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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2 hours

8020Admin posted a press release Azimut Cuts 9.52 g/t Au over 7.1 m on the Elmer Property, James Bay Region, Quebec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, July 16, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report excellent initial results from the 2019 exploration program on the Company's wholly-owned Elmer Property (the "Property"). Channel sampling on the Patwon Prospect confirms the strong exploration potential for a high-grade gold system on the Property.


The remainder of the 2019 work program will be adjusted according to the pending results of this first phase.


HIGHLIGHTS (see Figures 1 to 4)



  • 292 channel samples were collected for a total length of 278.65 metres, as well as 172 rock grab samples. Most analytical results are pending.

  • Channels in the immediate vicinity of a high-grade grab sample collected in late 2018 (54.6 g/t Au; see press release of November 20, 2018) yielded the following results:


    • 22.1 g/t Au over 2.95 m (channel CH-09; open)

    • 36.3 g/t Au over 2.0 m (channel CH-10; open)

    • 9.52 g/t Au over 7.1 m (channel CH-11; open)


  • Mineralized facies correspond to a centimetric to decametric network of quartz veins with strongly chloritized and carbonatized wall rocks containing 1% to 10% disseminated pyrite. A mafic intrusion cut by quartz feldspar porphyry dykes constitute the main host rocks.

  • The outcropping Patwon Prospect, currently exposed over an area of about 150 metres by 100 metres, is open in most directions. A preliminary field assessment and initial analytical results point toward a sizeable target. The orientation of the mineralized envelope and true mineralized widths have not yet been determined.

  • The Patwon Prospect is part of a newly interpreted 7-kilometre-long high-grade trend that includes four other prospects: East Zone, Patwon East, Gold Zone and Gabbro Zone (see Figure 2).


The Elmer Property comprises 247 claims covering 130 km2 over a 22-kilometre strike length. It 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 James Bay region benefits from quality infrastructure that includes major access roads, a hydro-power grid and airport infrastructure.


Azimut has identified and ranked 21 underexplored targets on Elmer since acquiring the Property by map designation in 2018 (see press releases of September 13, 2018 and June 13, 2019).


The current exploration program was made possible through funding from five of Quebec's financial institutions: CDPQ Sodemex Inc., Fonds de solidarité FTQ, SIDEX, Société de développement de la Baie James and Capital croissance PME II (see press release of December 21, 2018).


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 53.3 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.


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/July2019/16/c4711.html



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

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8020Admin

8 days

8020Admin posted a press release Azimut Conducts Predictive Modelling for Copper Over the James Bay Region and Acquires Four Quality Projects in AZIMUT EXPLORATION INC.


Symbol: AZM.TSX Venture

LONGUEUIL, QC, July 08, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce it has recently completed regional predictive modelling for copper over the James Bay region of Quebec using the Company's AZtechMineTM expert system. Several large but underexplored copper targets have since been acquired by map designation. Some of the copper targets combine gold or nickel-cobalt potential.


Azimut has a long-standing track record of successful mineral potential modelling using big data analytics, subsequently validated by field discoveries. The Company holds the largest mineral exploration portfolio in Quebec and, through strong partnerships, is one of the leading explorers in the James Bay and Nunavik regions.


James Bay is one of the most active regions for mineral exploration in Canada and benefits from quality infrastructure that includes major access roads, a hydro-power grid and airports (see Figures 1 and 2).


Predictive Modelling for Copper


Over the past six months, Azimut has conducted copper modelling using public government data and the Company's proprietary data, covering a surface area of 176,300 km2. The numerical processing parameters included geochemical (multi-element lake-bottom sediment) and geophysical (magnetism, gravity) data. Further ranking used geological and structural data and past exploration work. The modelling and target generation focused on the following deposit types: Copper-gold intrusion-related, iron oxide copper gold (IOCG) and copper-nickel-cobalt.


Azimut's management is of the opinion that the exploration level for copper is still at a very early stage in the James Bay region. The Company has now acquired a substantial number of the significant copper targets it identified.


Copper Property Portfolio


The Company's copper property portfolio includes four new or already owned but significantly expanded properties: Kukamas, Masta 2–Corvet, Corne and Mercator. The Kaanaayaa property (see press release of March 28, 2019) is also part of this regional position for copper. These five properties, wholly owned by Azimut, comprise 1,619 claims (834 km2). Most of the properties have been subject to limited historical exploration work.


From west to east, the properties are described as follows:


Kukamas (361 claims, 183 km2): Copper-gold property with a 36-km strike, located within the volcano-plutonic La Grande Subprovince, about 7 km north of the boundary with the metasedimentary Opinaca Subprovince. Geology is marked by sheared metasediments including iron formation and metavolcanics surrounding granitic intrusions. The property displays strong copper-arsenic-antimony geochemical anomalies in lake-bottom sediments ("LBS"). The property hosts several gold and copper prospects (up to 1.21 g/t Au and up to 20.7% Cu).


Masta 2–Corvet (340 claims, 175 km2): Copper-gold property with a 34-km strike, comprising the Masta-2 and Corvet claim blocks. This project straddles the La Grande–Opinaca boundary. Geological context is characterized by sheared metasediments, amphibolite, paragneiss and small granitic intrusions. A strong LBS arsenic-copper-bismuth-antimony footprint is spatially associated with the subprovince structural boundary. The property hosts several copper and gold prospects (up to 3.14% Cu and up to 1.83 g/t Au).


Kaanaayaa (390 claims, 200.5 km2): Copper-gold and copper-nickel property measuring 21 km long by 15 km wide, located within the La Grande Subprovince just north of the Opinaca boundary. Geology is marked by metasediments and mafic to intermediate volcanics crosscut by several small granitic intrusions. A multi-kilometre fold may control the location of some of these intrusions. The project also covers a strong LBS bismuth-silver-molybdenum-copper-tungsten footprint, as well as nickel-cobalt anomalies.


Corne (177 claims, 93.6 km2): Copper-gold property with a 17-km strike covering a well-marked copper-bismuth-arsenic LBS anomaly. The project is located within the metasedimentary Opinaca Subprovince, close to the Opatica boundary. The property has seen very limited exploration. A small copper-molybdenum-silver intrusion-related deposit is located about 20 km to the northwest (MacLeod, Pointe Richard).


Mercator (351 claims, 182 km2): Copper and copper-nickel-cobalt property measuring 22 km long by 16 km wide, located within the Opinaca Subprovince at the edge of the Ashuanipi Subprovince. The project displays strong geochemical signatures in LBS including copper, bismuth and molybdenum, as well as, more locally, nickel and cobalt. This area has no record of past exploration.


Azimut intends to rapidly validate the potential of these properties through a well-established exploration protocol, including detailed LBS sampling, airborne geophysics, follow-up prospecting and drilling.


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


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 53.3 million shares outstanding.


Azimut's edge against exploration risk is founded on systematic regional 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/July2019/08/c7215.html



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

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8020Admin

19 days

8020Admin posted a press release Azimut and SOQUEM Resume Exploration on the Munischiwan Property (Au, Ag, Cu), James Bay Region, Quebec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, June 27, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce it has started the 2019 exploration program on the Munischiwan Property (the "Property") in the James Bay region of Quebec (see Figure 1). This phase of work mainly consists of detailed surface sampling on the InSight Discovery to prepare for the first diamond drilling program later this year.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), under a Strategic Alliance covering the James Bay region. Major new developments of the alliance were disclosed in the Company's press release of May 15, 2019.


The InSight Discovery is currently defined as a 600-metre by 150-metre envelope based on outcropping mineralization. Grab samples yielded up to 100.5 g/t Au, 435 g/t Ag, 156 g/t Te and 1.67% Cu. Grab samples are selective by nature and unlikely to represent average grades. Mineralization is mostly composed of disseminated chalcopyrite, quartz veins and quartz veinlets hosted in foliated metasediments with strong biotite alteration (see press releases of October 25, 2018 and December 5, 2018) (see Figure 2).


The results of an induced polarization ("IP") survey recently completed over this area (see press release of April 30, 2019) indicate a 300-metre by at least 1,000-metre coincident IP anomaly striking NNW-SSE (the "InSight Target Zone"). Other IP anomalies, subparallel to and/or on strike with the InSight discovery, constitute highly prospective targets within a trend at least 3 kilometres long by 1 kilometre wide.


Other prospects discovered during the 2018 prospecting program, including the Soga Prospect (up to 2.53% Cu, 9.0 g/t Ag in grab samples) hosted in mafic intrusives, will be subject to additional work.


The Property (167 claims, 87.5 km2) is located about 85 kilometres east of the Cree community of Eastmain in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. Azimut is the operator of the current program.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a proprietary pioneering approach to big data analytics (the AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. Azimut's edge against exploration risk is founded on systematic regional 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/June2019/27/c2981.html

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

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8020Admin

1 month

8020Admin posted a press release Azimut Commences Exploration on the Elmer and Duxbury Gold Properties in the James Bay Region, Quebec in AZIMUT EXPLORATION INC.


Canada NewsWire




 

 Symbol: AZM.TSX Venture

LONGUEUIL, QC, June 13, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the start of an exploration program on its wholly-owned Elmer and Duxbury properties following the Company's comprehensive assessment phase. The properties provide continuous coverage over a 35-kilometre segment of an underexplored greenstone belt that is considered highly prospective for intrusion-related and shear-related gold deposits. Encouraging preliminary prospecting results, including 77.8 g/t Au, 60.4 g/t Au, 54.6 g/t Au and 8.56 g/t Au in grab samples, have already been reported (see press release of November 20, 2018).


Access to the Elmer and Duxbury properties is afforded by the quality infrastructure of the James Bay region of Quebec, one of the most active regions for gold exploration in Canada. Azimut is one of the leading exploration companies operating in Quebec.


HIGHLIGHTS (see Figures 1 to 4)



  • Recently completed compilation and reprocessing of the historical database confirms the potential of the highly prospective Archean greenstone belt, only sporadically explored thus far. On the Elmer Property, 13 gold (silver, copper, zinc) prospects, mostly high-grade, are located within an ENE-WSW corridor 12 km long by up to 3 km wide. Reconnaissance prospecting on the Duxbury Property confirms the strike continuity of this trend.

  • The geology is dominated by felsic volcanics, andesite, diorite, basalt, gabbro, and porphyry dykes. Alteration is characterized by sericitization in the felsic volcanics and porphyry dykes, and chloritization and carbonatization in the mafic lithologies (gabbros, diorite, basalts). At the scale of the Elmer Property, there is a strong association between gold and sericitized porphyry dykes. As previously reported (see press release of September 13, 2018), Azimut considers this context to be comparable to the geological environment of the Windfall gold deposit in the Abitibi region (Osisko Mining Inc.).

  • On the Elmer Property, 21 areas of interest have been identified that warrant significant sampling. Ten are ranked as priority 1, five as priority 2, and six as priority 3. Ranking criteria include geological, structural, geophysical and mineralization factors. The current field program will advance the property to the drilling stage.


The Elmer Property comprises 233 claims covering 123 km2 and is located 285 kilometres north of Matagami, 60 kilometres east of the municipality of Eastmain, and 40 kilometres west of the James Bay Road, a major paved highway. The adjacent Duxbury Property comprises 184 claims covering 97 km2.


The current field program is expected to lead to significant revisions of the geological map and mineral potential for the area. 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 proprietary pioneering approach to big data analytics (the AZtechMineTM expert system), enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. Azimut'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 gold properties in the James Bay region and three 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/June2019/13/c8332.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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8020Admin

2 months

8020Admin posted a press release Azimut and SOQUEM Sign Final Strategic Alliance Agreement in AZIMUT EXPLORATION INC.


LONGUEUIL, QC and VAL-D'OR, QC, May 15, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) and SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, are pleased to announce the signing of the final agreement of their expanded Strategic Alliance (the "Alliance"), following the execution of a letter agreement previously announced on February 25, 2019.


The Alliance comprises nine (9) gold and copper-gold major properties totalling 7,149 claims with a surface area of 3,277 square kilometres. The properties are located in the prospective Eeyou Istchee James Bay ("James Bay") and Nunavik regions of Quebec. These regions are part of the Plan Nord strategy implemented by the Government of Quebec.


The Alliance represents a major change in the activity level of both companies and will combine their strengths, specifically Azimut's big data analytics expertise in mineral exploration and SOQUEM's mining exploration and development expertise. A key component of the Alliance will be the continued development of close ties with local communities in the Nunavik and James Bay regions. The Alliance builds on the technical success of the original James Bay strategic agreement in 2016.


HIGHLIGHTS OF THE TRANSACTION (see Figure 1)



  1. NUNAVIK: The agreement covers three major copper-gold properties (Rex-Duquet, Rex South and Nantais). The objective is to unlock the potential of known district-scale polymetallic targets.



  • First Option ($16 million for 50%): SOQUEM will have 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 and 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 such property) by investing $8 million per designated property over a period of two (2) years and delivering a preliminary economic assessment ("PEA").

  • Azimut will be the operator of the Alliance.

  • JAMES BAY: Amendments to the existing agreement relate to six gold properties explored under the Alliance since 2016.



  • Azimut has a back-in option to regain a 50% interest in four (4) properties (Munischiwan, Pikwa, Pontois and Desceliers) by conducting a total investment of $3.31 million in exploration work over a period of three (3) years, representing the same amount initially invested by SOQUEM.

  • Azimut remains operator during this earn-in option period, which will be transferred to SOQUEM thereafter.

  • Azimut and SOQUEM each retain a 50% interest in the Galinée and Dalmas properties. Azimut will remain operator on these projects.

  • SOQUEM relinquishes its exclusive rights to acquire an interest in other properties wholly owned by Azimut (Duxbury, Kukamas East, Corvet and Synclinal).

  • The agreement also sets out the conditions for additional predictive modelling elsewhere in Quebec.


HIGHLIGHTS OF THE PROPERTIES (see Figures 2 to 6)



  1. REX-DUQUET (Au, Ag, Cu, REE), Nunavik



  • 1,869 claims covering 798 square kilometres

  • Three main claim blocks with a total strike length of 81 kilometres

  • Target types: Iron Oxide Copper Gold systems ("IOCG"); shear zones; gold-rich volcanogenic massive sulphides ("VMS")

  • Key results:


    • Discovery of two outcropping kilometre-scale IOCG systems: RBL and CM zones

    • Discovery of a 30-kilometre sheared corridor with numerous outcropping high-grade prospects (up to 580 g/t Au, 552.9 g/t Ag, 10.4 % Cu from grab samples)


  • Planned 2019 program: 3,500 line-kilometre heliborne electromagnetic-magnetic survey; focused prospecting; till sampling; drill target ranking

  • REX SOUTH (Au, Ag, Cu, Te, W, Sn, Ni), Nunavik



  • 2,361 claims covering 1,028 square kilometres

  • Two blocks of claims with a total strike length of 70 kilometres

  • Target types: IOCG; intrusion-related; sediment-hosted; shear zones; magmatic Ni-Cu

  • Key results:


    • Discovery of three outcropping IOCG systems: Jemima, Impact and Sombrero zones

    • Discovery of a 15 kilometre by 5 kilometre intrusion-related gold-polymetallic system hosting several kilometre-scale outcropping zones (Copperton, Augossan, Anorthosite, Pegor, Ferrus, Le Breuil and Dragon)

    • Best grades include 23.3 g/t Au, 124 g/t Ag, 9.28% Cu, 102.5 g/t Te, 4.62% W and 2.58% Sn from grab samples

    • The cumulative length for the identified targets is 60 kilometres


  • Planned 2019 program: 4,600 line-kilometre heliborne electromagnetic-magnetic survey; focused prospecting; till sampling; drill target ranking

  • NANTAIS (Au, Ag, Cu, Zn), Nunavik



  • 541 claims covering 226 square kilometres

  • Property covers 31 kilometres of an underexplored greenstone belt

  • Target types: Gold-rich VMS; shear zones

  • Key results:


    • Discovery of a 3 kilometre by 200 metre outcropping mineralized corridor

    • Definition of robust targets with a cumulative length of 18 kilometres following a heliborne electromagnetic-magnetic survey in 2014 and a remote sensing study in 2018


  • Planned 2019 program: Focused prospecting; till sampling; drill target ranking

  • MUNISCHIWAN (Au, Ag, Cu), James Bay



  • 167 claims covering 87 square kilometres

  • Target types: Intrusion-related; shear zones

  • Key results:


    • Discovery of the InSight Prospect: 600 metre by 150 metre mineralized zone with grades up to 100.5 g/t Au, 435 g/t Ag, 105 g/t Te and 1.67% Cu from grab samples

    • Potential kilometre-scale extensions and other nearby targets based on induced polarization anomalies (spring 2019 survey)


  • Planned 2019 program: Focused prospecting; core drilling (at least 1,200 metres)

  • PIKWA (Au, Cu), James Bay



  • 703 claims covering 360 square kilometres

  • Target types: Intrusion-related; shear zones

  • Key results:


    • Discovery of the Hyperion Prospect (up to 7.17 g/t Au in grab samples from outcrops) within a well defined 10.5-kilometre-long electromagnetic, magnetic and geochemical footprint

    • Discovery of the Copperfield Prospect (up to 2.95% Cu in grab samples from angular boulders) located within a well-defined 20-kilometre-long magnetic, electromagnetic and geochemical footprint on strike with the adjacent Mythril discovery (Midland Exploration Inc.)


