Up to 880 gold grains in till samples from nine gold-bearing clusters
LONGUEUIL, QC, Jan. 19, 2021 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to report the preliminary results of a high-density till sampling survey conducted over the Patwon gold discovery and its vicinity on the Company's 100% owned Elmer Property (the "Property") in the James Bay region of Quebec (see Figures 1 to 5). These results further support the excellent potential for additional discoveries on the Property, along strike or subparallel to the Patwon Zone.
Till sampling is a classical exploration method to detect specific minerals (e.g., gold grains) in glacial sediments that may indicate nearby mineralization. When glaciers erode mineral deposits in bedrock, they produce a wide range of mineralized fragment sizes (from boulders to fine particles) that are transported over variable distances. In the case of gold, grain morphology typically reflects the distance travelled: pristine-shaped grains suggest the sample may be close to the source of mineralization, rounded grains signal a distal source.
Salient Facts and Outlook
Survey Data and Results
Cluster | Number of gold-bearing till samples
| Highest gold count (normalized to 5-kg sample) | Dominant gold grain morphology in the cluster | Other information |
#1 | 8 | 881 | Pristine | No known gold prospect nearby. Limited drilling (one hole outside the target).
|
#2 | 15 | 33 | Mostly pristine to sub-pristine | No known gold prospect nearby. Undrilled sector.
|
#3 | 7 | 28 | Mostly pristine, or sub-rounded
| Gold prospect on strike (up to 12.6 g/t Au in grabs). Limited drilling.
|
#4 | 5 | 14 | Pristine
| Gold prospect (up to 6.7 g/t Au in grabs); shear zone. Undrilled area.
|
#5 | 6 | 31 | Mostly pristine
| Gold prospect nearby (up to 8.6 g/t Au); shear zone. Undrilled area.
|
#6 | 9 | 10 | Mostly pristine to sub-pristine
| Gold prospect (up to 77.8 g/t Au and 167 g/t Ag in grabs); shear zone. Limited drilling.
|
#7 | 2 | 80 | Pristine and sub-pristine
| No known gold prospect nearby. Undrilled area.
|
#8 | 3 | 2 | Pristine and sub-rounded
| Gold prospect on strike (up to 6.3 g/t Au in grabs). Limited drilling.
|
#9 | 22 | 24 (sampled over Patwon) 169 (distal)
| Mostly pristine
| Patwon gold zone. |
The cluster over the Patwon discovery and its immediate vicinity (cluster #9 on Figure 3) is considered to be the direct footprint of the mineralized zone in surficial sediments. Two samples close to the mineralized zone yielded 24 and 41 pristine gold grains. The best sample in the cluster, collected about 300 metres NW of Patwon, returned 169 sub-pristine grains.
The Patwon discovery
Patwon is shaping up as a significant gold discovery with a high probability of growth along strike and at depth (see press release of November 30, 2020). Drilling to date has confirmed the mineralized zone extends over a strike length of 500 metres, a depth of 250 metres and a true width of up to 80 metres.
The Elmer Property
The Elmer Property comprises 515 claims covering 271.3 km2 over a 35-kilometre strike length. The Property is 285 kilometres north of Matagami, 60 kilometres east of the village of Eastmain, and 5 kilometres west of the paved James Bay Road, a major all-season highway. The region benefits from quality infrastructure, including significant road access, a hydroelectric power grid and airports. Azimut staked the Property based on the results of the Company's predictive modelling for gold in the James Bay region using its proprietary AZtechMineTM expert system.
This press release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's qualified person under National Instrument 43-101. This press release has also been revised by Dr. Rémi Charbonneau, Senior Consulting Quaternary Geologist for Inlandsis Consultants.
About Azimut
Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 69.1 million shares outstanding. Azimut's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Azimut Exploration Inc.
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