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Azimut and its partners launch a $2 million exploration program on the Eleonore South Property in the Eleonore mining camp
Azimut and its partners launch a $2 million exploration program on the Eleonore South Prop...
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"\n\n\n\nAzimut and its partners launch a $2 million exploration program on the Eleonore South Property in the Eleonore mining camp\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAzimut and its partners launch a $2 million exploration program on the Eleonore South Property in the Eleonore mining camp\nCanada NewsWire\nLONGUEUIL, QC, June 16, 2016\n\n\n\nSymbol: AZM.TSX Venture \n\n\n\nLONGUEUIL, QC, June 16, 2016 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to announce that a $2 million work program, including 5,000 metres of diamond drilling, will be launched with JV partners Les Mines Opinaca Ltée (\"Opinaca\"), a wholly-owned subsidiary of Goldcorp Inc. (TSX: G; NYSE: GG), and Eastmain Resources Ltd (TSX: ER) on the Eleonore South Property in the James Bay region of Quebec. Azimut will be the operator.\n\nThe planned program, designed to test high-priority gold targets, will include:\n\n\nDetailed surface prospecting starting early July to increase the sampling density of 7 target areas; \n2,500 m of core drilling starting in August to test geochemical and geological targets; and \n2,500 m of core drilling during a second phase later in the year, as follow-up to the first phase.\nThe Eleonore South Property, comprising 282 claims over 147.6 km2, is a three-way Joint Venture for which the ownership is Azimut 26.57%, Opinaca 36.71% and Eastmain 36.72%. The Property is located in a highly prospective part of the Eleonore mining camp (see appended figures) positioned between the Eleonore Property, which hosts the Eleonore Mine owned by Goldcorp, and the Cheechoo Property explored by Sirios Resources Inc. \n\nThe 2016 work program will test the following targets:\n\n\nA tonalite-metasediment contact directly on strike with the Cheechoo discovery; \nStrong Gold-Arsenic soil anomalies over the main tonalite body; and \nStrong Gold-Arsenic soil anomalies along the contact between an iron formation and a linear tonalite body.\nThis program follows up on an in-depth analysis conducted ...