Symbol: AZM.TSX Venture
LONGUEUIL, QC, Feb. 23 /CNW Telbec/ - Azimut Exploration Inc ("Azimut") (TSXV: AZM) announce that five (5) new major copper and rare earth element (REE)
exploration target areas have been identified on the REX property
following the interpretation of comprehensive lake-bottom sediment
geochemical and airborne geophysical surveys performed on the property
in 2010. Discoveries during the 2010 field program included the RBL Zone and the CM Zone—two multi-kilometre Iron Oxide Copper Gold ("IOCG") mineralized systems—as well as other significant copper-gold
Azimut's management considers that the 100-km-long REX property has a
district-scale footprint for IOCG deposits and considerable potential
for additional discoveries. Azimut intents to further advance the
project in 2011 by undertaking a substantial exploration program,
Salient targeting results are as follows:
The five (5) target areas show strong to very strong geochemical
anomalies in lake-bottom sediments, notably for copper (up to 865 ppm
Cu), rare earth elements (up to 6,710 ppm REE) and cobalt (up to 66 ppm
Co). Anomalous values for gold, arsenic, antimony, molybdenum, uranium
and lead were also present at some targets. The size of the targets
range from 7 to 20 km in length and 3 to 7 km in width. Four (4) of the
target areas overlay regional-scale magnetic boundaries.
In addition, the RBL Zone and the CM Zone (previously the Cipmyluk-Mevanuk Zone) both show excellent potential
for extensions based on their strong magnetic signatures and
geochemical footprints in lake-bottom sediments. The RBL Zone measures
3 km long by 50 to 200 m wide and yielded 101 rock samples grading 0.1% to 11.3% Cu. The CM Zone measures 2.5 km long by 50 to 100 m wide and yielded 41
rock samples grading 0.1% to 4.3% Cu.
About the IOCG deposit type
The IOCG deposit type encompasses a wide spectrum of ore bodies, often
polymetallic and of considerable size, known for their economically
significant production of iron, copper, gold, uranium, silver, cobalt
and/or REE. The best known IOCG example is Olympic Dam in Western
The REX property, owned 100% by Azimut, comprises 4,704 claims covering
2,007 km2. Survey specifications and prospecting results were reported in press
releases dated September 28, October 13, October 20 and December 20,
2010. This press release was prepared by Jean-Marc Lulin, P.Geo.,
acting as Azimut's Qualified Person under NI 43-101.
Azimut is a mineral exploration company using cutting-edge targeting
methodologies with the objective of discovering major ore deposits. The
Company holds the largest mineral exploration portfolio in Quebec,
including key gold, uranium and copper properties.
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:
Contact and information
Jean-Marc Lulin, President and CEO
Tel.: (450) 646-3015 - Fax: (450) 646-3045