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Azimut Exploration Inc.
Summary
| Project: | Elmer | |
|---|---|---|
| Deposit: | Patwon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/14/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-1-2020: Azimut Exploration Inc. announces an Exploration/Drilling Update report for its Patwon deposit at the Elmer project. Drilling results incl. 102.0m @ 3.15g/t Au from 34.0m. LONGUEUIL, QC, Jan. 14, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Az | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jean-Marc Lulin (Internal) | |
| ABSTRACT: | LONGUEUIL, QC, Jan. 14, 2020 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the discovery of substantial gold mineralization in multiple drill hole intersections, including frequent high-grade intervals, in all seven (7) holes of its maiden diamond drilling program on the 100% owned Elmer Property (the "Property") in the James Bay region of Quebec. Significant additional drilling will be required to define the true width and extent of this discovery. The Patwon Prospect is part of a larger 7-kilometre-long high-potential target zone on the Property (see Figures 1 to 3). A ground geophysics survey (induced polarization) is currently underway over the discovery area and its vicinity to prepare for a more comprehensive upcoming drilling program. The results from this initial phase of drilling indicates that gold-bearing mineralization occurs in three different orientations: 1) along an extensive set of veins oblique to the schistosity; 2) parallel to the schistosity; and 3) as flat-lying veins. Drill holes were oriented to intersect the three types of veins. Azimut's management considers these results to be among the most significant gold exploration results in the James Bay region since the 2004 discovery of the Éléonore deposit by Virginia Gold Mines. The Éléonore mine is currently owned and operated by Newmont. | |
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