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

1 day ago

8020 Admin posted a press release Azimut and SOQUEM discover Multiple Gold and Copper Mineralized Zones (up to 141 g/t Au and 13.65% Cu) on the Rex Property, Nunavik Region, Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Nov. 6, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the first results from its 2019 partner-funded $4 million exploration program executed on the Rex-Duquet Property (the "Property") under the Azimut–SOQUEM Strategic Alliance in the Nunavik region (the "Alliance") (see press release of September 4, 2019). Results from the Rex South and Nantais properties, also part of the Alliance, will be reported later. Azimut is the operator of the Alliance (see Figure 1).


On the Rex Property, field work 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.


The upcoming 2020 exploration program, funded with an additional $4 million Alliance budget, will accelerate the assessment of the best mineralized zones by diamond drilling. It will also include additional heliborne geophysics and prospecting.


HIGHLIGHTS (see Figures 2 to 6, and Photos 1 to 12)


1)  Discovery of two major mineralized zones:



  • The Mousquetaires Zone corresponds to a copper-bearing brittle fault crosscutting a foliated iron formation, 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 located 10 kilometres to the NNW on the Property, which returned grades of up to 11.6% Cu.

  • The Subtle Zone is a shear-hosted high-grade gold system with silver and zinc, returning grades of up to 580 g/t Au (found in 2012) and 141 g/t Au, 915 g/t Ag and 7.87% Zn. This zone appears on strike with a group of 10 prospects located 5 to 12 kilometres further south on the Property, returning 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.


2)  The preliminary definition of the Mousquetaires Zone is as follows:



  • The zone is recognized over a 1,050-metre-long by 80-metre-wide area, striking NNW-SSE with a 70o to 80o NE dip, crosscutting a strongly magnetic iron formation, and largely open along strike.

  • Host rocks are variable: iron formation, gabbro, diorite, mafic and felsic volcanics, and paragneiss.

  • Mineralization is dominated by semi-massive to disseminated chalcopyrite, with pyrite, pyrrhotite, magnetite and some bornite, associated with quartz veins and veinlets in a brittle tectonic context.

  • Alteration is characterized by chlorite, hematite as well as magnetite veinlets proximal to mineralization; by epidote, silica and felspar more distal to mineralization.

  • The main control on mineralization is a brittle fault with possible significant down-dip extensions.


3)  The preliminary definition of the Subtle Zone is as follows:



  • The zone is recognized over a 500-metre-long by 150-metre-wide area, striking NNW-SSE with a subvertical dip and largely open along strike.

  • Host rocks are paragneiss, orthogneiss and amphibolite.

  • Mineralization is dominated by pyrite associated with centimetric to decimetric quartz veins generally subparallel to foliation, with some sphalerite, galena, chalcopyrite, pyrrhotite and arsenopyrite.

  • The zone is marked by high gold grades (up to 580 g/t Au) associated with silver (up to 915 g/t Ag), zinc (up to 7.87% Zn) and, more locally, tellurium (up to 11.7 g/t Te), tungsten (up to 0.5% W) and molybdenum (up to 0.25% Mo).

  • Alteration is characterized by silica, chlorite, sericite and hematite.

  • The main control on mineralization is foliation. Isoclinal folding, as suggested by the magnetic pattern, may increase the width of the prospective zone.


4)  A magnetic, electromagnetic and spectrometric heliborne survey of 1,720.7 line-kilometres with 200-metre line spacing was flown over Rex by CGG Multi-Physics of Mississauga (Ontario) as part of the 2019 program. A Helitem time-domain system was used for the electromagnetic survey. The results are still being processed and will be merged with other exploration results to identify and rank drilling targets.


The Rex-Duquet Property (1,840 claims) is composed of three (3) main claim blocks totalling 785.9 km2 with a cumulative length of 74 kilometres. The 2019 program focused on the western claim block. A total of 1,052 grab samples were collected over a period of 29 days, primarily from outcrops. Grab samples are selective by nature and unlikely to represent average grades. Results of Azimut's previous Rex programs have been reported in the press releases of October 13 and 20, 2010, and February 9, 2012.


About the Rex Trend


In 2009, Azimut acquired a controlling land position over a vast underexplored region of Northern Quebec (the "Rex Trend") through its Rex and Rex South properties, together covering 1,247,900 km2. The projects were staked following the Company's copper-gold predictive modelling using its proprietary AZtechMineTM expert system. The primary objective was to identify world-class exploration targets in the Government of Quebec's Plan Nord territory.