  • Planned 2019 program: Focused prospecting; stripping; ground geophysics and/or soil geochemistry; core drilling

  • PONTOIS (Au), James Bay



  • 399 claims covering 203 square kilometres

  • Target type: Shear zones

  • Key results:


    • Discovery of the Black Hole Prospect (up to 6.02 g/t Au in grab samples from outcrops)


  • Planned 2019 program: Focused prospecting

  • DESCELIERS (Au, Cu, REE, Ni), James Bay



  • 363 claims covering 188 square kilometres

  • Target types: IOCG; magmatic Ni-Cu

  • Key results:


    • Definition of robust targets following an in-fill lake bottom sediment survey in 2016 and a heliborne magnetic-electromagnetic survey in 2018


  • Planned 2019 program: Focused prospecting

  • GALINÉE (Au), James Bay



  • 658 claims covering 339 square kilometres

  • Target types: Shear zones; intrusion-related

  • Key results:


    • Discovery of a 130 metre by 30 metre outcropping gold-bearing zone (up to 2.17 g/t Au from grabs), and a gold-bearing trend in till with the best sample yielding 52 delicate gold grains


  • Planned 2019 program: Focused prospecting; stripping; soil geochemistry; till sampling

  • DALMAS (Au), James Bay



  • 88 claims covering 45 square kilometres

  • Target type: Shear zones

  • Key results:


    • 3-kilometre trend of anomalous gold, arsenic and copper in grab samples


  • Planned 2019 program: Prospecting; till sampling


Azimut has previously disclosed the above property highlights in press releases. Grab samples are selective by nature and unlikely to represent average grades.


The Alliance transaction remains subject to regulatory approvals by the TSX Venture Exchange.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 proprietary pioneering approach to big data analytics (the AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


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



  • Elmer (Au, Ag, Cu, Zn): 100% Azimut

  • Duxbury (Au): 100% Azimut

  • Kaanaayaa (Au, Cu): 100% Azimut

  • Eleonore South (Au): Azimut–Newmont Goldcorp–Eastmain

  • Wabamisk (Au): Azimut–Newmont Goldcorp

  • Opinaca B (Au): Azimut–Hecla Mining–Everton


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/May2019/15/c5781.html



Azimut Exploration Inc., Jean-Marc Lulin, P.Geo., President and CEO, Tel.: (450) 646-3015, info@azimut-exploration.com, www.azimut-exploration.com; SOQUEM Inc., Michel Gilbert, P.Eng., Acting President and General Manager, Tel.: (819) 874-3773, michel.gilbert@soquem.qc.ca

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8020Admin

3 months

8020Admin posted a press release Azimut and SOQUEM Identify Induced Polarization Anomalies over the InSight Au-Ag-Cu Discovery, Munischiwan Property, James Bay in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, April 30, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the preliminary results of an induced polarization ("IP") ground geophysical survey over the InSight discovery (Au-Ag-Cu) on the Munischiwan Property (the "Property") in the James Bay region of Quebec (see Figure 1). The next exploration phase will start in June 2019 and will consist of detailed prospecting followed by diamond drilling.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, under a Strategic Alliance covering the James Bay region. Major new developments of the alliance were disclosed in the Company's press release of February 25, 2019.


The InSight discovery is currently defined as a 150-metre by 600-metre envelope based on outcropping mineralization. Grab samples yielded up to 100.5 g/t Au, 435 g/t Ag, 156 g/t Te and 1.67% Cu. The new geophysical data significantly extend the potential of this prospect.


HIGHLIGHT (see Figures 2 and 3)



  • The InSight discovery is characterized by a 300-metre by at least 1,000-metre coincident IP anomaly striking NNW-SSE (the "InSight Target Zone").

  • Other IP anomalies, subparallel to and/or on strike with the InSight discovery, constitute highly prospective targets within a 1-kilometre by at least 3-kilometre trend.

  • Heliborne magnetic data (Geotech 2017) show a good spatial correlation with the IP anomalies, thereby strengthening the target definition.


The discovery of the InSight prospect is the direct outcome of the Company's predictive modelling using the AZtechMineTM expert system over the James Bay region. The prospect has been described in the press releases of October 25, 2018, December 5, 2018 and March 25, 2019. Mineralization is mostly composed of disseminated chalcopyrite, quartz veins and quartz veinlets hosted in foliated metasediments with strong biotite alteration. Grab samples are selective by nature and unlikely to represent average grades.


Geosig Inc. of Quebec City (Quebec) conducted the geophysical survey over the InSight discovery and its potential extensions on a grid about 3.1 kilometres long by 2 kilometres wide with 100-metre line spacing. The IP survey totalled 70-line-km and used a pole-dipole array with readings every 25 metres (n=1 to 8).


The Munischiwan Property (167 claims, 87.5 km2) is located about 85 kilometres east of the Cree community of Eastmain in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The current work phase is funded by SOQUEM with Azimut as the operator.


The Company is planning substantial programs in 2019 (alone or with partners) on nine of its other properties in the James Bay region:



  • Pikwa (Au, Cu): Azimut-SOQUEM

  • Pontois (Au): Azimut-SOQUEM

  • Desceliers (Au, Cu): Azimut-SOQUEM

  • Galinée (Au): Azimut-SOQUEM

  • Dalmas (Au): Azimut-SOQUEM

  • Eleonore South (Au): Azimut-Newmont-Goldcorp-Eastmain

  • Elmer (Au, Ag, Cu, Zn): 100% Azimut

  • Duxbury (Au): 100% Azimut

  • Kaanaayaa (Au, Cu): 100% Azimut


This press release was prepared by Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101. Joël Simard, P.Geo., senior consulting geophysicist for Azimut, has processed and interpreted the preliminary data of the IP survey and reviewed the content of this release.


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a proprietary pioneering approach to big data analytics (AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


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/April2019/30/c3135.html



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

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8020Admin

3 months

8020Admin posted a press release Azimut and SOQUEM identify Strong Electromagnetic Conductors on the Pikwa Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, April 15, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce encouraging preliminary results from a 2,234-line-kilometre electromagnetic (VTEMTM Plus) and magnetic heliborne survey covering a major gold-polymetallic target on the Pikwa Property (the "Property") in the James Bay region of Quebec (see Figure 1).


A well-defined 10.5-kilometre-long corridor of strong electromagnetic ("EM") conductors hosts the Hyperion Prospect (up to 7.17 g/t Au). Other conductors are on strike with the Copperfield Prospect (up to 2.95% Cu), as well as the adjacent polymetallic Mythril Discovery of Midland Exploration Inc. (TSXV: MD).


The upcoming 2019 exploration phase will consist of focussed prospecting and mechanized stripping, a soil geochemical survey, ground geophysics and likely diamond drilling.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, under a Strategic Alliance covering the James Bay region. Previous results from the Property were released on November 6 and 27, 2018 and on March 20, 2019. Major developments of the Strategic Alliance were disclosed in the Company's press release of February 25, 2019.


HIGHLIGHTS (see Figures 2 to 7)



  • Strong EM conductors, with a cumulative length of about 7.4 kilometres, correlate well with linear magnetic highs along two main directions (E-W and WSW-ENE). Most of the conductors defined at this time are subcropping with probable subvertical dips.

  • The Hyperion Prospect occurs within a well-defined 10.5-kilometre-long E-W corridor of combined EM conductors and magnetic highs. The prospect is characterized by high concentrations of arsenopyrite in gold-bearing rocks.

  • The Copperfield Prospect occurs within a separate 20-kilometre-long WSW-ENE linear magnetic high that also encompasses several EM conductors. This same trend hosts the Mythril Discovery, a 2-kilometre-long mineralized zone immediately east of the Property, which appears to be coincident with strong soil geochemistry and induced polarization anomalies based on publicly released information.

  • In a geochemical context, EM conductors occur within a strong property-scale polymetallic (Cu-Mo-Ag-Bi-W) footprint in lake-bottom sediments, which is particularly pronounced for copper and bismuth.

  • In a geological context, EM conductors are present along the boundary of a large tonalitic intrusion and metavolcanics, and close to small granitic intrusions hosted in metavolcanics or metasediments; this environment is recognized as prospective for intrusion-related mineralization.


Geotech Ltd of Aurora, Ontario was contracted to carry out the VTEMTM Plus and magnetic survey, which totalled 2,234-line-kilometres on the Property and a portion of its immediate surroundings. Line spacing was 200 metres (2,117 line-km) except where a tighter spacing of 100 metres (117 line-km) was locally used to infill specific areas of interest.


The Property was acquired in 2016 as a follow-up of Azimut's regional predictive modelling covering 176,300 square kilometres of the James Bay region. The Property (701 claims, 359.4 km2) is 40 kilometres long by 17 kilometres wide and provides a controlling position over a major polymetallic target. It is located 303 kilometres east of the Cree community of Wemindji in an area serviced by excellent infrastructure, including permanent roads, power grids and airport facilities. The Trans-Taiga Road, an east-west gravel highway through the region, crosses the Property.


The current work phase is 100% partner-funded with Azimut as the operator. This press release was prepared by Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101. Joël Simard, P.Geo., senior consulting geophysicist for Azimut, has interpreted the preliminary data of the survey and revised the content of this release.


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 proprietary pioneering approach to big data analytics (AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


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/April2019/15/c5303.html

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

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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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8020Admin

4 months

8020Admin posted a press release Azimut acquires the Kaanaayaa Gold-Copper Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, March 28, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce it recently acquired the Kaanaayaa Property (the "Project") to cover an excellent gold-copper exploration target in the James Bay region of Quebec (see Figure 1). This wholly owned Project is about 10 km southeast of the Pikwa Property (Azimut-SOQUEM). Azimut will undertake a detailed lake-bottom sediment geochemical survey over the Project, followed by a prospecting phase.


The Project comprises 390 claims (200.5 km2) acquired by map designation. It has the following notable features (see Figures 2 to 5):



  • Strong regional-scale geochemical footprint in lake-bottom sediments, combining bismuth, silver, copper, molybdenum and tungsten; this footprint is comparable to the signature over gold and polymetallic prospects on the Pikwa Property (see press release of March 20, 2019).

  • Favourable geology characterized by metasedimentary and mafic to intermediate volcanic formations crosscut by several small granitic intrusions; the fertile nature of these intrusions for mineralization may be revealed by the polymetallic footprint present on the Project.

  • Favourable structural context with a kilometre-scale Z-fold that may have acted as a trap for mineralization.


Past exploration on the Project is very limited. An adjacent property, jointly held by Osisko Baie James and Goldcorp Inc., hosts several significant gold prospects about 5 km southwest of the Project, notably the Marco Prospect (1.07 g/t Au over 27.0 m and 10.1 g/t Au over 5.2 m) and the Contact West Zone (11.82 g/t Au over 4.7 m).


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


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a proprietary pioneering approach to big data analytics (the AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53 million shares outstanding.


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/March2019/28/c3839.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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8020Admin

4 months

8020Admin posted a press release Azimut and SOQUEM cover the InSight Discovery (Au-Ag-Cu) with a Ground Geophysical Survey, Munischiwan Property, James Bay region in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, March 25, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that a 70-line-kilometre magnetic and induced polarization ground geophysical survey is in progress to further assess the InSight discovery (Au-Ag-Cu) on the Munischiwan Property (the "Property") in the James Bay region of Quebec (see Figure 1). The results will help define the next exploration phase on the Property which will consist of detailed prospecting and diamond drilling.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, under a Strategic Alliance covering the James Bay region. Major new developments of the Strategic Alliance were disclosed in the Company's press release of February 25, 2019.


The InSight surface discovery is a direct outcome of the Company's predictive modelling using the AZtechMineTM expert system over the James Bay region. InSight displays the following salient features (see press releases of October 25 and December 5, 2018):



  • An outcropping mineralized zone 600 metres long by 100 to 150 metres wide, open in all directions, dipping about 30° east.

  • Best results up to 100.5 g/t Au, 435.0 g/t Ag, 156.0 g/t Te and 1.67 % Cu from grab samples (see Figure 2). Grab samples are selective by nature and unlikely to represent average grades.

  • An additional gold showing 600 metres to the south (2.42 g/t Au) may represent the extension of the main mineralized zone, bringing the minimum prospective strike to 1,200 metres.

  • Mineralization mostly composed of disseminated chalcopyrite, quartz veins and quartz veinlets hosted in foliated metasediments with strong biotite alteration.


Geosig Inc. of Quebec City, Quebec, is conducting the geophysical survey over the InSight discovery and its potential extensions on a grid about 3.1 kilometres long by 2 kilometres wide with 100-metre line spacing. The induced polarization survey uses a pole-dipole array with readings every 25 metres (n=1 to 8).


The Munischiwan Property (167 claims, 87.5 km2) is located about 85 kilometres east of the Cree community of Eastmain in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The current work phase is 100% partner-funded with Azimut as the operator.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a proprietary pioneering approach to big data analytics (AZtechMineTM expert system) enhanced by comprehensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53 million shares outstanding.


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/March2019/25/c6779.html

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

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8020Admin

4 months

8020Admin posted a press release Azimut and SOQUEM cover the Gold-Polymetallic Pikwa Property with a Heliborne Geophysical Survey, James Bay region, Quebec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, March 20, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that a 2,100-line-kilometre electromagnetic (VTEMTM Plus) and magnetic heliborne survey is in progress to cover a major gold-polymetallic target on the Pikwa Property (the "Property") in the James Bay region of Quebec. The results will help define the next exploration phase on the Property.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, under a Strategic Alliance for the James Bay region. Major new developments of the Strategic Alliance were disclosed in the Company's press release of February 25, 2019.


The following features underscore the strong mineral potential of the Property (see Figures 1 to 3):



  • Two main prospects on the Property: Hyperion (up to 7.17 g/t Au, 0.23% Co in grab samples from outcrops) and Copperfield (up to 2.95% Cu, 0.22 g/t Au, 7.58 g/t Te in mineralized samples from boulders). Another area, 4 km east of Hyperion, displays high background gold values (up to 0.9 g/t Au) with anomalous bismuth (up to 217 g/t Bi) and molybdenum (up to 0.106% Mo) (see press release of November 6, 2018).

