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Azimut update on Eleonore South Property

Mining News - Published on Fri, 20 Jul 2018

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Azimut Exploration Inc announced that the results of thirty-two diamond drill holes totalling 5,448.6 metres on the Eleonore South Property. This phase completes the 2017-2018 diamond drilling program of fifty holes for 9,891.6 metres. Located in the James Bay region of Quebec, Eleonore South is adjacent to the property that hosts the major Eleonore gold mine owned and operated by Goldcorp. A new work program is being prepared and will soon be announced.

From 2016 to 2018, Azimut has been the operator of surface exploration work and diamond drilling programs (76 holes totaling 15,134 m) that revealed a large tonalite-hosted gold-bearing system with the following key features:

1. A gold corridor at least 2 kilometres long by 600 to 700 metres wide largely constrained within the tonalite intrusion but close to its contact with the surrounding metasedimentary rocks;

2. Consistent anomalous gold values (>0.5 g/t Au) within the mineralized corridor, along with several networks of quartz veins and veinlets, strong sodic alteration, very low sulphide concentrations (<0.5%) and frequent native gold grains;

3. Several higher-grade zones within the mineralized envelope, characterized by: a) clusters of quartz-albite-biotite stockworks accompanied by arsenopyrite, pyrrhotite, pyrite, scheelite and native gold; and b) a quartz-feldspar pegmatitic vein system with native gold.

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Posted By : Rabi Wangkhem on Fri, 20 Jul 2018
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