Symbol: AZM.TSX Venture
LONGUEUIL, QC, Nov. 30, 2017 /CNW Telbec/ - Azimut
Exploration Inc. ("Azimut" or the "Company")
(TSXV: AZM) is pleased to announce that its partner
Goldcorp Inc. (TSX: G, NYSE: GG) is starting a
heliborne geophysical survey on the Wabamisk Property
located in the James Bay region,
Quebec.
The SkyTEM electromagnetic survey with a line spacing of 100
metres, and a total coverage of 3,322 line kilometres, will be
performed by Geo Data Solutions Inc. based in Laval, Quebec. The objective is to enhance
target definition on the project by delineating high-quality
conductors. The $325,000 budgeted for
this phase of work is funded by Goldcorp.
The Wabamisk Property hosts numerous gold prospects in a
geological setting comparable to Goldcorp's major Eleonore gold
deposit about 70 km to the north. Wabamisk is 40.5 km long and
comprises 487 claims covering a surface area of 258 km2.
It is held 51% by Goldcorp and 49% by Azimut. Goldcorp has the
option to earn an additional 19% interest on the Property by
completing a feasibility study.
This press release was prepared by geologist Jean-Marc Lulin acting as Azimut's Qualified
Person under National Instrument 43-101.
Azimut Exploration is a mineral exploration
company whose core business is centred on target generation and
concurrent partnership development. Targeting is performed using a
pioneering proprietary approach to Big Data analytics, enhanced by
extensive exploration know-how.
Azimut holds a strategic position for gold and base metals in
Quebec, including one of the
largest exploration portfolios in the James Bay region (21 properties covering 4,135
claims or 2,116 km2).
The Company maintains rigorous financial discipline. It has
45.4 million shares outstanding. Azimut's 2017 exploration
budget is $6.3 million, 77% of
which is funded by partners.
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.