Azimut announces 2,500 metres of Diamond Drilling on the Opinaca B Gold Property, Eleonore Mining Camp, James Bay Region, Quebec Symbol: AZM.TSX Venture
Azimut announces 2,500 metres of Diamond Drilling on the Opinaca B Gold
Property, Eleonore Mining Camp, James Bay Region, Quebec
Symbol: AZM.TSX Venture
LONGUEUIL, QC, June 19, 2017 /CNW Telbec/ - Azimut Exploration Inc ("Azimut" or the "Company")
(TSXV: AZM) is pleased to announce that Hecla Mining Company ("Hecla") (NYSE: HL) has
commenced a 2,500-metre diamond drilling program on the Opinaca B Gold Property held by Azimut and
its partner Everton Resources Inc. (TSXV: EVR).
The aim of the 7-hole drilling program is to test two targets with strong gold discovery potential: the
Dominic area and the Fishhook structure. Hecla greatly improved the definition of these targets during the
2016 program, which included a detailed interpretation of previous magnetic data and comprehensive
field work (see press release dated January 23, 2017).
The Opinaca B Property, comprising 248 claims covering 129.7 km2, is situated in a highly prospective
part of the Eleonore mining camp where significant drilling results have been recently released for the
Eleonore South Property (Azimut-Goldcorp-Eastmain JV) and the Cheechoo Property (Sirios
Resources) (see attached figure).
Hecla has the option to acquire a 50% interest in the Opinaca B Property by incurring $6 million in
exploration work. This expenditure should be complete by November 2017. Following this first option,
Hecla was granted a second option according to the terms disclosed in Azimut's press releases of
September 16, 2010 and April 21, 2016.
This press release was prepared by geologist Jean-Marc Lulin, acting as Azimut's Qualified Person under
NI 43-101.
Azimut is a mineral exploration company with a core business centred 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. The Company has 45.4 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.
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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-exploration.com
CO: Azimut Exploration Inc.
CNW 07:00e 19-JUN-17