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Azimut and SOQUEM acquire four gold properties through their Strategic Alliance in the James Bay region of Quebec
Azimut and SOQUEM acquire four gold properties through their Strategic Alliance in the Jam...
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[{"type":"text","content":"\n\n\n\nAzimut and SOQUEM acquire four gold properties through their Strategic Alliance in the James Bay region of 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\n\n\n\n\n\nAzimut and SOQUEM acquire four gold properties through their Strategic Alliance in the James Bay region of Quebec\nCanada NewsWire\nLONGUEUIL, QC, Oct. 3, 2016\n\n\n\nSymbol: AZM.TSX Venture \n\n\n\nLONGUEUIL, QC, Oct. 3, 2016 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to announce it has acquired four (4) gold exploration properties though its Strategic Alliance with SOQUEM Inc. (the \"Alliance\") in the James Bay–Eeyou Istchee Territory of Quebec. The projects were identified by a regional-scale mineral potential assessment performed by Azimut within the framework of the Alliance (see press release of September 26, 2016).\n\nThe four properties—Munischiwan, Pikwa, Pontois and Desceliers—were acquired by map designation and comprise a total of 1,280 claims covering 658.3 km2. Each partner owns a 50% interest in the projects. All four properties display strong multi-element geochemical footprints for gold in lake-bottom sediments, along with favourable geophysical, geological and structural criteria. Historically, these properties have seen little exploration for gold. A work program is being prepared and field operations are scheduled to begin this fall. \n\nThe Munischiwan property (114 claims) is located about 85 km east of the Cree community of Eastmain, in an area serviced by road, power and airport infrastructure. Geologically, the project is situated in the La Grande Subprovince of Archean age and covers part of the Lower Eastmain volcano-sedimentary belt. \n\nThe Pikwa property (420 claims) is located about 40 km east of the Poste Lemoyne LG-3 hydroelectric infrastructure and a few kilometers south of the Trans-Taiga Road, a major gravel highway through the region. The property covers a 22-km segment of the La Grande volcano-sedimentary belt in the La Grande Subprovince.\n\nThe Pontois property (418 claims in 2 claim...