  • A 20-km-long target zone on the Property containing the prospects, defined mainly by a linear magnetic high, correlates well with a strong and extensive Cu-Mo-Ag-Bi-W geochemical footprint in lake-bottom sediments; Azimut identified this footprint by processing a database totaling 27,248 samples (MERN and Azimut sampling) collected at the scale of the James Bay region over 172,185 km2 (see press release of November 27, 2018).

  • A polymetallic mineralized zone on the adjacent Mythril property discovered by Midland Exploration Inc. (TSXV: MD); this 2-km-long zone has a Cu-Mo-Au-Ag-Bi metal assemblage that correlates well with the linear magnetic high on Pikwa and is directly on strike with the large-scale geochemical footprint extending across the Property.


Geotech Ltd of Aurora, Ontario is conducting the VTEMTM Plus time-domain electromagnetic and magnetic survey with 200-metre spaced lines covering the Property and a portion of its immediate surroundings (see Figure 4).


The Property (701 claims, 359.4 km2) is 40 km long by 17 km wide and provides a controlling position over a major polymetallic target. It is located 303 kilometres east of the Cree community of Wemindji in an area serviced by excellent infrastructure, including permanent roads, power grids and airport facilities. The Trans-Taiga Road, an east-west gravel highway through the region, crosses the Property. The current work phase is 100% partner-funded with Azimut as the operator.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 proprietary pioneering approach to big data analytics (AZtechMineTM expert system) enhanced by comprehensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53 million shares outstanding.


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/March2019/20/c3942.html

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

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8020Admin

5 months

8020Admin posted a press release Azimut and SOQUEM expand their Strategic Alliance in Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL,QC and VAL-D'OR, QC, Feb. 25, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) and SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, are pleased to announce the execution of a letter agreement concerning major developments in their strategic alliance in the Province of Quebec.


Highlights of the transaction (see figure)



  • New Strategic Alliance in Nunavik to advance three major copper-gold properties through substantial exploration programs.

  • Amendments to the existing Strategic Alliance in James Bay related to six gold properties explored by the Alliance since 2016.


This agreement follows the success achieved with the James Bay Alliance since 2016. The Azimut-SOQUEM partnership relies on a sound work base that includes new technologies, targeted management and the exploration of new territories. A key component to its success is the development of close ties with the local communities of Nunavik and James Bay-Eeyou Istchee.


The expanded alliance will combine Azimut's big data analytics expertise in mineral exploration and SOQUEM's mining development expertise in Quebec. This innovative approach will advance properties having the footprint of potential mineral districts in the Plan Nord region of Northern Quebec. This new alliance should add considerable value to the region's mineral potential and improve its attractiveness to the global mining industry. The letter agreement also sets out the conditions for additional predictive modelling elsewhere in Quebec.


1)   New Strategic Alliance in Nunavik


The principal terms of the new alliance in Nunavik are as follows:



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

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

  • Azimut will be the operator of the Alliance.


Azimut has defined district-scale copper-gold exploration targets on its Rex-Duquet, Rex South and Nantais properties where numerous gold and polymetallic prospects have been identified by the Company since 2010 (see press release dated January 16, 2018). The high-quality of these targets combined with Azimut's data coverage will allow these projects to quickly reach the drilling stage.


2)   Amendments to the Strategic Alliance in James Bay


SOQUEM and Azimut have acquired and reported substantial exploration results since the beginning of their alliance in the James Bay region of Quebec (see press release dated September 26, 2016). This includes the discovery of the InSight Prospect (Au-Ag-Cu) on the Munischiwan Property (see press releases dated October 25, 2018 and December 5, 2018), the discovery of the Hyperion Prospect (Au-Co-As) on the Pikwa Property (see press releases dated November 6 and 27, 2018), and other encouraging results on the Pontois and Galinée properties (see press releases dated November 8 and 13, 2018).


The amended terms of the existing strategic alliance in James Bay are as follows:



  • A 50% back-in option for Azimut that will come into effect once SOQUEM has earned a 100% interest in four (4) high-potential gold properties (Munischiwan, Pikwa, Pontois and Desceliers) pursuant to the terms of the existing strategic alliance. Specifically, Azimut will have the option to regain a 50% interest in the subject properties by conducting a total investment of $3.31 million in exploration work during a period of three (3) years, representing the same amount initially invested by SOQUEM under the existing strategic alliance.

  • Azimut will remain operator during this earn-in option period, which will be transferred to SOQUEM thereafter.

  • Azimut and SOQUEM will each retain a 50% interest in the Galinée and Dalmas properties. Azimut will remain operator on these projects.

  • SOQUEM will relinquish its exclusive rights to acquire an interest in other properties wholly owned by Azimut (Duxbury, Kukamas East, Corvet and Synclinal).


The transaction remains subject to regulatory approvals by the TSX Venture Exchange and the execution of definitive agreements between SOQUEM and Azimut.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 proprietary pioneering approach to big data analytics (AZtechMine expert system) enhanced by comprehensive exploration know-how. Azimut maintains rigorous financial discipline and has 53 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec totalling 29 properties comprising 7,448 claims or 3,660 km2. Since 2003, Azimut has built considerable targeting and operational experience throughout the vast James Bay and Nunavik regions.


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.


www.azimut-exploration.com


 


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2019/25/c8009.html

Contact and information : Azimut Exploration Inc., Jean-Marc Lulin, P.Geo., President and CEO, Tel.: (450) 646-3015, info@azimut-exploration.com ; SOQUEM Inc., Michel Gilbert, P.Eng., Acting President and General Manager, Tel.: (819) 874-3773, michel.gilbert@soquem.qc.ca 

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8020Admin

7 months

8020Admin posted a press release Azimut closes $1,149,500 private placement in AZIMUT EXPLORATION INC.


Canada NewsWire




Symbol: AZM.TSX Venture

LONGUEUIL, QCDec. 21, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or "the Company") (TSXV: AZM) is pleased to announce the closing of a private placement for $1,149,500 from five (5) Québec-based institutional funds:



  • Capital croissance PME II, l.p. (" CCPME ") ($149,500);

  • CDPQ Sodemex Inc. ($300,000);

  • Fonds de solidarité FTQ ($200,000);

  • SIDEX l.p. (" SIDEX ") ($250,000); and

  • Société de développement de la Baie James (" SDBJ ") ($250,000).


This private placement consisted of the issuance of 4,421,153 units, at a price of $0.26 per unit, for aggregate proceeds of $1,149,500. Each unit was comprised of one (1) common share of the Company and one-half (½) of one (1) share purchase warrant. Each whole warrant entitles its holder to subscribe for one (1) common share of the Company at a price of $0.35 over an 18-month period. The securities issued and issuable under this private placement are subject to a hold period of four months expiring on April 22, 2019. Management fees totalling $48,980, representing 4.26% of the private placement, have been paid in cash.


The warrants are subject to the terms of an acceleration clause. If at any time after four (4) month and one (1) day following the closing date, the closing price of the common shares of the Company on the TSX Venture Exchange is equal or greater than $0.50 for 15 consecutive trading days, the Company will have the right to notify the warrant holders of its intention to force the exercise of the warrants, and upon receipt of such notice, the warrant holders will have 30 days to exercise the warrants, failing which the warrants will automatically expire.


The placement is subject to the final approval by the TSX Venture Exchange.


The proceeds of the private placement will be used to conduct exploration work on the 100%-owned Elmer Property (Au-Ag-Cu-Zn) located in the James Bay region of Quebec, to carry out other exploration work, and for business development and general corporate purposes.


CCPME is a fund jointly set up by the Caisse de dépôt et placement du Québec ("la Caisse") and Capital régional et coopératif Desjardins ("CRCD") for the purpose of supporting the economic development of Québec businesses and encouraging their growth.


Through its CDPQ Sodémex mining portfolio, la Caisse contributes to the development of Québec's mining industry by acquiring interests in junior mining companies and mining producers active in Québec


The Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers into investments. As at May 31, 2018, the organization had $14.3 billion in net assets, and through its current portfolio of investments has helped create and protect 194,746 jobs. The Fonds is a partner in 2,839 companies and has 667,417 shareholder-savers.


Created in 2001, SIDEX is an initiative of the Québec government and the Fonds de solidarité FTQ whose mission is to invest in companies engaged in mineral exploration in Québec in order to diversify the province's mineral base. SIDEX promotes new entrepreneurs and innovation in exploration and has invested more than $90 million to date in mineral exploration companies and their projects in Québec.


The SDBJ has been created in 1971 by the James Bay Region Development Act. The SDBJ's mission is to promote the James Bay territory's economic development and the development and use of its natural resources, other than hydroelectric resources, which are Hydro-Québec's responsibility, from a sustainable development perspective. It can also generate, support and participate in projects for these purposes.


About Azimut Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. Targeting uses a pioneering proprietary approach to Big Data analytics (AZtechMine expert system) enhanced by extensive exploration know-how. The Company maintains rigorous financial discipline. It has 52.9 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec (29 properties, 7,414 claims), including one of the largest exploration portfolios in the James Bay region (22 properties covering 5,078 claims or 2,637 km2). 


www.azimut-exploration.com


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/December2018/21/c4180.html

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

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8020Admin

7 months

8020Admin posted a press release Azimut and SOQUEM obtain New Results from the Munischiwan Property (Au, Ag, Cu), James Bay region, Quebec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, Dec. 5, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report additional prospecting results from the Munischiwan Property, which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1). Best results include 100.5 g/t Au, 151.0 g/t Ag and 156.0 g/t Te from the InSight Prospect, formerly named Maschakw (see press release of October 25, 2018). The next step will be to carry out a ground-based geophysical survey (induced polarization) this winter over the surface discovery to define drilling targets.


Highlights are as follows:



  • Significant results from 28 grab samples from the InSight Prospect:
    100.5 g/t Au, 151.0 g/t Ag, 156.0 g/t Te, 0.14% Cu
    4.89 g/t Au, 196.0 g/t Ag, 0.30% Cu
    2.28 g/t Au, 4.65 g/t Ag, 0.29% Cu
    1.92 g/t Au, 38.4 g/t Ag, 14.3 g/t Te, 0.63% Cu
    1.86 g/t Au, 5.48 g/t Ag, 2.99 g/t Te
    1.64 g/t Au, 29.8 g/t Ag, 0.84% Cu
    1.35 g/t Au, 3.46 g/t Ag, 0.28% Cu


  • The Prospect is 600 metres long by 100 to 150 metres wide, open in all directions, dipping about 30° east (see Figure 2 and Photos 1 to 3). An additional gold showing 600 metres to the south (2.42 g/t Au) may represent the extension of the Prospect, bringing the minimum prospective strike to 1,200 metres.

  • Mineralization is mostly composed of disseminated chalcopyrite, quartz veins and quartz veinlets hosted in foliated metasediments with strong biotite alteration.

  • There were no known showings on the Property before the current exploration initiative.


The Munischiwan Property (167 claims, 87.5 km2), located about 85 kilometres east of the Cree community of Eastmain, is in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The exploration program is funded by SOQUEM with Azimut as operator. All assay results from the 355 grab samples collected during the 2018 prospecting campaign have now been received, which include the 28 additional samples from Insight. Grab samples are selective by nature and unlikely to represent average grades.


SOQUEM has selected six properties under the terms of the Strategic Alliance for a total of 2,376 claims (1,223 km2):  Munischiwan (167 claims) Pontois (399 claims), Pikwa (701 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are the subject of preliminary field reconnaissance programs under the Strategic Alliance: Corvet (80 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


These six properties, along with others, are the direct outcome of the Company's 2016 predictive mineral potential modelling of the James Bay region, covering 176,300 square kilometres. The methodology, based on Big Data analytics and the proprietary AZtechMine expert system, led to the definition and ranking of multiple prospective targets that represent less than 1.0% of the modelled region, resulting in highly focused exploration efforts.


The field program was placed under the direction of François Bissonnette, Operations Manager for Azimut, and Dr. Martin Tuchscherer, Chief Geologist for Azimut. This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Quebec. Its mission is to explore, discover and develop mining properties in Quebec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. Targeting uses a pioneering proprietary approach to Big Data analytics enhanced by extensive exploration know-how. The Company maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,767 claims or 2,476 km2).


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/December2018/05/c1042.html

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

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8020Admin

8 months

8020Admin posted a press release Strong potential of the Pikwa gold-polymetallic property highlighted by regional geochemical footprint in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture 


LONGUEUIL, QC, Nov. 27, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report on the strong potential of its gold-polymetallic Pikwa Property adjacent to the Mythril Property where Midland Exploration Inc. (TSXV: MD) has discovered a significant mineralized zone. The major target zone on the Pikwa Property is characterized by a regional arsenic-bismuth-copper anomaly in lake-bottom sediments and a 20-kilometre-long magnetic high where Azimut identified gold, copper, cobalt and molybdenum mineralization (see Figures 1 to 3 and press release of November 6, 2018). The results announced by Midland Exploration appear to be directly on strike with the Pikwa target zone.


The Pikwa Property was acquired in 2016 and is jointly owned with SOQUEM Inc. under a Strategic Alliance covering the James Bay region of Québec. The Strategic Alliance is based on the results of Azimut's predictive mineral potential modelling covering 176,300 square kilometres.


The project-scale geochemical footprint is characterized by the results of a regional lake-bottom sediment survey conducted by the government, followed by a property-wide survey (211 samples) carried out by Azimut and SOQUEM in 2016. Highlights are as follows:



  • Spatially correlated arsenic and bismuth anomalies identified by the regional survey, with peak values of 22 ppm As and 0.67 ppm Bi. Arsenic and bismuth are classical pathfinder elements for gold mineralization.

  • A 38-kilometre-long copper anomaly identified by the regional survey, now largely covered by the Property, with a peak value of 136 ppm Cu. The core of the anomaly correlates well with the As and Bi footprints.

  • Peak values obtained during the recent detailed property-wide survey were comparable to those of the regional survey and further defined the target zone.


Prospecting results obtained by Azimut correlate well with the As-Bi-Cu lake-bottom sediment footprint. The best values from grab samples are >1% As at the Hyperion gold prospect, and 217.0 ppm Bi and 2.95% Cu further east along the magnetic trend.


The strong project-scale As-Bi-Cu footprint underscores the significant exploration potential of large areas on the Property for which there is little information.


In October 2018, 266 claims were added to Pikwa, bringing the total to 701 claims for a total coverage of 359.4 km2, providing a controlling position on this major target. The project is located 303 kilometres east of the Cree community of Wemindji in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. Pikwa has been the subject of a 100% partner-funded exploration program with Azimut as the operator.


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


SOQUEM, a subsidiary of Ressources Québec, is a leading investor in mineral exploration in Quebec. Its mission is to explore, discover and develop mining properties in Quebec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics (AZtechMine) is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,767 claims or 2,476 km2).


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/November2018/27/c5356.html

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

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8020Admin

8 months

8020Admin posted a press release Azimut reports on excellent gold prospecting results from its new Elmer Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.


Canada NewsWire





Symbol: AZM.TSX Venture


LONGUEUIL, QC, Nov. 20, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the results of a preliminary assessment program on its recently acquired wholly-owned Elmer Property located in the James Bay region of Quebec.


The best gold grades from this high-grade property include 77.8 g/t Au and 167.0 g/t Ag at the Gabbro Zone, 54.6 g/t Au at the Patwon Zone and 8.56 g/t Au at the Gold Zone (grab samples; see Figures 1 to 3).


These new results strengthen the exploration potential of the Property where a gold-bearing corridor 12 kilometres long by up to 3 kilometres wide represents a major underexplored target.


Azimut will conduct a significant program in 2019 before drilling. The program will include systematic prospecting, channel sampling and mechanized stripping.


