Azimut intersects 4.9 g/t Au over 45.0 m at Eleonore South, James Bay region, Quebec Symbol: AZM.TSX Venture
Azimut intersects 4.9 g/t Au over 45.0 m at Eleonore South, James Bay region,
Quebec
Symbol: AZM.TSX Venture
LONGUEUIL, QC, May 2, 2017 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company" )
(TSXV: AZM ) is pleased to announce the initial results of the first nine (9) holes of a 14-hole (2,733-
metre) diamond drilling program completed in early April on the Eleonore South JV Property. The best
drill intercept to date is 4.9 g/t Au over 45.0 metres , including 13.0 g/t Au over 10.5 metres (Hole ES17-
64). Excellent targets in the immediate vicinity will be drilled to expand this discovery.
This new result is seen as a significant milestone confirming the potential of the Eleonore South Gold
Project, which is adjacent to Goldcorp's Eleonore m ine property. The main target area is a prospective
corridor 3 to 4 kilometres long by roughly 500 metr es wide straddling a tonalite intrusion and its contact
with metasedimentary rocks. This large gold-bearing system is preliminarily interpreted as a late-stage
hydrothermal-magmatic phase directly related to the tonalitic intrusion.
Highlights (see attached Figures 1 and 2, Table 1, Pictures 1 and 2)
- Hole ES17-60: 0.65 g/t Au over 144.0 m including:
5.59 g/t Au over 1.5 m
1.89 g/t Au over 22.5 m
16.45 g/t Au over 1.5 m
- Hole ES17-61: 0.91 g/t Au over 16.5 m
- Hole ES17-62: 0.94 g/ Au over 4.1 m
- Hole ES17-63: 1.06 g/t Au over 3.4 m
- Hole ES17-64: 3.05 g/t Au over 77.3 m including:
4.88 g/t Au over 45.0 m which, in turn, includes
13.0 g/t Au over 10.5 m
- Hole ES17-65: 1.10 g/t Au over 4.5 m
- Hole ES17-66: 1.01 g/t Au over 2.9 m
Diamond drilling results
Table 1 presents the significant gold assays for the first nine (9) holes (ES17-60 to ES17-68) of the
current drilling phase. Drill hole locations are shown on Figure 2 . Further details regarding the description
and interpretation will be provided once all results have been received.
Hole ES17-64 (252 m) was drilled as a 25-metre up-d ip and 25-metre step-out to the west of hole ES16-
51 (0.62 g/t Au over 79.1 m, incl. 5.00 g/t Au over 4.0 m). The wide mineralized intersection grading 3.05
g/t Au over 77.3 m (incl. 4.88 g/t Au over 45.0 m) is hosted in tonalite with generally less than 1%
arsenopyrite and pyrrhotite as disseminations or veinlets. The best grade sections ( 15.06 g/t Au over
3.0 m; 13.00 g/t Au over 10.5 m incl. 37.86 g/t Au over 3.0 m ) are in strongly silicified tonalite carrying 3
to 10 millimetre-wide clusters of native gold, partially controlled by a tight quartz-chlorite stockwork and
moderate biotite alteration ( Pictures 1 and 2 ).
Hole ES17-60 (234 m) targeted the direct strike extension to the SW of the Cheechoo discovery (Sirios) .
A wide mineralized section grading 0.65 g/t Au over 144.0 m corresponds to tonalite with albite and
biotite alteration, and disseminated pyrite, pyrrhotite and arsenopyrite. A higher-grade section ( 1.89 g/t
Au over 22.5 m ) contains disseminated arsenopyrite and bands of a lbite-actinolite alteration.
Hole ES17-61 (231 m) also targeted the SW extension of the Cheechoo discovery. An intersection of 0.91
g/t Au over 16.5 m was obtained in tonalite and pegmatite carrying disseminated arsenopyrite. Two
millimetre-scale grains of native gold were observed within this interval.
Drilling contract and analytical protocol
The drilling contract was awarded to Chibougamau Dr illing Ltd based in Chibougamau, Quebec. The hole
diameter is BTW.
Drill core samples were sent to ALS Minerals in Val-d'Or, Quebec. Gold was analyzed by fire assay with
atomic absorption and gravimetric finish for grades above 3.0 g/t Au. Samples were also analyzed for a
48-element suite using ICP. Azimut applied industry-standard QA/QC procedures to the program.
Certified reference materials, blanks and field duplicates were inserted in all drill core shipments to the
laboratory.
About the Eleonore South Joint-Venture Property
The Eleonore South Property is a three-way joint venture between Azimut Exploration Inc. , Eastmain
Resources Inc. (TSX: ER ) and Les Mines Opinaca Ltée ("Opinaca" ), a wholly-owned subsidiary of
Goldcorp Inc. (TSX: G; NYSE: GG ). Ownership in the Property is as follows: Azimut 26.6%, Eastmain
36.7% and Goldcorp 36.7%. Azimut is the operator of the current program.
This press release was prepared by geologist Jean-M arc Lulin, acting as Azimut's Qualified Person under
National Instrument 43-101.
About Azimut
Azimut is a mineral exploration company with its 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 Ser vices 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-explo ration.com
CO: Azimut Exploration Inc.
CNW 06:30e 02-MAY-17