Symbol: AZM.TSX Venture
LONGUEUIL, QC, April 19, 2012 /CNW Telbec/ - Azimut Exploration Inc ("Azimut") (TSXV: AZM) reports encouraging gold results from the late summer 2011 prospecting program on its 100%-owned Nantais property in Nunavik, northern Quebec. The project is located about 80 km south of Xstrata's world-class Raglan nickel mine and 115 km southwest of the Inuit village of Kangiqsujuaq. A follow-up program is being planned for this summer to further assess the property's potential.
Highlights of the 2011 prospecting program include Azimut's discovery of two new gold prospects (16.7 g/t Au from an outcrop and 26.1 g/t Au from a near-source boulder). Note that grab samples are selective by nature and unlikely to represent average grades on the property. Twenty-four (24) grab samples were collected, generally from outcrops. Significant results are presented below.
|Sample #||Gold (g/t)||Silver (g/t)||Copper (%)||Zinc (%)|
Historical results on the property include the following assays:
|Nantais-1:||4.7 g/t Au, 5.2 g/t Ag, and 0.11% Cu (grab sample)|
|Nantais-2:||7.9 g/t Au and 7.2 g/t Ag (grab)|
|15.9 g/t Au, 7.5 g/t Ag, and 0.14 % Cu over 0.2 m (channel sample)|
|8.0 g/t Au, and 0.15% Cu over 0.6 m (channel sample)|
|Cabane:||0.47 g/t Au, 1,600 g/t Ag, 0.15% Sb, 0.12 % Cu, 2.48% Zn, and 7.00% Pb (grab)|
The Nantais property comprises 211 contiguous claims covering an area of 88 km2. To date, mineralization has been recognized along a 2.5-km-long prospective trend, open in all directions. The prospects are hosted within a north-trending unit of mafic volcanic rocks belonging to the Nantais Complex in the Minto Subprovince, a geological division of the Archean Superior Province.
Rock samples were assayed by ALS Chemex in Val-d'Or, Quebec. This press release was prepared by geologist Jean-Marc Lulin, a Qualified Person under NI 43-101.
Azimut is a mineral exploration company with the objective of discovering major ore deposits. The Company's core business is project generation using cutting-edge targeting methodologies, along with partnership development. Azimut holds the largest mineral exploration portfolio in Quebec, including key gold, copper, uranium and rare earth element 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
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