The Rex Trend is defined as a strong 300-kilometre-long copper anomaly in lake-bottom sediments 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 (the "Allemand-Tasiat Zone") with the potential to host large-scale deposits. This includes iron oxide copper-gold ("IOCG") deposits, reduced intrusion-related gold-polymetallic systems, copper-gold mineralization in shear zones, and volcanogenic massive sulphides. The Rex Trend displays common features with the world-class Carajás Mineral Province in Brazil (press release of April 4, 2012).


About the Azimut – SOQUEM Nunavik Alliance


The Alliance, announced on May 15, 2019, comprises two (2) option phases representing a total investment of up to $40 million:



  • First Option ($16 million for 50%): SOQUEM has the option to earn an initial 50% interest in the Rex-Duquet, Rex South and Nantais properties by investing $16 million in exploration work over a period of four (4) years, the first two (2) years being a firm commitment of $4 million each year.

  • Second Option ($8 million plus a PEA per designated property for an additional 10%): SOQUEM will have the option to earn an additional 10% interest in each designated property (for a total 60% interest in each property) by investing $8 million per designated property over a period of two (2) years and delivering a preliminary economic assessment ("PEA").


This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101. The field program is under the direction of François Bissonnette, P.Geo., Operations Manager, and Dr. Martin Tuchscherer, P.Geo., Chief Geologist, both from Azimut. SOQUEM's geologists were also part of the exploration team.


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec's mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future.


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 57.4 million shares outstanding. Azimut's tight share structure is seen as a key asset for value creation. Since its founding in 1986, there is no share consolidation.


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. 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.


Azimut's other high-potential properties in the James Bay region comprise:



  • 4 gold properties in the Eleonore camp (Eleonore South JV, Opinaca A, Opinaca B, Opinaca D);

  • 2 gold properties in the Lower Eastmain greenstone belt (Elmer, Duxbury); and

  • 6 copper and copper-gold properties with strong regional-scale footprints (Kukamas, Masta, Corvet, Kaanaayaa, Corne, Mercator).


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/November2019/06/c0035.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

15 days ago

8020 Admin posted a press release Azimut and SOQUEM report additional results from the Copperfield Trend, Pikwa Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Oct. 23, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report excellent additional results from the Copperfield Trend on the Pikwa Property (the "Property") in the James Bay region of Quebec. These results follow up on the discovery of a 5.2-kilometre-long mineralized boulder field spatially associated with mineralized outcrops, as announced in the press release of October 16, 2019 (see Figures 1 to 7).


An additional batch of 20 samples yielded the following best results from outcrops (o) and boulders (b):


Read more here: https://www.quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=7983058993644571 

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8020 Admin

16 days ago

8020 Admin posted a press release Azimut obtains 9.56 g/t Au over 5.36 metres from channel sampling on the Elmer Property, James Bay Region, Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Oct. 22, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report additional channel sampling results from its Patwon Prospect located on the Company's wholly-owned Elmer Property (the "Property") in the James Bay region of Québec (see Figure 1).


Seven (7) channels cut the main strike of the quartz veins perpendicularly and define a roughly 30-metre-wide gold-bearing envelope. The best composite grades are:



  • 9.56 g/t Au over 5.36 m (channels Elm-40, -44 and -44')

  • 3.36 g/t Au over 10.32 m (channels Elm-33 and -33')

  • 1.10 g/t Au over 18.08 m (channels Elm-42 and -43)


These new results further confirm a significant gold-bearing system on the prospect at least 150 metres along strike by at least 30 metres across.


The current exploration work at Patwon consists of mechanized stripping to be followed by a maiden diamond drilling program.


HIGHLIGHTS (see Figures 2 to 5)



  • Additional channel sampling has increased the sampling density on the Patwon Prospect. A total of 84 samples for 69.27 metres have been collected, bringing the total since June 2019 to 275 samples for 248.21 metres (see press release of September 19, 2019).

  • Mineralized facies correspond to a centimetric to metric network of quartz veins with strongly chloritized and carbonatized wall rocks containing 1% to 10% disseminated pyrite. A mafic intrusion cut by felsic to intermediate dykes constitutes the main host rock.

