Symbol: AZM.TSX Venture
LONGUEUIL, QC,
June 19, 2017 /CNW
Telbec/ - Azimut Exploration Inc ("Azimut"
or the "Company") (TSXV: AZM) is pleased to
announce that Hecla Mining Company
("Hecla")
(NYSE: HL) has commenced a 2,500-metre diamond
drilling program on the Opinaca B Gold Property held
by Azimut and its partner Everton Resources Inc. (TSXV:
EVR).
The aim of the 7-hole drilling program is to test two
targets with strong gold discovery potential: the Dominic area and
the Fishhook structure. Hecla
greatly improved the definition of these targets during the 2016
program, which included a detailed interpretation of previous
magnetic data and comprehensive field work (see press release dated
January 23, 2017).
The Opinaca B Property, comprising 248
claims covering 129.7 km2, is situated in a highly
prospective part of the Eleonore mining camp where significant
drilling results have been recently released for the Eleonore
South Property (Azimut-Goldcorp-Eastmain JV) and the
Cheechoo Property (Sirios Resources) (see attached
figure).
Hecla has the option to
acquire a 50% interest in the Opinaca B Property by incurring
$6 million in exploration work. This
expenditure should be complete by November
2017. Following this first option, Hecla was granted a second option according to
the terms disclosed in Azimut's press releases of September 16, 2010 and April 21, 2016.
This press release was prepared by geologist Jean-Marc Lulin, acting as Azimut's Qualified
Person under NI 43-101.
Azimut is a mineral exploration company with a core
business centred on target generation and concurrent partnership
development. Targets are identified using advanced processing of
large geoscientific databases, enhanced by extensive exploration
know-how. Azimut holds a strategic position for gold and base
metals in Quebec. The Company has
45.4 million shares outstanding.
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.