Azimut completes exploration program along the Rex Trend in Nunavik, Northern Quebec
11 Settembre 2012 - 3:00PM
PR Newswire (Canada)
Symbol: AZM.TSX Venture LONGUEUIL, QC, Sept. 11, 2012 /CNW Telbec/
- Azimut Exploration Inc ("Azimut" or "the Company") reports that
the Company has completed an intensive work program along the Rex
Trend, comprising the Rex, Rex South and NCG properties, as well as
on the Nantais property. Results will be released on a timely
basis. The Rex Trend is considered by Azimut's management to be a
new mineral province within the Archean Superior Province in
Northern Quebec, with a potential for hosting large-scale deposits,
including Iron Oxide Copper Gold ("IOCG") deposits,
intrusion-related polymetallic deposits, and sediment-hosted gold
deposits. Azimut has developed a commanding position in this
region, which covers a 330-km-long strong copper anomaly in
lake-bottom sediments coupled with a strong 100-km-long rare earth
anomaly. The 2012 program was designed to: (a) increase the
sampling density on already known quality mineralized zones; and
(b) perform reconnaissance prospecting on newly defined targets. A
total of 774 rock grab samples have been collected on the different
properties as follows: -- Rex property: 175 samples -- Rex South
property: 410 samples -- NCG property: 61 samples -- Nantais
property: 128 samples Since 2010, exploration programs on Azimut's
properties have led to the discovery of at least 400 mineral
prospects, including five IOCG zones (containing mostly copper) and
intrusion-related polymetallic
(gold-silver-copper-tungsten-tin-bismuth) mineralization (see press
release dated June 12, 2012). Work performed to date on the
properties comprises 21,379 line-km of airborne geophysics, 6,226
in-fill lake-bottom sediment samples, 7,628 rock samples from
prospecting, and 7,070 m of rotary drilling (82 holes), giving
Azimut a key exploration edge in the region. 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
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. The Company has
36.47 million shares issued and maintains a rigorous business
approach to minimize equity dilution. The Company currently has
working capital of $3.5 million. 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
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