Azimut and SOQUEM cover the InSight Discovery (Au-Ag-Cu) with a Ground Geophysical Survey, Munischiwan Property, James Bay region Symbol: AZM.TSX Venture
Azimut and SOQUEM cover the InSight
Discovery (Au-Ag-Cu) with a Ground
Geophysical Survey, Munischiwan Property,
James Bay region
Symbol: AZM.TSX Venture
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
AZtechMine
TM
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 km
2
) 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 (
AZtechMine
TM
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
%SEDAR: 00003284E
For further information:
Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450)
646-3045, [email protected]
CO: Azimut Exploration Inc.
CNW 07:00e 25-MAR-19