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Strong potential of the Pikwa gold-polymetallic property highlighted by regional geochemical footprint
Strong potential of the Pikwa gold-polymetallic property highlighted by regional geochemic...
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"\n\n\n\nStrong potential of the Pikwa gold-polymetallic property highlighted by regional geochemical footprint\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. 27, 2018\n\n\n\nSymbol: AZM.TSX Venture \n LONGUEUIL, QC, Nov. 27, 2018 /CNW Telbec/ - Azimut Exploration Inc. (\"Azimut\" or the \"Company\") (TSXV: AZM) is pleased to report on the strong potential of its gold-polymetallic Pikwa Property adjacent to the Mythril Property where Midland Exploration Inc. (TSXV: MD) has discovered a significant mineralized zone. The major target zone on the Pikwa Property is characterized by a regional arsenic-bismuth-copper anomaly in lake-bottom sediments and a 20-kilometre-long magnetic high where Azimut identified gold, copper, cobalt and molybdenum mineralization (see Figures 1 to 3 and press release of November 6, 2018). The results announced by Midland Exploration appear to be directly on strike with the Pikwa target zone.\nThe Pikwa Property was acquired in 2016 and is jointly owned with SOQUEM Inc. under a Strategic Alliance covering the James Bay region of Québec. The Strategic Alliance is based on the results of Azimut's predictive mineral potential modelling covering 176,300 square kilometres. \nThe project-scale geochemical footprint is characterized by the results of a regional lake-bottom sediment survey conducted by the government, followed by a property-wide survey (211 samples) carried out by Azimut and SOQUEM in 2016. Highlights are as follows:\nSpatially correlated arsenic and bismuth anomalies identified by the regional survey, with peak values of 22 ppm As and 0.67 ppm Bi. Arsenic and bismuth are classical pathfinder elements for gold mineralization. A 38-kilometre-long copper anomaly identified by the regional survey, now largely covered by the Property, with a peak value of 136 ppm Cu. The core of the anomaly correlates well with the As and Bi footprints. Peak values obtained during the recent detailed property-wide survey were c...