Symbol: AZM.TSX Venture
LONGUEUIL, QC, Jan. 17, 2013 /CNW Telbec/ - Azimut Exploration Inc ("Azimut"
or "the Company") (TSXV: AZM) announces that the Company has acquired by map
staking three (3) new properties, the Qassituq, Kovik and Tasinga properties,
for their copper and gold potential. Located in the Raglan region in Northern
Quebec, these projects are the result of systematic data processing performed
by Azimut over the entire region.
Totalling 434 claims (178 km(2)) in 6 blocks, the properties display very
strong geochemical anomalies in lake-bottom sediments, notably in arsenic
and/or copper. They comprise several historical mineralized prospects (grab
-- 3 prospects with values up to 1.7% Cu and 0.54 g/t Au on
-- 2 prospects with values up to 1.5% Cu on Tasinga.
In addition, the Kovik property covers the possible western extension of an
11-km-long copper and gold system recently identified on the Gerfaut property
by Corvus Gold Inc (TSX: KOR). This project hosts significant historical
prospects, including 3.0 g/t Au over 10.5 m (drill hole) and up to 1.52% Cu
(grab sample). Results reported by Corvus Gold in 2012 include grab samples
with up to 23.6 g/t Au and 3.8% Cu.
Azimut is one of the leading exploration companies in Nunavik, where it holds
a commanding position over extensive prospective trends for gold and
polymetallic mineralization (press release dated June12, 2012). This
includes the following mineralized zones:
-- Copperton Zone (copper-gold) on the Rex South property (press
release dated September 13, 2012);
-- Augossan Zone (copper-tungsten-gold-silver) on the Rex South
property (press release dated October 4, 2012);
-- RBL Zone (copper) and CM Zone (copper) on the Rex property
(press releases dated February 9, 2012); and
-- Nantais (gold-copper) on the Nantais property (press release
dated September 18, 2012).
Azimut has the largest mineral exploration portfolio in Quebec. All its key
properties are covered by sufficient exploration work and are in good
standing. Partnership development continues to be a top priority for Azimut.
The Company currently benefits from partnership agreements on the following
projects: Eleonore South (Goldcorp, Eastmain Resources), Wabamisk
(Goldcorp), and Opinaca A & B (Aurizon Mines, Everton Resources). Azimut has
36.47 million shares issued and will maintain its business approach of
minimizing equity dilution.
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.
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
Jean-Marc Lulin, President and CEO Tel.: (450) 646-3015 - Fax: (450) 646-3045
SOURCE: AZIMUT EXPLORATION INC.
To view this news release in HTML formatting, please use the following URL:
CO: AZIMUT EXPLORATION INC.
NI: MNG MNA
-0- Jan/17/2013 14:00 GMT
Press spacebar to pause and continue. Press esc to stop.