Azimut: Strategic Update

About this update from Azimut Exploration, Inc.

[{"type":"text","content":"\n\n\n\nAzimut: Strategic Update\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, Jan. 16, 2018\n\n\n\nSymbol: AZM.TSX Venture \n\n\n\nLONGUEUIL, QC, Jan. 16, 2018 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\" or \"the \"Company\") (TSXV: AZM) is pleased to provide the following strategic update on the Company. Azimut's management believes 2018 will yield new positive steps in the Company's development:\n\n\nKey properties will be actively advanced through diamond drilling programs, including the Eleonore South gold project (Azimut-Eastmain-Goldcorp JV) near Goldcorp's Eleonore mine, and the Eastmain West chromium-platinum-palladium-nickel project (100% Azimut) that shares many geological characteristics with the Ring of Fire district in Ontario.\nAzimut uses its core expertise in Big Data analytics as an edge to generate quality targets and optimize discovery odds. The Company holds one of the largest gold and base metal property portfolios in Quebec, comprising 27 properties (6,427 claims or 3,134 km2) (Figure 1, see link below).\nhttp://www.azimut-exploration.com/en/presentations/PR_20180116_Figures-p.pdf\n\nBusiness model\n\nAzimut's core business is centred on target generation, alongside partnership development:\n\n\nTarget generation is performed using a pioneering proprietary expert system built on the power of Big Data analytics, enhanced by extensive exploration know-how. Azimut's processing of large multi-source databases has yielded a portfolio of high-potential properties focused on selected major mineral deposit types.\nPartnership development has led to 30 strategic and option agreements with senior and junior companies since 2003. During this time, partners have invested $57.3 million in exploration work on the Company's properties while Azimut's net expenditures amounted to $9.6 million, representing an overall Partner : Company financial leverage of about 6 to 1.\nThis dual approach is an efficient and effective way to reduce the systemic risk faced by...

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