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Azimut
Exploration Inc ("Azimut")
(TSXV: AZM) announces the improved definition of four (4) major copper
and gold exploration target areas on the Rex
South
property following the interpretation of property-wide lake-bottom sediment
geochemical and airborne geophysical surveys performed in 2010.
The
most significant target area, represented by the Augossan
and Le Breuil trends, displays a strong
district-scale polymetallic footprint. It will be
investigated during a comprehensive program in 2011, including 7,000 m of
drilling.
Salient
results for the property are as follows:
The
Augossan Trend and Le Breuil
Trend form a single 5 x 15 km ovoid-shaped target area characterized by
strong geochemical anomalies in lake-bottom sediments, notably for copper (up
to 587 ppm Cu) and rare earth elements (up to 3,768
ppm REE), as well as superimposed anomalies of
molybdenum, tungsten, gold, barium, zinc and lead.
Within
this highly anomalous geochemical context, the main
gold-silver-copper-tungsten mineralized zones—including the 6-km Augossan Zone and the 1.4-km Anorthosite
1&2 Zone—are associated with extensive magnetic
anomalies. These anomalies have a combined length of about 28 km and represent
considerable exploration potential.
The
Larissa Trend
is a 16-km-long target area marked by strong lake-bottom geochemical
anomalies, notably for copper (up to 841 ppm Cu),
molybdenum (up to 159 ppm Mo), cobalt (up to 110 ppm Co) and rare earth elements (up to 1,667 ppm REE). Field work revealed several copper (up to 2.13
% Cu) and molybdenum prospects (up to 0.12 % Mo) along this trend.
Two
other quality multi-kilometre target areas were
identified elsewhere on the property, one for gold and the other for
copper-cobalt-gold-tungsten.
The
Rex South property comprises
1,822 claims covering 794 km2. Survey specifications and
prospecting results were reported in the press releases of October 7 and November
8, 2010,
and January 12 and February 15, 2011. Azimut's
partner Aurizon Mines Ltd recently announced its
intent to accelerate the 2011 work program with a $4.1
million
budget.
This
press release was prepared by Jean-Marc Lulin, P.Geo.,
acting as Azimut's Qualified Person under NI
43-101. Azimut is a mineral exploration company
using cutting-edge targeting methodologies with the objective of discovering
major ore deposits. The Company holds the largest mineral exploration
portfolio in Quebec, including key gold,
uranium and copper properties.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange
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