Symbol: AZM.TSX Venture
LONGUEUIL, QC, March 19 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
announces that its partners Les Mines Opinaca Ltée ("Mines Opinaca"), a wholly
owned subsidiary of Goldcorp Inc., and Everton Resources Inc. ("Everton") have
commenced 2 diamond drilling programs totalling 5,250 m on the Eleonore South
and Opinaca A gold properties in the James Bay region of Quebec.
Mines Opinaca started a 3,250 m drilling program on the Eleonore South
property that will test a number of high-priority targets, including the
JT target area. Recently, Azimut announced that Mines Opinaca exercised its
right to increase its interest by 6.67% to a total of 40% in the Eleonore
South joint venture (press release dated February 26, 2008). The Eleonore
South property is a three-way joint venture between Mines Opinaca, Eastmain
Resources Inc. and Azimut.
Everton started a 2,000 m drilling program on the Opinaca A property that
will focus on three main target areas (Smiley, Charles and the new Lola target
area). The program is designed to test airborne electromagnetic conductors,
induced polarization anomalies and geochemical anomalies. Everton has the
option to earn from Azimut a 50% interest on the Opinaca A property, and may
earn an additional 15% interest upon the delivery of a bankable feasibility
study. Everton is the project operator.
Both the Eleonore South and Opinaca A properties are contiguous to the
Eleonore property, which hosts the Roberto gold deposit currently under
development by Mines Opinaca.
Azimut also reports it has recently staked 694 additional claims for gold
in the James Bay region. Azimut holds 13 gold exploration properties in this
region for a total of 5,015 claims (2,532 km2). Five of the properties are
under partnership agreements (Eleonore South, Opinaca A, Opinaca B, Opinaca D
and Wabamisk). All 13 properties were acquired based on the results of a
regional scale gold potential assessment conducted by Azimut in 2003 and,
since then, regularly updated.
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 does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Jean-Marc Lulin, President and Chief Executive
Officer; Normand Champigny, Executive Vice President, (450) 646-3015, Fax:
(450) 646-3045, firstname.lastname@example.org, www.azimut-exploration.com