Le Lézard
Classified in: Mining industry, Business
Subject: ECO

Azimut and SOQUEM undertake a $1.5 Million Exploration Program on Seven Gold Projects in the James Bay Region of Quebec


Symbol: AZM.TSX Venture

LONGUEUIL, QC, June 6, 2018 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report on the following:

Prospecting results

A total of 954 grab rock samples were collected on five projects (Munischiwan, Pikwa, Corvet, Pontois and Desceliers) during reconnaissance prospecting in 2017.

These properties have seen little to no historical gold exploration. The targets were defined by a systematic regional-scale predictive modelling approach performed by Azimut (see press release of July 11, 2017). The salient results are presented below:

Munischiwan Property (159 claims, 83.4 km2): 249 samples collected

Pikwa Property (420 claims, 215.3 km2): 232 samples collected

Corvet Property (72 claims, 37 km2): 54 samples collected

Pontois Property (441 claims, 224.7 km2): 225 samples collected

Desceliers Property (363 claims, 188.4 km2): 192 samples collected

Additional analyses and/or petrographic studies are underway to better characterize the polymetallic potential of several prospects discovered on the Munischiwan, Pikwa and Desceliers properties. Grab samples are selective by nature and unlikely to represent average grades.

2018 Exploration Program

The $1.5 million 2018 program is designed to:

The James Bay?Eeyou Istchee Territory is one of the most active regions for gold exploration in Canada. Azimut is among the leading exploration companies in the region with a portfolio of 21 properties covering 4,350 claims (2,260 km2).

This press release was prepared by geologist Jean-Marc Lulin acting as Azimut's qualified person under National Instrument 43-101.

SOQUEM, a subsidiary of Ressources 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 has contributed to major discoveries of gold, diamonds, lithium and other mineral commodities.

Azimut Exploration is a mineral exploration company whose core business is centred on target generation and partnership development. Targeting is performed using a pioneering proprietary approach to Big Data analytics, enhanced by extensive exploration know-how. The Company maintains rigorous financial discipline and has 48.5 million shares outstanding.

Azimut holds a strategic exploration portfolio for gold and base metals in Quebec. The Company's other significant exploration programs include the Eleonore South Property (Azimut-Goldcorp-Eastmain JV) and the Chromaska Property (100% Azimut), both of which have pending results.

www.azimut-exploration.com 

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.


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