Azimut acquires the Kaanaayaa Gold-Copper Property, James Bay region, Quebec Symbol: AZM.TSX Venture
Azimut acquires the Kaanaayaa Gold-Copper
Property, James Bay region, Quebec
Symbol: AZM.TSX Venture
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 km
2
) 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
AZtechMine
TM
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
%SEDAR: 00003284E
For further information:
Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450)
646-3045, [email protected], www.azimut-exploration.com
CO: Azimut Exploration Inc.
CNW 07:00e 28-MAR-19