HIGHLIGHTS



  • The three-day field program on the Property covered three underexplored prospects: Gabbro, Patwon and Gold;

  • The 46 samples, including 30 grab and 16 channel samples, yielded the following significant results:

    Gabbro Zone (11 samples including 4 samples with grades above 1.0 g/t Au)
    7.98 g/t Au, 18.43 g/t Ag over 0.55 m (channel)
    77.8 g/t Au, 167.0 g/t Ag (grab)
    60.4 g/t Au, 122.0 g/t Ag (grab)
    6.11 g/t Au, 9.49 g/t Ag (grab)

    Patwon Zone (28 samples including 15 samples with grades above 1.0 g/t Au)
    2.90 g/t Au over 3.50 m (channel)
    5.29 g/t Au over 0.60 m (channel)
    54.6 g/t Au, 6.44 g/t Ag (grab)
    5.61 g/t Au, 14.25 g/t Ag (grab)
    4.57 g/t Au (grab)
    2.94 g/t Au (grab)

    Gold Zone (7 samples including 2 samples with grades above 1.0 g/t Au)
    8.56 g/t Au (grab)
    1.28 g/t Au, 0.158% Cu (grab)

    Grab samples collected during prospecting are selective by nature and unlikely to represent average grades.

  • Preliminary observations of gold mineralization are as follows: Gabbro Zone: hematized and boudinaged quartz veins with traces of pyrite hosted in sheared gabbro; Patwon Zone: quartz veins and quartz-ankerite stockwork with pyrite in the wall rock, hosted in sheared mafic metavolcanics; Gold Zone: quartz-ankerite veins with pyrite, pyrrhotite and chalcopyrite hosted in sericitized mafic metavolcanics.


Azimut acquired the Elmer Property (190 claims, 99 km2) by map designation (see press release of September 13, 2018). It is located 285 kilometres north of Matagami, 60 kilometres east of the municipality of Eastmain, and 40 kilometres west of the James Bay Road, a major paved highway. Azimut is currently reviewing and reprocessing the large historical database that already exists for the Property to build a robust exploration model.


The field assessment program was carried out under the direction of François Bissonnette, Operations Manager for Azimut, and Dr. Martin Tuchscherer, Chief Geologist for Azimut. This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


Azimut Exploration is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,573 claims or 2,378 km2).


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/November2018/20/c4717.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.comCopyright CNW Group 2018

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8020Admin

8 months

8020Admin posted a press release Azimut and SOQUEM find Gold on the Galinée Property, James Bay region, Québec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture


LONGUEUIL, QC, Nov. 13, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report it has discovered gold mineralization on the extensive 36-kilometre-long Galinée Property (658 claims, 339 km2), which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure). Detailed follow-up field work will be conducted in 2019.


HIGHLIGHTS



  • Discovery by prospecting of a subcropping gold-bearing zone with 26 grab samples delivering values above 0.1 g/t Au, including 6 samples returning values from 0.53 g/t Au to 0.84 g/t Au and one sample returning 2.17 g/t Au (see Photos 1 to 4).

  • Mineralized facies are hosted in a tonalite intrusion containing disseminated to semi-massive arsenopyrite with quartz veins and veinlets, accompanied by some pyrite and pyrrhotite and by chlorite alteration.

  • The 130-metre by 30-metre zone, located in the eastern part of the Property, trends NE-SW and is open along strike in both directions.

  • About 5 kilometres to the west, till sampling identified a gold grain dispersion train, including one sample returning 52 delicate gold grains, interpreted as deriving from a proximal source.

  • About 25 kilometres to the west, another 4-kilometre-long target area returned anomalous gold counts in till samples. Some samples included coarse gold, and overall, the results confirm the unusual cluster of previously reported high gold values – up to 1.89 g/t Au – in lake sediments (see press release of May 31, 2018).

  • There were no known showings on the Property before the current exploration initiative.


The exploration targets on the Galinée project were identified in 2016 by Azimut's predictive mineral potential modelling at the scale of the James Bay region, which covered 176,300 km2. This approach, based on Big Data analytics, led to the definition and ranking of prospective targets that represent less than 1.0% of the modelled region, resulting in highly focused exploration efforts. The same modelling approach also generated targets on the Munischiwan, Pikwa and Pontois properties for which very encouraging results have been announced (see press releases of October 25, November 6 and November 8, 2018).


The project is located about 50 kilometres north-north-west of the Renard Diamond Mine (Stornoway) and 60 kilometres south of the Trans-Taiga Road, a regional highway. The exploration program was wholly funded by SOQUEM with Azimut as the operator.


The 2018 prospecting work yielded 327 grab samples, including 242 outcrop samples, 141 till samples and 49 soil samples. Results are still pending for 50 till samples and all soil samples. This follows a detailed lake-bottom sediment geochemistry survey conducted in 2017 comprising 264 samples (see press release of May 31, 2018). Grab samples collected during prospecting are selective by nature and unlikely to represent average grades.


SOQUEM has selected six properties under the terms of the Strategic Alliance for a total of 2,059 claims (1,061 km2):  Pontois (348 claims), Munischiwan (167 claims), Pikwa (435 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are the subject of preliminary field reconnaissance programs under the Strategic Alliance: Corvet (72 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


The Galinée field program is under the direction of François Bissonnette, Operations Manager for Azimut, and Dr. Martin Tuchscherer, Chief Geologist for Azimut. This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


SOQUEM, a subsidiary of Ressources Québec, is a leading investor in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,541 claims or 2,361 km2).


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/November2018/13/c4241.html

Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.comCopyright CNW Group 2018

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8020Admin

8 months

8020Admin posted a press release Azimut and SOQUEM find Gold on the Pontois Property, James Bay region, Québec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture


LONGUEUIL, QC, Nov. 8, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report it has discovered gold mineralization on the Pontois Property, which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure).


HIGHLIGHTS



  • Best gold results are 6.02 g/t Au, 2.56 g/t Au and 0.90 g/t Au in grab samples from outcrops (see Photos 1 and 2).

  • Other associated values include silver (up to 2.61 g/t Ag) and tellurium (up to 23.7 g/t Te). Significant copper values (up to 0.18% Cu) were obtained 2.0 kilometres from the prospect, along the same geological trend.

  • Gold is hosted in mafic metavolcanics and intrusive dykes with quartz veins, near a sheared contact with metasediments. The intrusive facies contains disseminated fine pyrite. This 40-metre by 20-metre sector is open along strike in both directions. Its potential extensions will be tested by detailed follow-up field work in 2019.

  • There were no known showings on the Property before the current exploration initiative.

  • Gold exploration on the Pontois Property focuses on a priority target defined in 2016 by Azimut's predictive mineral potential modelling at the scale of the James Bay region over 176,300 km2. The same modelling produced the Munischiwan and Pikwa properties for which very encouraging results have been recently announced (see press releases of October 25 and November 6, 2018).


The Pontois Property (348 claims, 177 km2) is located 360 kilometres east of the Cree community of Chisasibi in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The Trans-Taiga Road, an east-west gravel highway in the region, passes through the Property. Pontois has been the subject of a 100% partner-funded exploration program with Azimut as the operator.


The 2018 prospecting work produced 131 grab samples, mostly from outcrops. This follows a detailed lake-bottom sediment geochemistry survey conducted in 2016 (237 samples), as well as an initial prospecting phase in 2017 (225 rock samples) (see press release of June 6, 2018). Grab samples collected during prospecting are selective by nature and unlikely to represent average grades.


SOQUEM has selected six properties under the terms of the Strategic Alliance for a total of 2,059 claims (1,061 km2):  Pontois (348 claims), Munischiwan (167 claims), Pikwa (435 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are also the subject of preliminary field reconnaissance programs under the Strategic Alliance: Corvet (72 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


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


SOQUEM, a subsidiary of Ressources Québec, is a leading investor in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,541 claims or 2,361 km2).


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/November2018/08/c2762.html

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

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8020Admin

8 months

8020Admin posted a press release Azimut and SOQUEM discover Gold and Polymetallic (Cu, Co, Mo) Mineralization on the Pikwa Property, James Bay region in AZIMUT EXPLORATION INC.


Canada NewsWire





Symbol: AZM.TSX Venture 


LONGUEUIL, QC, Nov. 6, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report it has discovered gold and polymetallic mineralization (copper, cobalt, molybdenum) on the Pikwa Property, which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1).


The mineralized prospects are located within a 20-km-long target zone defined mainly by a linear magnetic high that correlates well with a strong and extensive arsenic-bismuth-copper anomaly in lake-bottom sediments. Significant results announced by Midland Exploration Inc. (TSXV: MD) on the adjacent Mythril Property appear to be directly on strike with the Pikwa target zone (see Figure 2).


This winter, a geophysical survey is planned at Pikwa to accelerate the evaluation of the prospective trend and to define drill targets.


HIGHLIGHTS



  • The main gold prospect (the "Hyperion Prospect"), discovered by prospecting and stripped manually (6 to 7 m by 3 to 4 m), has a steep dip and is open along strike. Grab samples from the contact zone between an iron formation and mafic volcanics returned the following grades (see Photo 1):
    7.17 g/t Au, 4.69 g/t Au, 3.91 g/t Au, 1.72 g/t Au and 1.14 g/t Au (outcrops, Photo 1) and 6.28 g/t Au (angular boulder, Photo 2).
    Gold mineralization is associated with disseminated to semi-massive arsenopyrite and is accompanied by highly anomalous cobalt (up to 0.22% Co), silver (up to 3.69 g/t Ag) and tellurium (up to 4.37 g/t Te).

  • Another area 4 km to the east displays high background gold values (up to 0.9 g/t Au) with anomalous bismuth (up to 217 g/t Bi) and molybdenum (up to 0.106% Mo).

  • Several angular boulders with chalcopyrite in the northeastern part of the Property were also sampled. The best result is 2.95% Cu, 0.22 g/t Au, 7.58 g/t Te and 1.68 g/t Ag (2017 sample Y102671) in a foliated intrusive rock (Photo 3).

  • The Pikwa project was generated in 2016 by Azimut's predictive mineral potential modelling covering the James Bay region over 176,300 km2. There were no known showings on the Property prior to the current exploration initiative.

  • The Strategic Alliance with SOQUEM allows Azimut to acquire a royalty portfolio from the ongoing projects without incurring exploration costs.


The Pikwa Property (435 claims, 223 km2) is located 303 kilometres east of the Cree community of Wemindji, in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The Trans-Taiga Road, an east-west gravel highway through the region, passes about 3 kilometres north of the Property. Pikwa has been the subject of a 100% partner-funded exploration program with Azimut as the operator.


The 2018 prospecting work yielded 307 grab samples and 24 till samples. Results are still pending for all till samples. This follows a detailed lake-bottom sediment geochemistry survey conducted in 2016 on the Property (211 samples), as well as an initial prospecting phase in 2017 (232 rock samples) that produced encouraging results (see press release of June 6, 2018).


Grab samples collected during prospecting are selective by nature and unlikely to represent average grades.


SOQUEM has selected six properties under the terms of the Strategic Alliance for a total of 2,059 claims (1,061 km2):  Pikwa (435 claims), Munischiwan (167 claims), Pontois (348 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are also the subject of preliminary field reconnaissance programs under the Strategic Alliance: Corvet (72 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


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


SOQUEM, a subsidiary of Ressources Québec, is a leading investor in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,541 claims or 2,361 km2).


www.azimut-exploration.com


 


SOURCE Azimut Exploration Inc.



View original content: http://www.newswire.ca/en/releases/archive/November2018/06/c4795.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.comCopyright CNW Group 2018

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8020Admin

9 months

8020Admin posted a press release Azimut and SOQUEM make a major Gold-Silver-Copper Discovery on the Munischiwan Property, James Bay region in AZIMUT EXPLORATION INC.


Canada NewsWire





Symbol: AZM.TSX Venture


LONGUEUIL, QC, Oct. 25, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report it has discovered a major gold-copper-silver prospect on the Munischiwan Property, which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1).


HIGHLIGHTS



  • The mineralized area is 600 metres long by 100 to 150 metres wide (the "Maschakw Prospect"), open in all directions, dipping about 30° east. Grab samples from outcrops returned the following grades (see Figure 2 and Photos 1 to 3):

    11.0 g/t Au, 435.0 g/t Ag, 0.38% Cu
    5.89 g/t Au, 13.5 g/t Ag, 0.05% Cu
    4.48 g/t Au, 55.2 g/t Ag, 1.67% Cu
    4.14 g/t Au, 37.4 g/t Ag, 1.40% Cu
    3.34 g/t Au, 5.84 g/t Ag, 0.18% Cu
    3.02 g/t Au, 35.3 g/t Ag, 1.29% Cu
    2.24 g/t Au, 28.6 g/t Ag, 0.76% Cu
    2.01 g/t Au, 32.1 g/t Ag, 0.36% Cu
    1.95 g/t Au, 29.6 g/t Ag, 1.26% Cu
    1.53 g/t Au, 67.2 g/t Ag, 0.90% Cu


  • Mineralization is mostly composed of disseminated chalcopyrite, or quartz veins and veinlets, hosted in foliated metasediments with strong biotite alteration;

  • The next step will consist of a ground geophysical survey this winter to define drilling targets;

  • The discovery is the direct outcome of Azimut's predictive mineral potential modelling in 2016 over the James Bay region, covering 176,300 square kilometres;

  • The Strategic Alliance will allow Azimut to acquire a royalty portfolio from the ongoing projects without incurring exploration costs.


The Munischiwan Property (167 claims, 87.5 km2) is located about 85 kilometres east of the Cree community of Eastmain, in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The exploration program is funded by SOQUEM with Azimut as operator.


The 2018 prospecting work yielded 355 grab samples. Results are still pending for 105 of the samples. This follows 838 line-kilometres of heliborne magnetic and VTEM electromagnetic surveying and an early reconnaissance prospecting phase in 2017, which returned encouraging results (see press releases of November 2, 2017 and June 6, 2018).


The Au-Ag-Cu mineralized area is hosted in foliated metasediments with hematized quartz veining and biotite alteration. The chalcopyrite-bearing zone, dipping 30o east, is open along strike and laterally. Prospecting also returned anomalous values in molybdenum (up to 0.31% Mo), tellurium (up to 7.19 g/t Te) and tungsten (peak value >1% W).


The mineralized area may extend 600 metres further south with the discovery of an additional showing that returned 2.42 g/t Au, 33.3 g/t Ag and 0.10% Cu, thus delineating a minimum prospective strike of 1,200 metres.


Two other copper prospects that correlate well with strong electromagnetic conductors have been identified and warrant additional work. One prospect is located 3 kilometres southeast of the Maschakw Prospect and returned up to 2.53% Cu in grab samples from outcrops (Photo 4).


Grab samples are selective by nature and unlikely to represent average grades.


The projects selected by SOQUEM under the terms of the Strategic Alliance now comprise six properties totalling 2,059 claims (1,061 km2), including Munischiwan (167 claims), Pikwa (435 claims), Pontois (348 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are also subject to preliminary field reconnaissance programs under the Alliance: Corvet (72 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


The field program was placed under the direction of François Bissonnette, Operations Manager for Azimut, and Dr. Martin Tuchscherer, Chief Geologist for Azimut. This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. Targeting uses a pioneering proprietary approach to Big Data analytics enhanced by extensive exploration know-how. The Company maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,541 claims or 2,361 km2).


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/October2018/25/c4201.html

Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.com   Copyright CNW Group 2018

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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 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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2 hours

8020Admin posted a press release Azimut Cuts 9.52 g/t Au over 7.1 m on the Elmer Property, James Bay Region, Quebec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, July 16, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report excellent initial results from the 2019 exploration program on the Company's wholly-owned Elmer Property (the "Property"). Channel sampling on the Patwon Prospect confirms the strong exploration potential for a high-grade gold system on the Property.


The remainder of the 2019 work program will be adjusted according to the pending results of this first phase.


HIGHLIGHTS (see Figures 1 to 4)



  • 292 channel samples were collected for a total length of 278.65 metres, as well as 172 rock grab samples. Most analytical results are pending.

