Azimut obtains 33.2% Cr2O3 over 3.55 metres in channel sampling on its Eastmain West Property (Cr, PGE, Ni), James Bay region, Quebec Symbol: AZM.TSX Venture
Azimut obtains 33.2% Cr2O3 over 3.55 metres in channel sampling on its Eastmain West Property (Cr, PGE, Ni), James Bay
region, Quebec
Symbol: AZM.TSX Venture
LONGUEUIL, QC, Jan. 19, 2017 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) reports encouraging results from channel sampling
performed in late 2016 on its 100%-owned Eastmain West Property located in the James Bay region, Quebec. The best channel result is 17.21% Cr2O3 ov er 7.54
m, including 33.2% Cr2O3 ov er 3.55 m, from the Dominic Prospect.
The Eastmain West Property complements Azimut's strategic gold position in the James Bay region, which comprises 15 properties, notably Eleonore South
(Azimut–Goldcorp–Eastmain Resources JV) and four projects in a regional alliance with SOQUEM.
The Eastmain West Property offers significant exploration and dev elopment potential for a large chromite deposit based on the following:
A strategic location in a highly accessible region with major infrastructure nearby (Figure 1);
Chromite mineralization and accompanying platinum group element (PGE) v alues related to a prospectiv e horizon at least 4 km long in a mafic-ultramafic
intrusion with a strong magnetic and electromagnetic footprint (Figures 2 and 3);
The Prov ince of Quebec is recognized as one of the best mining jurisdictions worldwide, and has built constructiv e relationships with local communities,
including First Nations communities;
No chromite producers in North America and a fav ourable market env ironment.
The Eastmain West Property comprises 66 claims cov ering a surface area of 35 km2. It is located close to major infrastructure (permanent roads, power lines,
airports), 45 km northeast of the municipality of Nemaska and 35 km north of the Whabouchi mining project (Nemaska Lithium).
In late 2016, a total of 73 rock samples were collected during a short prospecting program, including 59 channel samples and 14 grabs. Channel sampling, with a
cumulativ e length of 53.10 m in fiv e (5) distinct channels, was performed to follow up on prev iously reported high-grade chromium results (see press release of
May 19, 2011). Channel lengths were limited by ov erburden thickness and a creek.
Salient results are:
17.21% Cr2O3 ov er 7.54 m, including 33.2% Cr2O3 and 0.41 g/t PGE (Pt, Pd) ov er 3.55 m (Dominic Prospect, channel 3). The best result along this channel
is 40.24% Cr2O3 ov er 1.55 m;
5.13% Cr2O3 ov er 22.49 m, including 23.1% Cr2O3 ov er 0.55 m, 19.57% Cr2O3 and 0.20 g/t PGE ov er 2.60 m (Sledgehammer Prospect, channel 1);
8.59% Cr2O3 ov er 6.54 m, including 17% Cr2O3 and 0.22 g/t PGE ov er 1.18 m, 22.5% Cr2O3 and 0.14 g/t PGE ov er 0.98 m (Sledgehammer Prospect,
channel 2).
Chromite mineralization occurs as disseminated to massiv e chromite horizons hosted in ultramafic intrusiv e facies (dunite, harzburgite). The results of a prev iously
reported mineralogical study indicate v ery coarse chromite grains in a magnesium-rich alumino-silicate matrix. Accordingly, a primary grind should be sufficient to
easily liberate the chromite from the silicate gangue. An additional preliminary study of the chromite grains indicate a 44.5% Cr2O3 content and Cr/Fe ratios
ranging from 1.63 to 2.4.
The geological context of the Eastmain West Property (also described as the Lac Fed area) and its chromite mineralization share many common features with
the chromite-bearing intrusions of Ontario's Ring of Fire, as highlighted by sev eral independent studies, notably one from the Geological Surv ey of Canada (Open
File 7856, 2015).
The Eastmain West Property is at an early exploration stage, but displays well-defined and extensiv e targets. The next work program will consist of mechanical
stripping and diamond drilling.
Rock samples were assayed by ALS Chemex of Val-d'Or, Quebec, using 4-acid digestion and ICP-AES/ICP-MS (48-element analytical package), fire assay and
ICP-MS (gold, platinum and palladium analysis), sodium peroxide fusion and ICP-AES (retesting of high-grade chromium samples). Onsite work was performed by
Serv ices Technominex Inc, a geological contractor based in Rouyn-Noranda, Quebec.
This press release was prepared by geologist Jean-Marc Lulin, acting as Azimut's Qualified Person under National Instrument 43-101.
Azimut is a mineral exploration company with a core business centred on target generation and concurrent partnership dev elopment. Targets are identified using
adv anced processing of large geoscientific databases, enhanced by extensiv e exploration know-how. Azimut holds a strategic position for gold and base metals in
Quebec.
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.
%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 19-JAN-17