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Azimut and SOQUEM Enhance the Nantais Propertyin Nunavik in Northern Quebec

Mining News - Published on Thu, 12 Dec 2019

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Azimut Exploration Inc has reported the results from its 2019 exploration program on the Nantais Property under the Azimut-SOQUEM Strategic Alliance in the Nunavik region. The $4 million program, funded by SOQUEM, also covered the Rex and Rex South properties. The upcoming 2020 exploration program, funded with an additional $4 million Alliance budget, will assess the best targets by diamond drilling and prospecting. Azimut is the operator of the Alliance.

The highlights of the field program are

Discovery of a 1,6-km-long gold-bearing area with grades up to 6.91 g/t Au, 16.4 g/t Ag and 0.22% Cu (sample Y90610), spatially associated with a 1.1-km-long electromagnetic conductor; grab samples collected in this area, mostly from angular boulders, are composed of sheared mafic volcanics with quartz veins and pyrite

Improved definition, through infill prospecting, of a previously recognized polymetallic corridor, 3.1 km long by up to 500 m wide, in the central part of the Property (see press releases of April 19,2012 and September 18,2012). The most significant new grab sample results are presented below from north to south:
245 g/t Ag, 1.62% Pb, 6.45% Zn (sample Y090060)
121 g/tAg, 3.43% Zn (sample Y090165)
0.26 g/t Au, 182 g/t Ag, 0.31 % Cu (sample Y090129)
1.27 g/t Au, 249 g/t Ag, 0.11 % Cu, 1.29% Pb, 4.56% Zn (sample Y090145)
17.4 g/t Au, 8.82 g/t Ag, 0.2% Cu (sample Y090136)
4.13 g/t Au, 64.2 g/t Ag, 0.3% Cu (sample Y090256)

The Nantais Property, 541 claims, is composed of one claim block (227 km2) 32 kilometres long. The target types are gold-rich volcanogenic massive sulphides (Au-Ag-Cu-Zn) and gold-copper shear zones. The property covers a strong regional-scale lake-bottom sediment footprint of arsenic-copper-bismuth superimposed on a sheared greenstone belt. The Property was acquired in 2011 following systematic copper-gold predictive modelling over Northern Quebec (1,247,900 km2 surface area), using the Company's AZtechMine™ expert system.

The 2019 work program has consisted of systematic prospecting on target areas defined by integrating all previous data from heliborne electromagnetic-magnetic surveys, remote sensing, LBS geochemical modelling, and prospecting. A total of 518 grab samples has been collected primarily from outcrops. Grab samples are selective by nature and unlikely to represent average grades.

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Posted By : Rabi Wangkhem on Thu, 12 Dec 2019
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