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Azimut and SOQUEM discover Gold and Polymetallic (Cu, Co, Mo) Mineralization on the Pikwa Property, James Bay region
Azimut and SOQUEM discover Gold and Polymetallic (Cu, Co, Mo) Mineralization on the Pikwa ...
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[{"type":"text","content":"\n\n\n\nAzimut and SOQUEM discover Gold and Polymetallic (Cu, Co, Mo) Mineralization on the Pikwa Property, James Bay region\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, Nov. 6, 2018\n\n\n\nSymbol: AZM.TSX Venture  \n LONGUEUIL, QC, Nov. 6, 2018 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to report it has discovered gold and polymetallic mineralization (copper, cobalt, molybdenum) on the Pikwa Property, which is jointly owned with SOQUEM Inc. (\"SOQUEM\") under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1).\nThe mineralized prospects are located within a 20-km-long target zone defined mainly by a linear magnetic high that correlates well with a strong and extensive arsenic-bismuth-copper anomaly in lake-bottom sediments. Significant results announced by Midland Exploration Inc. (TSXV: MD) on the adjacent Mythril Property appear to be directly on strike with the Pikwa target zone (see Figure 2).\nThis winter, a geophysical survey is planned at Pikwa to accelerate the evaluation of the prospective trend and to define drill targets.\nHIGHLIGHTS \nThe main gold prospect (the \"Hyperion Prospect\"), discovered by prospecting and stripped manually (6 to 7 m by 3 to 4 m), has a steep dip and is open along strike. Grab samples from the contact zone between an iron formation and mafic volcanics returned the following grades (see Photo 1):7.17 g/t Au, 4.69 g/t Au, 3.91 g/t Au, 1.72 g/t Au and 1.14 g/t Au (outcrops, Photo 1) and 6.28 g/t Au (angular boulder, Photo 2).Gold mineralization is associated with disseminated to semi-massive arsenopyrite and is accompanied by highly anomalous cobalt (up to 0.22% Co), silver (up to 3.69 g/t Ag) and tellurium (up to 4.37 g/t Te). Another area 4 km to the east 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). Several angular boulders with chalcopyrite in the northeas...