  • Channels in the immediate vicinity of a high-grade grab sample collected in late 2018 (54.6 g/t Au; see press release of November 20, 2018) yielded the following results:


    • 22.1 g/t Au over 2.95 m (channel CH-09; open)

    • 36.3 g/t Au over 2.0 m (channel CH-10; open)

    • 9.52 g/t Au over 7.1 m (channel CH-11; open)


  • Mineralized facies correspond to a centimetric to decametric network of quartz veins with strongly chloritized and carbonatized wall rocks containing 1% to 10% disseminated pyrite. A mafic intrusion cut by quartz feldspar porphyry dykes constitute the main host rocks.

  • The outcropping Patwon Prospect, currently exposed over an area of about 150 metres by 100 metres, is open in most directions. A preliminary field assessment and initial analytical results point toward a sizeable target. The orientation of the mineralized envelope and true mineralized widths have not yet been determined.

  • The Patwon Prospect is part of a newly interpreted 7-kilometre-long high-grade trend that includes four other prospects: East Zone, Patwon East, Gold Zone and Gabbro Zone (see Figure 2).


The Elmer Property comprises 247 claims covering 130 km2 over a 22-kilometre strike length. It 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 James Bay region benefits from quality infrastructure that includes major access roads, a hydro-power grid and airport infrastructure.


Azimut has identified and ranked 21 underexplored targets on Elmer since acquiring the Property by map designation in 2018 (see press releases of September 13, 2018 and June 13, 2019).


The current exploration program was made possible through funding from five of Quebec's financial institutions: CDPQ Sodemex Inc., Fonds de solidarité FTQ, SIDEX, Société de développement de la Baie James and Capital croissance PME II (see press release of December 21, 2018).


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 53.3 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.


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/July2019/16/c4711.html



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

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8020Admin

8 days

8020Admin posted a press release Azimut Conducts Predictive Modelling for Copper Over the James Bay Region and Acquires Four Quality Projects in AZIMUT EXPLORATION INC.


Symbol: AZM.TSX Venture

LONGUEUIL, QC, July 08, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce it has recently completed regional predictive modelling for copper over the James Bay region of Quebec using the Company's AZtechMineTM expert system. Several large but underexplored copper targets have since been acquired by map designation. Some of the copper targets combine gold or nickel-cobalt potential.


Azimut has a long-standing track record of successful mineral potential modelling using big data analytics, subsequently validated by field discoveries. The Company holds the largest mineral exploration portfolio in Quebec and, through strong partnerships, is one of the leading explorers in the James Bay and Nunavik regions.


James Bay is one of the most active regions for mineral exploration in Canada and benefits from quality infrastructure that includes major access roads, a hydro-power grid and airports (see Figures 1 and 2).


Predictive Modelling for Copper


Over the past six months, Azimut has conducted copper modelling using public government data and the Company's proprietary data, covering a surface area of 176,300 km2. The numerical processing parameters included geochemical (multi-element lake-bottom sediment) and geophysical (magnetism, gravity) data. Further ranking used geological and structural data and past exploration work. The modelling and target generation focused on the following deposit types: Copper-gold intrusion-related, iron oxide copper gold (IOCG) and copper-nickel-cobalt.


Azimut's management is of the opinion that the exploration level for copper is still at a very early stage in the James Bay region. The Company has now acquired a substantial number of the significant copper targets it identified.


Copper Property Portfolio


The Company's copper property portfolio includes four new or already owned but significantly expanded properties: Kukamas, Masta 2–Corvet, Corne and Mercator. The Kaanaayaa property (see press release of March 28, 2019) is also part of this regional position for copper. These five properties, wholly owned by Azimut, comprise 1,619 claims (834 km2). Most of the properties have been subject to limited historical exploration work.


From west to east, the properties are described as follows:


Kukamas (361 claims, 183 km2): Copper-gold property with a 36-km strike, located within the volcano-plutonic La Grande Subprovince, about 7 km north of the boundary with the metasedimentary Opinaca Subprovince. Geology is marked by sheared metasediments including iron formation and metavolcanics surrounding granitic intrusions. The property displays strong copper-arsenic-antimony geochemical anomalies in lake-bottom sediments ("LBS"). The property hosts several gold and copper prospects (up to 1.21 g/t Au and up to 20.7% Cu).


Masta 2–Corvet (340 claims, 175 km2): Copper-gold property with a 34-km strike, comprising the Masta-2 and Corvet claim blocks. This project straddles the La Grande–Opinaca boundary. Geological context is characterized by sheared metasediments, amphibolite, paragneiss and small granitic intrusions. A strong LBS arsenic-copper-bismuth-antimony footprint is spatially associated with the subprovince structural boundary. The property hosts several copper and gold prospects (up to 3.14% Cu and up to 1.83 g/t Au).


Kaanaayaa (390 claims, 200.5 km2): Copper-gold and copper-nickel property measuring 21 km long by 15 km wide, located within the La Grande Subprovince just north of the Opinaca boundary. Geology is marked by metasediments and mafic to intermediate volcanics crosscut by several small granitic intrusions. A multi-kilometre fold may control the location of some of these intrusions. The project also covers a strong LBS bismuth-silver-molybdenum-copper-tungsten footprint, as well as nickel-cobalt anomalies.


Corne (177 claims, 93.6 km2): Copper-gold property with a 17-km strike covering a well-marked copper-bismuth-arsenic LBS anomaly. The project is located within the metasedimentary Opinaca Subprovince, close to the Opatica boundary. The property has seen very limited exploration. A small copper-molybdenum-silver intrusion-related deposit is located about 20 km to the northwest (MacLeod, Pointe Richard).


Mercator (351 claims, 182 km2): Copper and copper-nickel-cobalt property measuring 22 km long by 16 km wide, located within the Opinaca Subprovince at the edge of the Ashuanipi Subprovince. The project displays strong geochemical signatures in LBS including copper, bismuth and molybdenum, as well as, more locally, nickel and cobalt. This area has no record of past exploration.


Azimut intends to rapidly validate the potential of these properties through a well-established exploration protocol, including detailed LBS sampling, airborne geophysics, follow-up prospecting and drilling.


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


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 53.3 million shares outstanding.


Azimut's edge against exploration risk is founded on systematic regional 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/July2019/08/c7215.html



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

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8020Admin

19 days

8020Admin posted a press release Azimut and SOQUEM Resume Exploration on the Munischiwan Property (Au, Ag, Cu), James Bay Region, Quebec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, June 27, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce it has started the 2019 exploration program on the Munischiwan Property (the "Property") in the James Bay region of Quebec (see Figure 1). This phase of work mainly consists of detailed surface sampling on the InSight Discovery to prepare for the first diamond drilling program later this year.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), under a Strategic Alliance covering the James Bay region. Major new developments of the alliance were disclosed in the Company's press release of May 15, 2019.


The InSight Discovery is currently defined as a 600-metre by 150-metre envelope based on outcropping mineralization. Grab samples yielded up to 100.5 g/t Au, 435 g/t Ag, 156 g/t Te and 1.67% Cu. Grab samples are selective by nature and unlikely to represent average grades. Mineralization is mostly composed of disseminated chalcopyrite, quartz veins and quartz veinlets hosted in foliated metasediments with strong biotite alteration (see press releases of October 25, 2018 and December 5, 2018) (see Figure 2).


The results of an induced polarization ("IP") survey recently completed over this area (see press release of April 30, 2019) indicate a 300-metre by at least 1,000-metre coincident IP anomaly striking NNW-SSE (the "InSight Target Zone"). Other IP anomalies, subparallel to and/or on strike with the InSight discovery, constitute highly prospective targets within a trend at least 3 kilometres long by 1 kilometre wide.


Other prospects discovered during the 2018 prospecting program, including the Soga Prospect (up to 2.53% Cu, 9.0 g/t Ag in grab samples) hosted in mafic intrusives, will be subject to additional work.


The Property (167 claims, 87.5 km2) is located about 85 kilometres east of the Cree community of Eastmain in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. Azimut is the operator of the current program.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a proprietary pioneering approach to big data analytics (the AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. Azimut's edge against exploration risk is founded on systematic regional 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/June2019/27/c2981.html

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

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8020Admin

1 month

8020Admin posted a press release Azimut Commences Exploration on the Elmer and Duxbury Gold Properties in the James Bay Region, Quebec in AZIMUT EXPLORATION INC.


Canada NewsWire




 

 Symbol: AZM.TSX Venture

LONGUEUIL, QC, June 13, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the start of an exploration program on its wholly-owned Elmer and Duxbury properties following the Company's comprehensive assessment phase. The properties provide continuous coverage over a 35-kilometre segment of an underexplored greenstone belt that is considered highly prospective for intrusion-related and shear-related gold deposits. Encouraging preliminary prospecting results, including 77.8 g/t Au, 60.4 g/t Au, 54.6 g/t Au and 8.56 g/t Au in grab samples, have already been reported (see press release of November 20, 2018).


Access to the Elmer and Duxbury properties is afforded by the quality infrastructure of the James Bay region of Quebec, one of the most active regions for gold exploration in Canada. Azimut is one of the leading exploration companies operating in Quebec.


HIGHLIGHTS (see Figures 1 to 4)



  • Recently completed compilation and reprocessing of the historical database confirms the potential of the highly prospective Archean greenstone belt, only sporadically explored thus far. On the Elmer Property, 13 gold (silver, copper, zinc) prospects, mostly high-grade, are located within an ENE-WSW corridor 12 km long by up to 3 km wide. Reconnaissance prospecting on the Duxbury Property confirms the strike continuity of this trend.

  • The geology is dominated by felsic volcanics, andesite, diorite, basalt, gabbro, and porphyry dykes. Alteration is characterized by sericitization in the felsic volcanics and porphyry dykes, and chloritization and carbonatization in the mafic lithologies (gabbros, diorite, basalts). At the scale of the Elmer Property, there is a strong association between gold and sericitized porphyry dykes. As previously reported (see press release of September 13, 2018), Azimut considers this context to be comparable to the geological environment of the Windfall gold deposit in the Abitibi region (Osisko Mining Inc.).

  • On the Elmer Property, 21 areas of interest have been identified that warrant significant sampling. Ten are ranked as priority 1, five as priority 2, and six as priority 3. Ranking criteria include geological, structural, geophysical and mineralization factors. The current field program will advance the property to the drilling stage.


The Elmer Property comprises 233 claims covering 123 km2 and is located 285 kilometres north of Matagami, 60 kilometres east of the municipality of Eastmain, and 40 kilometres west of the James Bay Road, a major paved highway. The adjacent Duxbury Property comprises 184 claims covering 97 km2.


The current field program is expected to lead to significant revisions of the geological map and mineral potential for the area. 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 proprietary pioneering approach to big data analytics (the AZtechMineTM expert system), enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


Azimut holds the largest mineral exploration portfolio in Quebec. Azimut'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 gold properties in the James Bay region and three 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/June2019/13/c8332.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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8020Admin

2 months

8020Admin posted a press release Azimut and SOQUEM Sign Final Strategic Alliance Agreement in AZIMUT EXPLORATION INC.


LONGUEUIL, QC and VAL-D'OR, QC, May 15, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) and SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, are pleased to announce the signing of the final agreement of their expanded Strategic Alliance (the "Alliance"), following the execution of a letter agreement previously announced on February 25, 2019.


The Alliance comprises nine (9) gold and copper-gold major properties totalling 7,149 claims with a surface area of 3,277 square kilometres. The properties are located in the prospective Eeyou Istchee James Bay ("James Bay") and Nunavik regions of Quebec. These regions are part of the Plan Nord strategy implemented by the Government of Quebec.


The Alliance represents a major change in the activity level of both companies and will combine their strengths, specifically Azimut's big data analytics expertise in mineral exploration and SOQUEM's mining exploration and development expertise. A key component of the Alliance will be the continued development of close ties with local communities in the Nunavik and James Bay regions. The Alliance builds on the technical success of the original James Bay strategic agreement in 2016.


HIGHLIGHTS OF THE TRANSACTION (see Figure 1)



  1. NUNAVIK: The agreement covers three major copper-gold properties (Rex-Duquet, Rex South and Nantais). The objective is to unlock the potential of known district-scale polymetallic targets.



  • First Option ($16 million for 50%): SOQUEM will have 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 and 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 such property) by investing $8 million per designated property over a period of two (2) years and delivering a preliminary economic assessment ("PEA").

  • Azimut will be the operator of the Alliance.

  • JAMES BAY: Amendments to the existing agreement relate to six gold properties explored under the Alliance since 2016.



  • Azimut has a back-in option to regain a 50% interest in four (4) properties (Munischiwan, Pikwa, Pontois and Desceliers) by conducting a total investment of $3.31 million in exploration work over a period of three (3) years, representing the same amount initially invested by SOQUEM.

  • Azimut remains operator during this earn-in option period, which will be transferred to SOQUEM thereafter.

  • Azimut and SOQUEM each retain a 50% interest in the Galinée and Dalmas properties. Azimut will remain operator on these projects.

  • SOQUEM relinquishes its exclusive rights to acquire an interest in other properties wholly owned by Azimut (Duxbury, Kukamas East, Corvet and Synclinal).

  • The agreement also sets out the conditions for additional predictive modelling elsewhere in Quebec.


HIGHLIGHTS OF THE PROPERTIES (see Figures 2 to 6)



  1. REX-DUQUET (Au, Ag, Cu, REE), Nunavik



  • 1,869 claims covering 798 square kilometres

  • Three main claim blocks with a total strike length of 81 kilometres

  • Target types: Iron Oxide Copper Gold systems ("IOCG"); shear zones; gold-rich volcanogenic massive sulphides ("VMS")

  • Key results:


    • Discovery of two outcropping kilometre-scale IOCG systems: RBL and CM zones

    • Discovery of a 30-kilometre sheared corridor with numerous outcropping high-grade prospects (up to 580 g/t Au, 552.9 g/t Ag, 10.4 % Cu from grab samples)


  • Planned 2019 program: 3,500 line-kilometre heliborne electromagnetic-magnetic survey; focused prospecting; till sampling; drill target ranking

  • REX SOUTH (Au, Ag, Cu, Te, W, Sn, Ni), Nunavik



  • 2,361 claims covering 1,028 square kilometres

  • Two blocks of claims with a total strike length of 70 kilometres

  • Target types: IOCG; intrusion-related; sediment-hosted; shear zones; magmatic Ni-Cu

  • Key results:


    • Discovery of three outcropping IOCG systems: Jemima, Impact and Sombrero zones

    • Discovery of a 15 kilometre by 5 kilometre intrusion-related gold-polymetallic system hosting several kilometre-scale outcropping zones (Copperton, Augossan, Anorthosite, Pegor, Ferrus, Le Breuil and Dragon)

    • Best grades include 23.3 g/t Au, 124 g/t Ag, 9.28% Cu, 102.5 g/t Te, 4.62% W and 2.58% Sn from grab samples

    • The cumulative length for the identified targets is 60 kilometres


  • Planned 2019 program: 4,600 line-kilometre heliborne electromagnetic-magnetic survey; focused prospecting; till sampling; drill target ranking

  • NANTAIS (Au, Ag, Cu, Zn), Nunavik



  • 541 claims covering 226 square kilometres

  • Property covers 31 kilometres of an underexplored greenstone belt

  • Target types: Gold-rich VMS; shear zones

  • Key results:


    • Discovery of a 3 kilometre by 200 metre outcropping mineralized corridor

    • Definition of robust targets with a cumulative length of 18 kilometres following a heliborne electromagnetic-magnetic survey in 2014 and a remote sensing study in 2018


  • Planned 2019 program: Focused prospecting; till sampling; drill target ranking

  • MUNISCHIWAN (Au, Ag, Cu), James Bay



  • 167 claims covering 87 square kilometres

  • Target types: Intrusion-related; shear zones

  • Key results:


    • Discovery of the InSight Prospect: 600 metre by 150 metre mineralized zone with grades up to 100.5 g/t Au, 435 g/t Ag, 105 g/t Te and 1.67% Cu from grab samples

    • Potential kilometre-scale extensions and other nearby targets based on induced polarization anomalies (spring 2019 survey)


  • Planned 2019 program: Focused prospecting; core drilling (at least 1,200 metres)

  • PIKWA (Au, Cu), James Bay



  • 703 claims covering 360 square kilometres

  • Target types: Intrusion-related; shear zones

  • Key results:


    • Discovery of the Hyperion Prospect (up to 7.17 g/t Au in grab samples from outcrops) within a well defined 10.5-kilometre-long electromagnetic, magnetic and geochemical footprint

    • Discovery of the Copperfield Prospect (up to 2.95% Cu in grab samples from angular boulders) located within a well-defined 20-kilometre-long magnetic, electromagnetic and geochemical footprint on strike with the adjacent Mythril discovery (Midland Exploration Inc.)


