Azimut Exploration Inc.

Published : October 05th, 2015

Azimut: Corporate Update

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Keywords :   Debt | Gold | Market |

Azimut: Corporate Update

For immediate release


For immediate release October 5, 2015

Symbol: AZM.TSX Venture


Press Release Azimut: Corporate Update


Longueuil, Quebec - Azimut Exploration Inc. ('Azimut' or 'the Company') (TSXV: AZM) is pleased to provide an update on its activities.


In this difficult commodity market environment faced by the international mining industry, Azimut's objective is to prudently manage its activities while remaining technically committed. The Company maintains a rigorous financial discipline to limit shareholder dilution: Azimut has 37.6 million shares outstanding, no debt and $1.2 million in working capital.


Over the past several months, Azimut has significantly strengthened its country-scale data-processing capabilities with new calculation tools. Systematic innovative processing of large database is at the core of Azimut's exploration activities, and the Company currently pursues related business opportunities in Quebec and abroad.


Azimut's exploration strategy is based on two approaches: generate quality exploration projects using advanced targeting methods, and concurrently develop partnerships for

these targets. Since 2003, this strategy has led to 29 partnership agreements with senior and junior companies, and the discovery of more than 400 new mineralized prospects across Quebec.


The Company holds the largest exploration portfolio in Nunavik, including the flagship Rex (Cu-Au-REE), Rex South (Au-Ag-Te-Cu-W) and Nantais (Au-Ag-Cu-Zn) properties, and a key position in the James Bay region with four gold properties (Éléonore South, Opinaca A, B and D) in the immediate vicinity of the major Éléonore mine operated by Goldcorp.


This press release was prepared by geologist Jean-Marc Lulin acting as Azimut's Qualified Person under National Instrument 43-101.


Contact and information

Jean-Marc Lulin, President and CEO

Tel.: (450) 646-3015 - Fax: (450) 646-3045

[email protected] www.azimut-exploration.com


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.

Read the rest of the article at www.noodls.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, OPINACA (A, A-EAST, B AND B-NORTH), WEMINDJI, OPINACA, DANIEL LAKE, REX SOUTH, WABAMISK, SOUTH BIENVILLE, NORTH SHORE PROJECTS and EASTMAIN EASTMAIN in Canada.

Azimut Expl. is listed in Canada. Its market capitalisation is CA$ 26.8 millions as of today (US$ 21.4 millions, € 18.8 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...
4/21/2016Azimut announces Hecla will commence a $756,000 exploration ...
2/13/2014(Opinaca)announces Hecla Quebec will start a diamond drilling program...
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 ...
7/3/2014commences 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
4/4/2007Silver Spruce sign a Binding Letter of Intent for the Hudson...
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