Nunavik - Uranium Overview
In 2005, Azimut conducted a predictive assessment of the uranium potential in northern Quebec. The results led to the discovery of a new uranium district in the Ungava Bay region (eastern Nunavik).
Azimut considers Nunavik to be a favourable geological environment for large-tonnage uranium deposits related to intrusive rocks in high-grade metamorphic environments.
The Company’s uranium holding in Nunavik, the North Rae property, is only a short distance to port facilities on the Ungava Bay coast near deep sea water, and close to a permanent airport and other infrastructure.
No major work has been performed on the property since 2009 given the volatility of the uranium market and the current uncertainty regarding the development of uranium projects in Quebec.