Azimut strengthens the Augossan Zone (Cu-W-Au-Ag) on its Rex South property, Nunavik, Quebec
30 Settembre 2012 - 11:49PM
PR Newswire (Canada)
Symbol: AZM.TSX Venture LONGUEUIL, QC, Oct. 4, 2012 /CNW Telbec/ -
Azimut Exploration Inc ("Azimut" or "the Company") announces that
the Company has received new results from an in-fill sampling
program performed on the Augossan Zone on its wholly owned Rex
South Property in Nunavik, Northern Quebec. The Augossan Zone
returned Copper-Tungsten-Gold-Silver grades within a broad
mineralized envelope measuring 7,000 metres long by 100 to 350
metres wide (see appended maps). The next phase of exploration will
consist of additional drilling to follow up on previous drilling
intersections and to test new targets. A total of 78 grab rock
samples were collected along this zone in 2012, mostly from
outcrops. Grab samples are selective by nature and unlikely to
represent average grades. The best grades include: Copper (%)
Tungsten (%) Gold (g/t) Silver (g/t) Sample # 0.84 1.03 - 31.4
L253840 1.71 0.02 1.3 17.9 L253842 1.27 0.18 - 45.1 L253839 0.37
0.21 0.6 62.3 L253836 0.09 1.35 0.4 - L253803 1.08 0.02 0.6 9.0
L253849 The results for all 788 samples collected from this zone
from 2010 to 2012 can be summarized as follows: -- Copper: 136
samples returned grades higher than 0.1% Cu, including 25 samples
with grades ranging from 0.5% to 2.56% Cu -- Tungsten: 71 samples
returned grades higher than 0.05% W, including 49 samples with
grades ranging from 0.1% to 4.62% W -- Gold: 141 samples returned
grades higher than 0.1 g/t Au, including 28 samples with grades
ranging from 1.0 g/t to 23.3 g/t Au -- Silver: 209 samples returned
grades higher than 1.0 g/t Ag, including 49 samples with grades
ranging from 10.0 g/t to 90.0 g/t Ag Reconnaissance drilling
performed in 2011 along the Augossan Zone totalled 4,333 m in 46
shallow holes (see press release dated April 4, 2012). A
compilation of available results (drilling, channel, and grab
samples) indicates that a number of significant targets along this
zone have not yet been drill tested. The Augossan Zone straddles
the contact zone between a 15 by 5 km granitic intrusion and its
volcano-sedimentary host rocks (see press release dated October 31,
2011). The Augossan Zone is of interest for its polymetallic
potential, particularly its tungsten content. The price of tungsten
has surged in recent years due to an increase in global demand and
export restrictions from China, which accounts for about 83% of
worldwide production. Current tungsten prices are US$360 per metric
ton unit of WO(3) (equivalent to US$45.40/kg or US$20.59/lb of
tungsten metal). Rock samples were sent to ALS Minerals in
Val-d'Or, Quebec, and were assayed using an ICP method with check
analysis for tungsten using X-ray fluorescence. On-site field
operations were managed by Azimut's senior project geologist,
François Bissonnette, P.Geo. This press release was prepared by
geologist Jean-Marc Lulin, P.Geo., acting as Azimut's Qualified
Person under National Instrument 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. 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 SOURCE AZIMUT EXPLORATION INC. PDF
available at:
http://stream1.newswire.ca/media/2012/10/04/20121004_C4269_DOC_EN_18909.pdf
AZIMUT EXPLORATION INC. CONTACT: Contact and InformationJean-Marc
Lulin, President and CEOTel.: (450) 646-3015 - Fax: (450)
646-3045info@azimut-exploration.com www.azimut-exploration.com
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