Azimut reports on gold results from the Nantais Project, Nunavik, Northern Quebec
18 Aprile 2012 - 2:54AM
PR Newswire (Canada)
Symbol: AZM.TSX Venture LONGUEUIL, QC, April 19, 2012 /CNW Telbec/
- Azimut Exploration Inc ("Azimut") reports encouraging gold
results from the late summer 2011 prospecting program on its
100%-owned Nantais property in Nunavik, northern Quebec. The
project is located about 80 km south of Xstrata's world-class
Raglan nickel mine and 115 km southwest of the Inuit village of
Kangiqsujuaq. A follow-up program is being planned for this summer
to further assess the property's potential. Highlights of the 2011
prospecting program include Azimut's discovery of two new gold
prospects (16.7 g/t Au from an outcrop and 26.1 g/t Au from a
near-source boulder). Note that grab samples are selective by
nature and unlikely to represent average grades on the property.
Twenty-four (24) grab samples were collected, generally from
outcrops. Significant results are presented below. Sample # Gold
(g/t) Silver (g/t) Copper (%) Zinc (%) L253151 0.262 5.77 - 1.35
L252152 0.168 14.4 0.11 0.62 L253155 - 10.2 0.20 1.78 L253160 16.7
19.5 0.32 - L253161 26.1 6.28 0.20 0.13 Historical results on the
property include the following assays: Nantais-1: 4.7 g/t Au, 5.2
g/t Ag, and 0.11% Cu (grab sample) Nantais-2: 7.9 g/t Au and 7.2
g/t Ag (grab) 15.9 g/t Au, 7.5 g/t Ag, and 0.14 % Cu over 0.2 m
(channel sample) 8.0 g/t Au, and 0.15% Cu over 0.6 m (channel
sample) Cabane: 0.47 g/t Au, 1,600 g/t Ag, 0.15% Sb, 0.12 % Cu,
2.48% Zn, and 7.00% Pb(grab) The Nantais property comprises 211
contiguous claims covering an area of 88 km(2). To date,
mineralization has been recognized along a 2.5-km-long prospective
trend, open in all directions. The prospects are hosted within a
north-trending unit of mafic volcanic rocks belonging to the
Nantais Complex in the Minto Subprovince, a geological division of
the Archean Superior Province. Rock samples were assayed by ALS
Chemex in Val-d'Or, Quebec. This press release was prepared by
geologist Jean-Marc Lulin, a Qualified Person under NI 43-101.
Azimut is a mineral exploration company with the objective of
discovering major ore deposits. The Company's core business is
project generation using cutting-edge targeting methodologies,
along with partnership development. Azimut holds the largest
mineral exploration portfolio in Quebec, including key gold,
copper, uranium and rare earth element properties. 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
AZIMUT EXPLORATION INC. CONTACT: Jean-Marc Lulin, President and
CEOTel.: (450) 646-3015 - Fax: (450)
646-3045info@azimut-exploration.com www.azimut-exploration.com
Copyright
Grafico Azioni Azimut Exploration (TSXV:AZM)
Storico
Da Lug 2024 a Ago 2024
Grafico Azioni Azimut Exploration (TSXV:AZM)
Storico
Da Ago 2023 a Ago 2024