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  • Press releases 2018
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  • 2017 Press Releases

    December 28, 2017
    Azimut closes a $1.55 million Flow-Through Private Placement Financing
    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.
    December 15, 2017
    Azimut announces $1.55 million Flow-Through Private Placement Financing
    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").
    December 12, 2017
    Azimut and Partners continue to hit gold mineralization at Eleonore South, James Bay region, Quebec
    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.
    November 30, 2017
    Azimut’s partner Goldcorp commences airborne geophysical survey over Wabamisk Property, James Bay region, Quebec
    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.
    November 16, 2017
    Azimut and Partners obtain Additional High-Grade Gold Results from Eleonore South, 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).
    November 09, 2017
    Azimut reports encouraging drilling results on the Opinaca B Property, Eleonore Mining Camp, James Bay Region, Quebec
    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.
    November 02, 2017
    Azimut reports on Work Progress at Eleven Gold Projects under its Strategic Alliance with SOQUEM, James Bay Region, Quebec
    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.
    October 17, 2017
    Azimut and Partners announce High-Grade Gold Surface Discovery at Eleonore South, James Bay region, Quebec
    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).
    August 09, 2017
    Azimut and Partners Commence an 8,000-Metre Drilling Program at Eleonore South, James Bay Region, Quebec
    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
    July 20, 2017
    Azimut and Partners Accelerate Exploration at Eleonore South with a $3.9 Million Program, including 8,000 Metres of Drilling
    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.
    July 13, 2017
    Azimut and SOQUEM expand their Strategic Alliance with Seven Additional Gold Properties, James Bay region, 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).
    July 11, 2017
    Azimut and SOQUEM initiate a Prospecting Program on Four Gold Properties in the James Bay Region, Quebec
    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.
    July 06, 2017
    Azimut Reappraises the Gold Potential of the Opinaca A Property, Eleonore Mining Camp, James Bay region, Quebec
    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.
    June 19, 2017
    Azimut announces 2,500 metres of Diamond Drilling on the Opinaca B Gold Property, Eleonore Mining Camp, James Bay Region, Quebec
    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).
    May 30, 2017
    Azimut reports additional gold drilling results at Eleonore South, James Bay region, Quebec
    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).
    May 08, 2017
    Azimut identifies a significant and continuous gravity anomaly over a high-grade chromite zone at Eastmain West (Cr, PGE, Ni)
    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.
    May 02, 2017
    Azimut intersects 4.9 g/t Au over 45.0 m at Eleonore South, James Bay region, Quebec
    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.
    March 14, 2017
    Azimut and SOQUEM commence an aerial geophysical survey on the Munischiwan Gold Property, James Bay region, Quebec
    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).
    March 01, 2017
    Azimut and partners commence Phase 2 drilling program on Eleonore South Gold Property, James Bay region, Quebec
    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
    February 21, 2017
    Azimut commences geophysical survey over high-grade chromite zone on its Eastmain West Property, James Bay region, Quebec
    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.
    January 23, 2017
    Azimut announces Hecla will undertake a $925,000 exploration program, including 2,500 metres of drilling, on the Opinaca B Property in the Eleonore mining camp
    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).
    January 19, 2017
    Azimut obtains 33.2% Cr2O3 over 3.55 metres in channel sampling on its Eastmain West Property (Cr, PGE, Ni), James Bay region, Quebec
    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.

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