Azimut Exploration Inc.

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Azimut Exploration Inc. is a publicly traded Canadian mineral exploration company specializing in project generation supported by substantial exploration expertise. The Company generates targets based on the advanced processing of large geoscientific databases (the "Big Data" approach).

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Azimut Exploration Inc.

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Azimut Exploration Inc. is a publicly traded Canadian mineral exploration company specializing in project generation ......

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8020 Admin

2 hours ago

8020 Admin posted a press release Azimut Closes $6.0 million Private Placement Financing in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Feb. 26, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) announces the closing of a non-brokered private placement of an amount of $6,000,000. The placement consists of 2,448,980 flow-through shares at a price of $2.45 per share.


Proceeds from the financing will be used by Azimut to incur eligible Canadian exploration expenses with a focus on its 100%-owned Elmer Gold Property. Azimut has recently announced substantial drilling results on this property (see press release of January 14, 2020). The financing is being supported by one strategic investor.


No commissions or finder's fees have been paid in respect of the financing.


The securities issued under this financing will be subject to a hold period of four months from the closing date. The terms of the placement are subject to acceptance by the TSX Venture Exchange.


About Azimut Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 63.9 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


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.


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2020/26/c7652.html

Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.com 

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8020 Admin

8 days ago

8020 Admin posted a press release Azimut Announces $6.0 million Private Placement Financing in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Feb. 19, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) announces a non-brokered private placement of an amount of $6,000,000 of flow-through shares (the "FT Shares") at a price of $2.45 per FT Share.


Proceeds from the financing will be used by Azimut to incur eligible Canadian exploration expenses with a focus on its 100%-owned Elmer Gold Property. Azimut has recently announced substantial drilling results on this property (see press release of January 14, 2020). The FT Shares financing is being supported by one strategic investor.


No commissions or finder's fees will be paid in respect of the financing.


The securities issued under this financing will be subject to a hold period of four months from the closing date. The terms of the placement are subject to acceptance by the TSX Venture Exchange.


About Azimut Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 60.6 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


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.


View original content: http://www.newswire.ca/en/releases/archive/February2020/19/c4312.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.com , www.azimut-exploration.com 

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8020 Admin

29 days ago

8020 Admin posted a press release Azimut provides an Updated Corporate Presentation in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, Jan. 29, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to provide an updated corporate presentation for its key properties in Quebec on the Company website. This document can be downloaded using the following link:


http://www.azimut-exploration.com/en/presentations/2020_AZM_Corporate_Presentation_January_29_FINAL-p.pdf


The document provides additional information on the Elmer Gold Discovery, as well as a summary of three other key properties (Pikwa, Rex and Rex South) (see press releases of January 7 and 14, 2020). All these properties will be drilled in 2020.


This press release and the corporate presentation were prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 58.7 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


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.


View original content: http://www.newswire.ca/en/releases/archive/January2020/29/c8318.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.com , www.azimut-exploration.com 

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8020 Admin

1 month ago

8020 Admin posted a press release Azimut drills 3.15 g/t Au over 102.0 m including 10.1 g/t Au over 20.5 m at the Patwon Prospect, Elmer Gold Property, James Bay Region, Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Jan. 14, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the discovery of substantial gold mineralization in multiple drill hole intersections, including frequent high-grade intervals, in all seven (7) holes of its maiden diamond drilling program on the 100% owned Elmer Property (the "Property") in the James Bay region of Quebec. Significant additional drilling will be required to define the true width and extent of this discovery. The Patwon Prospect is part of a larger 7-kilometre-long high-potential target zone on the Property (see Figures 1 to 3). A ground geophysics survey (induced polarization) is currently underway over the discovery area and its vicinity to prepare for a more comprehensive upcoming drilling program.


The results from this initial phase of drilling indicates that gold-bearing mineralization occurs in three different orientations: 1) along an extensive set of veins oblique to the schistosity; 2) parallel to the schistosity; and 3) as flat-lying veins. Drill holes were oriented to intersect the three types of veins.


Azimut's management considers these results to be among the most significant gold exploration results in the James Bay region since the 2004 discovery of the Éléonore deposit by Virginia Gold Mines. The Éléonore mine is currently owned and operated by Newmont.


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AZM%3ACA&qmodStoryID=8122840598771498 

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8020 Admin

2 months ago

8020 Admin posted a press release Azimut appoints Mathieu Landry as Vice-President Technology and Business Development in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Jan. 9, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is very pleased to announce the appointment of Mr. Mathieu Landry as Vice-President Technology and Business Development of the Company. Mr. Landry will strengthen the Company's leading role in the field of predictive analysis applied to mineral exploration and will develop new partnership opportunities.


Mathieu Landry is a senior mining professional with more than 16 years of experience, mostly with Glencore (previously Xstrata, Falconbridge). Mr. Landry has broad technical and management expertise as a geophysicist and geoscientist, including a senior position in advanced analytics techniques and digital transformation for a major mining operation.


Previous assignments include the positions of Superintendent Technology and Business Intelligence (2018-2019), Principal Geoscientist (2016-2018) and Senior Project Manager – Geophysics (2010-2016) at Raglan Mine (Glencore) in Nunavik, Northern Quebec. In these capacities, he was involved in significant brownfield discoveries and the subsequent development of nickel-copper-PGE deposits.


