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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

Bullboard Posts
Post by SuneeDazeon Jan 14, 2020 8:52pm
232 Views
Post# 30553651

Significant Results

Significant ResultsQuite significant results from Azimut today.  What was particularly impressive was obviously the thickness of the intersections, as well as the continuity of grades within each hole and the continuation of those thicknesses and grades from hole to hole.
 
Unlike other companies, that often report a singular strong hole within a batch of holes, AZM’s holes ELM19-001 through ELM19-007 all continued highly anomalous gold values over significant widths.  And each intersection isn’t the sole result of one narrow, bonanza high grade averaged over significantly lesser grade material.  Each of the holes contains multiple zones (usually 3 or 4) of gold mineralization as evidenced by hole 2 below.
 
Hole ELM19-002:
** 3.15 g/t Au over 102 m (from 34.0 m to 136.0 m), including;
* 5.15 g/t Au over 9 m (from 33.5 m to 42.5 m);
* 1.10 g/t Au over 28.5 m (from 58.7 m to 87.2 m);
* 10.1 g/t Au over 20.5 m (from 96.5 m to 117.0 m);
- Including 12.43 g/t Au over 6 m (from 99.5 m to 105.5 m);
 And 107.0 g/t Au over 1 m (from 116.0 m to 117.0 m);
- 3.22 g/t Au over 11.0 m (from 125.0 to 136.0 m).

Clearly the focus will now be on the Patwon Zone and the potential along its 7 km trend.  However, it’s also worthwhile to note other zones on the Elmer property that have also produced high grades including the West Zone/Vein Zone where past grab samples have assayed up to 4.65 g/t gold, 160 g/t silver, 7% copper and 4.7% zinc, as well as the Gabbro Zone (among others) that returned grabs grading up to 77.8 g/t gold and 167 g/t silver.
 
Like I said in the outset, results released today were quite significant; and there’s no doubt that AZM investors can look forward to several weeks/months of further results, and the aniticpation, speculation and price appreciation that will inevitably occur as the program continues.  This is just the beginning.
 
Have a good night!
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