  • Planned 2019 program: Focused prospecting; stripping; ground geophysics and/or soil geochemistry; core drilling

  • PONTOIS (Au), James Bay



  • 399 claims covering 203 square kilometres

  • Target type: Shear zones

  • Key results:


    • Discovery of the Black Hole Prospect (up to 6.02 g/t Au in grab samples from outcrops)


  • Planned 2019 program: Focused prospecting

  • DESCELIERS (Au, Cu, REE, Ni), James Bay



  • 363 claims covering 188 square kilometres

  • Target types: IOCG; magmatic Ni-Cu

  • Key results:


    • Definition of robust targets following an in-fill lake bottom sediment survey in 2016 and a heliborne magnetic-electromagnetic survey in 2018


  • Planned 2019 program: Focused prospecting

  • GALINÉE (Au), James Bay



  • 658 claims covering 339 square kilometres

  • Target types: Shear zones; intrusion-related

  • Key results:


    • Discovery of a 130 metre by 30 metre outcropping gold-bearing zone (up to 2.17 g/t Au from grabs), and a gold-bearing trend in till with the best sample yielding 52 delicate gold grains


  • Planned 2019 program: Focused prospecting; stripping; soil geochemistry; till sampling

  • DALMAS (Au), James Bay



  • 88 claims covering 45 square kilometres

  • Target type: Shear zones

  • Key results:


    • 3-kilometre trend of anomalous gold, arsenic and copper in grab samples


  • Planned 2019 program: Prospecting; till sampling


Azimut has previously disclosed the above property highlights in press releases. Grab samples are selective by nature and unlikely to represent average grades.


The Alliance transaction remains subject to regulatory approvals by the TSX Venture Exchange.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 proprietary pioneering approach to big data analytics (the AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


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



  • Elmer (Au, Ag, Cu, Zn): 100% Azimut

  • Duxbury (Au): 100% Azimut

  • Kaanaayaa (Au, Cu): 100% Azimut

  • Eleonore South (Au): Azimut–Newmont Goldcorp–Eastmain

  • Wabamisk (Au): Azimut–Newmont Goldcorp

  • Opinaca B (Au): Azimut–Hecla Mining–Everton


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/May2019/15/c5781.html



Azimut Exploration Inc., Jean-Marc Lulin, P.Geo., President and CEO, Tel.: (450) 646-3015, info@azimut-exploration.com, www.azimut-exploration.com; SOQUEM Inc., Michel Gilbert, P.Eng., Acting President and General Manager, Tel.: (819) 874-3773, michel.gilbert@soquem.qc.ca

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8020Admin

3 months

8020Admin posted a press release Azimut and SOQUEM Identify Induced Polarization Anomalies over the InSight Au-Ag-Cu Discovery, Munischiwan Property, James Bay in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, April 30, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the preliminary results of an induced polarization ("IP") ground geophysical survey over the InSight discovery (Au-Ag-Cu) on the Munischiwan Property (the "Property") in the James Bay region of Quebec (see Figure 1). The next exploration phase will start in June 2019 and will consist of detailed prospecting followed by diamond drilling.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, under a Strategic Alliance covering the James Bay region. Major new developments of the alliance were disclosed in the Company's press release of February 25, 2019.


The InSight discovery is currently defined as a 150-metre by 600-metre envelope based on outcropping mineralization. Grab samples yielded up to 100.5 g/t Au, 435 g/t Ag, 156 g/t Te and 1.67% Cu. The new geophysical data significantly extend the potential of this prospect.


HIGHLIGHT (see Figures 2 and 3)



  • The InSight discovery is characterized by a 300-metre by at least 1,000-metre coincident IP anomaly striking NNW-SSE (the "InSight Target Zone").

  • Other IP anomalies, subparallel to and/or on strike with the InSight discovery, constitute highly prospective targets within a 1-kilometre by at least 3-kilometre trend.

  • Heliborne magnetic data (Geotech 2017) show a good spatial correlation with the IP anomalies, thereby strengthening the target definition.


The discovery of the InSight prospect is the direct outcome of the Company's predictive modelling using the AZtechMineTM expert system over the James Bay region. The prospect has been described in the press releases of October 25, 2018, December 5, 2018 and March 25, 2019. Mineralization is mostly composed of disseminated chalcopyrite, quartz veins and quartz veinlets hosted in foliated metasediments with strong biotite alteration. Grab samples are selective by nature and unlikely to represent average grades.


Geosig Inc. of Quebec City (Quebec) conducted the geophysical survey over the InSight discovery and its potential extensions on a grid about 3.1 kilometres long by 2 kilometres wide with 100-metre line spacing. The IP survey totalled 70-line-km and used a pole-dipole array with readings every 25 metres (n=1 to 8).


The Munischiwan Property (167 claims, 87.5 km2) is located about 85 kilometres east of the Cree community of Eastmain in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The current work phase is funded by SOQUEM with Azimut as the operator.


The Company is planning substantial programs in 2019 (alone or with partners) on nine of its other properties in the James Bay region:



  • Pikwa (Au, Cu): Azimut-SOQUEM

  • Pontois (Au): Azimut-SOQUEM

  • Desceliers (Au, Cu): Azimut-SOQUEM

  • Galinée (Au): Azimut-SOQUEM

  • Dalmas (Au): Azimut-SOQUEM

  • Eleonore South (Au): Azimut-Newmont-Goldcorp-Eastmain

  • Elmer (Au, Ag, Cu, Zn): 100% Azimut

  • Duxbury (Au): 100% Azimut

  • Kaanaayaa (Au, Cu): 100% Azimut


This press release was prepared by Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101. Joël Simard, P.Geo., senior consulting geophysicist for Azimut, has processed and interpreted the preliminary data of the IP survey and reviewed the content of this release.


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a proprietary pioneering approach to big data analytics (AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


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/April2019/30/c3135.html



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

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8020Admin

3 months

8020Admin posted a press release Azimut and SOQUEM identify Strong Electromagnetic Conductors on the Pikwa Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, April 15, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce encouraging preliminary results from a 2,234-line-kilometre electromagnetic (VTEMTM Plus) and magnetic heliborne survey covering a major gold-polymetallic target on the Pikwa Property (the "Property") in the James Bay region of Quebec (see Figure 1).


A well-defined 10.5-kilometre-long corridor of strong electromagnetic ("EM") conductors hosts the Hyperion Prospect (up to 7.17 g/t Au). Other conductors are on strike with the Copperfield Prospect (up to 2.95% Cu), as well as the adjacent polymetallic Mythril Discovery of Midland Exploration Inc. (TSXV: MD).


The upcoming 2019 exploration phase will consist of focussed prospecting and mechanized stripping, a soil geochemical survey, ground geophysics and likely diamond drilling.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, under a Strategic Alliance covering the James Bay region. Previous results from the Property were released on November 6 and 27, 2018 and on March 20, 2019. Major developments of the Strategic Alliance were disclosed in the Company's press release of February 25, 2019.


HIGHLIGHTS (see Figures 2 to 7)



  • Strong EM conductors, with a cumulative length of about 7.4 kilometres, correlate well with linear magnetic highs along two main directions (E-W and WSW-ENE). Most of the conductors defined at this time are subcropping with probable subvertical dips.

  • The Hyperion Prospect occurs within a well-defined 10.5-kilometre-long E-W corridor of combined EM conductors and magnetic highs. The prospect is characterized by high concentrations of arsenopyrite in gold-bearing rocks.

  • The Copperfield Prospect occurs within a separate 20-kilometre-long WSW-ENE linear magnetic high that also encompasses several EM conductors. This same trend hosts the Mythril Discovery, a 2-kilometre-long mineralized zone immediately east of the Property, which appears to be coincident with strong soil geochemistry and induced polarization anomalies based on publicly released information.

  • In a geochemical context, EM conductors occur within a strong property-scale polymetallic (Cu-Mo-Ag-Bi-W) footprint in lake-bottom sediments, which is particularly pronounced for copper and bismuth.

  • In a geological context, EM conductors are present along the boundary of a large tonalitic intrusion and metavolcanics, and close to small granitic intrusions hosted in metavolcanics or metasediments; this environment is recognized as prospective for intrusion-related mineralization.


Geotech Ltd of Aurora, Ontario was contracted to carry out the VTEMTM Plus and magnetic survey, which totalled 2,234-line-kilometres on the Property and a portion of its immediate surroundings. Line spacing was 200 metres (2,117 line-km) except where a tighter spacing of 100 metres (117 line-km) was locally used to infill specific areas of interest.


The Property was acquired in 2016 as a follow-up of Azimut's regional predictive modelling covering 176,300 square kilometres of the James Bay region. The Property (701 claims, 359.4 km2) is 40 kilometres long by 17 kilometres wide and provides a controlling position over a major polymetallic target. It is located 303 kilometres east of the Cree community of Wemindji in an area serviced by excellent infrastructure, including permanent roads, power grids and airport facilities. The Trans-Taiga Road, an east-west gravel highway through the region, crosses the Property.


The current work phase is 100% partner-funded with Azimut as the operator. This press release was prepared by Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101. Joël Simard, P.Geo., senior consulting geophysicist for Azimut, has interpreted the preliminary data of the survey and revised the content of this release.


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 proprietary pioneering approach to big data analytics (AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53.3 million shares outstanding.


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/April2019/15/c5303.html

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

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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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8020Admin

4 months

8020Admin posted a press release Azimut acquires the Kaanaayaa Gold-Copper Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, March 28, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce it recently acquired the Kaanaayaa Property (the "Project") to cover an excellent gold-copper exploration target in the James Bay region of Quebec (see Figure 1). This wholly owned Project is about 10 km southeast of the Pikwa Property (Azimut-SOQUEM). Azimut will undertake a detailed lake-bottom sediment geochemical survey over the Project, followed by a prospecting phase.


The Project comprises 390 claims (200.5 km2) acquired by map designation. It has the following notable features (see Figures 2 to 5):



  • Strong regional-scale geochemical footprint in lake-bottom sediments, combining bismuth, silver, copper, molybdenum and tungsten; this footprint is comparable to the signature over gold and polymetallic prospects on the Pikwa Property (see press release of March 20, 2019).

  • Favourable geology characterized by metasedimentary and mafic to intermediate volcanic formations crosscut by several small granitic intrusions; the fertile nature of these intrusions for mineralization may be revealed by the polymetallic footprint present on the Project.

  • Favourable structural context with a kilometre-scale Z-fold that may have acted as a trap for mineralization.


Past exploration on the Project is very limited. An adjacent property, jointly held by Osisko Baie James and Goldcorp Inc., hosts several significant gold prospects about 5 km southwest of the Project, notably the Marco Prospect (1.07 g/t Au over 27.0 m and 10.1 g/t Au over 5.2 m) and the Contact West Zone (11.82 g/t Au over 4.7 m).


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


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a proprietary pioneering approach to big data analytics (the AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53 million shares outstanding.


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/March2019/28/c3839.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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8020Admin

4 months

8020Admin posted a press release Azimut and SOQUEM cover the InSight Discovery (Au-Ag-Cu) with a Ground Geophysical Survey, Munischiwan Property, James Bay region in AZIMUT EXPLORATION INC.


LONGUEUIL, QC, March 25, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that a 70-line-kilometre magnetic and induced polarization ground geophysical survey is in progress to further assess the InSight discovery (Au-Ag-Cu) on the Munischiwan Property (the "Property") in the James Bay region of Quebec (see Figure 1). The results will help define the next exploration phase on the Property which will consist of detailed prospecting and diamond drilling.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, under a Strategic Alliance covering the James Bay region. Major new developments of the Strategic Alliance were disclosed in the Company's press release of February 25, 2019.


The InSight surface discovery is a direct outcome of the Company's predictive modelling using the AZtechMineTM expert system over the James Bay region. InSight displays the following salient features (see press releases of October 25 and December 5, 2018):



  • An outcropping mineralized zone 600 metres long by 100 to 150 metres wide, open in all directions, dipping about 30° east.

  • Best results up to 100.5 g/t Au, 435.0 g/t Ag, 156.0 g/t Te and 1.67 % Cu from grab samples (see Figure 2). Grab samples are selective by nature and unlikely to represent average grades.

  • An additional gold showing 600 metres to the south (2.42 g/t Au) may represent the extension of the main mineralized zone, bringing the minimum prospective strike to 1,200 metres.

  • Mineralization mostly composed of disseminated chalcopyrite, quartz veins and quartz veinlets hosted in foliated metasediments with strong biotite alteration.


Geosig Inc. of Quebec City, Quebec, is conducting the geophysical survey over the InSight discovery and its potential extensions on a grid about 3.1 kilometres long by 2 kilometres wide with 100-metre line spacing. The induced polarization survey uses a pole-dipole array with readings every 25 metres (n=1 to 8).


The Munischiwan Property (167 claims, 87.5 km2) is located about 85 kilometres east of the Cree community of Eastmain in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The current work phase is 100% partner-funded with Azimut as the operator.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a proprietary pioneering approach to big data analytics (AZtechMineTM expert system) enhanced by comprehensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53 million shares outstanding.


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/March2019/25/c6779.html

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

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8020Admin

4 months

8020Admin posted a press release Azimut and SOQUEM cover the Gold-Polymetallic Pikwa Property with a Heliborne Geophysical Survey, James Bay region, Quebec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, March 20, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that a 2,100-line-kilometre electromagnetic (VTEMTM Plus) and magnetic heliborne survey is in progress to cover a major gold-polymetallic target on the Pikwa Property (the "Property") in the James Bay region of Quebec. The results will help define the next exploration phase on the Property.


The Property is jointly owned with SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, under a Strategic Alliance for the James Bay region. Major new developments of the Strategic Alliance were disclosed in the Company's press release of February 25, 2019.


The following features underscore the strong mineral potential of the Property (see Figures 1 to 3):



  • Two main prospects on the Property: Hyperion (up to 7.17 g/t Au, 0.23% Co in grab samples from outcrops) and Copperfield (up to 2.95% Cu, 0.22 g/t Au, 7.58 g/t Te in mineralized samples from boulders). Another area, 4 km east of Hyperion, displays high background gold values (up to 0.9 g/t Au) with anomalous bismuth (up to 217 g/t Bi) and molybdenum (up to 0.106% Mo) (see press release of November 6, 2018).

  • A 20-km-long target zone on the Property containing the prospects, defined mainly by a linear magnetic high, correlates well with a strong and extensive Cu-Mo-Ag-Bi-W geochemical footprint in lake-bottom sediments; Azimut identified this footprint by processing a database totaling 27,248 samples (MERN and Azimut sampling) collected at the scale of the James Bay region over 172,185 km2 (see press release of November 27, 2018).

  • A polymetallic mineralized zone on the adjacent Mythril property discovered by Midland Exploration Inc. (TSXV: MD); this 2-km-long zone has a Cu-Mo-Au-Ag-Bi metal assemblage that correlates well with the linear magnetic high on Pikwa and is directly on strike with the large-scale geochemical footprint extending across the Property.