Mr. Landry holds a BSc. in geology from Carleton University in Ottawa (2003). Azimut has granted a total of 150,000 stock options to Mr. Landry with an exercise price of $0.50 per share, exercisable during a 10-year period.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 58.5 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


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.


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/January2020/09/c5075.html

Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.com 

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8020 Admin

2 months ago

8020 Admin posted a press release Azimut further Proves the AZtechMine(TM) Expert System as an Efficient Discovery Tool for Mineral Exploration in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Jan. 7, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) wishes to highlight the central role of its proprietary AZtechMineTM expert system in the Company's ability to identify high potential targets and make subsequent discoveries. Azimut holds the largest mineral exploration portfolio in Quebec (see Figure 1) and all these properties have been identified using the AZtechMineTM methodology.


Numerical approaches, including artificial intelligence, are a new paradigm for mineral exploration. Since 2003, Azimut has applied predictive modelling to mineral exploration. The results from 2019 for four (4) key properties (see below) further emphasize the strong link between Azimut's predictive methodology and practical field achievements through sizeable discoveries. These most recent results demonstrate again that AZtechMineTM is a fully operational and efficient discovery tool.


In 2020, Azimut will advance these four properties through substantial programs that include diamond drilling. All press releases mentioned as references in this communication are available in the News section of the Company's website at www.azimut-exploration.com.


James Bay Progress (see Figures 2 to 5)


Since 2003, Azimut has performed six mineral potential modelling in the James Bay region, five for gold and one for copper (press release of July 8, 2019). The last gold modelling covered a 176,300 km2 surface area and led to a regional-scale strategic alliance with SOQUEM (press release of September 26, 2016).


The key progress achieved in 2019 is summarized below.


Elmer and Duxbury Gold Properties (100% Azimut)



  • These two adjacent properties provide a controlling position over a 35-kilometre strike length along the Lower Eastmain greenstone belt of Archean age. Azimut believes this highly prospective region is underexplored.

  • The Patwon Prospect, a priority target, is part of a larger 7-kilometre-long high-grade trend.

  • Prospecting and channel sampling over Patwon delineated a 150 m by 50 m area with encouraging surface results, including:


    • 9.52 g/t Au over 7.1 m Channel Elm-11

    • 36.3 g/t Au over 2.0 m Channel Elm-10

    • 9.56 g/t Au over 5.36 m Channel Elm-40, 44, 44'

    • 3.36 g/t Au over 10.32 m Channel Elm-33, 33'

    • 1.1 g/t Au over 18.03 m Channel Elm-42, 43


  • The results of a maiden 7-hole diamond drill program (996 m) are pending. All holes encountered mineralization, including native gold grains in each hole.

  • See the 2019 press releases of July 16, September 19, October 22 and November 28 for further details.


Pikwa Copper-Gold Property (SOQUEM / Azimut Option)



  • This property is 40 kilometres long by 17 kilometres wide and provides a controlling position over a major polymetallic target marked by a regional arsenic-bismuth-copper (As-Bi-Cu) footprint in lake-bottom sediments ("LBS") and a 20-kilometre-long magnetic high. It is located in the Archean La Grande Subprovince.

  • Field work in 2019 focused on the Copperfield Trend, a 20-kilometre-long copper-gold target comprising East and West segments, each 10 kilometres long.

  • Copperfield East includes a 5.5-kilometre long by a 500-metre-wide target area defined by the spatial association of a strong detailed LBS anomaly (Cu-Mo-Ag-Bi-W) and a strong copper-in-soil anomaly.

  • A mineralized boulder field of mostly angular to slightly rounded boulders is present along the long axis of the soil anomaly. The best grades from 141 sampled boulders were 20.1% Cu, 2.99 g/t Au, 58 g/t Ag and 0.246% Mo.

  • Several high-grade mineralized outcrops within the soil anomaly yielded grades up to 9.81% Cu, 13.45 g/t Au and 37.6 g/t Ag.

  • Two strong VTEM conductors on strike with the soil anomaly represent attractive targets for sulphide mineralization.

  • Copperfield West displays strong copper LBS anomalies and the same magnetic pattern as Copperfield East (linear magnetic high) but has been so far subject to limited exploration work.

  • See the 2019 press releases of March 20, April 15, July 22, October 16, October 23 and December 3 for further details.


Nunavik Progress (see Figures 6 to 11)


In 2009, Azimut acquired a strategic land position over a vast underexplored region of Northern Quebec (the "Rex Trend") through its Rex and Rex South properties. The projects were staked following the Company's copper-gold predictive modelling over a 1,247,900 km2 surface area. Azimut's subsequent province-wide ranking update in 2015 used new in-house calculation tools (press release of November 19, 2015).


The Rex Trend is defined as a strong 300-kilometre-long copper anomaly in LBS coupled with a strong 100-kilometre-long rare earth anomaly (press releases of March 31 and July 22, 2011). Azimut considers the Rex Trend to be a new mineral province related to a deep-seated structural corridor with the potential to host large-scale deposits, which may include the following mineral deposits types: iron oxide copper-gold ("IOCG") deposits, reduced intrusion-related gold-polymetallic systems, copper-gold mineralization in shear zones, and volcanogenic massive sulphides.