  • Four types of mineralized quartz veins have been identified:


    • Shear veins subparallel to schistosity;

    • Extensional veins, oriented NW-SE, oblique to the NE-SW schistosity;

    • Quartz stockwork mainly associated with felsic to intermediate dykes; and

    • Veins and/or mineralized wall rock at the contact between felsic dykes and mafic host lithologies.


  • Several other high-grade prospects located along strike have outlined a multi-kilometre target area (see Figure 3). Additional prospecting has been completed along this trend and analytical results are pending.


The Elmer Property comprises 276 claims covering 145.4 km2 over a 22-kilometre strike length. It was acquired by map designation in 2018 (see press releases of September 13, 2018, November 20, 2018 and June 13, 2019). The Property is located 285 kilometres north of Matagami, 60 kilometres east of the municipality of Eastmain, and 40 kilometres west of the James Bay Road. The region benefits from quality infrastructure that includes major access roads, a hydro-power grid and airports.


Details of the new channels and results are explained below in relation to the channels and results previously reported in the press release of September 19, 2019:



  • Channel Elm-33 (3.33 g/t Au over 8.0 m) was extended by 2.32 m with channel Elm-33'; the reported grade in the present press release (3.36 g/t Au over 10.32 m) combines the values obtained in these two channels;

  • Channel Elm-44 (10.06 g/t Au over 4.96 m) was cut subparallel to channel Elm-40 (24.36 g/t Au over 0.92 m); the reported grade in the present press release (9.56 g/t Au over 5.36 m) combines the values obtained in channels Elm-40, 44 and 44'.


Channel and grab sample positions were recorded with a high-precision GPS. The channels were generally cut perpendicular to vein strike. Grab samples are selective by nature and unlikely to represent average grades.


This press release was prepared by 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 57.4 million shares outstanding.


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. 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.


Azimut's other high-potential properties in the James Bay region comprise:



  • 4 gold properties in the Eleonore camp (Eleonore South JV, Opinaca A, Opinaca B, Opinaca D);

  • 2 gold properties in the Lower Eastmain greenstone belt (Elmer, Duxbury); and

  • 6 copper and copper-gold properties with strong regional-scale footprints (Kukamas, Masta, Corvet, Kaanaayaa, Corne, Mercator).


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/October2019/22/c6650.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

22 days ago

8020 Admin posted a press release Azimut and SOQUEM define a 5.2-kilometre-long Copper-Gold Target on the Pikwa Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Oct. 16, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce key progress arising from its 2019 summer field program on the Pikwa Property (the "Property") in the James Bay region of Quebec (see Figure 1).


A mineralized boulder field 5.2 kilometres long has been identified along the Copperfield Trend (see press release of July 22, 2019). Copper-bearing outcrops have been discovered within the boulder field forming a discontinuous area roughly 700 metres across in the eastern part of the Copperfield Trend. A total of 114 mineralized grab samples were collected from the outcrops and boulders and the first 16 results received yielded grades up to:



  • 9.81% Cu, 13.45 g/t Au and 37.6 g/t Ag (outcrop)

  • 4.94% Cu, 2.99 g/t Au, 41.3 g/t Ag and 0.163% Mo (angular boulder)


The next exploration step will consist of ground geophysics (induced polarization survey) and diamond drilling.


Several of the features identified on the Copperfield Trend share similarities with the geological context of the world-class Aitik porphyry Cu-Au-Ag-Mo deposit in Sweden. The Copperfield Trend is considered a major copper-gold exploration target based on these similarities.


The Property was acquired in 2016 as a follow-up to Azimut's regional predictive modelling covering 176,300 square kilometres of the James Bay region using the proprietary AZtechMineTM expert system.


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


2019 HIGHLIGHTS (see Figures 2 to 8 and Photos 1 to 8)



  • Significant assay results received to date from Copperfield outcrops (o) and boulders (b) include:


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=7212171829511187 

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Media Relations

7 months ago

Media Relations posted an update Mr. Jean-Marc Lulin, CEO presenting last night in AZIMUT EXPLORATION INC.

