SOQUEM adds the Galinée and Dalmas properties to its Strategic Alliance with Azimut Symbol: AZM.TSX Venture
SOQUEM adds the Galinée and Dalmas
properties to its Strategic Alliance with Azimut
Symbol: AZM.TSX Venture
LONGUEUIL, QC
,
Oct. 3, 2018
/CNW Telbec/ -
Azimut Exploration Inc.
(
"Azimut"
or the
"Company"
) (
TSXV: AZM
) is pleased to report that SOQUEM has decided to add the Galinée and
Dalmas properties to its Strategic Alliance with Azimut (
"the Alliance"
) covering the
James Bay
region in
Quebec
. The Alliance is dedicated to gold exploration following a predictive mineral
potential modelling performed by Azimut over 176,300 km
2
. The projects selected by SOQUEM
under the terms of the Alliance (see press release dated September 26, 2016) now comprise six
properties totalling 2,144 claims (1,104 km
2
). The
James Bay
region offers quality infrastructure and
is one of the most active regions for gold exploration in
Canada
(
see Figure
).
As previously announced (see press release dated
June 6, 2018
), a substantial
$1.5 million
exploration program, funded by SOQUEM, was conducted this summer and fall on the projects of
the Alliance. Azimut is manager of the work program.
The six properties part of the Alliance are the following:
Galinée
(658 claims),
Dalmas
(88 claims),
Munischiwan
(159 claims),
Pikwa
(435 claims),
Pontois
(441 claims) and
Desceliers
(363 claims).
In addition, three other projects are also subject to preliminary field reconnaissance programs under
the Alliance:
Corvet
(72 claims),
Synclinal North
(46 claims) and
Synclinal South
(54 claims). The
work completed to date comprises:
1,397 rock grab samples from surface prospecting;
153 till samples and 49 soil samples;
Mechanized trenching (at Munischiwan); and
1,017 line-km of helicopter-borne magnetic, electromagnetic and spectrometric surveys (at
Desceliers).
The results will be announced on a timely basis.
This press release was prepared by geologist
Jean-Marc Lulin
acting as Azimut's qualified person
under National Instrument 43-101.
SOQUEM
, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec.
Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has
participated in more than 350 exploration projects and contributed to major discoveries of gold,
diamonds, lithium and other minerals.
Azimut
is a mineral exploration company whose core business is centred on target generation and
partnership development. Targeting is performed using a pioneering proprietary approach to Big
Data analytics, enhanced by extensive exploration know-how. The Company 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 4,651 claims or 2,417 km
2
).
SOURCE
Azimut Exploration Inc.
View original content:
http://www.newswire.ca/en/releases/archive/October2018/03/c3190.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 03-OCT-18