Azimut Exploration Inc V.AZM

Alternate Symbol(s): AZMTF

Metals & Mining Industrial Metals & Minerals

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.

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Azimut Exploration Inc

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Post by prospector24on Apr 12, 2007 7:30pm

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Post# 12597718

goldcorp

Notes from Goldcorp slide show re: Eleonore Deposit Exploration Program - 2007 Exploration focus on advancing project to pre-feasibility 5 drill rigs currently operating 4 rigs on ice doing in-fill drilling 1 rig defining mineralized zones at depth of app. 800m vertical As of March 22: 50 ddh completed for 25,000m 2-3 drill rigs during summer + geological surveys Geological modeling on-going; to be completed by mid-April First Resource estimation completed by Q2 2007 (NI 43-101) Budget: $18.1M Drilling - $6.5M Mobilization & Logistics - $6.0M Manpower - $3.0M Geology/Geochemistry/Geophysics - $1.1M Exploration Schedule (2007 and beyond) 2007 ($18M) Continue advanced drilling on surface: definition, condemnation, exploration 2008 ($15M) Continue advanced drilling on surface: condemnation, exploration 2009-2010 ($12M and $ 10M) Continue advanced drilling on surface: exploration Initiate advanced exploration underground via decline Summary $55M on exploration and condemnation over 4 years 43-101 Resource – 2nd Quarter 2007 Official Feasibility Study – 4th Quarter 2008 Production Start up – 4th Quarter 2010

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