Geotech Ltd of Aurora, Ontario is conducting the VTEMTM Plus time-domain electromagnetic and magnetic survey with 200-metre spaced lines covering the Property and a portion of its immediate surroundings (see Figure 4).


The Property (701 claims, 359.4 km2) is 40 km long by 17 km wide and provides a controlling position over a major polymetallic target. It is located 303 kilometres east of the Cree community of Wemindji in an area serviced by excellent infrastructure, including permanent roads, power grids and airport facilities. The Trans-Taiga Road, an east-west gravel highway through the region, crosses the Property. The current work phase is 100% partner-funded with Azimut as the operator.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 proprietary pioneering approach to big data analytics (AZtechMineTM expert system) enhanced by comprehensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec totalling 26 properties. Azimut maintains rigorous financial discipline and has 53 million shares outstanding.


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/March2019/20/c3942.html

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

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8020Admin

5 months

8020Admin posted a press release Azimut and SOQUEM expand their Strategic Alliance in Quebec in AZIMUT EXPLORATION INC.


LONGUEUIL,QC and VAL-D'OR, QC, Feb. 25, 2019 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) and SOQUEM Inc. ("SOQUEM"), a subsidiary of Ressources Québec, are pleased to announce the execution of a letter agreement concerning major developments in their strategic alliance in the Province of Quebec.


Highlights of the transaction (see figure)



  • New Strategic Alliance in Nunavik to advance three major copper-gold properties through substantial exploration programs.

  • Amendments to the existing Strategic Alliance in James Bay related to six gold properties explored by the Alliance since 2016.


This agreement follows the success achieved with the James Bay Alliance since 2016. The Azimut-SOQUEM partnership relies on a sound work base that includes new technologies, targeted management and the exploration of new territories. A key component to its success is the development of close ties with the local communities of Nunavik and James Bay-Eeyou Istchee.


The expanded alliance will combine Azimut's big data analytics expertise in mineral exploration and SOQUEM's mining development expertise in Quebec. This innovative approach will advance properties having the footprint of potential mineral districts in the Plan Nord region of Northern Quebec. This new alliance should add considerable value to the region's mineral potential and improve its attractiveness to the global mining industry. The letter agreement also sets out the conditions for additional predictive modelling elsewhere in Quebec.


1)   New Strategic Alliance in Nunavik


The principal terms of the new alliance in Nunavik are as follows:



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

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

  • Azimut will be the operator of the Alliance.


Azimut has defined district-scale copper-gold exploration targets on its Rex-Duquet, Rex South and Nantais properties where numerous gold and polymetallic prospects have been identified by the Company since 2010 (see press release dated January 16, 2018). The high-quality of these targets combined with Azimut's data coverage will allow these projects to quickly reach the drilling stage.


2)   Amendments to the Strategic Alliance in James Bay


SOQUEM and Azimut have acquired and reported substantial exploration results since the beginning of their alliance in the James Bay region of Quebec (see press release dated September 26, 2016). This includes the discovery of the InSight Prospect (Au-Ag-Cu) on the Munischiwan Property (see press releases dated October 25, 2018 and December 5, 2018), the discovery of the Hyperion Prospect (Au-Co-As) on the Pikwa Property (see press releases dated November 6 and 27, 2018), and other encouraging results on the Pontois and Galinée properties (see press releases dated November 8 and 13, 2018).


The amended terms of the existing strategic alliance in James Bay are as follows:



  • A 50% back-in option for Azimut that will come into effect once SOQUEM has earned a 100% interest in four (4) high-potential gold properties (Munischiwan, Pikwa, Pontois and Desceliers) pursuant to the terms of the existing strategic alliance. Specifically, Azimut will have the option to regain a 50% interest in the subject properties by conducting a total investment of $3.31 million in exploration work during a period of three (3) years, representing the same amount initially invested by SOQUEM under the existing strategic alliance.

  • Azimut will remain operator during this earn-in option period, which will be transferred to SOQUEM thereafter.

  • Azimut and SOQUEM will each retain a 50% interest in the Galinée and Dalmas properties. Azimut will remain operator on these projects.

  • SOQUEM will relinquish its exclusive rights to acquire an interest in other properties wholly owned by Azimut (Duxbury, Kukamas East, Corvet and Synclinal).


The transaction remains subject to regulatory approvals by the TSX Venture Exchange and the execution of definitive agreements between SOQUEM and Azimut.


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


About SOQUEM


SOQUEM, a subsidiary of Ressources Québec, has a mission to encourage 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 proprietary pioneering approach to big data analytics (AZtechMine expert system) enhanced by comprehensive exploration know-how. Azimut maintains rigorous financial discipline and has 53 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec totalling 29 properties comprising 7,448 claims or 3,660 km2. Since 2003, Azimut has built considerable targeting and operational experience throughout the vast James Bay and Nunavik regions.


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.


www.azimut-exploration.com


 


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2019/25/c8009.html

Contact and information : Azimut Exploration Inc., Jean-Marc Lulin, P.Geo., President and CEO, Tel.: (450) 646-3015, info@azimut-exploration.com ; SOQUEM Inc., Michel Gilbert, P.Eng., Acting President and General Manager, Tel.: (819) 874-3773, michel.gilbert@soquem.qc.ca 

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8020Admin

7 months

8020Admin posted a press release Azimut closes $1,149,500 private placement in AZIMUT EXPLORATION INC.


Canada NewsWire




Symbol: AZM.TSX Venture

LONGUEUIL, QCDec. 21, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or "the Company") (TSXV: AZM) is pleased to announce the closing of a private placement for $1,149,500 from five (5) Québec-based institutional funds:



  • Capital croissance PME II, l.p. (" CCPME ") ($149,500);

  • CDPQ Sodemex Inc. ($300,000);

  • Fonds de solidarité FTQ ($200,000);

  • SIDEX l.p. (" SIDEX ") ($250,000); and

  • Société de développement de la Baie James (" SDBJ ") ($250,000).


This private placement consisted of the issuance of 4,421,153 units, at a price of $0.26 per unit, for aggregate proceeds of $1,149,500. Each unit was comprised of one (1) common share of the Company and one-half (½) of one (1) share purchase warrant. Each whole warrant entitles its holder to subscribe for one (1) common share of the Company at a price of $0.35 over an 18-month period. The securities issued and issuable under this private placement are subject to a hold period of four months expiring on April 22, 2019. Management fees totalling $48,980, representing 4.26% of the private placement, have been paid in cash.


The warrants are subject to the terms of an acceleration clause. If at any time after four (4) month and one (1) day following the closing date, the closing price of the common shares of the Company on the TSX Venture Exchange is equal or greater than $0.50 for 15 consecutive trading days, the Company will have the right to notify the warrant holders of its intention to force the exercise of the warrants, and upon receipt of such notice, the warrant holders will have 30 days to exercise the warrants, failing which the warrants will automatically expire.


The placement is subject to the final approval by the TSX Venture Exchange.


The proceeds of the private placement will be used to conduct exploration work on the 100%-owned Elmer Property (Au-Ag-Cu-Zn) located in the James Bay region of Quebec, to carry out other exploration work, and for business development and general corporate purposes.


CCPME is a fund jointly set up by the Caisse de dépôt et placement du Québec ("la Caisse") and Capital régional et coopératif Desjardins ("CRCD") for the purpose of supporting the economic development of Québec businesses and encouraging their growth.


Through its CDPQ Sodémex mining portfolio, la Caisse contributes to the development of Québec's mining industry by acquiring interests in junior mining companies and mining producers active in Québec


The Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers into investments. As at May 31, 2018, the organization had $14.3 billion in net assets, and through its current portfolio of investments has helped create and protect 194,746 jobs. The Fonds is a partner in 2,839 companies and has 667,417 shareholder-savers.


Created in 2001, SIDEX is an initiative of the Québec government and the Fonds de solidarité FTQ whose mission is to invest in companies engaged in mineral exploration in Québec in order to diversify the province's mineral base. SIDEX promotes new entrepreneurs and innovation in exploration and has invested more than $90 million to date in mineral exploration companies and their projects in Québec.


The SDBJ has been created in 1971 by the James Bay Region Development Act. The SDBJ's mission is to promote the James Bay territory's economic development and the development and use of its natural resources, other than hydroelectric resources, which are Hydro-Québec's responsibility, from a sustainable development perspective. It can also generate, support and participate in projects for these purposes.


About Azimut Exploration


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. Targeting uses a pioneering proprietary approach to Big Data analytics (AZtechMine expert system) enhanced by extensive exploration know-how. The Company maintains rigorous financial discipline. It has 52.9 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec (29 properties, 7,414 claims), including one of the largest exploration portfolios in the James Bay region (22 properties covering 5,078 claims or 2,637 km2). 


www.azimut-exploration.com


SOURCE Azimut Exploration Inc.


View original content: http://www.newswire.ca/en/releases/archive/December2018/21/c4180.html

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

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8020Admin

7 months

8020Admin posted a press release Azimut and SOQUEM obtain New Results from the Munischiwan Property (Au, Ag, Cu), James Bay region, Quebec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture

LONGUEUIL, QC, Dec. 5, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report additional prospecting results from the Munischiwan Property, which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1). Best results include 100.5 g/t Au, 151.0 g/t Ag and 156.0 g/t Te from the InSight Prospect, formerly named Maschakw (see press release of October 25, 2018). The next step will be to carry out a ground-based geophysical survey (induced polarization) this winter over the surface discovery to define drilling targets.


Highlights are as follows:



  • Significant results from 28 grab samples from the InSight Prospect:
    100.5 g/t Au, 151.0 g/t Ag, 156.0 g/t Te, 0.14% Cu
    4.89 g/t Au, 196.0 g/t Ag, 0.30% Cu
    2.28 g/t Au, 4.65 g/t Ag, 0.29% Cu
    1.92 g/t Au, 38.4 g/t Ag, 14.3 g/t Te, 0.63% Cu
    1.86 g/t Au, 5.48 g/t Ag, 2.99 g/t Te
    1.64 g/t Au, 29.8 g/t Ag, 0.84% Cu
    1.35 g/t Au, 3.46 g/t Ag, 0.28% Cu


  • The Prospect is 600 metres long by 100 to 150 metres wide, open in all directions, dipping about 30° east (see Figure 2 and Photos 1 to 3). An additional gold showing 600 metres to the south (2.42 g/t Au) may represent the extension of the Prospect, bringing the minimum prospective strike to 1,200 metres.

  • Mineralization is mostly composed of disseminated chalcopyrite, quartz veins and quartz veinlets hosted in foliated metasediments with strong biotite alteration.

  • There were no known showings on the Property before the current exploration initiative.


The Munischiwan Property (167 claims, 87.5 km2), located about 85 kilometres east of the Cree community of Eastmain, is in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The exploration program is funded by SOQUEM with Azimut as operator. All assay results from the 355 grab samples collected during the 2018 prospecting campaign have now been received, which include the 28 additional samples from Insight. Grab samples are selective by nature and unlikely to represent average grades.


SOQUEM has selected six properties under the terms of the Strategic Alliance for a total of 2,376 claims (1,223 km2):  Munischiwan (167 claims) Pontois (399 claims), Pikwa (701 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are the subject of preliminary field reconnaissance programs under the Strategic Alliance: Corvet (80 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


These six properties, along with others, are the direct outcome of the Company's 2016 predictive mineral potential modelling of the James Bay region, covering 176,300 square kilometres. The methodology, based on Big Data analytics and the proprietary AZtechMine expert system, led to the definition and ranking of multiple prospective targets that represent less than 1.0% of the modelled region, resulting in highly focused exploration efforts.


The field program was placed under the direction of François Bissonnette, Operations Manager for Azimut, and Dr. Martin Tuchscherer, Chief Geologist for Azimut. This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Quebec. Its mission is to explore, discover and develop mining properties in Quebec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. Targeting uses a pioneering proprietary approach to Big Data analytics enhanced by extensive exploration know-how. The Company maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,767 claims or 2,476 km2).


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/December2018/05/c1042.html

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

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8020Admin

8 months

8020Admin posted a press release Strong potential of the Pikwa gold-polymetallic property highlighted by regional geochemical footprint in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture 


LONGUEUIL, QC, Nov. 27, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report on the strong potential of its gold-polymetallic Pikwa Property adjacent to the Mythril Property where Midland Exploration Inc. (TSXV: MD) has discovered a significant mineralized zone. The major target zone on the Pikwa Property is characterized by a regional arsenic-bismuth-copper anomaly in lake-bottom sediments and a 20-kilometre-long magnetic high where Azimut identified gold, copper, cobalt and molybdenum mineralization (see Figures 1 to 3 and press release of November 6, 2018). The results announced by Midland Exploration appear to be directly on strike with the Pikwa target zone.


The Pikwa Property was acquired in 2016 and is jointly owned with SOQUEM Inc. under a Strategic Alliance covering the James Bay region of Québec. The Strategic Alliance is based on the results of Azimut's predictive mineral potential modelling covering 176,300 square kilometres.


The project-scale geochemical footprint is characterized by the results of a regional lake-bottom sediment survey conducted by the government, followed by a property-wide survey (211 samples) carried out by Azimut and SOQUEM in 2016. Highlights are as follows:



  • Spatially correlated arsenic and bismuth anomalies identified by the regional survey, with peak values of 22 ppm As and 0.67 ppm Bi. Arsenic and bismuth are classical pathfinder elements for gold mineralization.

  • A 38-kilometre-long copper anomaly identified by the regional survey, now largely covered by the Property, with a peak value of 136 ppm Cu. The core of the anomaly correlates well with the As and Bi footprints.

  • Peak values obtained during the recent detailed property-wide survey were comparable to those of the regional survey and further defined the target zone.


Prospecting results obtained by Azimut correlate well with the As-Bi-Cu lake-bottom sediment footprint. The best values from grab samples are >1% As at the Hyperion gold prospect, and 217.0 ppm Bi and 2.95% Cu further east along the magnetic trend.


The strong project-scale As-Bi-Cu footprint underscores the significant exploration potential of large areas on the Property for which there is little information.


In October 2018, 266 claims were added to Pikwa, bringing the total to 701 claims for a total coverage of 359.4 km2, providing a controlling position on this major target. The project is located 303 kilometres east of the Cree community of Wemindji in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. Pikwa has been the subject of a 100% partner-funded exploration program with Azimut as the operator.


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


SOQUEM, a subsidiary of Ressources Québec, is a leading investor in mineral exploration in Quebec. Its mission is to explore, discover and develop mining properties in Quebec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics (AZtechMine) is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,767 claims or 2,476 km2).


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/November2018/27/c5356.html

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

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8020Admin

8 months

8020Admin posted a press release Azimut reports on excellent gold prospecting results from its new Elmer Property, James Bay region, Quebec in AZIMUT EXPLORATION INC.


Canada NewsWire





Symbol: AZM.TSX Venture


LONGUEUIL, QC, Nov. 20, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the results of a preliminary assessment program on its recently acquired wholly-owned Elmer Property located in the James Bay region of Quebec.


The best gold grades from this high-grade property include 77.8 g/t Au and 167.0 g/t Ag at the Gabbro Zone, 54.6 g/t Au at the Patwon Zone and 8.56 g/t Au at the Gold Zone (grab samples; see Figures 1 to 3).


These new results strengthen the exploration potential of the Property where a gold-bearing corridor 12 kilometres long by up to 3 kilometres wide represents a major underexplored target.


Azimut will conduct a significant program in 2019 before drilling. The program will include systematic prospecting, channel sampling and mechanized stripping.


