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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

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Post by Clint007on Sep 13, 2012 9:29am
195 Views
Post# 20355749

News, News: encouraging Copper-Gold results ...

News, News: encouraging Copper-Gold results ...

Azimut obtains encouraging Copper-Gold results from the Copperton Zone on the Rex South property, Nunavik, Quebec

LONGUEUIL, QC, Sept. 13, 2012 /CNW Telbec/ - Azimut Exploration Inc ("Azimut" or "the Company") (TSXV: AZM) announces that the Company has received encouraging results from its in-fill sampling program performed on the Copperton Zone on its wholly owned Rex South Property in Nunavik, Northern Quebec . The Copperton Zone returned consistent Copper-Gold-Silver grades within a known mineralized envelope measuring 3,500 metres long by 20 to 100 metres wide (see appended map). The next phase of exploration will consist of airborne geophysics and drilling.

A total of 218 grab rock samples were collected along this zone in 2012, mostly from outcrops. Grab samples are selective by nature and unlikely to represent average grades. The best grades include:

  • 7.37% Cu, 3.86 g/t Au, 56.9 g/t Ag (sample L253563)
  • 2.17% Cu, 9.56 g/t Au, 31.4 g/t Ag (sample L253585)
  • 1.19% Cu, 1.96 g/t Au, 11.5 g/t Ag (sample L253742)
  • 0.74% Cu, 4.62 g/t Au, 4.46 g/t Ag (sample L253549)

The results for all 273 samples collected from this zone in 2011 and 2012 can be summarized as follows:

  • Copper: 91 samples returned grades higher than 0.1% Cu, including 32 samples with grades ranging from 0.5% to 9.28% Cu
  • Gold: 89 samples returned grades higher than 0.1 g/t Au, including 19 samples with grades ranging from 1.0 g/t to 9.56 g/t Au
  • Silver: 77 samples returned grades higher than 1.0 g/t Ag, including 14 samples with grades ranging from 10.0 g/t to 82.7 g/t Ag

Several samples also returned significant tellurium (up to 38.4 g/t Te) and cobalt values (up to 500 ppm Co). The Copperton Zone's characteristic chalcopyrite and pyrite mineralization is hosted within a variably sheared steeply dipping feldspathic intrusion, amphibolites and gneissic metasediments. It occurs as disseminated mineralization, in veinlets and semi-massive sulphide lenses.

Rock samples were sent to ALS Minerals in Val-d'Or, Quebec , and were assayed using an ICP method. On-site field operations were managed by Azimut's senior project geologist, François Bissonnette, P.Geo. This press release was prepared by geologist Jean-Marc Lulin, P.Geo., acting as Azimut's Qualified Person under NI 43-101.

Azimut is a mineral exploration company with the objective of discovering major ore deposits. The Company's core business is project generation using cutting-edge targeting methodologies, along with partnership development. Azimut holds the largest mineral exploration portfolio in Quebec .

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


PDF available at: https://stream1.newswire.ca/media/2012/09/13/20120913_C6215_DOC_EN_17810.pdf

SOURCE: AZIMUT EXPLORATION INC.

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