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Azimut and Mont Royal Undertake an Initial Prospecting Program on the Wapatik Property on Strike with the Elmer Gold Discovery
Azimut and Mont Royal Undertake an Initial Prospecting Program on the Wapatik Property on...
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"\n \n \n \n Azimut and Mont Royal Undertake an Initial Prospecting Program on the Wapatik Property on Strike with the Elmer Gold Discovery\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Symbol: AZM.TSX Venture\n \n \n LONGUEUIL, QC,\n \n Oct. 25, 2021\n \n /CNW Telbec/ -\n \n Azimut Exploration Inc.\n \n (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to report that an initial prospecting program has commenced on the Wapatik Property (\"the Property\") under option to\n \n Mont Royal Resources Limited\n \n (\"Mont Royal\") (\n \n ASX: MRZ\n \n ). The Property is located along the same Archean greenstone belt hosting the Elmer gold discovery in the\n \n James Bay\n \n region of\n \n Quebec\n \n (see\n \n Figures 1 to 4\n \n and\n \n press release of\n \n June 28, 2021\n \n \n ).\n \n \n Five (5) highly prospective multi-kilometre-scale target areas are being evaluated in the field. They were defined following a property-wide, systematic targeting approach that included a high-resolution magnetic survey (5,116 line-km on 25-m spaced lines), remote sensing analysis, lithostructural interpretation and an extensive till survey (154 samples), all of which were completed earlier this year.\n \n \n The main gold targets are sheared iron formations and volcanics associated with gold-in-till anomalies. In addition, a kilometre-scale intrusion, possibly mafic-ultramafic, is considered an attractive copper-nickel-PGE target.\n \n \n Wapatik is a 25-kilometre-long project covering a largely underexplored part of the Lower Eastmain greenstone belt in the Archean La Grande Subprovince. It is located approximately 10 kilometres north of the boundary with the Opinaca Subprovince.\n \n \n The Property, composed of a single block of 220 claims (115 km\n \n 2\n \n ), benefits from excellent infrastructure, including road access and power lines.\n \n Mont Royal\n \n can acquire from Azimut a 50% interest over four (4) years by spending\n \n $4 million\n \n in exploration expenditures, and a further 2...