| Azimut and Partners announce High-Grade Gold Surface Discovery at Eleonore South, James Bay region, Quebec | |
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Symbol: AZM.TSX Venture LONGUEUIL, QC , Oct. 17, 2017 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the discovery of a high-grade gold-bearing vein system on the Eleonore South JV Property in the James Bay region of Quebec . Channel composite samples assayed up to 79.6 g/t Au over 4.25 m and 79.5 g/t Au over 5.87 m. The ongoing exploration program includes 18 recently completed drill holes (results pending); additional drilling is scheduled for January 2018 . This new gold discovery confirms the highly prospective environment at Eleonore South. The discovery area is located 15 kilometres from the major Eleonore gold mine, owned and operated by Goldcorp Inc (see attached figures 1 and 2). View original content with multimedia: http://www.newswire.ca/en/releases/archive/October2017/17/c5720.html |
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DEVELOPMENT STAGE |
CODE : AZM.V |
ISIN : CA3019501012 |
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Azimut Expl. is a gold and cobalt exploration 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$ 33.2 millions as of today (US$ 26.5 millions, € 23.2 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. |