Business
Azimut announces 2,500 metres of Diamond Drilling on the Opinaca B Gold Property, Eleonore Mining Camp, James Bay Region, Quebec
Azimut announces 2,500 metres of Diamond Drilling on the Opinaca B Gold Property, Eleonore...
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"\n\n\n\nAzimut announces 2,500 metres of Diamond Drilling on the Opinaca B Gold Property, Eleonore Mining Camp, 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, June 19, 2017\n\n\n\nSymbol: AZM.TSX Venture\n\n\n\nLONGUEUIL, QC, June 19, 2017 /CNW Telbec/ - Azimut Exploration Inc (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to announce that Hecla Mining Company (\"Hecla\") (NYSE: HL) has commenced a 2,500-metre diamond drilling program on the Opinaca B Gold Property held by Azimut and its partner Everton Resources Inc. (TSXV: EVR). \n\n\n \n \n\n\n\n\n\n\n\n \nThe aim of the 7-hole drilling program is to test two targets with strong gold discovery potential: the Dominic area and the Fishhook structure. Hecla greatly improved the definition of these targets during the 2016 program, which included a detailed interpretation of previous magnetic data and comprehensive field work (see press release dated January 23, 2017).\n\nThe Opinaca B Property, comprising 248 claims covering 129.7 km2, is situated in a highly prospective part of the Eleonore mining camp where significant drilling results have been recently released for the Eleonore South Property (Azimut-Goldcorp-Eastmain JV) and the Cheechoo Property (Sirios Resources) (see attached figure).\n\nHecla has the option to acquire a 50% interest in the Opinaca B Property by incurring $6 million in exploration work. This expenditure should be complete by November 2017. Following this first option, Hecla was granted a second option according to the terms disclosed in Azimut's press releases of September 16, 2010 and April 21, 2016.\n\nThis press release was prepared by geologist Jean-Marc Lulin, acting as Azimut's Qualified Person under NI 43-101.\n\nAzimut is a mineral exploration company with a core business centred on target generation and concurrent partnership development. Targets are identified using advanced processing of large geoscientific databases, enhanced by extensive exploration...