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Azimut and SOQUEM cover the Gold-Polymetallic Pikwa Property with a Heliborne Geophysical Survey, James Bay region, Quebec
Azimut and SOQUEM cover the Gold-Polymetallic Pikwa Property with a Heliborne Geophysical ...
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"\n\n\n\nAzimut and SOQUEM cover the Gold-Polymetallic Pikwa Property with a Heliborne Geophysical Survey, 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONGUEUIL, QC, March 20, 2019\n\n\n\nSymbol: AZM.TSX Venture\n LONGUEUIL, QC, March 20, 2019 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to announce that a 2,100-line-kilometre electromagnetic (VTEMTM Plus) and magnetic heliborne survey is in progress to cover a major gold-polymetallic target on the Pikwa Property (the \"Property\") in the James Bay region of Quebec. The results will help define the next exploration phase on the Property.\nThe Property is jointly owned with SOQUEM Inc. (\"SOQUEM\"), a subsidiary of Ressources Québec, under a Strategic Alliance for the James Bay region. Major new developments of the Strategic Alliance were disclosed in the Company's press release of February 25, 2019.\nThe following features underscore the strong mineral potential of the Property (see Figures 1 to 3):\nTwo main prospects on the Property: Hyperion (up to 7.17 g/t Au, 0.23% Co in grab samples from outcrops) and Copperfield (up to 2.95% Cu, 0.22 g/t Au, 7.58 g/t Te in mineralized samples from boulders). Another area, 4 km east of Hyperion, displays high background gold values (up to 0.9 g/t Au) with anomalous bismuth (up to 217 g/t Bi) and molybdenum (up to 0.106% Mo) (see press release of November 6, 2018). A 20-km-long target zone on the Property containing the prospects, defined mainly by a linear magnetic high, correlates well with a strong and extensive Cu-Mo-Ag-Bi-W geochemical footprint in lake-bottom sediments; Azimut identified this footprint by processing a database totaling 27,248 samples (MERN and Azimut sampling) collected at the scale of the James Bay region over 172,185 km2 (see press release of November 27, 2018). A polymetallic mineralized zone on the adjacent Mythril property discovered by Midland Exploration Inc. (TSXV: MD); this...