In 2019, Azimut and SOQUEM announced the conclusion of a second strategic alliance covering the Rex, Rex South and Nantais properties (press releases of February 25, May 15 and September 4, 2019).


Rex Property (Azimut / SOQUEM Option)



  • Field work in 2019 led to the discovery of multiple mineralized zones, further establishing Rex as a district-scale polymetallic project for gold, copper, silver, tellurium, molybdenum and tungsten.

  • Two major mineralized zones have been identified:


    • The Mousquetaires Zone, recognized over a 1,050-metre-long by 80-metre-wide area, is a copper-bearing brittle fault returning grades of up to 13.65% Cu, 0.12% Mo and 25.9 g/t Te. This zone may represent the strike extension of the 3-kilometre-long fault-controlled copper-bearing RBL Zone, which returned grades of up to 11.6% Cu in grab samples.

    • The Subtle Zone, recognized over a 500-metre-long by 150-metre-wide area, is a shear-hosted high-grade gold system with silver and zinc, returning grades of up to 141 g/t Au, 915 g/t Ag and 7.87% Zn, as well as a previous result of 580 g/t Au in 2010. This zone appears on strike with a group of 10 prospects further south on the Property that returned up to 133.5 g/t Au, 851 g/t Ag, 9.09% Zn, >500 g/t Te, 1.6% Cu and 0.87% W.


  • See the 2019 press release of November 6 for further details.


Rex South Property (Azimut / SOQUEM Option)



  • The Property hosts at least 11 mineralized zones with kilometre-scale extensions, most positioned around or near a 15 kilometre by 5 kilometre ovoid granitic intrusion known as the Qalluviartuuq Intrusive Complex. Rex South is a district-scale exploration property with strong potential for copper, gold and other associated commodities (silver, tellurium, molybdenum, tungsten and tin).

  • The summer field campaign led to the discovery of a new copper-bearing mineralized zone (Boreal Zone) and the extension of previously recognized mineralized zones at Copperton, Dragon and Lebreuil:


    • The Boreal Zone is a hydrothermal breccia identified over an area 300 metres long by 10 metres wide with copper grades of up to 3.07% Cu in grab samples.

    • The Copperton Zone, recognized over a strike length of 3.5 kilometres and a width of 20 to 100 metres, corresponds to disseminated to semi-massive chalcopyrite and pyrite. The best grades from the latest prospecting program were 5.0 g/t Au, 1.75% Cu and 4.83 g/t Au, 1.5% Cu in grab samples.

    • The Dragon Zone is approximately 450 metres long by 90 metres wide and appears spatially correlated with a magnetic high. Mineralization is mainly chalcopyrite, and the best results from grab samples were 4.05% Cu, 0.6% Mo and 2.78% Cu, 0.13% Mo.

    • The Lebreuil Zone is about 2 kilometres long, and the best grades from grab samples were 3.67% Cu, 11.2 g/t Au and 48.5 g/t Te.


  • See the 2019 press release of November 25 for further details.


Grab samples are selective by nature and unlikely to represent average grades. Rock samples were sent to ALS Minerals in Val-d'Or, Quebec, where they were assayed for a 48-element suite using an ICP method. Gold was analyzed by fire assay with atomic absorption finish, and samples exceeding 3.0 g/t Au were reassayed with a gravimetric finish. Azimut applied industry-standard QA/QC procedures.


About the AZtechMineTM Expert System


AZtechMine links mineral databases to numerical geoscientific parameters (geochemistry, magnetism, gravity, radioactivity, etc.) acquired at the regional and country scales to identify targets with high discovery probabilities. The methodology is not limited to any specific geographic area and can be applied wherever the right database exists. The key principles are as follows:



  • AZtechMine is based on the assumption that large near-surface deposits generate distinct and statistically recognizable multiparameter footprints.

  • An innovative statistical approach extracts the footprints for each selected mineral deposit type or commodity. Results are then ranked by relative discovery probability.

  • The resulting maps pinpoint the footprints of known deposits and reveal comparable footprints in poorly explored areas that may then become targets.

  • Compared to other predictive approaches (weight of evidence, neural network, machine learning), AZtechMine is a data-driven white box expert system that relies exclusively on measured numerical data collected on regular grids, without any weighting or interpretative bias.


This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. The Company's edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects.


Azimut maintains rigorous financial discipline and has 58.5 million shares outstanding. Azimut's tight share structure is a key asset for value creation. Since its founding in 1986, there have been no share consolidations.


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.


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/January2020/07/c7227.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.com 

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8020 Admin

2 months ago

8020 Admin posted a press release Azimut closes a $785,000 Flow-Through Private Placement Financing in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Dec. 19, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the closing of a non-brokered private placement of $785,000 consisting of the issuance of 1,189,365 flow-through common shares at a price of $0.66 per share.


The placement has been conducted with accredited investors as well as with directors and officers of Azimut. The insider participation is $80,071 and participation of a close business associate is $66,000.


The securities issued under this financing will be subject to a hold period of four months and one day expiring on April 19, 2020. At the closing of the placement, Azimut had 58,575,726 common shares issued and outstanding.


