Symbol: AZM.TSX Venture
LONGUEUIL, QC, Oct. 5, 2015 /CNW Telbec/ - Azimut Exploration
Inc. ("Azimut" or "the Company") (TSXV: AZM)
is pleased to provide an update on its activities.
In this difficult commodity market environment faced by the
international mining industry, Azimut's objective is to prudently
manage its activities while remaining technically committed. The
Company maintains a rigorous financial discipline to limit
shareholder dilution: Azimut has 37.6 million shares outstanding,
no debt and $1.2 million in working
capital.
Over the past several months, Azimut has significantly
strengthened its country-scale data-processing capabilities with
new calculation tools. Systematic innovative processing of large
database is at the core of Azimut's exploration activities, and the
Company currently pursues related business opportunities in
Quebec and abroad.
Azimut's exploration strategy is based on two approaches:
generate quality exploration projects using advanced targeting
methods, and concurrently develop partnerships for these targets.
Since 2003, this strategy has led to 29 partnership agreements with
senior and junior companies, and the discovery of more than 400 new
mineralized prospects across Quebec.
The Company holds the largest exploration portfolio in Nunavik,
including the flagship Rex (Cu-Au-REE), Rex
South (Au-Ag-Te-Cu-W) and Nantais (Au-Ag-Cu-Zn) properties,
and a key position in the James
Bay region with four gold properties (Éléonore South,
Opinaca A, B and D) in the immediate vicinity of the major Éléonore
mine operated by Goldcorp.
This press release was prepared by geologist Jean-Marc Lulin acting as Azimut's Qualified
Person under National Instrument 43-101.
SOURCE Azimut Exploration Inc.