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Azimut Exploration Inc V.AZM

Alternate Symbol(s):  AZMTF

Azimut Exploration Inc. is a Canada-based mineral exploration company. The Company holds the mineral exploration portfolio in Quebec. The Company’s projects include Elmer, JB Lithium, JB Nickel and Wabamisk. Its wholly owned flagship Elmer Gold Project is advancing to the initial resource stage in the James Bay region. The Elmer property is located in the central region of the La Grande Subprovince. The property is located five kilometers (km) west of the Billy-Diamond Highway and 60 km from Eastmain, a Cree community on the east coast of James Bay. The Wabamisk property is a 40 km by 10 km gold project located about 70 km south of the Eleonore gold mine (Newmont Corporation) and has a comparable geological context and geochemical signature. Its other key projects include Chromaska, Corne, Doran, Mercator and Pilipas. The Corne property is located within the metasedimentary Opinaca Subprovince (Superior Province), close to the boundary with the Opatica Subprovince.


TSXV:AZM - Post by User

Comment by ChamBidon Jun 24, 2021 9:25am
205 Views
Post# 33440624

RE:Something big will be announced

RE:Something big will be announced I agree Nak1964. This $25 million financing is huge for AZM and it's great that it's with Paradigm as they had been buying on the open market and even yesterday were still buying on the open market. 

I believe that when JML suggested that they could find 2-3 more Patwon type deposits within those 10 targets that he is fully aware of how many they need to explore further following this drill campaign. I'm thinking closer to at least 5. The 20,000m drilling campaign could get doubled more so if they bring in a couple more rigs in the Fall. Once it becomes clear that they do have other similar Patwon deposits on Elmer (which can only be proven following the results of the next drill campaign), the share price will be much higher and for the same amount of funding (and more) there will be much less dilution. This was well played.

Remember, this has nothing to do with Rex as that drilling campaign is funded by SOQUEM.
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