Breaking News

Icahn Takes 8.48% Stake in Hertz; May Seek Talks, Board Seat
Tweet TWEET

Azimut expands its stake in Nunavik, Quebec

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 
samples) including: 


    --  3 prospects with values up to 1.7% Cu and 0.54 g/t Au on
        Qassituq;
    --  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 
info@azimut-exploration.com www.azimut-exploration.com

SOURCE: AZIMUT EXPLORATION INC.

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/17/c6597.html

CO: AZIMUT EXPLORATION INC.
ST: Quebec
NI: MNG MNA 

-0- Jan/17/2013 14:00 GMT


 
Press spacebar to pause and continue. Press esc to stop.