| Risk and valuation analysis of the Rex South Project |
| Status Risk : Early discovery |
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| Title(s) of the Rex South Project |
 | Azimut Exploration Inc.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Aurizon Mines Ltd
Option on interest: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Aurizon can acquire an initial 50% interest in the property by performing $5.0 million in exploration work over a five (5)-year period, and an additional 15% interest upon delivery of a bankable feasibility study (see press release dated May 26, 2010). Azimut will be the operator during the first twelve (12) months. |
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| Location of the Rex South Project |
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The Rex South property comprises 1,274 claims covering a surface area of 555 square kilometres, about 145 kilometres southeast of the community of Puvirnituq.
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