Proceeds from this placement will be used by Azimut to incur eligible Quebec exploration expenses for programs on its mineral properties.


The private placement is subject to the final approval of the TSX Venture Exchange. Finders fees totalling $21,697 have been paid to third parties dealing at arm's length with Azimut.


Other information


Azimut's board of directors is pleased to announce the creation of a Governance and Compensation Committee to ensure that the Company follows best practices and trends for a rigorous and effective governance. The newly formed committee is presided by Dr. Jacques Simoneau, with Mrs. Angelina Mehta and Mr. Michel Brunet as members. Note that the Audit Committee is presided by Mr. Jean-Charles Potvin and its members are Drs. Jean-Marc Lulin and Jacques Simoneau.


Azimut announces that it has increased by 2,068,000 the number of common shares reserved for future issuance under its stock option plan for a total of 5,857,000, or approximately 9.99 % of the 58,575,726 common shares issued and outstanding of the Corporation as of December 18, 2019. All other terms of the stock option plan remain unchanged.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 58.5 million shares outstanding. Azimut's tight share structure is a key asset for value creation. Since its founding in 1986, there have been no share consolidations.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects.


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.


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/December2019/19/c3639.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.com 

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8020 Admin

3 months ago

8020 Admin posted a press release Azimut and SOQUEM confirm the Copperfield Trend as a Major Copper-Gold Target on the Pikwa Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.

Mineralized Outcrops and Boulder Field with Grades Up to 20.1% Cu and 13.4 g/t Au along a 5.5 km by 0.5 km Corridor

LONGUEUIL, QC, Dec. 9, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the full results from the 2019 exploration program on the 20-kilometre-long Copperfield Trend identified on the Pikwa Property (the "Property") in the James Bay region of Quebec (see Figures 1 to 5).


The encouraging results from 2019 include the discovery of high-grade mineralized outcrops and proximal boulders (up to 20.1% Cu and up to 13.45 g/t Au) that correlates with a 5.5-kilometre-long copper soil anomaly. These results warrant a substantial follow-up program that will comprise ground geophysics (induced polarization) and a maiden diamond drilling program in early 2020.


The Property is part of the James Bay Strategic Alliance (the "Alliance") between Azimut and SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec. Major developments of the Alliance were disclosed in the Company's press release of May 15, 2019. Azimut is the operator of the Alliance.


The Property was acquired in 2016 following systematic gold predictive modelling over the James Bay region (176,300 km2 surface area) using the Company's AZtechMineTM expert system.


New Prospecting Results


In addition to the results already disclosed in the press releases dated October 16 and October 23, 2019, a final batch of 169 grab samples yielded excellent results from the Copperfield Trend. The best 30 samples from this batch returned the following grades from outcrops (o) and boulders (b):


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=7512134456686724 

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8020 Admin

3 months ago

8020 Admin posted a press release Azimut and SOQUEM Enhance the Nantais Property (Gold-Silver-Copper-Zinc) in Nunavik, Northern Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Dec. 3, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the results from its 2019 exploration program on the Nantais Property (the "Property") under the Azimut–SOQUEM Strategic Alliance in the Nunavik region (the "Alliance") (Figure 1). The $4 million program, funded by SOQUEM, also covered the Rex and Rex South properties (see press releases of November 6 and November 25, 2019).


The upcoming 2020 exploration program, funded with an additional $4 million Alliance budget, will assess the best targets by diamond drilling and prospecting. Azimut is the operator of the Alliance.


The highlights of the field program are described below (see Figures 2 to 4):




    • Discovery of a 1.6-km-long gold-bearing area with grades up to 6.91 g/t Au, 16.4 g/t Ag and 0.22% Cu (sample Y90610), spatially associated with a 1.1-km-long electromagnetic conductor; grab samples collected in this area, mostly from angular boulders, are composed of sheared mafic volcanics with quartz veins and pyrite;

    • Improved definition, through infill prospecting, of a previously recognized polymetallic corridor, 3.1 km long by up to 500 m wide, in the central part of the Property (see press releases of April 19, 2012 and September 18, 2012). The most significant new grab sample results are presented below from north to south:



Read more here: https://quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=8988985794964942 

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8020 Admin

3 months ago

8020 Admin posted a press release Azimut Drills the Patwon Gold Prospect, Elmer Property, James Bay Region, Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Nov. 28, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that a diamond drilling program is in progress on the Company's wholly-owned Elmer Property (the "Property") in the James Bay region of Quebec. This initial 1,000-metre campaign (6 holes) is designed to test the geometric continuity of the high-grade Patwon Prospect (see Figures 1 to 4).


The first four holes completed to date display mineralization, including native gold grains in each hole. Analytical results are expected early next year. Ground geophysics (Induced Polarization) and an additional drilling phase are planned for early 2020 in a high-priority target area measuring 2.1 km by 0.7 km that includes Patwon.


The Patwon Prospect, which was initially sampled by Azimut in October 2018 following the acquisition of the Elmer Property by map designation (see press releases of September 13, 2018 and November 20, 2018), has delivered substantial surface gold results since June 2019, including:


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=6477559874405681 

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Azimut Exploration Inc.

lockPrivate Group

Azimut Exploration Inc. is a publicly traded Canadian mineral exploration company specializing in project generation supported by substantial exploration expertise. The Company generates targets based on the advanced processing of large geoscientific databases (the "Big Data" approach).

