Symbol: AZM.TSX Venture
LONGUEUIL, QC, Sept.29, 2014 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV : AZM) is pleased to report that its recent helicopter-borne geophysical survey completed on the Nantais Property (see press release of August 27, 2014) may significantly expand the gold-polymetallic mineralized corridor previously recognized on the property.
The mineralized corridor, 3 km long by 200 m wide, appears to be roughly coincident with a larger group of electromagnetic anomalies now defining a much wider prospective envelope up to 900 m wide (see figure appended). In addition, this prospective corridor may extend further north with another group of electromagnetic anomalies to define a target zone 4 km long by 800 m wide. Prospecting work in preparation for a core drilling program is planned for the property.
Geotech Ltd of Aurora, Ontario, performed a VTEM-Plus time-domain electromagnetic survey and a high-resolution magnetic survey to identify the conductor axes. The results were further interpreted by Jeremy S. Brett, senior geophysical consultant for MPH Consulting Limited of Toronto, Ontario.
The Nantais Property covers an under-explored, 20-km-long Archean greenstone belt entirely controlled by Azimut. The project comprises 383 claims with a surface area of 160.5 km2. It is located about 80 km south of Glencore's world-class Raglan nickel-PGE mine and 115 km southwest of the Inuit village of Kangiqsujuaq.
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 the objective of discovering major ore deposits. The Company holds the largest exploration portfolio in Nunavik. Azimut's core business is project generation using cutting-edge targeting methodologies, along with partnership development. Azimut has 37.6 million shares issued, of which 48% are held by insiders and institutional shareholders. The Company has no debt and $2.0 million in working capital.
SOURCE: Azimut Exploration Inc.
For further information: Jean-Marc Lulin, President and Chief Executive Officer, Tel.: (450) 646-3015 - Fax: (450) 646-3045, [email protected], www.azimut-exploration.com