Azimut obtains 9.56 g/t Au over 5.36 metres from channel sampling on the Elmer Property,
Azimut obtains 9.56 g/t Au over 5.36 metres
from channel sampling on the Elmer Property,
James Bay Region, Quebec
Symbol: AZM.TSX Venture
LONGUEUIL, QC
,
Oct. 22, 2019
/CNW Telbec/ -
Azimut Exploration Inc.
(
"Azimut"
or the
"Company"
) (
TSXV: AZM
) is pleased to report additional channel sampling results from its
Patwon
Prospect
located on the Company's
wholly-owned Elmer Property
(the "Property") in the
James
Bay
region of Québec (
see Figure 1
).
Seven (7) channels cut the main strike of the quartz veins perpendicularly and define a roughly
30-
metre-wide gold-bearing envelope
. The best composite grades are:
9.56 g/t Au over
5.36 m
(channels Elm-40, -44 and -44')
3.36 g/t Au over
10.32 m
(channels Elm-33 and -33')
1.10 g/t Au over
18.08 m
(channels Elm-42 and -43)
These new results further confirm a significant gold-bearing system on the prospect at least
150 metres along strike by at least 30 metres across.
The current exploration work at Patwon consists of mechanized stripping to be followed by a maiden
diamond drilling program.
HIGHLIGHTS
(
see Figures 2 to 5
)
Additional channel sampling has increased the sampling density on the Patwon Prospect. A total
of 84 samples for 69.27 metres have been collected, bringing the total since
June 2019
to 275
samples for 248.21 metres (see press release of
September 19, 2019
).
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:
Shear veins subparallel to schistosity;
Extensional veins, oriented NW-SE, oblique to the NE-SW schistosity;
Quartz stockwork mainly associated with felsic to intermediate dykes; and
Veins and/or mineralized wall rock at the contact between felsic dykes and mafic host
lithologies.
Several other high-grade prospects located along strike have outlined a multi-kilometre target
area (
see Figure 3
). Additional prospecting has been completed along this trend and analytical
results are pending.
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.
Details of the new channels and results are explained below in relation to the channels and results
previously reported in the press release of
September 19, 2019
:
Channel Elm-33 (3.33 g/t Au over
8.0 m
) was extended by
2.32 m
with channel Elm-33'; the
reported grade in the present press release (3.36 g/t Au over
10.32 m
) combines the values
obtained in these two channels;
Channel Elm-44 (10.06 g/t Au over
4.96 m
) was cut subparallel to channel Elm-40 (24.36 g/t Au
over
0.92 m
); the reported grade in the present press release (9.56 g/t Au over 5.36 m)
combines the values obtained in channels Elm-40, 44 and 44'.
Channel and grab sample positions were recorded with a high-precision GPS. The channels were
generally cut 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 57.4 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.
Azimut's other high-potential properties in the
James Bay
region comprise:
4 gold properties in the Eleonore camp (Eleonore South JV, Opinaca A, Opinaca B, Opinaca
D);
2 gold properties in the Lower Eastmain greenstone belt (Elmer, Duxbury); and
6 copper and copper-gold properties with strong regional-scale footprints (Kukamas, Masta,
Corvet, Kaanaayaa, Corne, Mercator).
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/October2019/22/c6650.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 22-OCT-19