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Azimut and SOQUEM find Gold on the Pontois Property, James Bay region, Québec
Azimut and SOQUEM find Gold on the Pontois Property, James Bay region, Québec ...
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"\n\n\n\nAzimut and SOQUEM find Gold on the Pontois Property, James Bay region, Québec\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, Nov. 8, 2018\n\n\n\nSymbol: AZM.TSX Venture\n LONGUEUIL, QC, Nov. 8, 2018 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to report it has discovered gold mineralization on the Pontois Property, which is jointly owned with SOQUEM Inc. (\"SOQUEM\") under a Strategic Alliance covering the James Bay region of Quebec (see Figure).\nHIGHLIGHTS\nBest gold results are 6.02 g/t Au, 2.56 g/t Au and 0.90 g/t Au in grab samples from outcrops (see Photos 1 and 2). Other associated values include silver (up to 2.61 g/t Ag) and tellurium (up to 23.7 g/t Te). Significant copper values (up to 0.18% Cu) were obtained 2.0 kilometres from the prospect, along the same geological trend. Gold is hosted in mafic metavolcanics and intrusive dykes with quartz veins, near a sheared contact with metasediments. The intrusive facies contains disseminated fine pyrite. This 40-metre by 20-metre sector is open along strike in both directions. Its potential extensions will be tested by detailed follow-up field work in 2019. There were no known showings on the Property before the current exploration initiative. Gold exploration on the Pontois Property focuses on a priority target defined in 2016 by Azimut's predictive mineral potential modelling at the scale of the James Bay region over 176,300 km2. The same modelling produced the Munischiwan and Pikwa properties for which very encouraging results have been recently announced (see press releases of October 25 and November 6, 2018).The Pontois Property (348 claims, 177 km2) is located 360 kilometres east of the Cree community of Chisasibi in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The Trans-Taiga Road, an east-west gravel highway in the region, passes through the Property. Pontois has been the s...