Azimut and partners commence Phase 2 drilling program on Eleonore South Gold Property, James Bay region, Quebec Symbol: AZM.TSX Venture
Azimut and partners commence Phase 2 drilling program on Eleonore South Gold
Property, James Bay region, Quebec
Symbol: AZM.TSX Venture
LONGUEUIL, QC, March 1, 2017 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" ) ( TSXV: AZM ) is
pleased to announce that the second phase of a 5,000 m diamond drilling program has started on the
Eleonore South JV Property in the James Bay region of Quebec. This drilling phase, totalling 2,500 m will
test gold targets along a corridor 4 km long by 500 m wide to the east of the JT Prospect and on strik e of
the Sirios Resources Inc. Cheechoo discovery ( see attached figure ).
The Phase 2 drilling program has three (3) objectives:
• Follow up on encouraging results obtained within a n altered tonalite intrusive in the corridor during
the Phase 1 program. Results include:
• 76.1 g/t Au over 1.55 m (hole ES16-57);
• 4.57 g/t Au over 2.7 m and 0.59 g/t Au over 28.5 m (hole ES16-55);
• 0.62 g/t Au over 79.1 m including 5.0 g/t Au over 4.0 m (hole ES16-51)
• Test the eastern extension of the corridor along t he tonalite-metasedimentary contact, immediately
south of Cheechoo; and
• Test the western extension of the corridor toward the JT Prospect.
The targets are defined by a combination of drilling and prospecting results, elevated gold-arsenic so il
anomalies and reprocessed magnetic data.
The prospective corridor on the Eleonore South Property is interpreted as a late-stage hydrothermal-
magmatic mineralized system emplaced along the marg ins of the tonalite intrusion, close to or at the
contact with surrounding metasediments (see Phase 1 location and results in the press release of
November 21, 2016).
The Eleonore South Property is a three-way joint venture between Azimut, Eastmain Resources Ltd
(TSX: ER) and Les Mines Opinaca Ltée, a wholly-owned subsidiary of Goldcorp Inc. (TSX: G;
NYSE: GG). Ownership in the property is as follows: Azimut 26.6%, Eastmain 36.7% and Goldcorp
36.7%. Azimut is the operator of the current program.
This press release was prepared by geologist Jean-M arc Lulin, acting as Azimut's Qualified Person under
National Instrument 43-101.
Azimut is a mineral exploration company with its core business centered on target generation and
concurrent partnership development. Targets are identified using advanced processing of large
geoscientific databases enhanced by extensive exploration know-how. Azimut holds a strategic position
for gold and base metals in Quebec.
Neither TSX Venture Exchange nor its Regulation Ser vices 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.
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For further information: Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-
3045, [email protected], www.azimut-explo ration.com
CO: Azimut Exploration Inc.
CNW 06:30e 01-MAR-17