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Azimut commences a 6,000-metre Diamond Drilling Program to Expand the Elmer Gold Discovery, James Bay Region, Quebec
Azimut commences a 6,000-metre Diamond Drilling Program to Expand the Elmer Gold Discovery...
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"\n\n\n\nAzimut commences a 6,000-metre Diamond Drilling Program to Expand the Elmer Gold Discovery, 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.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONGUEUIL, QC, March 18, 2020\n\n\n\nSymbol: AZM.TSX Venture \n LONGUEUIL, QC, March 18, 2020 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to announce the start of a 6,000-metre (30-hole) diamond drilling program on its 100% owned Elmer Property (the \"Property\") in the James Bay region of Quebec (see Figure 1). This program starts immediately with two rigs and will run until the end of April.\nThe objective is to expand the Patwon gold discovery recently reported on the Property, which consists in multiple substantial drill hole intersections including 3.12 g/t Au over 102.0 m (see press release of January 14, 2020). \nThe program is strongly supported by the results of an induced polarization (\"IP\") and magnetic geophysical survey over the discovery area and its vicinity, delineating extensive quality targets. A convincing relationship at Patwon between IP chargeability and gold mineralization is illustrated by an intersection grading 1.93 g/t Au over 82.0 m, including 3.46 g/t Au over 44.1 m in hole ELM 19-007 (see Figure 8).\nThe current drilling program aims to:\nExpand the Patwon Discovery laterally and at depth, over a minimum 850-metre strike length and down to 200 metres below the surface, with 20 holes totalling 4,000 metres; and Assess new targets along strike or subparallel to Patwon with 10 holes totalling 2,000 metres; these targets correspond to quality IP anomalies associated with high-grade gold prospects.Azimut is fully-funded for a planned 2020 exploration budget of $10.5 million that includes 18,000 metres of drilling on five (5) gold and copper-gold properties in Quebec. \nAzimut has taken appropriate measures to mitigate the current health crisis while carrying out its ac...