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Azimut and SOQUEM make a major Gold-Silver-Copper Discovery on the Munischiwan Property, James Bay region
Azimut and SOQUEM make a major Gold-Silver-Copper Discovery on the Munischiwan Property, J...
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[{"type":"text","content":"\n\n\n\n\nAzimut and SOQUEM make a major Gold-Silver-Copper Discovery on the Munischiwan 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONGUEUIL, QC, Oct. 25, 2018\n\n\n\nSymbol: AZM.TSX Venture \n LONGUEUIL, QC, Oct. 25, 2018 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to report it has discovered a major gold-copper-silver prospect on the Munischiwan Property, which is jointly owned with SOQUEM Inc. (\"SOQUEM\") under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1).\nHIGHLIGHTS\nThe mineralized area is 600 metres long by 100 to 150 metres wide (the \"Maschakw Prospect\"), open in all directions, dipping about 30° east. Grab samples from outcrops returned the following grades (see Figure 2 and Photos 1 to 3):11.0 g/t Au, 435.0 g/t Ag, 0.38% Cu5.89 g/t Au, 13.5 g/t Ag, 0.05% Cu4.48 g/t Au, 55.2 g/t Ag, 1.67% Cu4.14 g/t Au, 37.4 g/t Ag, 1.40% Cu3.34 g/t Au, 5.84 g/t Ag, 0.18% Cu3.02 g/t Au, 35.3 g/t Ag, 1.29% Cu2.24 g/t Au, 28.6 g/t Ag, 0.76% Cu2.01 g/t Au, 32.1 g/t Ag, 0.36% Cu1.95 g/t Au, 29.6 g/t Ag, 1.26% Cu1.53 g/t Au, 67.2 g/t Ag, 0.90% Cu Mineralization is mostly composed of disseminated chalcopyrite, or quartz veins and veinlets, hosted in foliated metasediments with strong biotite alteration; The next step will consist of a ground geophysical survey this winter to define drilling targets; The discovery is the direct outcome of Azimut's predictive mineral potential modelling in 2016 over the James Bay region, covering 176,300 square kilometres; The Strategic Alliance will allow Azimut to acquire a royalty portfolio from the ongoing projects without incurring exploration costs.The Munischiwan Property (167 claims, 87.5 km2) is located about 85 kilometres east of the Cree community of Eastmain, in an area serviced by excellent infrastructure including permanent roads, power grids and airport facilities. The exploration program is funded by SOQUEM wit...