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Azimut Exploration Inc.

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Azimut Exploration Inc. is a publicly traded Canadian mineral exploration company specializing in project generation ......

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8020 Admin

2 hours ago

8020 Admin posted a press release Azimut Closes $6.0 million Private Placement Financing in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Feb. 26, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) announces the closing of a non-brokered private placement of an amount of $6,000,000. The placement consists of 2,448,980 flow-through shares at a price of $2.45 per share.


Proceeds from the financing will be used by Azimut to incur eligible Canadian exploration expenses with a focus on its 100%-owned Elmer Gold Property. Azimut has recently announced substantial drilling results on this property (see press release of January 14, 2020). The financing is being supported by one strategic investor.


No commissions or finder's fees have been paid in respect of the financing.


The securities issued under this financing will be subject to a hold period of four months from the closing date. The terms of the placement are subject to acceptance by the TSX Venture Exchange.


About Azimut Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 63.9 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


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.


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2020/26/c7652.html

Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.com 

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8020 Admin

8 days ago

8020 Admin posted a press release Azimut Announces $6.0 million Private Placement Financing in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Feb. 19, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) announces a non-brokered private placement of an amount of $6,000,000 of flow-through shares (the "FT Shares") at a price of $2.45 per FT Share.


Proceeds from the financing will be used by Azimut to incur eligible Canadian exploration expenses with a focus on its 100%-owned Elmer Gold Property. Azimut has recently announced substantial drilling results on this property (see press release of January 14, 2020). The FT Shares financing is being supported by one strategic investor.


No commissions or finder's fees will be paid in respect of the financing.


The securities issued under this financing will be subject to a hold period of four months from the closing date. The terms of the placement are subject to acceptance by the TSX Venture Exchange.


About Azimut Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 60.6 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


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.


View original content: http://www.newswire.ca/en/releases/archive/February2020/19/c4312.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.com , www.azimut-exploration.com 

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8020 Admin

29 days ago

8020 Admin posted a press release Azimut provides an Updated Corporate Presentation in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, Jan. 29, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to provide an updated corporate presentation for its key properties in Quebec on the Company website. This document can be downloaded using the following link:


http://www.azimut-exploration.com/en/presentations/2020_AZM_Corporate_Presentation_January_29_FINAL-p.pdf


The document provides additional information on the Elmer Gold Discovery, as well as a summary of three other key properties (Pikwa, Rex and Rex South) (see press releases of January 7 and 14, 2020). All these properties will be drilled in 2020.


This press release and the corporate presentation were prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 58.7 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


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.


View original content: http://www.newswire.ca/en/releases/archive/January2020/29/c8318.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.com , www.azimut-exploration.com 

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8020 Admin

1 month ago

8020 Admin posted a press release Azimut drills 3.15 g/t Au over 102.0 m including 10.1 g/t Au over 20.5 m at the Patwon Prospect, Elmer Gold Property, James Bay Region, Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Jan. 14, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the discovery of substantial gold mineralization in multiple drill hole intersections, including frequent high-grade intervals, in all seven (7) holes of its maiden diamond drilling program on the 100% owned Elmer Property (the "Property") in the James Bay region of Quebec. Significant additional drilling will be required to define the true width and extent of this discovery. The Patwon Prospect is part of a larger 7-kilometre-long high-potential target zone on the Property (see Figures 1 to 3). A ground geophysics survey (induced polarization) is currently underway over the discovery area and its vicinity to prepare for a more comprehensive upcoming drilling program.


The results from this initial phase of drilling indicates that gold-bearing mineralization occurs in three different orientations: 1) along an extensive set of veins oblique to the schistosity; 2) parallel to the schistosity; and 3) as flat-lying veins. Drill holes were oriented to intersect the three types of veins.


Azimut's management considers these results to be among the most significant gold exploration results in the James Bay region since the 2004 discovery of the Éléonore deposit by Virginia Gold Mines. The Éléonore mine is currently owned and operated by Newmont.


Read more here: https://quotemedia.com/portal/quote?qm_symbol=AZM%3ACA&qmodStoryID=8122840598771498 

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8020 Admin

2 months ago

8020 Admin posted a press release Azimut appoints Mathieu Landry as Vice-President Technology and Business Development in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Jan. 9, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is very pleased to announce the appointment of Mr. Mathieu Landry as Vice-President Technology and Business Development of the Company. Mr. Landry will strengthen the Company's leading role in the field of predictive analysis applied to mineral exploration and will develop new partnership opportunities.


Mathieu Landry is a senior mining professional with more than 16 years of experience, mostly with Glencore (previously Xstrata, Falconbridge). Mr. Landry has broad technical and management expertise as a geophysicist and geoscientist, including a senior position in advanced analytics techniques and digital transformation for a major mining operation.


Previous assignments include the positions of Superintendent Technology and Business Intelligence (2018-2019), Principal Geoscientist (2016-2018) and Senior Project Manager – Geophysics (2010-2016) at Raglan Mine (Glencore) in Nunavik, Northern Quebec. In these capacities, he was involved in significant brownfield discoveries and the subsequent development of nickel-copper-PGE deposits.


