Azimut Confirms Surface Gold Discovery on the Elmer Property, James Bay Region, Quebec Symbol: AZM.TSX Venture
Azimut Confirms Surface Gold Discovery on
the Elmer Property, James Bay Region,
Quebec
Symbol: AZM.TSX Venture
LONGUEUIL, QC
,
Sept. 19, 2019
/CNW Telbec/ -
Azimut Exploration Inc.
(
"Azimut"
or the
"Company"
) (
TSXV: AZM
) is pleased to announce that substantial outcropping gold mineralization
has been discovered at the
Patwon Prospect
on the Company's
wholly-owned Elmer Property
(the "Property") in the
James Bay
region of Québec. A total of 473 channel and grab samples were
collected during the summer field program on the Property, including 281 at Patwon. Initial results
were reported on
July 16, 2019
. The next exploration phase, which entails mechanized stripping and
a maiden diamond drilling program, will take place in the fall.
HIGHLIGHTS
(
Figures 1 to 5
)
At the Patwon Prospect, 191 channel samples (total length of
178.94 m
) and 90 grab samples
were collected from an area about 220 metres long by 100 metres wide. Sampling from this
same area in 2018 produced 14 channel samples (total length of
6.18 m
) and 17 grab samples.
Significant gold results were found across the whole area. All results from 2019 and 2018 are
shown in Figures 4 and 5.
The best channel results are as follows:
Elm18-001
5.61 g/t Au over
0.59 m
Elm18-002 2.90 g/t Au over
3.52 m
Elm-2, 2' 1.38 g/t Au over
1.96 m
Elm-3 3.61 g/t Au over
1.56 m
Elm-4
6.47 g/t Au over
1.96 m
Elm-5 1.28 g/t Au over
0.98 m
Elm-6 2.16 g/t Au over
2.98 m
Elm-09
22.1 g/t Au over
2.95 m
Elm-10
36.3 g/t Au over
2.0 m
Elm-11
9.52 g/t Au over
7.1 m
Elm-12, 12' 1.14 g/t Au over
3.59 m
Elm-12''''
22.54 g/t Au over
1.63 m
Elm-19 1.88 g/t Au over
1.0 m
Elm-33 3.33 g/t Au over
8.0 m
incl.
5.33 g/t Au over
4.0 m
Elm-38 2.03 g/t Au over
1.39 m
Elm-40
24.36 g/t Au over
0.92 m
In addition, a channel sample located
250 m
SW from Patwon returned
25.2 g/t Au over
1.0 m
.
Grab sample grades can be grouped as follows:
14 samples with grades above 5.0 g/t Au, including:
54.6 g/t Au, 25.6 g/t Au
,
20.7 g/t Au, 11.65 g/t Au, 11.1 g/t Au, 9.84 g/t Au, 9.8 g/t Au,
9.24 g/t Au, 9.01 g/t Au, 8.98 g/t Au, 8.44 g/t Au, 7.12 g/t Au,
and
5.61 g/t Au
54 samples with grades ranging from 1.0 g/t to 5.0 g/t Au
31 samples with grades ranging from 0.5 g/t Au to 1.0 g/t Au
Several veins located in the northwestern part of the prospect have higher silver values, up
to
331 g/t Ag
.
Mineralized facies correspond to a centimetric to metric network of quartz veins with strongly
chloritized and carbonatized wall rocks containing 1% to 10% disseminated pyrite. A mafic
intrusion cut by felsic to intermediate dykes constitutes the main host rock.
Four types of mineralized quartz veins have been identified:
Extensional veins, oriented NW-SE (
Photo 1
), oblique to the NE-SW schistosity; several
extensional veins have a Z-fold shape;
Shear veins subparallel to schistosity;
Quartz stockwork mainly associated with felsic to intermediate dykes (
Photo 2
); and
Veins and/or mineralized wall rock at the contact between the felsic dykes and the mafic
host lithologies (
Photos 3 and 4
).
The current field program points toward a sizeable target that remains open in most directions.
The preliminary geometric model suggests a series of subparallel extensional veins contained
within an interpreted mineralized envelope, 30 to 50 metres wide and roughly conformable to
the NE-SW schistosity direction (
see Figure 5
).
The Patwon Prospect is part of a
newly interpreted 7-kilometre-long high-grade trend
that
includes four other prospects: Gabbro Zone (up to
77.8 g/t Au
,
167.0 g/t Ag
), Gold Zone (up to
102.5 g/t Au
), Patwon East (up to
2.2 g/t Au
) and East Zone (up to
6.3 g/t Au
) (see Figures 2
and 3). Historical prospecting along this trend has been sporadic and limited. The encouraging
results from the Patwon Prospect this summer warrant further exploration along this trend.
The Elmer Property comprises 276 claims covering 145.4 km
2
over a 22-kilometre strike length. It
was acquired by map designation in 2018 (see press releases of
September 13, 2018
,
November
20, 2018
and
June 13, 2019
). The Property is located 285 kilometres north of
Matagami
, 60
kilometres east of the municipality of
Eastmain
, and 40 kilometres west of the James Bay Road. The
region benefits from quality infrastructure that includes major access roads, a hydro-power grid and
airports.
Channel and grab sample positions were recorded with a high-precision GPS. The channels were
cut generally perpendicular to vein strike. 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 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 systematic regional-scale data analysis and multiple concurrently
active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold
properties in the
James Bay
region and three (3) major gold-copper properties in the Nunavik region.
www.azimut-exploration.com
SOURCE
Azimut Exploration Inc.
View original content:
http://www.newswire.ca/en/releases/archive/September2019/19/c9603.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 11:08e 19-SEP-19