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Bullboard - Stock Discussion Forum 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... see more

TSXV:AZM - Post Discussion

Azimut Exploration Inc > Something big will be announced
View:
Post by Nak1964 on Jun 24, 2021 9:15am

Something big will be announced

That 25 millions dollars plus is 6 times what they need for the plan fall campaign( 20000 m). Its probable 200-250$/ m to drill on Elmer. They must have hit big on other zones or something much larger is being planned on Rex. Keep an eye on that angle.
Comment by ChamBid on Jun 24, 2021 9:25am
I agree Nak1964. This $25 million financing is huge for AZM and it's great that it's with Paradigm as they had been buying on the open market and even yesterday were still buying on the open market.  I believe that when JML suggested that they could find 2-3 more Patwon type deposits within those 10 targets that he is fully aware of how many they need to explore further following ...more  
Comment by Frank2015 on Jun 24, 2021 9:50am
The 37 drills results we are awaiting for should establish the reality of Elmer containing more than one Pawton. My point is that they might have already a very good idea visually if it does.  As for Rex, in his video conference, JML mentionned that they were on the ground since early april and to patient that some news would come out soon that should satisfy those awaiting for such news. It ...more  
Comment by BILLMINER on Jun 24, 2021 11:01pm
I agree Frank 2015, something big is coming in terms of news. Discovery going to add a few rigs come fall on Patwon and close by, plus drilling on Rex. That’s my guess. When this PP closes which I expect soon, then news releases will start to flow. Need to be cashed up for that.