Mr. Landry holds a BSc. in geology from Carleton University in Ottawa (2003). Azimut has granted a total of 150,000 stock options to Mr. Landry with an exercise price of $0.50 per share, exercisable during a 10-year period.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 58.5 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold properties in the James Bay region and three (3) major gold-copper properties in the Nunavik region.


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.


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/January2020/09/c5075.html

Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.com 

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8020 Admin

2 months ago

8020 Admin posted a press release Azimut further Proves the AZtechMine(TM) Expert System as an Efficient Discovery Tool for Mineral Exploration in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Jan. 7, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) wishes to highlight the central role of its proprietary AZtechMineTM expert system in the Company's ability to identify high potential targets and make subsequent discoveries. Azimut holds the largest mineral exploration portfolio in Quebec (see Figure 1) and all these properties have been identified using the AZtechMineTM methodology.


Numerical approaches, including artificial intelligence, are a new paradigm for mineral exploration. Since 2003, Azimut has applied predictive modelling to mineral exploration. The results from 2019 for four (4) key properties (see below) further emphasize the strong link between Azimut's predictive methodology and practical field achievements through sizeable discoveries. These most recent results demonstrate again that AZtechMineTM is a fully operational and efficient discovery tool.


In 2020, Azimut will advance these four properties through substantial programs that include diamond drilling. All press releases mentioned as references in this communication are available in the News section of the Company's website at www.azimut-exploration.com.


James Bay Progress (see Figures 2 to 5)


Since 2003, Azimut has performed six mineral potential modelling in the James Bay region, five for gold and one for copper (press release of July 8, 2019). The last gold modelling covered a 176,300 km2 surface area and led to a regional-scale strategic alliance with SOQUEM (press release of September 26, 2016).


The key progress achieved in 2019 is summarized below.


Elmer and Duxbury Gold Properties (100% Azimut)



  • These two adjacent properties provide a controlling position over a 35-kilometre strike length along the Lower Eastmain greenstone belt of Archean age. Azimut believes this highly prospective region is underexplored.

  • The Patwon Prospect, a priority target, is part of a larger 7-kilometre-long high-grade trend.

  • Prospecting and channel sampling over Patwon delineated a 150 m by 50 m area with encouraging surface results, including:


    • 9.52 g/t Au over 7.1 m Channel Elm-11

    • 36.3 g/t Au over 2.0 m Channel Elm-10

    • 9.56 g/t Au over 5.36 m Channel Elm-40, 44, 44'

    • 3.36 g/t Au over 10.32 m Channel Elm-33, 33'

    • 1.1 g/t Au over 18.03 m Channel Elm-42, 43


  • The results of a maiden 7-hole diamond drill program (996 m) are pending. All holes encountered mineralization, including native gold grains in each hole.

  • See the 2019 press releases of July 16, September 19, October 22 and November 28 for further details.


Pikwa Copper-Gold Property (SOQUEM / Azimut Option)



  • This property is 40 kilometres long by 17 kilometres wide and provides a controlling position over a major polymetallic target marked by a regional arsenic-bismuth-copper (As-Bi-Cu) footprint in lake-bottom sediments ("LBS") and a 20-kilometre-long magnetic high. It is located in the Archean La Grande Subprovince.

  • Field work in 2019 focused on the Copperfield Trend, a 20-kilometre-long copper-gold target comprising East and West segments, each 10 kilometres long.

  • Copperfield East includes a 5.5-kilometre long by a 500-metre-wide target area defined by the spatial association of a strong detailed LBS anomaly (Cu-Mo-Ag-Bi-W) and a strong copper-in-soil anomaly.

  • A mineralized boulder field of mostly angular to slightly rounded boulders is present along the long axis of the soil anomaly. The best grades from 141 sampled boulders were 20.1% Cu, 2.99 g/t Au, 58 g/t Ag and 0.246% Mo.

  • Several high-grade mineralized outcrops within the soil anomaly yielded grades up to 9.81% Cu, 13.45 g/t Au and 37.6 g/t Ag.

  • Two strong VTEM conductors on strike with the soil anomaly represent attractive targets for sulphide mineralization.

  • Copperfield West displays strong copper LBS anomalies and the same magnetic pattern as Copperfield East (linear magnetic high) but has been so far subject to limited exploration work.

  • See the 2019 press releases of March 20, April 15, July 22, October 16, October 23 and December 3 for further details.


Nunavik Progress (see Figures 6 to 11)


In 2009, Azimut acquired a strategic land position over a vast underexplored region of Northern Quebec (the "Rex Trend") through its Rex and Rex South properties. The projects were staked following the Company's copper-gold predictive modelling over a 1,247,900 km2 surface area. Azimut's subsequent province-wide ranking update in 2015 used new in-house calculation tools (press release of November 19, 2015).


The Rex Trend is defined as a strong 300-kilometre-long copper anomaly in LBS coupled with a strong 100-kilometre-long rare earth anomaly (press releases of March 31 and July 22, 2011). Azimut considers the Rex Trend to be a new mineral province related to a deep-seated structural corridor with the potential to host large-scale deposits, which may include the following mineral deposits types: iron oxide copper-gold ("IOCG") deposits, reduced intrusion-related gold-polymetallic systems, copper-gold mineralization in shear zones, and volcanogenic massive sulphides.


