Azimut's airborne survey identifies high-quality targets at Nantais (Au, Ag, Cu, Zn), Nunavik, Northern Quebec
Published : August 27, 2014
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Keywords :   Antimony | Bismuth |

Azimut's airborne survey identifies high-quality targets at Nantais (Au, Ag, Cu, Zn), Nunavik, Northern Quebec


Symbol: AZM.TSX Venture

LONGUEUIL, QC, Aug. 27, 2014 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report excellent results of a helicopter-borne geophysical survey recently completed on the Nantais Property (Au, Ag, Cu, Zn). The newly acquired results, combined with the presence of high-grade polymetallic prospects and strong geochemical anomalies in lake-bottom sediments, lead the Company to consider Nantais as an attractive ready-to-drill district-scale target.

Electromagnetic anomalies totalling 18.4 km of cumulative length over 23 distinct conductors have been identified. This includes a 1.2-km-long conductor coincident with a 3-km-long mineralized corridor previously outlined by Azimut (see press release dated July 3, 2014). The geophysical anomalies also display an excellent correlation with strong property-scale copper and silver-arsenic-antimony-bismuth anomalies in lake-bottom sediments.

The geophysical program consisted of a VTEM plus time-domain electromagnetic survey and a high-resolution magnetic survey totalling 998 linear kilometres, with a line spacing of 200 metres. Geotech Ltd of Aurora, Ontario, has performed the survey and identified the conductor axes, with the results 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.

The best grades reported for rock grab samples from Nantais are presented below (see press releases of April 19 and September 18, 2012):

Gold (g/t)

Silver (g/t)

Copper (%)

Sample #





16.70

19.50

0.32

L253160

26.10

6.28

0.20

L253161

15.15

31.30

0.86

J351726

15.50

4.53

0.10

J351722

9.98

9.26

0.06

J351723

2.21

66.10

0.80

J351728

1.83

41.50

0.45

J351717

 

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, info@azimut-exploration.com, www.azimut-exploration.com

Azimut Exploration Inc.

DEVELOPMENT STAGE
CODE : AZM.V
ISIN : CA3019501012
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Azimut Expl. is an exploration gold and cobalt company based in .

Azimut Expl. develops gold, cobalt and uranium in Canada, and holds various exploration projects in Canada.

Its main asset in development is CENTRAL MINTO in Canada and its main exploration properties are ELEONORE SOUTH, NORTH RAE, WEMINDJI, OPINACA (A, A-EAST, B AND B-NORTH), DANIEL LAKE, OPINACA, REX SOUTH, WABAMISK, SOUTH BIENVILLE, KATIVIC and LAC VOLANT in Canada.

Azimut Expl. is listed in Canada. Its market capitalisation is CA$ 15.9 millions as of today (US$ 12.1 millions, € 10.9 millions).

Its stock quote reached its lowest recent point on December 20, 2002 at CA$ 0.04, and its highest recent level on June 29, 2007 at CA$ 9.42.

Azimut Expl. has 45 460 000 shares outstanding.

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Financings of Azimut Exploration Inc.
3/1/2011announces a $5,200,000 non-brokered private placement
Project news of Azimut Exploration Inc.
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Corporate news of Azimut Exploration Inc.
7/25/2016Azimut closes $2,500,000 private placement
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7/11/2016Azimut announces $2.3 million private placement financing
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3/30/2016Azimut refines highly prospective gold target on the Eleonor...
1/22/2016New results in the Eleonore Camp strengthen the discovery po...
11/25/2015Azimut reports on Hecla Quebec's progress on the Opinaca B g...
10/7/2015Azimut acquires Duquet Property, Nunavik
10/5/2015Azimut: Corporate Update
3/24/2015Azimut grants stock options
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3/19/2015Azimut: Strategic Update
3/19/2015Strategic Update
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9/9/2014Azimut delineates major gold-polymetallic prospective zones ...
8/27/2014Azimut's airborne survey identifies high-quality targets at ...
7/3/2014commences an airborne geophysical survey at Nantais (Au, Ag,...
7/3/2014Azimut commences an airborne geophysical survey at Nantais (...
6/20/2014Azimut announces the closing of a $350,000 private financing
2/20/2014(Wabamisk)partner Goldcorp commences targeting phase on the Wabamisk g...
1/28/2014Strategic Update
11/7/2013(Opinaca)Hecla Mining renews its option on the Opinaca A & B gold pro...
7/30/2013grants stock options
2/14/2013adopts advance notice By-Law
1/17/2013expands its stake in Nunavik, Quebec
1/21/2011Updated Fact Sheet Azimut Exploration
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