Azimut reports major progress in Nunavik
20 Dicembre 2010 - 3:07PM
PR Newswire (Canada)
LONGUEUIL, QC, Dec. 20 /CNW/ -- Symbol: AZM.TSX Venture LONGUEUIL,
QC, Dec. 20 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut") is
pleased to report on significant assay results obtained during the
2010 field exploration programs conducted on the Rex Property and
Rex South Property located in Nunavik, northern Quebec (see
attached map). On both properties, which cover a 160-km emerging
mineralized district, the discovery of several kilometre-long
polymetallic mineralized zones (most notably for gold, silver,
copper and/or tungsten) has been announced with the press releases
of October 13, October 20 and November 8, 2010. Drilling will start
in 2011 with the objective of assessing large-scale surface and
high-quality exploration targets. In-house data processing combined
with extensive field experience has led Azimut to acquire gold
and/or copper targets in Nunavik, which represents 507,000 km(2) of
land in northern Quebec and a new exploration frontier. The
projects, which are 100% owned by Azimut, cover a total of
9,021 claims (3,905 km(2)) and include: -- The Rex Property
(4,704 claims, 2,007 km(2)) - Major targets for copper (RBL,
Cipmyluk-Mevanuk and Kaam zones) and copper-gold-silver (Volcan,
Pir and Pap prospects). - Reanalysis of a high-grade grab sample
that originally yielded 580 g/t Au (see map) returned grades of 476
g/t Au and 192 g/t Au on pulp and reject check assays respectively.
- Interpretation of the airborne geophysical survey (15,969
line-km) and the detailed lake-bottom sediment survey (2,006
samples) is in progress. It may reveal additional high-quality
targets, including several for rare earth elements. -- The Rex
South Property (1,822 claims,794 km(2)) - Optioned to Aurizon Mines
Ltd., which can earn a 50% interest by investing $5 million in
exploration work over 5 years and an additional 15% interest with a
bankable feasibility study (see press release of May 26, 2010). -
Major targets for gold-silver-copper-tungsten (Augossan and Le
Breuil trends) and for gold, silver and/or copper, molybdenum
(Larissa trend, Kumo, Aura, Ferrus and Moly prospects). -
Interpretation of the airborne geophysical survey (5,410 line-km)
and the detailed lake-bottom sediment survey (765 samples) will
begin soon and may reveal additional high-quality targets. -- Other
properties (2,495 claims, 1,432 km(2)) - 8 claim blocks for gold
(895 claims) and 17 blocks mainly for copper (1,600 claims) - Three
of these blocks include notable historical mineralized grab
samples: -- Nantais Block: 15.9 g/t Au and 7.9 g/t Au (Nantais-2
prospect); 1,315 g/t Ag, 0.6 g/t Au, 2.77% Zn, 5% Pb and 0.11% Cu
(Cabane prospect) -- Quutsuki Block: 7.9 g/t Au and 7.0 g/t Au
(PNAR prospect) -- Pelican Block: 1% Cu (PN-2055 prospect); 4.7% Zn
and 29.2 g/t Ag (Pelican Lake prospect). Check analyses on pulps
and rejects were assayed by fire assay and gravity methods by
Laboratoire Expert in Rouyn-Noranda, Quebec. This press release was
prepared by Jean-Marc Lulin, P.Geo., 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. The Company holds the largest
mineral exploration portfolio in Quebec, and owns key gold
properties in the emerging James Bay mining region as well as gold,
base metals and uranium projects in Nunavik. Since 2004, Azimut has
concluded 28 option and strategic agreements on its properties with
major and junior companies. 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. To view this news release
in HTML formatting, please use the following URL:
http://www.cnw.ca/en/releases/archive/December2010/20/c6598.html p
align="center"bJean-Marc Lulin, President and CEO/bbr/ Tel.: (450)
646-3015 - Fax: (450) 646-3045br/ a
href="mailto:info@azimut-exploration.com"info@azimut-exploration.com/a
a href="http://www.azimut-exploration.com/"
cr="true"www.azimut-exploration.com/a/p
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