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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 redbarchettaon Feb 17, 2022 9:49am
281 Views
Post# 34437686

Perfect setup for positive PR's for Elmer & Rex!

Perfect setup for positive PR's for Elmer & Rex!JML couldn't ask for a better environment to deliver news across both projects. 
With Elmer, we're well ahead of most jr's with what is likely 2M ounces soon to be in 43-101 BUT the market is waiting on bated breath so see whether:
1) This is district play - whether other portions of Elmer are pregnant with the same endowment &  mineralization &...
2) Whether this is indeed an orogenic deposit, that potends to richer endowment at depth

This is no small feat to accomplish, but the stock would go (near) parabolic if both are devlivered. Few are the projetcs that check all of the boxes AND have circa 2M ounces of HG gold in a politically stable country already in hand, with power lines and roads already present.  

However, I don't want to imagine why things have taken this long and one part of me distrusts the calm, and reminds me that perhaps a global picture (NR) containing all holes was the preferred route because no stellar holes were in hand - as these would have been reported to support the share price and increase eyes on the stock (if it were the case) as they did with the new shear zone south of ELMER. Yet, Gabbro is on stike to this new discovery with it's utra HG samples..., and the eternal optimist in me gets excited at the new zone potential.  Whatever the case, I'm nearing my limits, and patience is ebbing, so JML if you're reading this...
please get off your office couch and deliver some news already.
Communication is evidently NOT your forte.

Pending assay results
  • The final assay results from the previous drill program completed in June 2021 (!!!!!) are expected shortly (??)  from AGAT Laboratories. Azimut's management believes that the assay results from Patwon thus far provide strong enough indication of geometric and grade continuity to continue delineation drilling on the gold zone exactly as planned.
  • Pending assay results from the summer program comprise 202 grab samples, 116 channel samples and 193 till sample
https://stockhouse.com/news/press-releases/2021/10/18/azimut-commences-a-20-000-metre-drilling-program-advancing-toward-a-maiden-gold
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