Azimut and SOQUEM Resume Exploration on Four Gold Properties (Pikwa, Pontois, Galinée and Dalmas) in the James Bay Region of Québec Symbol: AZM.TSX Venture
Azimut and SOQUEM Resume Exploration on
Four Gold Properties (Pikwa, Pontois, Galinée
and Dalmas) in the James Bay Region of
Québec
Symbol: AZM.TSX Venture
LONGUEUIL, QC
,
July 22, 2019
/CNW Telbec/ -
Azimut Exploration Inc.
("Azimut" or the
"Company") (
TSXV: AZM
) is pleased to announce it has started new exploration programs on four
(4) gold properties under the
Azimut – SOQUEM Strategic Alliance
(the "Alliance") in the
James
Bay
region (
see Figure 1
). The objective is to further assess these properties on which significant
results have been obtained since 2016. Azimut is the operator of the ongoing programs.
All properties benefit from the major infrastructure in the
James Bay
region, which includes paved
access roads, a hydro-power grid and airports.
The
Pikwa Property
(703 claims, 360.4 km
2
) is 40 kilometres long by 17 kilometres wide and
provides a controlling position over a major gold-polymetallic target. Work performed by the Alliance
led to the discovery of two main prospective trends (
see Figure 2
):
The 20-kilometre-long
Copperfield Trend
, which is directly on strike with the
Mythril
discovery
of
Midland Exploration Inc.
(
TSXV: MD
). This trend encompasses several
electromagnetic ("EM") conductors spatially related to strong multi-element anomalies (Cu-Mo-
Ag-Bi-W) in lake-bottom sediments ("LBS").
The 10.5-kilometre-long
Hyperion Trend
. This trend includes the
Hyperion Prospect
(
up to
7.17 g/t Au
) and is marked by strong EM conductors superimposed over multi-element
geochemical anomalies in LBS (see press releases of
March 20
and
April 15, 2019
).
Technical work on Pikwa will consist of focused prospecting, mechanized trenching, channel
sampling, soil and till sampling, and an additional detailed LBS survey. This program will advance the
Property to the drilling stage.
The
Pontois Property
(399 claims, 203.2 km
2
) covers an underexplored sheared greenstone belt.
The main result thus far is the discovery of the
Black Hole Prospect
(
up to 6.02 g/t Au
) related to
mafic intrusive facies. Additional prospecting and a detailed LBS survey will be undertaken within the
area.
The
Galinée Property
(658 claims, 339.6 km
2
) provides a controlling position over an extensive LBS
anomaly marked by a strong arsenic-bismuth-antimony footprint. A very unusual multi-kilometre
cluster of LBS gold values has also been identified. Field work led to the discovery of the tonalite-
hosted
Gamora Prospect
(
up to 2.17 g/t Au
) recognized over an area 130 metres long by 30
metres wide. About 5 kilometres to the west, a gold grain dispersal train in till included a sample
containing 52 delicate gold grains suggesting a proximal common source. Planned follow-up work on
the project includes focused prospecting, soil and till sampling, and an additional detailed LBS
survey.
The
Dalmas Property
(88 claims, 44.9 km
2
) covers a sheared greenstone belt with a strong
arsenic-bismuth-copper-antimony footprint in LBS. Initial prospecting work revealed anomalous
values in arsenic, gold and copper in grab samples. Planned work includes till sampling and
additional prospecting.
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 pioneering approach to big data analytics (the
proprietary
AZtechMine
TM
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 regional-scale data analysis and multiple concurrently active projects.
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/July2019/22/c8696.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 22-JUL-19