magnetic data provides additional support for target definition.
The objectives are to assess:
- The potential of the high-grade Moni Prospect, including 11.6 g/t Au to 142.0 g/t Au in grab samples, and its potential strike extension over a 700-m distance with four drill holes;
- The possible direct strike-extension of the Cheechoo discovery onto the Eleonore South project, over a 600-metre distance along the tonalite-metasediment contact with four drill holes; and
- The interpreted contact between a linear tonalitic intrusion and strongly magnetic lithology with two drill holes.
The first two target areas are part of a much larger prospective corridor covering an area at least 3 to 4 kilometres long by 500 metres wide. This corridor may correspond to a hydrothermally altered system emplaced along the margins of the tonalite intrusion, close to, or at the contact with surrounding metasediments.
The Eleonore South Property is a three-way Joint Venture between Azimut Exploration, Eastmain Resources Ltd (TSX: ER) and Les Mines Opinaca Ltée ("Opinaca"), a wholly-owned subsidiary of Goldcorp Inc. (TSX: G; NYSE: GG). Azimut is the operator on the Property.
This press release was prepared by geologist Jean-Marc Lulin, acting as Azimut's Qualified Person under National Instrument 43-101.
Azimut is a mineral exploration company with its core business centered on target generation and concurrent partnership development. Targets are identified using advanced processing of large geoscientific databases enhanced by extensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec.
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: Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, [email protected], www.azimut-exploration.com