Last night in St George de Beauce, MI3 is pleased to have Azimut exploration, a top pick Québec Gold explorer présentions by M. Jean-Marc Lulin, Président and CEO. (AZM.TSXV)


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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.

lockPrivateGroup

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

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8020 Admin

1 day ago

8020 Admin posted a press release Azimut and SOQUEM discover Multiple Gold and Copper Mineralized Zones (up to 141 g/t Au and 13.65% Cu) on the Rex Property, Nunavik Region, Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Nov. 6, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the first results from its 2019 partner-funded $4 million exploration program executed on the Rex-Duquet Property (the "Property") under the Azimut–SOQUEM Strategic Alliance in the Nunavik region (the "Alliance") (see press release of September 4, 2019). Results from the Rex South and Nantais properties, also part of the Alliance, will be reported later. Azimut is the operator of the Alliance (see Figure 1).


On the Rex Property, field work 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.


The upcoming 2020 exploration program, funded with an additional $4 million Alliance budget, will accelerate the assessment of the best mineralized zones by diamond drilling. It will also include additional heliborne geophysics and prospecting.


HIGHLIGHTS (see Figures 2 to 6, and Photos 1 to 12)


1)  Discovery of two major mineralized zones:



  • The Mousquetaires Zone corresponds to a copper-bearing brittle fault crosscutting a foliated iron formation, 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 located 10 kilometres to the NNW on the Property, which returned grades of up to 11.6% Cu.

  • The Subtle Zone is a shear-hosted high-grade gold system with silver and zinc, returning grades of up to 580 g/t Au (found in 2012) and 141 g/t Au, 915 g/t Ag and 7.87% Zn. This zone appears on strike with a group of 10 prospects located 5 to 12 kilometres further south on the Property, returning 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.


2)  The preliminary definition of the Mousquetaires Zone is as follows:



  • The zone is recognized over a 1,050-metre-long by 80-metre-wide area, striking NNW-SSE with a 70o to 80o NE dip, crosscutting a strongly magnetic iron formation, and largely open along strike.

  • Host rocks are variable: iron formation, gabbro, diorite, mafic and felsic volcanics, and paragneiss.

  • Mineralization is dominated by semi-massive to disseminated chalcopyrite, with pyrite, pyrrhotite, magnetite and some bornite, associated with quartz veins and veinlets in a brittle tectonic context.

  • Alteration is characterized by chlorite, hematite as well as magnetite veinlets proximal to mineralization; by epidote, silica and felspar more distal to mineralization.

  • The main control on mineralization is a brittle fault with possible significant down-dip extensions.


3)  The preliminary definition of the Subtle Zone is as follows:



  • The zone is recognized over a 500-metre-long by 150-metre-wide area, striking NNW-SSE with a subvertical dip and largely open along strike.

  • Host rocks are paragneiss, orthogneiss and amphibolite.

  • Mineralization is dominated by pyrite associated with centimetric to decimetric quartz veins generally subparallel to foliation, with some sphalerite, galena, chalcopyrite, pyrrhotite and arsenopyrite.

  • The zone is marked by high gold grades (up to 580 g/t Au) associated with silver (up to 915 g/t Ag), zinc (up to 7.87% Zn) and, more locally, tellurium (up to 11.7 g/t Te), tungsten (up to 0.5% W) and molybdenum (up to 0.25% Mo).

  • Alteration is characterized by silica, chlorite, sericite and hematite.

  • The main control on mineralization is foliation. Isoclinal folding, as suggested by the magnetic pattern, may increase the width of the prospective zone.


4)  A magnetic, electromagnetic and spectrometric heliborne survey of 1,720.7 line-kilometres with 200-metre line spacing was flown over Rex by CGG Multi-Physics of Mississauga (Ontario) as part of the 2019 program. A Helitem time-domain system was used for the electromagnetic survey. The results are still being processed and will be merged with other exploration results to identify and rank drilling targets.


The Rex-Duquet Property (1,840 claims) is composed of three (3) main claim blocks totalling 785.9 km2 with a cumulative length of 74 kilometres. The 2019 program focused on the western claim block. A total of 1,052 grab samples were collected over a period of 29 days, primarily from outcrops. Grab samples are selective by nature and unlikely to represent average grades. Results of Azimut's previous Rex programs have been reported in the press releases of October 13 and 20, 2010, and February 9, 2012.


About the Rex Trend


In 2009, Azimut acquired a controlling land position over a vast underexplored region of Northern Quebec (the "Rex Trend") through its Rex and Rex South properties, together covering 1,247,900 km2. The projects were staked following the Company's copper-gold predictive modelling using its proprietary AZtechMineTM expert system. The primary objective was to identify world-class exploration targets in the Government of Quebec's Plan Nord territory.


