Symbol: AZM.TSX Venture
LONGUEUIL, QC, Nov. 2, 2017 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) is pleased to provide an update regarding the exploration work conducted in the framework of its Strategic Alliance ("the Alliance") with SOQUEM. The Alliance, which covers 176,300 km2 in the Eeyou Istchee James Bay Territory of Quebec (see attached figure), allows the partners to conduct systematic exploration of high potential gold targets identified by advanced numerical data processing. Azimut is manager of the Alliance.
The following work has been completed over the course of the Alliance, which started one year ago and was expanded last summer (see press releases of September 26, 2016 and July 13, 2017):
These geochemical and geophysical surveys identified 18 target areas on four properties: 13 geochemical targets on Pikwa, Pontois and Desceliers, and 5 geophysical targets on Munischiwan (see press release of July 11, 2017).
The compilation and interpretation of the results from the prospecting program and additional geochemical survey are underway and will be reported as soon as they are finalized.
The status of the properties subject to these work programs are as follows:
This press release was prepared by Jean-Marc Lulin, professional geologist, acting as Azimut's qualified person under National Instrument 43-101.
About SOQUEM
SOQUEM, a subsidiary of Ressources Qu?(C)bec, is a leading player in mineral exploration in Qu?(C)bec. Its mission is to explore, discover and develop mining properties in Qu?(C)bec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.
About Azimut Exploration
Azimut is a mineral exploration company with its core business centred on target generation and concurrent partnership development. Targets are identified by Big Data Analytics (advanced processing of large geoscientific databases) enhanced by extensive exploration know-how. The Company has 45.4 million shares outstanding.
Azimut holds a strategic position for gold and base metals in Quebec, including one of the largest exploration portfolios in the James Bay region (20 properties covering 3,966 claims or 2,059 km2).
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.
SOURCEAzimut Exploration Inc.
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