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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

Post by chintzyon May 24, 2021 9:23pm
284 Views
Post# 33258188

Pikwa

PikwaThis is becoming a mystery drama...what could explain this delay? Kaiser was right to bite AZM in the rear. He can apologize later if good results come out with an explanation that makes it all make sense. The delay could easily be associated with a discovery. We get pissed off by an unexplained delay and it causes us to assume to the negative when we actually have no way of knowing. JML is a methodical, unemotional, scientific guy so there is likely a good explanation for this. it is unlikely the reason is that they are lazy, disorganized, stupid, or aholes who don't care about shareholders. If the results were a major disappointment I think they would have published that then continued the focus on Elmer, not a big deal, get it done with and bear down on the flagship project. There is at least an equal chance that the delay is associated with good news. Look at all of these survey, testing, data-based indications flashing positive and the clues from Mythril. What are the chances it's an illusion and there's actually nothing there - low I'd say.

Copperfield East is defined as the spatial association of:

  1. A strong regional-scale copper anomaly in lake-bottom sediments ("LBS") centred over the Property. The footprint also includes polymetallic components (molybdenum, silver, bismuth and tungsten).
  2. A strong copper-in-soil anomaly with a polymetallic footprint comparable to the LBS anomaly defined above. The anomaly forms a well-delineated target 5.5 kilometres long by 500 metres wide (locally up to 750 m) within the contours of the LBS copper anomaly. Peak values are 294 ppm for copper, 0.161 ppm for gold, 0.584 ppm for silver and 42.1 ppm for molybdenum.
  3. A 10-kilometre-long corridor of IP-chargeable anomalies of moderate to strong amplitudes superimposed on the copper-in-soil anomaly. Most IP-chargeable anomalies correspond to resistivity highs or occur along the contacts of more resistive units (probably more silica-rich units). The anomalies are subcropping, continuous at depth, and generally dip moderately to steeply to the south.
  4. Two 500-metre-long VTEM conductors that correlate with IP anomalies. In this context, the VTEM anomalies represent attractive targets for massive to semi-massive sulphide mineralization despite the weak soil geochemistry footprint due to thick glacial sediment cover.
  5. A significant mineralized boulder field of mostly angular to slightly rounded boulders that follows the long axis of the soil anomaly. The best grades from 141 sampled boulders were 20.1% Cu, 2.99 g/t Au, 58 g/t Ag and 0.24% Mo.
  6. Several high-grade mineralized outcrops within the soil anomaly in the eastern part of the target where glacial sediment cover is thinnest. The best grades are 9.81% Cu, 13.45 g/t Au and 37.6 g/t Ag (grab sample A0366271).

Collectively, the IP anomalies, copper-in-soil anomaly and mineralized boulder field are best explained by a major Cu-Au-Ag-Mo mineralized system in the bedrock of the Property (already partly identified in mineralized outcrops). Grab samples are selective by nature and unlikely to represent average grades.



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