The Rex Trend is defined as a strong 300-kilometre-long copper anomaly in lake-bottom sediments 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 (the "Allemand-Tasiat Zone") with the potential to host large-scale deposits. This includes iron oxide copper-gold ("IOCG") deposits, reduced intrusion-related gold-polymetallic systems, copper-gold mineralization in shear zones, and volcanogenic massive sulphides. The Rex Trend displays common features with the world-class Carajás Mineral Province in Brazil (press release of April 4, 2012).


About the Azimut – SOQUEM Nunavik Alliance


The Alliance, announced on May 15, 2019, comprises two (2) option phases representing a total investment of up to $40 million:



  • First Option ($16 million for 50%): SOQUEM has the option to earn an initial 50% interest in the Rex-Duquet, Rex South and Nantais properties by investing $16 million in exploration work over a period of four (4) years, the first two (2) years being a firm commitment of $4 million each year.

  • Second Option ($8 million plus a PEA per designated property for an additional 10%): SOQUEM will have the option to earn an additional 10% interest in each designated property (for a total 60% interest in each property) by investing $8 million per designated property over a period of two (2) years and delivering a preliminary economic assessment ("PEA").


This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101. The field program is under the direction of François Bissonnette, P.Geo., Operations Manager, and Dr. Martin Tuchscherer, P.Geo., Chief Geologist, both from Azimut. SOQUEM's geologists were also part of the exploration team.


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec's mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future.


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 57.4 million shares outstanding. Azimut's tight share structure is seen as a key asset for value creation. Since its founding in 1986, there is no share consolidation.


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. 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.


Azimut's other high-potential properties in the James Bay region comprise:



  • 4 gold properties in the Eleonore camp (Eleonore South JV, Opinaca A, Opinaca B, Opinaca D);

  • 2 gold properties in the Lower Eastmain greenstone belt (Elmer, Duxbury); and

  • 6 copper and copper-gold properties with strong regional-scale footprints (Kukamas, Masta, Corvet, Kaanaayaa, Corne, Mercator).


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/November2019/06/c0035.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

15 days ago

8020 Admin posted a press release Azimut and SOQUEM report additional results from the Copperfield Trend, Pikwa Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Oct. 23, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report excellent additional results from the Copperfield Trend on the Pikwa Property (the "Property") in the James Bay region of Quebec. These results follow up on the discovery of a 5.2-kilometre-long mineralized boulder field spatially associated with mineralized outcrops, as announced in the press release of October 16, 2019 (see Figures 1 to 7).


An additional batch of 20 samples yielded the following best results from outcrops (o) and boulders (b):


Read more here: https://www.quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=7983058993644571 

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8020 Admin

16 days ago

8020 Admin posted a press release Azimut obtains 9.56 g/t Au over 5.36 metres from channel sampling on the Elmer Property, James Bay Region, Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, Oct. 22, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report additional channel sampling results from its Patwon Prospect located on the Company's wholly-owned Elmer Property (the "Property") in the James Bay region of Québec (see Figure 1).


Seven (7) channels cut the main strike of the quartz veins perpendicularly and define a roughly 30-metre-wide gold-bearing envelope. The best composite grades are:



  • 9.56 g/t Au over 5.36 m (channels Elm-40, -44 and -44')

  • 3.36 g/t Au over 10.32 m (channels Elm-33 and -33')

  • 1.10 g/t Au over 18.08 m (channels Elm-42 and -43)


These new results further confirm a significant gold-bearing system on the prospect at least 150 metres along strike by at least 30 metres across.


The current exploration work at Patwon consists of mechanized stripping to be followed by a maiden diamond drilling program.


HIGHLIGHTS (see Figures 2 to 5)



  • Additional channel sampling has increased the sampling density on the Patwon Prospect. A total of 84 samples for 69.27 metres have been collected, bringing the total since June 2019 to 275 samples for 248.21 metres (see press release of September 19, 2019).

  • Mineralized facies correspond to a centimetric to metric network of quartz veins with strongly chloritized and carbonatized wall rocks containing 1% to 10% disseminated pyrite. A mafic intrusion cut by felsic to intermediate dykes constitutes the main host rock.

