Azimut Conducts Predictive Modelling for Copper Over the James Bay Region and Acquires Four Quality Projects Symbol: AZM.TSX Venture
Azimut Conducts Predictive Modelling for
Copper Over the James Bay Region and
Acquires Four Quality Projects
Symbol: AZM.TSX Venture
LONGUEUIL, QC
,
July 08, 2019
/CNW Telbec/ -
Azimut Exploration Inc.
("Azimut" or the
"Company") (
TSXV: AZM
) is pleased to announce it has recently completed regional predictive
modelling for copper over the
James Bay
region of
Quebec
using the Company's
AZtechMine
TM
expert system. Several large but underexplored copper targets have since been acquired by map
designation. Some of the copper targets combine gold or nickel-cobalt potential.
Azimut has a long-standing track record of successful mineral potential modelling using big data
analytics, subsequently validated by field discoveries. The Company holds the largest mineral
exploration portfolio in
Quebec
and, through strong partnerships, is one of the leading explorers in
the
James Bay
and Nunavik regions.
James Bay
is one of the most active regions for mineral exploration in
Canada
and benefits from
quality infrastructure that includes major access roads, a hydro-power grid and airports (
see Figures 1 and 2
).
Predictive Modelling for Copper
Over the past six months, Azimut has conducted copper modelling using public government data and
the Company's proprietary data, covering a surface area of 176,300 km
2
. The numerical processing
parameters included geochemical (multi-element lake-bottom sediment) and geophysical
(magnetism, gravity) data. Further ranking used geological and structural data and past exploration
work. The modelling and target generation focused on the following deposit types: Copper-gold
intrusion-related, iron oxide copper gold (IOCG) and copper-nickel-cobalt.
Azimut's management is of the opinion that the exploration level for copper is still at a very early
stage in the
James Bay
region. The Company has now acquired a substantial number of the
significant copper targets it identified.
Copper Property Portfolio
The Company's copper property portfolio includes four new or already owned but significantly
expanded properties:
Kukamas
,
Masta 2–Corvet
,
Corne
and
Mercator
. The
Kaanaayaa
property
(see press release of
March 28, 2019
) is also part of this regional position for copper. These five
properties, wholly owned by Azimut, comprise
1,619 claims
(
834 km
2
). Most of the properties have
been subject to limited historical exploration work.
From west to east, the properties are described as follows:
Kukamas
(361 claims, 183 km
2
): Copper-gold property with a 36-km strike, located within the
volcano-plutonic La Grande Subprovince, about 7 km north of the boundary with the
metasedimentary Opinaca Subprovince. Geology is marked by sheared metasediments including
iron formation and metavolcanics surrounding granitic intrusions. The property displays strong
copper-arsenic-antimony geochemical anomalies in lake-bottom sediments ("LBS"). The property
hosts several gold and copper prospects (up to 1.21 g/t Au and up to 20.7% Cu).
Masta 2–Corvet
(340 claims, 175 km
2
): Copper-gold property with a 34-km strike, comprising the
Masta-2 and Corvet claim blocks. This project straddles the La Grande–Opinaca boundary.
Geological context is characterized by sheared metasediments, amphibolite, paragneiss and small
granitic intrusions. A strong LBS arsenic-copper-bismuth-antimony footprint is spatially associated
with the subprovince structural boundary. The property hosts several copper and gold prospects (up
to 3.14% Cu and up to 1.83 g/t Au).
Kaanaayaa
(390 claims, 200.5 km
2
): Copper-gold and copper-nickel property measuring 21 km long
by 15 km wide, located within the La Grande Subprovince just north of the Opinaca boundary.
Geology is marked by metasediments and mafic to intermediate volcanics crosscut by several small
granitic intrusions. A multi-kilometre fold may control the location of some of these intrusions. The
project also covers a strong LBS bismuth-silver-molybdenum-copper-tungsten footprint, as well as
nickel-cobalt anomalies.
Corne
(177 claims, 93.6 km
2
): Copper-gold property with a 17-km strike covering a well-marked
copper-bismuth-arsenic LBS anomaly. The project is located within the metasedimentary Opinaca
Subprovince, close to the Opatica boundary. The property has seen very limited exploration. A small
copper-molybdenum-silver intrusion-related deposit is located about 20 km to the northwest
(MacLeod,
Pointe Richard
).
Mercator
(351 claims, 182 km
2
): Copper and copper-nickel-cobalt property measuring 22 km long
by 16 km wide, located within the Opinaca Subprovince at the edge of the Ashuanipi Subprovince.
The project displays strong geochemical signatures in LBS including copper, bismuth and
molybdenum, as well as, more locally, nickel and cobalt. This area has no record of past exploration.
Azimut intends to rapidly validate the potential of these properties through a well-established
exploration protocol, including detailed LBS sampling, airborne geophysics, follow-up prospecting
and drilling.
This press release was prepared by
Jean-Marc Lulin
, P.Geo., acting as Azimut's qualified person
under National Instrument 43-101.
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's edge against exploration risk is founded on systematic regional data analysis and multiple
concurrently active projects.
www.azimut-exploration.com
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/July2019/08/c7215.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 08-JUL-19