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Keywords :   Antimony | Goldcorp | Silica | Total | X-ore |

 

Azimut's partner Goldcorp to drill at Wabamisk, James Bay region

 


 


 

 

 

 

 

 

 

Azimut Exploration Inc. ("Azimut")reports that its partner Goldcorp Inc. ("Goldcorp") will start a 2,800-metre

 

diamond drilling program in early February to test several quality gold

 

targets on the Wabamisk property in the James Bay region, Quebec. Wabamisk is

 

located 70 km south of Goldcorp's Eleonore property that hosts the Roberto

 

gold deposit. Azimut considers that the Wabamisk property shares several

 

characteristics with Eleonore, particularly the presence of gold-enriched

 

altered metasedimentary rocks occurring in the vicinity of the contact between

 

the La Grande and Opinaca geological subprovinces.

 

    The minimum 12-hole drilling program is designed to test induced polarity

 

(IP) anomalies that are generally coincident with anomalous gold values in

 

rocks and gold-arsenic-antimony values in soil, and are also in close

 

proximity to a major northeast-trending lineament.

 

    This work phase follows a six-week field program in 2008 that consisted

 

of line cutting (124 line-km), IP geophysical surveying (103 line-km),

 

prospecting, geological mapping and rock sampling (555 grab and channel

 

samples). In addition to drilling, trenching (1,500 m) and another IP survey

 

(100 line-km) will be performed. The total estimated cost of the work that

 

will be carried out, including drilling, is estimated at $1.1 million.

 

    Sampling results included 2 samples with values higher than 1.0 g/t Au

 

(2.4 and 2.1 g/t Au), 6 samples with values between 0.5 and 1.0 g/t Au, and 17

 

samples with values between 0.1 and 0.5 g/t Au. High copper values (more than

 

1.0% Cu) were also obtained in two samples, as well as elevated silver values

 

(more than 100 g/t Ag) in two samples. The anomalous gold values were

 

identified in metasedimentary rocks or near the contact between

 

metasedimentary and volcanic rocks. Arsenopyrite, tourmaline and silica are

 

frequently associated with the gold mineralization.

 

    The Wabamisk property consists of 755 claims totalling 400 km2. Goldcorp

 

has the option to earn a 51% interest on the property and an additional 19%

 

interest upon the delivery of a bankable feasibility study. Goldcorp is the

 

project operator. The ground IP survey was performed by Geosig Inc. of Quebec

 

City using the following configuration: time domain, dipole-dipole, a=50 m,

 

n=1 to 6. Rock samples were assayed by ALS Chemex of Val d'Or, Quebec, using

 

an ICP method.

 

 

 

    This press release was prepared by geologist Jean-Marc Lulin acting as

 

Azimut's Qualified Person under NI 43-101. Azimut is a mineral exploration

 

company using a proprietary targeting methodology combined with considerable

 

exploration know-how to discover major ore deposits.

 

 

 

    The TSX Venture Exchange does not accept responsibility for the adequacy

 

    or accuracy of this release.

 

    %SEDAR: 00003284EF

 

 

 

For further information: Jean-Marc Lulin, President and Chief Executive

 

Officer; Normand Champigny, Executive Vice President, Tel.: (450) 646-3015,

 

Fax: (450) 646-3045, info@azimut-exploration.com, www.azimut-exploration.com

 


 

 

 

 

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Azimut Exploration Inc.

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Financings of Azimut Exploration Inc.
3/1/2011announces a $5,200,000 non-brokered private placement
Option Grants of Azimut Exploration Inc.
1/17/2011Azimut Expl. grants 450.000 stock options to directors and o...
Project news of Azimut Exploration Inc.
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...
1/12/2011(Rex South)partner Aurizon accelerates exploration at Rex South (Gold-S...
1/2/2011(Wabamisk)Azimut's partner Goldcorp to drill at Wabamisk, James Bay re...
12/20/2010(Rex South)reports major progress in Nunavik
9/16/2010(Opinaca), Aurizon and Everton sign a Letter of Intent for the Opinac...
7/7/2010(Rex South)and Aurizon begin $1.5-million exploration program at the Re...
6/1/2010(Eleonore South)$1.6 million drilling program at Eleonore South in 2010
5/26/2010(Rex South)and Aurizon sign a Letter of Intent for the Rex South Proper...
Corporate news of Azimut Exploration Inc.
2/14/2013adopts advance notice By-Law
1/17/2013expands its stake in Nunavik, Quebec
1/21/2011Updated Fact Sheet Azimut Exploration
11/23/2010conversion of debentures into shares by two directors
10/7/2010and Aurizon complete comprehensive work program at Rex South...
9/28/2010completes comprehensive work program at REX, Nunavik, Quebec
4/4/2007Silver Spruce sign a Binding Letter of Intent for the Hudson...
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TSX-V (AZM.V)
0.240+0.00%
TSX-V
CA$ 0.240
05/21 09:30 -
0%
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5,000 26.32%
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