Azimut and KGHM Commence a 3,000 km Airborne Geophysical Survey to Cover the Kukamas Cu-Au Property, James Bay Region, Quebec
Azimut and KGHM Commence a 3,000 km
Airborne Geophysical Survey to Cover the
Kukamas Cu-Au Property, James Bay Region,
Quebec
TSXV: AZM
OTCQX: AZMTF
LONGUEUIL, QC
,
Feb. 8, 2023
/CNW Telbec/ -
Azimut Exploration Inc.
("Azimut" or the
"Company") (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce the start of a 3,000-line-
kilometre helicopter-borne high-resolution magnetic and VTEM
TM
Plus electromagnetic survey to
cover the entire
Kukamas Copper-Gold Property
(the "Property") located in the Eeyou Istchee
James Bay region (the "
James Bay
region") in
Quebec
(
see Figures 1 and 2
).
This survey signals the beginning of exploration on the Property under the option agreement
concluded with
KGHM International Ltd
("KGHM"). KGHM is a subsidiary of KGHM Polska Miedź
S.A, a Polish corporation that has been a major copper and silver producer for more than 60 years,
with mining projects in
Europe
,
North America
and
South America
(
see press release of
December 8, 2022
).
The 2023 partner-funded exploration program will total
$770,000
. Azimut is the operator. Geotech
Ltd of
Aurora, Ontario
, will conduct the survey using 100-metre spaced lines. A ground prospecting
phase will follow.
Kukamas covers a 41-kilometre cumulative strike length along a highly prospective greenstone belt
(the Yasinski Group) within the geological La Grande Subprovince of the Archean Superior Province.
Kukamas displays one of the strongest geochemical footprints for copper-gold mineralized systems
in the
James Bay
region, marked by strong values in copper, silver, arsenic and antimony in lake-
bottom sediments. The geology is characterized by extensive shear zones, clastic metasediments,
iron formations, and mafic to felsic metavolcanics surrounding granitic intrusions.
Kukamas is considered largely underexplored. Numerous known prospects sit on or adjacent to the
Property. Historical grab samples collected on the Property graded up to 10.63 g/t Au and
20.7 % Cu.
N
ote that grab samples are selective by nature and unlikely to represent average
grades
.
The two main target types are shear-related copper-gold systems and intrusion-related nickel-
copper-cobalt-PGE systems.
The Property comprises 537 claims (272.5 km
2
) in two blocks of claims. It is easily accessible using
the nearby infrastructure. Specifically, it lies 4 kilometres north of the Trans-Taiga Road (a major
highway) and LG-3 airstrip, along an access road leading to Hydro-Québec's LG-3 hydroelectric
generating station just north of the Property. The nearest town is
Radisson
, 80 kilometres to the
north-northwest.
This news release was prepared by Dr.
Jean-Marc Lulin
, P.Geo., acting as Azimut's qualified person
under National Instrument 43-101. Rock Lefrançois, P.Geo., Manager – Special Projects, and
Mathieu Landry
, P.Geo., Senior Consultant, have also reviewed the content of this press release.
About Azimut
Azimut is a leading mineral exploration company with a solid reputation for target generation and
partnership development. The Company holds the largest mineral exploration portfolio in
Quebec
.
Azimut is actively advancing its wholly-owned flagship
Elmer Gold Project
to the initial resource
stage in the
James Bay
region. Azimut has acquired a major
nickel
position with its
James Bay
Nickel Project
. Azimut also benefits from an outstanding position for
lithium
in the region.
Azimut uses a pioneering approach to big data analytics (the proprietary
AZtechMine
TM
expert
system), enhanced by extensive exploration know-how. Azimut's competitive edge is based on
systematic regional-scale data analysis and concurrently active projects. Azimut maintains rigorous
financial discipline and a strong balance sheet, with 79.5 million shares issued and 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/February2023/08/c1532.html
%SEDAR: 00003284E
For further information:
Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450)
646-3045; Jonathan Rosset, Vice President Corporate Development, Tel: (604) 202-7531,
CO: Azimut Exploration Inc.
CNW 06:30e 08-FEB-23