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Azimut and Partners Accelerate Exploration at Eleonore South with a $3.9 Million Program, including 8,000 Metres of Drilling
Azimut and Partners Accelerate Exploration at Eleonore South with a $3.9 Million Program, ...
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"\n\n\n\nAzimut and Partners Accelerate Exploration at Eleonore South with a $3.9 Million Program, including 8,000 Metres of Drilling\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.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONGUEUIL, QC, July 20, 2017\n\n\n\nSymbol: AZM.TSX Venture \n\n\n\nLONGUEUIL, QC, July 20, 2017 /CNW Telbec/ - 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.\n\n\n \n \n\n\n\n\n\n\n\n \nThis program represents a 90% budget increase from the 2016-2017 exploration program, which made substantial progress on the Property. The most significant results included a drill intersection of 4.9 g/t Au over 45.0 metres and a channel sample composite of 49.2 g/t Au over 4.0 metres (see press releases of November 3 and 21, 2016; May 2 and 30, 2017; and appended figures). \n\nThe three main objectives of the 2017-2018 exploration program are:\n\n\nFollow-up drilling to assess the grade and geometric continuity of the best drill intercepts;\nContinued drill testing of the prospective corridor from the JT Prospect to the boundary of the Cheechoo Property (Sirios Resources); and\nThe completion of a property-wide geochemical survey followed by focused prospecting to identify additional drill targets.\nThe comprehensive program includes the following planned work:\n\n\n8,000 metres of diamond drilling: Phase 1 totalling 4,400 metres from August to October, Phase 2 totalling 3,600 metres from January to March;\nHeliborne high-definition magnetic survey: 980 line-km at 25-m line spacing over the prospective corridor and its surroundings;\nStripping of the Moni Prospect: to better assess the geometry and grade continuity of hig...