Symbol: AZM.TSX Venture
LONGUEUIL, QC, March 14, 2017 /CNW Telbec/ - Azimut
Exploration Inc. ("Azimut") (TSXV: AZM) is pleased to announce the start of a helicopter-borne magnetic
and electromagnetic survey on the Munischiwan gold property, jointly owned with SOQUEM. Munischiwan was acquired within the
framework of the Strategic Alliance with SOQUEM, which covers the James Bay–Eeyou Istchee Territory of Quebec (see press release of September 26, 2016).
The Munischiwan property (120 claims, 62.9 km2) is located about 85 kilometres east of the Cree community of
Eastmain, in an area serviced by road, power and airport infrastructure. Geologically, the
project is situated in the La Grande Subprovince of Archean age and covers part of the Lower Eastmain volcano-sedimentary belt.
It is marked by an arsenic-silver-bismuth-copper-antimony geochemical anomaly in lake-bottom sediments. A gold prospect (3.57 g/t
Au in a quartz-pyrrhotite vein) located 0.8 kilometre from the property boundary is on strike with this anomaly. The regional
magnetic data indicates structural complexities that may have acted as traps for gold mineralization.
The helicopter-borne magnetic and VTEMTMPlus electromagnetic survey will consist of 838 line-kilometres with
100-meter-spaced lines. Geotech Ltd, a firm based in Aurora, Ontario that specializes in
airborne geophysical surveys, will perform the survey. This phase of work is funded by SOQUEM.
SOQUEM, a subsidiary of Investissement Québec, is a leading player in mineral exploration in Québec. Its mission is to
explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and
contributed to major discoveries of gold, diamonds, lithium and other minerals.
Azimut is a mineral exploration company with its core business centred on target generation and concurrent partnership
development. Targets are identified using advanced processing of large geoscientific databases enhanced by extensive exploration
know-how. Azimut holds a strategic position for gold and base metals in Quebec.
This press release was prepared by geologist Jean-Marc Lulin, acting as Azimut's Qualified
Person under National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Azimut Exploration Inc.
To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/March2017/14/c5318.html