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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 Nak1964on Mar 08, 2021 8:19am
159 Views
Post# 32741496

RE:Elmer ....and soon Rex in April

RE:Elmer ....and soon Rex in AprilAnd for those who worry about the drop in gold price, the actual  gold price is what was the price last year when this stock went from .50 to 1.70$ After the initial resuts on Elmer. Plus, when the deposit is sold it will be base on an average price, not the highest or the lowest ...depending on how many companies are ready to make a bid for it. I believe interested parties are probably circling around waiting to get a better vision of how large is the deposit. Will know more with the next bunch of results.
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