Longueuil, Québec. - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) announces the closing of a non-brokered flow-through private placement of $1,550,000. The placement consists of 3,100,000 flow-through common shares at a price of $0.50 per share.
Longueuil, Québec. - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) announces that it plans to raise gross proceeds of up to $1,550,000 through a non-brokered private placement of up to 3,100,000 flow-through common shares of Azimut (the "FT Shares") at a price of $0.50 per FT Share (the "Offering").
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the results of the first eighteen (18) holes (4,443 m) of the 8,000-metre 2017-2018 diamond drilling program on the Eleonore South JV Property. The Eleonore South Property is adjacent to the Eleonore Property hosting the major Eleonore gold mine owned and operated by Goldcorp.
Longueuil, Québec - Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV : AZM) is pleased to announce that its partner Goldcorp Inc. (TSX: G; NYSE: GG) is starting a heliborne geophysical survey on the Wabamisk Property located in the James Bay region, Quebec.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report additional high-grade gold results from surface prospecting on the Eleonore South JV Property in the James Bay region of Quebec. The best grab samples yielded very high grades: from 833 g/t Au to 1,500 g/t Au on boulders and up to 26.1 g/t Au on outcrops. These results may represent the direct strike continuity of the high-grade Moni Prospect discovery announced on October 17, 2017, which includes the following channel samples: 79.6 g/t Au over 4.25 m and 79.5 g/t Au over 5.87 m (see attached figures 1 to 6).
Longueuil, Quebec - Azimut Exploration Inc ("Azimut" or the "Company") (TSXV: AZM) is pleased to report that Hecla Mining Company ("Hecla") (NYSE-HL) has obtained encouraging results following a 2,945-metre diamond drilling program on the Opinaca B Property held by Azimut and its partner Everton Resources Inc. (TSXV: EVR). Best result is 0.61 g/t Au over 30.7 m (starting in mineralization), including 2.38 g/t Au over 2.0 m and 3.21 g/t Au over 1.7 m in hole OP-17-51 (see attached figure). A follow-up work program including mechanized trenching is planned in 2018.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to provide an update regarding the exploration work conducted in the framework of its Strategic Alliance ("the Alliance") with SOQUEM. The Alliance, which covers 176,300 km² in the Eeyou Istchee James Bay Territory of Quebec (see attached figure), allows the partners to conduct systematic exploration of high potential gold targets identified by advanced numerical data processing. Azimut is manager of the Alliance.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the discovery of a high-grade gold-bearing vein system on the Eleonore South JV Property in the James Bay region of Quebec. Channel composite samples assayed up to 79.6 g/t Au over 4.25 m and 79.5 g/t Au over 5.87 m. The ongoing exploration program includes 18 recently completed drill holes (results pending); additional drilling is scheduled for January 2018. This new gold discovery confirms the highly prospective environment at Eleonore South. The discovery area is located 15 kilometres from the major Eleonore gold mine, owned and operated by Goldcorp Inc (see attached figures 1 and 2).
Longueuil, Quebec - Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce Phase 1 of a 8,000 m diamond drilling program has begun on the Eleonore South JV Property. Phase 2, comprised of 3,600 m, will begin in January following a full assessment of the Phase 1 results. The drilling is part of a comprehensive $3.9 million program, following up on the 2016-2017 drill program (see press release of July 20, 2017) and guided by additional surface geological and geophysical exploration underway on the Property. The Property is adjacent to Goldcorp's Eleonore mine property in the James Bay region of Quebec
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the 2017-2018 exploration program on the Eléonore South JV Property. Managed by Azimut, the program includes 8,000 metres of drilling for a total budget of $3.9 million, wherein each JV partner contributes pro rata. The Eleonore South Property is adjacent to Goldcorp's Eleonore mine property in the James Bay region of Quebec.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) announces that seven (7) additional gold properties will be subject to an exploration program under the Strategic Alliance ("the Alliance") with SOQUEM in the James Bay region. This represents a significant addition to the recently announced program, which already covers four (4) other properties held by the Alliance (see press release of July 11, 2017).