HIGHLIGHTS



  • The three-day field program on the Property covered three underexplored prospects: Gabbro, Patwon and Gold;

  • The 46 samples, including 30 grab and 16 channel samples, yielded the following significant results:

    Gabbro Zone (11 samples including 4 samples with grades above 1.0 g/t Au)
    7.98 g/t Au, 18.43 g/t Ag over 0.55 m (channel)
    77.8 g/t Au, 167.0 g/t Ag (grab)
    60.4 g/t Au, 122.0 g/t Ag (grab)
    6.11 g/t Au, 9.49 g/t Ag (grab)

    Patwon Zone (28 samples including 15 samples with grades above 1.0 g/t Au)
    2.90 g/t Au over 3.50 m (channel)
    5.29 g/t Au over 0.60 m (channel)
    54.6 g/t Au, 6.44 g/t Ag (grab)
    5.61 g/t Au, 14.25 g/t Ag (grab)
    4.57 g/t Au (grab)
    2.94 g/t Au (grab)

    Gold Zone (7 samples including 2 samples with grades above 1.0 g/t Au)
    8.56 g/t Au (grab)
    1.28 g/t Au, 0.158% Cu (grab)

    Grab samples collected during prospecting are selective by nature and unlikely to represent average grades.

  • Preliminary observations of gold mineralization are as follows: Gabbro Zone: hematized and boudinaged quartz veins with traces of pyrite hosted in sheared gabbro; Patwon Zone: quartz veins and quartz-ankerite stockwork with pyrite in the wall rock, hosted in sheared mafic metavolcanics; Gold Zone: quartz-ankerite veins with pyrite, pyrrhotite and chalcopyrite hosted in sericitized mafic metavolcanics.


Azimut acquired the Elmer Property (190 claims, 99 km2) by map designation (see press release of September 13, 2018). It is located 285 kilometres north of Matagami, 60 kilometres east of the municipality of Eastmain, and 40 kilometres west of the James Bay Road, a major paved highway. Azimut is currently reviewing and reprocessing the large historical database that already exists for the Property to build a robust exploration model.


The field assessment program was carried out under the direction of François Bissonnette, Operations Manager for Azimut, and Dr. Martin Tuchscherer, Chief Geologist for Azimut. This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


Azimut Exploration is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,573 claims or 2,378 km2).


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/November2018/20/c4717.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.comCopyright CNW Group 2018

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8020Admin

8 months

8020Admin posted a press release Azimut and SOQUEM find Gold on the Galinée Property, James Bay region, Québec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture


LONGUEUIL, QC, Nov. 13, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report it has discovered gold mineralization on the extensive 36-kilometre-long Galinée Property (658 claims, 339 km2), which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure). Detailed follow-up field work will be conducted in 2019.


HIGHLIGHTS



  • Discovery by prospecting of a subcropping gold-bearing zone with 26 grab samples delivering values above 0.1 g/t Au, including 6 samples returning values from 0.53 g/t Au to 0.84 g/t Au and one sample returning 2.17 g/t Au (see Photos 1 to 4).

  • Mineralized facies are hosted in a tonalite intrusion containing disseminated to semi-massive arsenopyrite with quartz veins and veinlets, accompanied by some pyrite and pyrrhotite and by chlorite alteration.

  • The 130-metre by 30-metre zone, located in the eastern part of the Property, trends NE-SW and is open along strike in both directions.

  • About 5 kilometres to the west, till sampling identified a gold grain dispersion train, including one sample returning 52 delicate gold grains, interpreted as deriving from a proximal source.

  • About 25 kilometres to the west, another 4-kilometre-long target area returned anomalous gold counts in till samples. Some samples included coarse gold, and overall, the results confirm the unusual cluster of previously reported high gold values – up to 1.89 g/t Au – in lake sediments (see press release of May 31, 2018).

  • There were no known showings on the Property before the current exploration initiative.


The exploration targets on the Galinée project were identified in 2016 by Azimut's predictive mineral potential modelling at the scale of the James Bay region, which covered 176,300 km2. This approach, based on Big Data analytics, led to the definition and ranking of prospective targets that represent less than 1.0% of the modelled region, resulting in highly focused exploration efforts. The same modelling approach also generated targets on the Munischiwan, Pikwa and Pontois properties for which very encouraging results have been announced (see press releases of October 25, November 6 and November 8, 2018).


The project is located about 50 kilometres north-north-west of the Renard Diamond Mine (Stornoway) and 60 kilometres south of the Trans-Taiga Road, a regional highway. The exploration program was wholly funded by SOQUEM with Azimut as the operator.


The 2018 prospecting work yielded 327 grab samples, including 242 outcrop samples, 141 till samples and 49 soil samples. Results are still pending for 50 till samples and all soil samples. This follows a detailed lake-bottom sediment geochemistry survey conducted in 2017 comprising 264 samples (see press release of May 31, 2018). Grab samples collected during prospecting are selective by nature and unlikely to represent average grades.


SOQUEM has selected six properties under the terms of the Strategic Alliance for a total of 2,059 claims (1,061 km2):  Pontois (348 claims), Munischiwan (167 claims), Pikwa (435 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are the subject of preliminary field reconnaissance programs under the Strategic Alliance: Corvet (72 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


The Galinée field program is under the direction of François Bissonnette, Operations Manager for Azimut, and Dr. Martin Tuchscherer, Chief Geologist for Azimut. This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


SOQUEM, a subsidiary of Ressources Québec, is a leading investor in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,541 claims or 2,361 km2).


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/November2018/13/c4241.html

Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.comCopyright CNW Group 2018

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8020Admin

8 months

8020Admin posted a press release Azimut and SOQUEM find Gold on the Pontois Property, James Bay region, Québec in AZIMUT EXPLORATION INC.





Symbol: AZM.TSX Venture


LONGUEUIL, QC, Nov. 8, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report it has discovered gold mineralization on the Pontois Property, which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure).


HIGHLIGHTS



  • Best gold results are 6.02 g/t Au, 2.56 g/t Au and 0.90 g/t Au in grab samples from outcrops (see Photos 1 and 2).

  • Other associated values include silver (up to 2.61 g/t Ag) and tellurium (up to 23.7 g/t Te). Significant copper values (up to 0.18% Cu) were obtained 2.0 kilometres from the prospect, along the same geological trend.

  • Gold is hosted in mafic metavolcanics and intrusive dykes with quartz veins, near a sheared contact with metasediments. The intrusive facies contains disseminated fine pyrite. This 40-metre by 20-metre sector is open along strike in both directions. Its potential extensions will be tested by detailed follow-up field work in 2019.

  • There were no known showings on the Property before the current exploration initiative.

  • Gold exploration on the Pontois Property focuses on a priority target defined in 2016 by Azimut's predictive mineral potential modelling at the scale of the James Bay region over 176,300 km2. The same modelling produced the Munischiwan and Pikwa properties for which very encouraging results have been recently announced (see press releases of October 25 and November 6, 2018).


The Pontois Property (348 claims, 177 km2) is located 360 kilometres east of the Cree community of Chisasibi in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The Trans-Taiga Road, an east-west gravel highway in the region, passes through the Property. Pontois has been the subject of a 100% partner-funded exploration program with Azimut as the operator.


The 2018 prospecting work produced 131 grab samples, mostly from outcrops. This follows a detailed lake-bottom sediment geochemistry survey conducted in 2016 (237 samples), as well as an initial prospecting phase in 2017 (225 rock samples) (see press release of June 6, 2018). Grab samples collected during prospecting are selective by nature and unlikely to represent average grades.


SOQUEM has selected six properties under the terms of the Strategic Alliance for a total of 2,059 claims (1,061 km2):  Pontois (348 claims), Munischiwan (167 claims), Pikwa (435 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are also the subject of preliminary field reconnaissance programs under the Strategic Alliance: Corvet (72 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


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


SOQUEM, a subsidiary of Ressources Québec, is a leading investor in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,541 claims or 2,361 km2).


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/November2018/08/c2762.html

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

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8020Admin

8 months

8020Admin posted a press release Azimut and SOQUEM discover Gold and Polymetallic (Cu, Co, Mo) Mineralization on the Pikwa Property, James Bay region in AZIMUT EXPLORATION INC.


Canada NewsWire





Symbol: AZM.TSX Venture 


LONGUEUIL, QC, Nov. 6, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report it has discovered gold and polymetallic mineralization (copper, cobalt, molybdenum) on the Pikwa Property, which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1).


The mineralized prospects are located within a 20-km-long target zone defined mainly by a linear magnetic high that correlates well with a strong and extensive arsenic-bismuth-copper anomaly in lake-bottom sediments. Significant results announced by Midland Exploration Inc. (TSXV: MD) on the adjacent Mythril Property appear to be directly on strike with the Pikwa target zone (see Figure 2).


This winter, a geophysical survey is planned at Pikwa to accelerate the evaluation of the prospective trend and to define drill targets.


HIGHLIGHTS



  • The main gold prospect (the "Hyperion Prospect"), discovered by prospecting and stripped manually (6 to 7 m by 3 to 4 m), has a steep dip and is open along strike. Grab samples from the contact zone between an iron formation and mafic volcanics returned the following grades (see Photo 1):
    7.17 g/t Au, 4.69 g/t Au, 3.91 g/t Au, 1.72 g/t Au and 1.14 g/t Au (outcrops, Photo 1) and 6.28 g/t Au (angular boulder, Photo 2).
    Gold mineralization is associated with disseminated to semi-massive arsenopyrite and is accompanied by highly anomalous cobalt (up to 0.22% Co), silver (up to 3.69 g/t Ag) and tellurium (up to 4.37 g/t Te).

  • Another area 4 km to the east displays high background gold values (up to 0.9 g/t Au) with anomalous bismuth (up to 217 g/t Bi) and molybdenum (up to 0.106% Mo).

  • Several angular boulders with chalcopyrite in the northeastern part of the Property were also sampled. The best result is 2.95% Cu, 0.22 g/t Au, 7.58 g/t Te and 1.68 g/t Ag (2017 sample Y102671) in a foliated intrusive rock (Photo 3).

  • The Pikwa project was generated in 2016 by Azimut's predictive mineral potential modelling covering the James Bay region over 176,300 km2. There were no known showings on the Property prior to the current exploration initiative.

  • The Strategic Alliance with SOQUEM allows Azimut to acquire a royalty portfolio from the ongoing projects without incurring exploration costs.


The Pikwa Property (435 claims, 223 km2) is located 303 kilometres east of the Cree community of Wemindji, in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The Trans-Taiga Road, an east-west gravel highway through the region, passes about 3 kilometres north of the Property. Pikwa has been the subject of a 100% partner-funded exploration program with Azimut as the operator.


The 2018 prospecting work yielded 307 grab samples and 24 till samples. Results are still pending for all till samples. This follows a detailed lake-bottom sediment geochemistry survey conducted in 2016 on the Property (211 samples), as well as an initial prospecting phase in 2017 (232 rock samples) that produced encouraging results (see press release of June 6, 2018).


Grab samples collected during prospecting are selective by nature and unlikely to represent average grades.


SOQUEM has selected six properties under the terms of the Strategic Alliance for a total of 2,059 claims (1,061 km2):  Pikwa (435 claims), Munischiwan (167 claims), Pontois (348 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are also the subject of preliminary field reconnaissance programs under the Strategic Alliance: Corvet (72 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


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


SOQUEM, a subsidiary of Ressources Québec, is a leading investor in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company's pioneering proprietary approach to Big Data analytics is enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,541 claims or 2,361 km2).


www.azimut-exploration.com


 


SOURCE Azimut Exploration Inc.



View original content: http://www.newswire.ca/en/releases/archive/November2018/06/c4795.html



Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, info@azimut-exploration.comCopyright CNW Group 2018

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8020Admin

9 months

8020Admin posted a press release Azimut and SOQUEM make a major Gold-Silver-Copper Discovery on the Munischiwan Property, James Bay region in AZIMUT EXPLORATION INC.


Canada NewsWire





Symbol: AZM.TSX Venture


LONGUEUIL, QC, Oct. 25, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report it has discovered a major gold-copper-silver prospect on the Munischiwan Property, which is jointly owned with SOQUEM Inc. ("SOQUEM") under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1).


HIGHLIGHTS



  • The mineralized area is 600 metres long by 100 to 150 metres wide (the "Maschakw Prospect"), open in all directions, dipping about 30° east. Grab samples from outcrops returned the following grades (see Figure 2 and Photos 1 to 3):

    11.0 g/t Au, 435.0 g/t Ag, 0.38% Cu
    5.89 g/t Au, 13.5 g/t Ag, 0.05% Cu
    4.48 g/t Au, 55.2 g/t Ag, 1.67% Cu
    4.14 g/t Au, 37.4 g/t Ag, 1.40% Cu
    3.34 g/t Au, 5.84 g/t Ag, 0.18% Cu
    3.02 g/t Au, 35.3 g/t Ag, 1.29% Cu
    2.24 g/t Au, 28.6 g/t Ag, 0.76% Cu
    2.01 g/t Au, 32.1 g/t Ag, 0.36% Cu
    1.95 g/t Au, 29.6 g/t Ag, 1.26% Cu
    1.53 g/t Au, 67.2 g/t Ag, 0.90% Cu


  • Mineralization is mostly composed of disseminated chalcopyrite, or quartz veins and veinlets, hosted in foliated metasediments with strong biotite alteration;

  • The next step will consist of a ground geophysical survey this winter to define drilling targets;

  • The discovery is the direct outcome of Azimut's predictive mineral potential modelling in 2016 over the James Bay region, covering 176,300 square kilometres;

  • The Strategic Alliance will allow Azimut to acquire a royalty portfolio from the ongoing projects without incurring exploration costs.


The Munischiwan Property (167 claims, 87.5 km2) is located about 85 kilometres east of the Cree community of Eastmain, in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The exploration program is funded by SOQUEM with Azimut as operator.


The 2018 prospecting work yielded 355 grab samples. Results are still pending for 105 of the samples. This follows 838 line-kilometres of heliborne magnetic and VTEM electromagnetic surveying and an early reconnaissance prospecting phase in 2017, which returned encouraging results (see press releases of November 2, 2017 and June 6, 2018).


The Au-Ag-Cu mineralized area is hosted in foliated metasediments with hematized quartz veining and biotite alteration. The chalcopyrite-bearing zone, dipping 30o east, is open along strike and laterally. Prospecting also returned anomalous values in molybdenum (up to 0.31% Mo), tellurium (up to 7.19 g/t Te) and tungsten (peak value >1% W).


The mineralized area may extend 600 metres further south with the discovery of an additional showing that returned 2.42 g/t Au, 33.3 g/t Ag and 0.10% Cu, thus delineating a minimum prospective strike of 1,200 metres.


Two other copper prospects that correlate well with strong electromagnetic conductors have been identified and warrant additional work. One prospect is located 3 kilometres southeast of the Maschakw Prospect and returned up to 2.53% Cu in grab samples from outcrops (Photo 4).


Grab samples are selective by nature and unlikely to represent average grades.


The projects selected by SOQUEM under the terms of the Strategic Alliance now comprise six properties totalling 2,059 claims (1,061 km2), including Munischiwan (167 claims), Pikwa (435 claims), Pontois (348 claims), Galinée (658 claims), Dalmas (88 claims) and Desceliers (363 claims). In addition, three other projects are also subject to preliminary field reconnaissance programs under the Alliance: Corvet (72 claims), Synclinal North (46 claims) and Synclinal South (54 claims).


The field program was placed under the direction of François Bissonnette, Operations Manager for Azimut, and Dr. Martin Tuchscherer, Chief Geologist for Azimut. This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101.


SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.


Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. Targeting uses a pioneering proprietary approach to Big Data analytics enhanced by extensive exploration know-how. The Company maintains rigorous financial discipline. It has 48.5 million shares outstanding.


Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (22 properties covering 4,541 claims or 2,361 km2).


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/October2018/25/c4201.html

Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-3045, info@azimut-exploration.com   Copyright CNW Group 2018

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