Azimut reports on excellent gold prospecting results from its new Elmer Property, James Bay region, Quebec Symbol: AZM.TSX Venture
Azimut reports on excellent gold prospecting
results from its new Elmer Property, James
Bay region, Quebec
Symbol: AZM.TSX Venture
LONGUEUIL, QC
,
Nov. 20, 2018
/CNW Telbec/ -
Azimut Exploration Inc.
(
"Azimut"
or the
"Company"
) (
TSXV: AZM
) is pleased to report the results of a preliminary assessment program on
its recently acquired
wholly-owned Elmer Property
located in the
James Bay
region of
Quebec
.
The best gold grades from this high-grade property include
77.8 g/t Au
and
167.0 g/t Ag
at the
Gabbro Zone,
54.6 g/t Au
at the Patwon Zone and
8.56 g/t Au
at the Gold Zone (grab samples;
see Figures 1 to 3
).
These new results strengthen the exploration potential of the Property where a gold-bearing corridor
12 kilometres long by up to 3 kilometres wide represents a major underexplored target.
Azimut will conduct a significant program in 2019 before drilling. The program will include systematic
prospecting, channel sampling and mechanized stripping.
HIGHLIGHTS
The three-day field program on the Property covered three underexplored prospects: Gabbro,
Patwon and Gold;
The 46 samples, including 30 grab and 16 channel samples, yielded the following significant
results:
Gabbro Zone (11 samples including 4 samples with grades above 1.0 g/t Au)
7.98 g/t Au, 18.43 g/t Ag over
0.55 m
(channel)
77.8 g/t Au, 167.0 g/t Ag
(grab)
60.4 g/t Au, 122.0 g/t Ag
(grab)
6.11 g/t Au, 9.49 g/t Ag
(grab)
Patwon Zone (28 samples including 15 samples with grades above 1.0 g/t Au)
2.90 g/t Au over
3.50 m
(channel)
5.29 g/t Au over
0.60 m
(channel)
54.6 g/t Au, 6.44 g/t Ag
(grab)
5.61 g/t Au, 14.25 g/t Ag
(grab)
4.57 g/t Au
(grab)
2.94 g/t Au
(grab)
Gold Zone (7 samples including 2 samples with grades above 1.0 g/t Au)
8.56 g/t Au
(grab)
1.28 g/t Au, 0.158% Cu
(grab)
Grab samples collected during prospecting are selective by nature and unlikely to represent
average grades.
Preliminary observations of gold mineralization are as follows:
Gabbro Zone
: hematized and
boudinaged quartz veins with traces of pyrite hosted in sheared gabbro;
Patwon Zone
: quartz
veins and quartz-ankerite stockwork with pyrite in the wall rock, hosted in sheared mafic
metavolcanics;
Gold Zone
: quartz-ankerite veins with pyrite, pyrrhotite and chalcopyrite hosted
in sericitized mafic metavolcanics.
Azimut acquired the Elmer Property (190 claims, 99 km
2
) by map designation (see press release of
September 13, 2018
). It is located 285 kilometres north of
Matagami
, 60 kilometres east of the
municipality of
Eastmain
, and 40 kilometres west of the James Bay Road, a major paved highway.
Azimut is currently reviewing and reprocessing the large historical database that already exists for
the Property to build a robust exploration model.
The field assessment program was carried out under the direction of François Bissonnette,
Operations Manager for Azimut, and Dr. Martin Tuchscherer, Chief Geologist for Azimut. This press
release was prepared by Dr.
Jean-Marc Lulin
, P.Geo., acting as Azimut's qualified person under
National Instrument 43-101.
Azimut Exploration
is a mineral exploration company whose core business is centred on target
generation and partnership development. The Company's
pioneering proprietary approach to Big
Data analytics is
enhanced by extensive exploration know-how. Azimut maintains rigorous financial
discipline. It has 48.5 million shares outstanding.
Azimut holds a strategic position for gold and base metals in
Quebec
, including
one of the largest
exploration portfolios in the
James Bay
region (22 properties covering 4,573 claims or 2,378 km
2
).
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/November2018/20/c4717.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 20-NOV-18