In 2019, Azimut and SOQUEM announced the conclusion of a second strategic alliance covering the Rex, Rex South and Nantais properties (press releases of February 25, May 15 and September 4, 2019).


Rex Property (Azimut / SOQUEM Option)



  • Field work in 2019 led to the discovery of multiple mineralized zones, further establishing Rex as a district-scale polymetallic project for gold, copper, silver, tellurium, molybdenum and tungsten.

  • Two major mineralized zones have been identified:


    • The Mousquetaires Zone, recognized over a 1,050-metre-long by 80-metre-wide area, is a copper-bearing brittle fault returning grades of up to 13.65% Cu, 0.12% Mo and 25.9 g/t Te. This zone may represent the strike extension of the 3-kilometre-long fault-controlled copper-bearing RBL Zone, which returned grades of up to 11.6% Cu in grab samples.

    • The Subtle Zone, recognized over a 500-metre-long by 150-metre-wide area, is a shear-hosted high-grade gold system with silver and zinc, returning grades of up to 141 g/t Au, 915 g/t Ag and 7.87% Zn, as well as a previous result of 580 g/t Au in 2010. This zone appears on strike with a group of 10 prospects further south on the Property that returned up to 133.5 g/t Au, 851 g/t Ag, 9.09% Zn, >500 g/t Te, 1.6% Cu and 0.87% W.


  • See the 2019 press release of November 6 for further details.


Rex South Property (Azimut / SOQUEM Option)



  • The Property hosts at least 11 mineralized zones with kilometre-scale extensions, most positioned around or near a 15 kilometre by 5 kilometre ovoid granitic intrusion known as the Qalluviartuuq Intrusive Complex. Rex South is a district-scale exploration property with strong potential for copper, gold and other associated commodities (silver, tellurium, molybdenum, tungsten and tin).

  • The summer field campaign led to the discovery of a new copper-bearing mineralized zone (Boreal Zone) and the extension of previously recognized mineralized zones at Copperton, Dragon and Lebreuil:


    • The Boreal Zone is a hydrothermal breccia identified over an area 300 metres long by 10 metres wide with copper grades of up to 3.07% Cu in grab samples.

    • The Copperton Zone, recognized over a strike length of 3.5 kilometres and a width of 20 to 100 metres, corresponds to disseminated to semi-massive chalcopyrite and pyrite. The best grades from the latest prospecting program were 5.0 g/t Au, 1.75% Cu and 4.83 g/t Au, 1.5% Cu in grab samples.

    • The Dragon Zone is approximately 450 metres long by 90 metres wide and appears spatially correlated with a magnetic high. Mineralization is mainly chalcopyrite, and the best results from grab samples were 4.05% Cu, 0.6% Mo and 2.78% Cu, 0.13% Mo.

    • The Lebreuil Zone is about 2 kilometres long, and the best grades from grab samples were 3.67% Cu, 11.2 g/t Au and 48.5 g/t Te.


  • See the 2019 press release of November 25 for further details.


Grab samples are selective by nature and unlikely to represent average grades. Rock samples were sent to ALS Minerals in Val-d'Or, Quebec, where they were assayed for a 48-element suite using an ICP method. Gold was analyzed by fire assay with atomic absorption finish, and samples exceeding 3.0 g/t Au were reassayed with a gravimetric finish. Azimut applied industry-standard QA/QC procedures.


About the AZtechMineTM Expert System


AZtechMine links mineral databases to numerical geoscientific parameters (geochemistry, magnetism, gravity, radioactivity, etc.) acquired at the regional and country scales to identify targets with high discovery probabilities. The methodology is not limited to any specific geographic area and can be applied wherever the right database exists. The key principles are as follows:



  • AZtechMine is based on the assumption that large near-surface deposits generate distinct and statistically recognizable multiparameter footprints.

  • An innovative statistical approach extracts the footprints for each selected mineral deposit type or commodity. Results are then ranked by relative discovery probability.

  • The resulting maps pinpoint the footprints of known deposits and reveal comparable footprints in poorly explored areas that may then become targets.

  • Compared to other predictive approaches (weight of evidence, neural network, machine learning), AZtechMine is a data-driven white box expert system that relies exclusively on measured numerical data collected on regular grids, without any weighting or interpretative bias.


This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. The Company's edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects.


Azimut maintains rigorous financial discipline and has 58.5 million shares outstanding. Azimut's tight share structure is a key asset for value creation. Since its founding in 1986, there have been no share consolidations.


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.


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/January2020/07/c7227.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.com 

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8020 Admin

2 months ago

8020 Admin posted a press release Azimut closes a $785,000 Flow-Through Private Placement Financing in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Dec. 19, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the closing of a non-brokered private placement of $785,000 consisting of the issuance of 1,189,365 flow-through common shares at a price of $0.66 per share.


The placement has been conducted with accredited investors as well as with directors and officers of Azimut. The insider participation is $80,071 and participation of a close business associate is $66,000.


The securities issued under this financing will be subject to a hold period of four months and one day expiring on April 19, 2020. At the closing of the placement, Azimut had 58,575,726 common shares issued and outstanding.


