Azimut Commences Exploration on the Elmer and Duxbury Gold Properties in the James Bay
Azimut Commences Exploration on the Elmer
and Duxbury Gold Properties in the James Bay
Region, Quebec
Symbol: AZM.TSX Venture
LONGUEUIL, QC
,
June 13, 2019
/CNW Telbec/ -
Azimut Exploration Inc.
(
"Azimut"
or the
"Company"
) (
TSXV: AZM
) is pleased to announce the start of an exploration program on its wholly-
owned Elmer and Duxbury properties following the Company's comprehensive assessment phase.
The properties provide continuous coverage over a 35-kilometre segment of an underexplored
greenstone belt that is considered highly prospective for intrusion-related and shear-related gold
deposits. Encouraging preliminary prospecting results, including
77.8 g/t Au, 60.4 g/t Au
,
54.6 g/t
Au
and
8.56 g/t Au
in grab samples, have already been reported (see press release of
November
20, 2018
).
Access to the Elmer and Duxbury properties is afforded by the quality infrastructure of the
James
Bay
region of
Quebec
, one of the most active regions for gold exploration in
Canada
. Azimut is one
of the leading exploration companies operating in
Quebec
.
HIGHLIGHTS
(
see Figures 1 to 4
)
Recently completed compilation and reprocessing of the historical database confirms the
potential of the highly prospective Archean greenstone belt, only sporadically explored thus far.
On the Elmer Property, 13 gold (silver, copper, zinc) prospects, mostly high-grade, are located
within an ENE-WSW corridor 12 km long by up to 3 km wide. Reconnaissance prospecting on
the Duxbury Property confirms the strike continuity of this trend.
The geology is dominated by felsic volcanics, andesite, diorite, basalt, gabbro, and porphyry
dykes. Alteration is characterized by sericitization in the felsic volcanics and porphyry dykes,
and chloritization and carbonatization in the mafic lithologies (gabbros, diorite, basalts). At the
scale of the Elmer Property, there is a strong association between gold and sericitized porphyry
dykes. As previously reported (see press release of
September 13, 2018
), Azimut considers
this context to be comparable to the geological environment of the Windfall gold deposit in the
Abitibi region (Osisko Mining Inc.).
On the Elmer Property, 21 areas of interest have been identified that warrant significant
sampling. Ten are ranked as priority 1, five as priority 2, and six as priority 3. Ranking criteria
include geological, structural, geophysical and mineralization factors. The current field program
will advance the property to the drilling stage.
The Elmer Property comprises 233 claims covering 123 km
2
and is located 285 kilometres north of
Matagami
, 60 kilometres east of the
municipality of
Eastmain
, and 40 kilometres west of the James
Bay Road, a major paved highway. The adjacent Duxbury Property comprises 184 claims covering
97 km
2
.
The current field program is expected to lead to significant revisions of the geological map and
mineral potential for the area. Grab samples are selective by nature and unlikely to represent
average grades.
This press release was prepared by
Jean-Marc Lulin
, P.Geo., acting as Azimut's qualified person
under National Instrument 43-101.
About Azimut
Azimut i
s 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
(the
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
. Azimut's edge against exploration
risk is founded on systematic regional-scale data analysis and multiple concurrently active projects.
This includes two regional strategic alliances with SOQUEM for six gold properties in the
James Bay
region and three major gold-copper properties in the Nunavik region.
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/June2019/13/c8332.html
%SEDAR: 00003284E
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 13-JUN-19