RÉGIONS
JAMES BAY
One of the most active regions for mineral exploration in Canada
NUNAVIK
A vast underexplored territory with a potential for world class discoveries
JAMES BAY
One of the most active regions
for mineral exploration in Canada
The Eeyou Istchee James Bay region of Québec represents almost 300,000 km² of land east of James Bay, with a population of roughly 15,000. Most of the inhabitants are Cree, one of the largest groups of First Nations in North America. In the Cree language, the region is known as “Iiyiyuuschii” (Eeyou Istchee), meaning “The People’s Land”.
JAMES BAY PROJECTS
01. Munischiwan (Au, Cu, Ag)
02. Pikwa (Au, Cu, Co, Mo)
03. Pontois (Au)
04. Dalmas (Au)
04. Galinée (Au)
A vast region with a rich history
The largest population centres are the cities of Chibougamau, Lebel-sur-Quévillon, Matagami and Chapais, all of which have rich mining histories.
In addition to airports and other services, the hydro-electric, forestry and mining industries have developed an extensive network of roads and other infrastructure throughout the region. The Government of Québec is committed to development in the northern parts of the province and recently signed a new deal – the “Grand Alliance” – with the James Bay Cree.
Exploration boom
After a long history of fur trading dating back 400 years, the James Bay region is experiencing a surge in exploration following major new mineral discoveries.
In particular, the Éléonore discovery of 2004, now a gold mine belonging to Newmont, triggered a major staking rush and confirmed the potential for high-grade gold mineralization in the Eastmain greenstone belt.
Azimut’s James Bay assets
The Eeyou Istchee James Bay territory was the initial focus of Azimut’s mineral potential modelling in 2003 and remained a strategic priority. The Company staked claim blocks both before and after the Éléonore discovery, gaining one of the leading property positions in the region.
The Company’s current holdings are primarily gold and gold-copper projects concentrated in the Elmer Discovery Sector, the Éléonore Gold Camp, and along the Trans-Taiga Road, in addition to base metal projects and a chromium project.
NUNAVIK
A vast underexplored territory with a potential for world class discoveries
Nunavik comprises the northern third of the Province of Quebec above the 55th parallel, covering an area of 507,000 km². It is the homeland of the Inuit of Quebec, and in their language, Nunavik means “place to live” (Inuktitut: ᓄᓇᕕᒃ).
NUNAVIK PROJECTS
19. Rex-Duquet (Au, Ag, Cu, REE)
20. Rex South (Au, Ag, Cu, W, REE)
21. Nantais (Au, Ag, Cu, Zn)
Potential for world-class discoveries
Nunavik is a largely under-explored region with huge geological potential for a variety of commodities, in a province recognized around the world as a low-risk jurisdiction for exploration and mining.
Azimut is focusing on Nunavik’s potential for large-scale copper, gold, silver and rare earth deposits. Several deposit types are envisioned, such as Iron Oxide Copper Gold (IOCG), gold-copper porphyry, sediment-hosted gold, and volcanogenic massive sulphides (VMS).
Largest property portfolio in Nunavik
The Company holds the largest exploration portfolio north of the 55th parallel, including a dominant land position over the Rex Trend with four polymetallic properties.
Azimut’s proprietary methodology (AZtechMine™) is particularly suited to remote and under-explored regions like Nunavik. The information used in the targeting process includes multi-element lake-bottom sediment geochemistry, geophysics, geology and remote sensing data.
Validation of the results
Follow-up fieldwork has validated the modelling results, leading to the discovery of more than 250 new mineral prospects on Azimut’s Nunavik properties.