Azimut completes comprehensive work program at REX, Nunavik, Quebec
28 Settembre 2010 - 3:00PM
PR Newswire (Canada)
LONGUEUIL, QC, Sept. 28 /CNW/ -- Symbol: AZM.TSX Venture LONGUEUIL,
QC, Sept. 28 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut") has
successfully completed a major work program on its wholly owned REX
property located in Nunavik, Quebec. Azimut's management believes
the REX property has excellent exploration potential, most notably
for Iron Oxide Copper Gold (IOCG-type) mineralization (see press
release of March 4, 2010). Results are pending. Work on the
property comprised: - 15,969 line-kilometres of a high-resolution
airborne magnetic and spectrometric geophysical survey with 200-m
spaced lines over a distance of about 100 km. The contract was
completed by Novatem Inc. based in Mont-Saint-Hilaire, Quebec. -
2,006 lake-bottom sediment samples that will be used to further
define the property-scale geochemical footprint and rank high
quality targets. The contract was completed by Geo Data Solutions
Inc. based in Laval, Quebec. - 1,430 rock grab samples collected
across the property during an intensive reconnaissance program
performed by Azimut's exploration team. The REX property comprises
4,420 claims over a surface area of 1,886 km2, with a 100-km strike
length in a north-south direction. It is situated approximately 130
km east of Hudson Bay and the shoreline community of Puvirnituq, in
a largely under-explored region. Azimut previously reported on
several historical prospects (notably for gold, silver, copper and
cobalt) identified within the property limits (see press release of
December 4, 2009). This press release was prepared by geologist
Jean-Marc Lulin acting as Azimut's Qualified Person under NI
43-101. Azimut is a mineral exploration company using cutting-edge
targeting methodologies with the objective of discovering major ore
deposits. Azimut holds one of the largest mineral exploration
portfolios in Quebec. The exploration budget for its properties
will reach a minimum of $6.5 million in 2010. Azimut has 25.1
million shares issued. 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. %SEDAR: 00003284EF
Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax:
(450) 646-3045, info@azimut-exploration.com.;
www.azimut-exploration.com
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