Azimut starts a 15,000-metre drilling program on the Elmer Property, James Bay region, Quebec 10,000 metres to expand the Patwon gold discovery 5,000 metres to test new high-quality targets
Azimut starts a 15,000-metre drilling program
on the Elmer Property, James Bay region,
Quebec
10,000 metres to expand the Patwon gold discovery
5,000 metres to test new high-quality targets
LONGUEUIL, QC
,
Jan. 27, 2021
/CNW Telbec/ -
Azimut Exploration Inc.
("Azimut" or the
"Company") (TSXV: AZM) is pleased to announce the start of a 60-hole diamond drilling program
totalling 15,000 metres on the Company's
100% owned Elmer Property
(the "Property") in the
James Bay
region of
Quebec
(
see Figures 1 to 4
). Drilling will start the first week of February.
The objectives are:
1
.
Expand the Patwon Zone along strike and at depth with 10,000 metres of drilling.
2
.
Test new high-quality targets with 5,000 metres of drilling in a priority corridor 8
kilometres long by 3 kilometres wide that contains the Patwon discovery.
Patwon Zone
The strategy is to increase the size of the known mineralized body by drilling 30 additional holes
over a strike of 800 metres and to a depth of 350 metres based on systematic 50-metre drilling
increments along strike and at depth. At this stage, the priority is expansion rather than infill
drilling.
In reference to the
press release of
November 30, 2020
:
The Patwon Zone was discovered in
November 2019
during the maiden drilling program of
996 metres (7 holes). To date, 11,511 metres (62 holes) have been drilled by Azimut on the
Elmer Property.
The Patwon Zone is wide, geometrically simple and consistent, based on the results of 39
mineralized holes drilled on 50-metre centres.
The mineralized zone is currently defined over a strike length of 500 metres, a depth of 250
metres and a true width of up to 80 metres. The steeply dipping mineralized body is open along
strike and at depth.
The preliminary geometry may support the concept of an initial open pit mining operation. The
consistent high-grade component in most holes may indicate the potential for an underground
mine. The deposit type ("orogenic gold") suggests the possibility of a kilometre-scale vertical
extension.
The 39 gold-bearing intervals currently defining the Patwon mineralized envelope are presented
in
Table 1
(previously disclosed). The best mineralized intervals to date are reported in
Table 2
.
New Drilling Targets
About 30 holes will be drilled to test new targets identified by integrating comprehensive databases
(see below). Most of the data is the result of fieldwork conducted in 2020 and early 2021. Holes
drilled in swampy areas will be prioritized to take advantage of the frozen ground in winter. Further
details will be provided after the Company finalizes the targeting process.
Ground geophysics
(
Induced polarization
or
"IP"
): 51.9 line-kilometres centred on Patwon (
press release of
March 18, 2020
) and 100 line-kilometres to expand the previous survey within
the 8-kilometre by 3-kilometre priority corridor (
press release of
December 14, 2020
).
Preliminary results of the ongoing IP survey are very encouraging.
Till sampling:
192 till samples (glacial sediments) collected within the priority corridor. The
results identified nine (9) gold-bearing clusters, mostly dominated by pristine gold grains
suggesting short transportation distances from multiple mineralized bedrock sources. Several
clusters display good spatial correlation with known but undrilled high-grade gold prospects. The
survey also characterizes the Patwon footprint, which will be used to optimize the ranking
process of the new targets (
press release of
January 19, 2021
).
Prospecting
: 863 rock samples, including 102 samples from Patwon, collected in 2019 and
2020, mostly within the high-priority corridor. This work uncovered or assessed several
prospects, including
58.20 g/t Au
and
18.55 g/t Au
(undrilled, 2.6 km NW of Patwon),
18.25 g/t
Au
and
17.15 g/t
Au
(limited drilling, 1.5 km NE of Patwon) and
8.60 g/t Au
and
6.73 g/t Au
(undrilled, about 3.5 km SW of Patwon) (
press release of
November 30, 2020
)
. Grab samples
are selective by nature and unlikely to represent average grades.
Property-scale structural analysis
: advanced geophysical processing of high-resolution
magnetic heliborne surveys, remote sensing data and field data.
Advanced geochemical targeting:
using the proprietary
AZtechMine
TM
expert system.
Exploring during a pandemic
In the COVID-19 pandemic context, Azimut has implemented strict protective measures for its
operations, that follow INSPQ and CNESST guidelines. The Cree Nation Government has reviewed
the Company's protocols. Azimut acknowledges the excellent collaboration from the Cree authorities
to help advance operations under these very challenging circumstances.
The measures are
continuously monitored and regularly adjusted, as needed.
Operational contracts and procedures
The drilling contract is awarded to RJLL Drilling Inc. of
Rouyn-Noranda, Quebec
. The core diameter
is NQ.
Core samples will be sent to AGAT Laboratories of
Mississauga, Ontario
. Gold will be analyzed by
fire assay, with atomic absorption and gravimetric finish for grades above 3.0 g/t Au. Samples will
also be analyzed for a 48-element suite using ICP. Azimut applies industry-standard QA/QC
procedures to the program. Certified reference materials, blanks and field duplicates are included in
all drill core batches sent to the laboratory.
The Elmer Property
The Elmer Property comprises 515 claims covering 271.3 km
2
over a 35-kilometre strike length. The
Property is 285 kilometres north of
Matagami
, 60 kilometres east of the village of
Eastmain
, and
5 kilometres west of the paved James Bay Road, a major all-season highway. The region benefits
from quality infrastructure, including significant road access, a hydroelectric power grid and airports.
Dr.
Jean-Marc Lulin
, P.Geo., prepared this press release as Azimut's qualified person under
National Instrument 43-101. The field program is managed by François Bissonnette, P.Geo.,
Operations Manager and
Simon Houle
, P.Geo., Chief Geologist. Both have reviewed the content of
this press release.
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 69.2 million shares outstanding. Azimut's competitive
edge against exploration risk is founded on systematic regional-scale data analysis and multiple
concurrently active projects.
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/January2021/27/c8758.html
%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 27-JAN-21