Proceeds from this placement will be used by Azimut to incur eligible Quebec exploration expenses for programs on its mineral properties.


The private placement is subject to the final approval of the TSX Venture Exchange. Finders fees totalling $21,697 have been paid to third parties dealing at arm's length with Azimut.


Other information


Azimut's board of directors is pleased to announce the creation of a Governance and Compensation Committee to ensure that the Company follows best practices and trends for a rigorous and effective governance. The newly formed committee is presided by Dr. Jacques Simoneau, with Mrs. Angelina Mehta and Mr. Michel Brunet as members. Note that the Audit Committee is presided by Mr. Jean-Charles Potvin and its members are Drs. Jean-Marc Lulin and Jacques Simoneau.


Azimut announces that it has increased by 2,068,000 the number of common shares reserved for future issuance under its stock option plan for a total of 5,857,000, or approximately 9.99 % of the 58,575,726 common shares issued and outstanding of the Corporation as of December 18, 2019. All other terms of the stock option plan remain unchanged.


About Azimut


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 58.5 million shares outstanding. Azimut's tight share structure is a key asset for value creation. Since its founding in 1986, there have been no share consolidations.


Azimut holds the largest mineral exploration portfolio in Quebec. The Company's edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects.


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.


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/December2019/19/c3639.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.com 

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8020 Admin

3 months ago

8020 Admin posted a press release Azimut and SOQUEM confirm the Copperfield Trend as a Major Copper-Gold Target on the Pikwa Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.

Mineralized Outcrops and Boulder Field with Grades Up to 20.1% Cu and 13.4 g/t Au along a 5.5 km by 0.5 km Corridor

LONGUEUIL, QC, Dec. 9, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the full results from the 2019 exploration program on the 20-kilometre-long Copperfield Trend identified on the Pikwa Property (the "Property") in the James Bay region of Quebec (see Figures 1 to 5).


The encouraging results from 2019 include the discovery of high-grade mineralized outcrops and proximal boulders (up to 20.1% Cu and up to 13.45 g/t Au) that correlates with a 5.5-kilometre-long copper soil anomaly. These results warrant a substantial follow-up program that will comprise ground geophysics (induced polarization) and a maiden diamond drilling program in early 2020.


The Property is part of the James Bay Strategic Alliance (the "Alliance") between Azimut and SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec. Major developments of the Alliance were disclosed in the Company's press release of May 15, 2019. Azimut is the operator of the Alliance.


The Property was acquired in 2016 following systematic gold predictive modelling over the James Bay region (176,300 km2 surface area) using the Company's AZtechMineTM expert system.


New Prospecting Results


In addition to the results already disclosed in the press releases dated October 16 and October 23, 2019, a final batch of 169 grab samples yielded excellent results from the Copperfield Trend. The best 30 samples from this batch returned the following grades from outcrops (o) and boulders (b):


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=7512134456686724 

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8020 Admin

3 months ago

8020 Admin posted a press release Azimut and SOQUEM Enhance the Nantais Property (Gold-Silver-Copper-Zinc) in Nunavik, Northern Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Dec. 3, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the results from its 2019 exploration program on the Nantais Property (the "Property") under the Azimut–SOQUEM Strategic Alliance in the Nunavik region (the "Alliance") (Figure 1). The $4 million program, funded by SOQUEM, also covered the Rex and Rex South properties (see press releases of November 6 and November 25, 2019).


The upcoming 2020 exploration program, funded with an additional $4 million Alliance budget, will assess the best targets by diamond drilling and prospecting. Azimut is the operator of the Alliance.


The highlights of the field program are described below (see Figures 2 to 4):




    • Discovery of a 1.6-km-long gold-bearing area with grades up to 6.91 g/t Au, 16.4 g/t Ag and 0.22% Cu (sample Y90610), spatially associated with a 1.1-km-long electromagnetic conductor; grab samples collected in this area, mostly from angular boulders, are composed of sheared mafic volcanics with quartz veins and pyrite;

    • Improved definition, through infill prospecting, of a previously recognized polymetallic corridor, 3.1 km long by up to 500 m wide, in the central part of the Property (see press releases of April 19, 2012 and September 18, 2012). The most significant new grab sample results are presented below from north to south:



Read more here: https://quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=8988985794964942 

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8020 Admin

3 months ago

8020 Admin posted a press release Azimut Drills the Patwon Gold Prospect, Elmer Property, James Bay Region, Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Nov. 28, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that a diamond drilling program is in progress on the Company's wholly-owned Elmer Property (the "Property") in the James Bay region of Quebec. This initial 1,000-metre campaign (6 holes) is designed to test the geometric continuity of the high-grade Patwon Prospect (see Figures 1 to 4).


The first four holes completed to date display mineralization, including native gold grains in each hole. Analytical results are expected early next year. Ground geophysics (Induced Polarization) and an additional drilling phase are planned for early 2020 in a high-priority target area measuring 2.1 km by 0.7 km that includes Patwon.


The Patwon Prospect, which was initially sampled by Azimut in October 2018 following the acquisition of the Elmer Property by map designation (see press releases of September 13, 2018 and November 20, 2018), has delivered substantial surface gold results since June 2019, including:


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=6477559874405681 

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