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) announces the start of an extensive prospecting program on four (4) gold properties acquired through a Strategic Alliance ("the Alliance") with SOQUEM in the James Bay-Eeyou Istchee Territory of Quebec. Recent surveys conducted under the Alliance identified 18 target areas on the four properties, consisting of 13 geochemical targets and 5 geophysical targets.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce it has reassessed the gold potential of its Opinaca A Property based on previous exploration work and new regional information. Two major gold prospects (Charles and Inex) are located along an inferred 20-km prospective trend defined by geophysical, geological and geochemical parameters, including gold anomalies in till. Only limited drilling has been completed so far on these prospects, and additional drilling is needed to better appraise their potential. Figures 1 to 3 (see attached) show the Property's magnetic footprint and a compilation of salient exploration results to date.
Longueuil, Quebec - Azimut Exploration Inc ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce that Hecla Mining Company ("Hecla") (NYSE-HL) has commenced a 2,500-metre diamond drilling program on the Opinaca B Gold Property held by Azimut and its partner Everton Resources Inc. (TSXV: EVR).
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) announces the results of the last five (5) holes of a 14-hole (2,733-metre) diamond drilling program completed in early April on the Eleonore South JV Property. These new results notably include 6.61 g/t Au over 3.0 metres in Hole ES17-70. These five holes were positioned 700 to 1,300 metres west of a previously reported intersection of 4.9 g/t Au over 45.0 metres in Hole ES17-64 (see press release of May 2, 2017).
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) is pleased to report the results of a recent ground-based gravity survey on its 100%-owned Eastmain West Property in the James Bay region of Quebec. A linear gravity anomaly has been defined along the entire length of a 1.2 km by 900 m grid on the central part of a 4-km-long ultramafic-mafic horizon. The gravity anomaly is spatially associated to the high-grade Dominic Prospect, where channel sampling recently yielded 17.21% CR2O3 over 7.54 m including 33.2% CR2O3 over 3.55 m (see press release of January 19, 2017). The next phase of work will consist of diamond drilling to determine the chromite potential of the anomaly.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to announce the initial results of the first nine (9) holes of a 14-hole (2,733-metre) diamond drilling program completed in early April on the Eleonore South JV Property. The best drill intercept to date is 4.9 g/t Au over 45.0 metres, including 13.0 g/t Au over 10.5 metres (Hole ES17-64). Excellent targets in the immediate vicinity will be drilled to expand this discovery.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) is pleased to announce the start of a helicopter-borne magnetic and electromagnetic survey on the Munischiwan gold property, jointly owned with SOQUEM. Munischiwan was acquired within the framework of the Strategic Alliance with SOQUEM, which covers the James Bay-Eeyou Istchee Territory of Quebec (see press release of September 26, 2016).
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) is pleased to announce that the second phase of a 5,000 m diamond drilling program has started on the Eleonore South JV Property in the James Bay region of Quebec. This drilling phase, totalling 2,500 m will test gold targets along a corridor 4 km long by 500 m wide to the east of the JT Prospect and on strike of the Sirios Resources Inc. Cheechoo discovery
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) is pleased to announce that a ground-based gravity survey will commence on its 100%-owned Eastmain West Property in the James Bay region of Quebec. The objective is to better define the lateral and depth potential of a kilometre-scale high-grade chromite target zone. Recently reported channel sampling results from this part of the property reached 17.21% CR2O3 over 7.54 m, including 33.2% Cr2O3 over 3.55 m (see press release of January 19, 2017). The survey will also be used to assess the property's potential for Ni-Cu-PGE massive sulphides, which may be present in this geological setting. The next work program will consist of mechanical stripping and diamond drilling.
Longueuil, Quebec - Azimut Exploration Inc ("Azimut" or "the Company") (TSXV: AZM) is pleased to announce that Hecla Mining Company ("Hecla") (NYSE-HL) will invest $925,000 in new exploration on the Opinaca B gold property, held by Azimut and its partner Everton Resources Inc. (TSXV: EVR).
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) reports encouraging results from channel sampling performed in late 2016 on its 100%-owned Eastmain West Property located in the James Bay region, Quebec. The best channel result is 17.21% Cr2O3 over 7.54 m, including 33.2% Cr2O3 over 3.55 m, from the Dominic Prospect.
2017 Press Releases