AZM Azimut Exploration Inc

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

Copyright