Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") and Aurizon Mines Ltd. ("Aurizon") are starting a $1.5-million exploration program on the Rex South property, a project with strong exploration potential for gold, copper and rare earth elements (REE). The objective of the 2010 summer program is to validate the overall potential of the property through surface prospecting supported by systematic geophysical and geochemical surveys.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") is starting a $1.8-million exploration program on its wholly owned REX property, a project with excellent polymetallic exploration potential most notably for copper and rare earth elements (REE). The objective of the 2010 summer program is to validate the overall potential of the property through surface prospecting supported by systematic geophysical and geochemical surveys.
Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) announces that its partners Les Mines Opinaca Ltée (“Opinaca”), a wholly-owned subsidiary of Goldcorp Inc., and Eastmain Resources Inc. (“Eastmain”) will fund a $1.6 million gold exploration program in 2010 on the Eleonore South property in the James Bay region of Quebec. This program will consist of 3,300 metres of diamond drilling.
Longueuil, Quebec. - Azimut Exploration Inc. ("Azimut") announces the signing of a Letter of Intent with Aurizon Mines Ltd. ("Aurizon") regarding the Rex South property, a major exploration project for gold, copper and rare earth elements. The property comprises 1,274 claims covering a surface area of 555 km2 in Nunavik, Quebec, about 145 km southeast of the community of Puvirnituq (see press release of May 18, 2010).
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") is pleased to announce that its partner 2227352 Ontario Inc. (a private Ontario company) has reached an agreement with Valencia Ventures Inc. ("Valencia") regarding the Diana property. Wholly owned by Azimut, Diana is a major exploration project for copper, cobalt and rare earth elements (REE) in Nunavik, Quebec, about 40 km northwest of the town of Kuujjuaq (see press release of February 18, 2010).
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") reports that it has staked a large gold, copper and rare earth element exploration target in Nunavik, Quebec. This area, now forming the Rex South property, displays a strong exploration potential based on the combination of the following factors:
Longueuil, Quebec. Azimut Exploration Inc. ("Azimut") is pleased to announce that its partner Everton Resources Inc. ("Everton") has earned its 50% interest on the Opinaca A and B gold properties in the vicinity of the Eleonore gold deposit, James Bay region, Quebec. Exploration work performed by Everton and Azimut since 2005 led to the discovery of significant gold mineralization, including the Charles, Smiley and Inex prospects at Opinaca A, and the Dominic and Claude prospects at Opinaca B, for which results were previously reported. The Claude prospect notably delivered a drilling intercept of 0.21 g/t Au over 186.8 m, including 1.0 g/t Au over 21.5 m. Several attractive well-defined targets remain untested by drilling on the two properties.
Longueuil, Quebec. Azimut Exploration Inc. ("Azimut") announces that on March 25, 2010, SIDEX exercised its conversion right on the balance of a loan (see press release dated November 21, 2008) in the amount of $250,000 together with accrued interest totaling $10,273.97. Thus, upon approval of the TSX Venture Exchange, the company will issue to SIDEX a total of 477,847 units at an average price of $0.5447 per unit, each consisting of one (1) common share and a warrant having an exercise price of $0.65 and valid until November 20, 2010.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") reports that Goldcorp Canada Ltd. ("Goldcorp") has started a 2,000-metre drilling program on three (3) gold targets on the Wabamisk gold property.
Longueuil, Quebec. - Azimut Exploration Inc. ("Azimut") announces that a total of 490,000 stock options have been granted to its directors, officers, employees and consultants. Of this number, 455,000 have been granted to its directors and officers and 35,000 to its employees and consultants. These options have an exercise price of $0.66 per share and are exercisable during a 10-year period.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") announces that further examination of the existing regional-scale geoscientific database covering the REX property area has led to the recognition of a large Iron Oxide Copper-Gold ("IOCG") target on the property.
Longueuil, Quebec. - Azimut Exploration Inc. ("Azimut") announces the signing of a letter of intent with 2227352 Ontario Inc. ("the Partner") regarding the Diana property, a major exploration project for copper, cobalt and rare earth elements. This property, which comprises 524 claims covering a surface area of 237 km2, is located in Nunavik, Quebec, about 40 km northwest of the town of Kuujjuaq (see press release of February 18, 2010).
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") reports that it has acquired by map staking a large copper, cobalt and rare earth element (REE) exploration target in Nunavik, Quebec. This target, now forming the Diana property, is best defined by a strong, 45-km-long, multi-element geochemical footprint in lake-bottom sediments. The property is well positioned, just 40 km northwest of the town of Kuujjuaq and about 50 km southwest of the Ungava Bay shoreline.
Longueuil, Québec - Azimut Exploration Inc. ("Azimut") reports results from the fall diamond drilling program at its Eleonore South joint-venture project with Les Mines Opinaca Ltée, a wholly-owned subsidiary of Goldcorp Inc. ("Goldcorp"), and Eastmain Resources Inc. ("Eastmain"). Fourteen (14) drill holes totalling 3,697 m were completed to test the JT Target area as well as two (2) other priority targets on the property. In the JT Target area, 9 out of 12 holes intersected gold-bearing sedimentary rocks over wide intervals, along a one-kilometre-long corridor.
Longueuil, Québec - Azimut Exploration Inc. ("Azimut" or the "Company") announces the closing of a non-brokered private placement totalling $500,000 with a US-based subscriber.
