Azimut: Exploration Update Symbol: AZM.TSX Venture
Azimut: Exploration Update
Symbol: AZM.TSX Venture
LONGUEUIL, QC
,
March 25, 2020
/CNW Telbec/ -
Azimut Exploration Inc.
("Azimut" or the
"Company") (
TSXV: AZM
) announces it will immediately suspend all its field operations to respect
the order of the Government of
Quebec
in response to the COVID-19 pandemic. All of Azimut's
employees and contractors are safely demobilizing and will be ready to resume operations as soon
as possible.
At the current time, there is no anticipated change regarding the fully funded
$10.5 million
program
planned for 2020. This program includes 18,000 metres of drilling on five (5) gold and copper-gold
properties in
Quebec
.
On the
Elmer Property
(100% Azimut), two rigs are already positioned for a 6,000-metre (30-hole)
diamond drilling program. The objective is to expand the Patwon gold discovery recently reported on
the Property, which consists of multiple substantial drill hole intersections, including 3.12 g/t Au over
102.0 m
. Most targets should be accessible and drillable year-round (see press release of
March
18, 2020
).
A heliborne high-definition magnetic survey totalling 2,706 line-kilometres with 50-metre line spacing
has just been completed over the eastern part of the Property. The results of this survey will be
processed and interpreted over the next few weeks.
On the
Pikwa Property
(SOQUEM/Azimut), an induced polarization survey totalling 21 line-
kilometres has been conducted over a grid 5.6 kilometres long by 700 metres wide with 200-metre
line spacing. The results are being processed and interpreted to support a forthcoming maiden
diamond drilling program. Excellent results were obtained during the last field program, notably the
delineation of a multi-kilometre long copper-gold target zone (up to 9.8% Cu and 13.4 g/t Au on
outcrops, up to 20.1% Cu on boulders) (see press releases of
October 23
and
December 9, 2019
).
This press release was prepared by Dr.
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 65.2 million shares outstanding.
Azimut holds the largest mineral exploration portfolio in
Quebec
. The Company's competitive 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
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/March2020/25/c5671.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 25-MAR-20