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Azimut and partners commence Phase 2 drilling program on Eleonore South Gold Property, James Bay region, Quebec
Azimut and partners commence Phase 2 drilling program on Eleonore South Gold Property, Jam...
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"\n\n\n\nAzimut and partners commence Phase 2 drilling program on Eleonore South Gold Property, James Bay region, Quebec\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\n\n\n\n\n\n\nCanada NewsWire\nLONGUEUIL, QC, March 1, 2017\n\n\n\nSymbol: AZM.TSX Venture \n\n\n\nLONGUEUIL, QC, March 1, 2017 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\") (TSXV: AZM) is pleased to announce that the second phase of a 5,000 m diamond drilling program has started on the Eleonore South JV Property in the James Bay region of Quebec. This drilling phase, totalling 2,500 m will test gold targets along a corridor 4 km long by 500 m wide to the east of the JT Prospect and on strike of the Sirios Resources Inc. Cheechoo discovery (see attached figure).\n\n\n \n \n\n \nThe Phase 2 drilling program has three (3) objectives:\n\n\nFollow up on encouraging results obtained within an altered tonalite intrusive in the corridor during the Phase 1 program. Results include:\n\n76.1 g/t Au over 1.55 m (hole ES16-57); \n4.57 g/t Au over 2.7 m and 0.59 g/t Au over 28.5 m (hole ES16-55); \n0.62 g/t Au over 79.1 m including 5.0 g/t Au over 4.0 m (hole ES16-51)\nTest the eastern extension of the corridor along the tonalite-metasedimentary contact, immediately south of Cheechoo; and \nTest the western extension of the corridor toward the JT Prospect. \nThe targets are defined by a combination of drilling and prospecting results, elevated gold-arsenic soil anomalies and reprocessed magnetic data.\n\nThe prospective corridor on the Eleonore South Property is interpreted as a late-stage hydrothermal-magmatic mineralized system emplaced along the margins of the tonalite intrusion, close to or at the contact with surrounding metasediments (see Phase 1 location and results in the press release of November 21, 2016).\n\nThe Eleonore South Property is a three-way joint venture between Azimut, Eastmain Resources Ltd (TSX: ER) and Les Mines Opinaca Ltée, a wholly-owned subsidiary of Goldcorp Inc. (TSX: G; NYSE: GG). Ownership in the property is as follows: Azimut 26.6...