Azimut Exploration Inc.

Published : July 03rd, 2014

Azimut commences an airborne geophysical survey at Nantais (Au, Ag, Cu, Zn), Nunavik, Northern Quebec

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Azimut commences an airborne geophysical survey at Nantais (Au, Ag, Cu, Zn), Nunavik, Northern Quebec

Symbol: AZM.TSX Venture

LONGUEUIL, QC , July 3, 2014 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the start of a helicopter-borne geophysical survey on the Nantais Property (Au, Ag, Cu, Zn). The property covers an under-explored 20-km-long greenstone belt where Azimut had previously reported the discovery of a 3-km-long mineralized corridor, open in all directions. Azimut holds the largest exploration portfolio in Nunavik and is one of the leading mineral exploration companies in this region.

The work will consist of a VTEM plus time-domain electromagnetic survey and high-resolution magnetic survey totalling 750 linear kilometres, with a line spacing of 200 metres. The survey will be performed by Geotech Ltd of Aurora, Ontario . The objective is to advance the project to the drilling stage by delineating high-quality conductors superimposed on, or on strike with, known mineralized prospects and structures.

The Nantais Property comprises 383 claims with a surface area of 101 km2. Mineralization is hosted within a steeply dipping, north-trending unit of mafic and felsic volcanic rocks belonging to the Nantais Complex of the Minto Block, a geological division of the Archean Superior Province. The property 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

In addition to Nantais, main Azimut's properties in Nunavik are:

  • Rex (Cu, Au, REE) and Rex South (Cu, Au, Ag, W, Sn). These properties are part of the Rex Trend, an emerging 330-km-long polymetallic mineral province controlled by Azimut. The region hosts intrusion-related polymetallic mineralization and Iron Oxide Copper Gold ("IOCG") systems. A strong 100-km-long rare earth anomaly in lake-bottom sediments may be related to undiscovered IOCG zones or carbonatites. The next step in assessing the Rex Trend will be to drill several already identified multi-kilometre-long targets (RBL, CM, Copperton, Jemima and Augossan).

  • Qassituq (Platinum-palladium). Located 140 km west from the Raglan mine, this property is a quality, drill-ready, regional PGE target related to an extensive ultramafic layered intrusion.

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'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 $2.2 million in working capital.

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. 

SOURCE Azimut Exploration Inc.

Read the rest of the article at finance.yahoo.com

Azimut Exploration Inc.

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$ 26.4 millions as of today (US$ 21.1 millions, € 18.5 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.
6/16/2016Azimut and its partners launch a $2 million exploration prog...
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2/22/2011(Rex South)Azimut further defines major Copper and Gold exploration tar...
2/22/2011(Rex South)further defines major Copper and Gold exploration targets at...
7/7/2010(Rex South)and Aurizon begin $1.5-million exploration program at the Re...
Corporate news of Azimut Exploration Inc.
7/25/2016Azimut closes $2,500,000 private placement
7/13/2016Azimut $2.3 million private placement financing oversubscrib...
7/11/2016Azimut announces $2.3 million private placement financing
6/7/2016Azimut: Extension of Expiry Date of Warrants
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
3/24/2015grants stock options
3/19/2015Azimut: Strategic Update
3/19/2015Strategic Update
9/29/2014Azimut's airborne survey expands gold-polymetallic target at...
9/9/2014Azimut delineates major gold-polymetallic prospective zones ...
8/27/2014Azimut's airborne survey identifies high-quality targets at ...
7/3/2014Azimut commences an airborne geophysical survey at Nantais (...
7/3/2014commences an airborne geophysical survey at Nantais (Au, Ag,...
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
4/4/2007Silver Spruce sign a Binding Letter of Intent for the Hudson...
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