  • Four types of mineralized quartz veins have been identified:


    • Shear veins subparallel to schistosity;

    • Extensional veins, oriented NW-SE, oblique to the NE-SW schistosity;

    • Quartz stockwork mainly associated with felsic to intermediate dykes; and

    • Veins and/or mineralized wall rock at the contact between felsic dykes and mafic host lithologies.


  • Several other high-grade prospects located along strike have outlined a multi-kilometre target area (see Figure 3). Additional prospecting has been completed along this trend and analytical results are pending.


The Elmer Property comprises 276 claims covering 145.4 km2 over a 22-kilometre strike length. It was acquired by map designation in 2018 (see press releases of September 13, 2018, November 20, 2018 and June 13, 2019). The Property is located 285 kilometres north of Matagami, 60 kilometres east of the municipality of Eastmain, and 40 kilometres west of the James Bay Road. The region benefits from quality infrastructure that includes major access roads, a hydro-power grid and airports.


Details of the new channels and results are explained below in relation to the channels and results previously reported in the press release of September 19, 2019:



  • Channel Elm-33 (3.33 g/t Au over 8.0 m) was extended by 2.32 m with channel Elm-33'; the reported grade in the present press release (3.36 g/t Au over 10.32 m) combines the values obtained in these two channels;

  • Channel Elm-44 (10.06 g/t Au over 4.96 m) was cut subparallel to channel Elm-40 (24.36 g/t Au over 0.92 m); the reported grade in the present press release (9.56 g/t Au over 5.36 m) combines the values obtained in channels Elm-40, 44 and 44'.


Channel and grab sample positions were recorded with a high-precision GPS. The channels were generally cut perpendicular to vein strike. Grab samples are selective by nature and unlikely to represent average grades.


This press release was prepared by 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 57.4 million shares outstanding.


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. 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.


Azimut's other high-potential properties in the James Bay region comprise:



  • 4 gold properties in the Eleonore camp (Eleonore South JV, Opinaca A, Opinaca B, Opinaca D);

  • 2 gold properties in the Lower Eastmain greenstone belt (Elmer, Duxbury); and

  • 6 copper and copper-gold properties with strong regional-scale footprints (Kukamas, Masta, Corvet, Kaanaayaa, Corne, Mercator).


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/October2019/22/c6650.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

22 days ago

8020 Admin posted a press release Azimut and SOQUEM define a 5.2-kilometre-long Copper-Gold Target on the Pikwa Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.

LONGUEUIL, QC, Oct. 16, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce key progress arising from its 2019 summer field program on the Pikwa Property (the "Property") in the James Bay region of Quebec (see Figure 1).


A mineralized boulder field 5.2 kilometres long has been identified along the Copperfield Trend (see press release of July 22, 2019). Copper-bearing outcrops have been discovered within the boulder field forming a discontinuous area roughly 700 metres across in the eastern part of the Copperfield Trend. A total of 114 mineralized grab samples were collected from the outcrops and boulders and the first 16 results received yielded grades up to:



  • 9.81% Cu, 13.45 g/t Au and 37.6 g/t Ag (outcrop)

  • 4.94% Cu, 2.99 g/t Au, 41.3 g/t Ag and 0.163% Mo (angular boulder)


The next exploration step will consist of ground geophysics (induced polarization survey) and diamond drilling.


Several of the features identified on the Copperfield Trend share similarities with the geological context of the world-class Aitik porphyry Cu-Au-Ag-Mo deposit in Sweden. The Copperfield Trend is considered a major copper-gold exploration target based on these similarities.


The Property was acquired in 2016 as a follow-up to Azimut's regional predictive modelling covering 176,300 square kilometres of the James Bay region using the proprietary AZtechMineTM expert system.


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


2019 HIGHLIGHTS (see Figures 2 to 8 and Photos 1 to 8)



  • Significant assay results received to date from Copperfield outcrops (o) and boulders (b) include:


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=AZM%3ACA&qmodStoryID=7212171829511187 

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Media Relations

7 months ago

Media Relations posted an update Mr. Jean-Marc Lulin, CEO presenting last night in AZIMUT EXPLORATION INC.

Last night in St George de Beauce, MI3 is pleased to have Azimut exploration, a top pick Québec Gold explorer présentions by M. Jean-Marc Lulin, Président and CEO. (AZM.TSXV)


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