Azimut discovers a new copper-molybdenum zone at Rex, Nunavik, Quebec
LONGUEUIL, QC, July 22, 2011 /CNW/ --
Symbol: AZM.TSX Venture
LONGUEUIL, QC, July 22, 2011 /CNW Telbec/ - Azimut Exploration Inc ('Azimut' or 'the Company') (TSXV: AZM) announces the discovery of a new mineralized 1.5-km-long
copper-molybdenum zone on its 100% owned Rex property in Nunavik,
northern Quebec. This latest zone (the Robinson Zone) further supports the excellent exploration potential for large-scale
polymetallic deposits in a region considered by Azimut to be a new
mineral belt of major importance.
Azimut's systematic targeting efforts in Quebec led to the acquisition
of a controlling land position along a 330-km prospective trend in
Nunavik, represented by its Rex, Rex South and NCG properties totalling
13,133 claims over a 5,708 km(2) surface area (see press release of March 31, 2011).
The discovery of the Robinson Zone is the result of prospecting work
that followed up on an in-fill lake-bottom sediment survey performed by
Azimut in 2010. The zone has been recognized over a strike length of
1.5 km and a width of 30 to 130 m, and remains open in all directions.
Mineralization, mostly represented by chalcopyrite (up to 5%),
molybdenite (up to 1%) and pyrite, is hosted in a biotite-rich granite
with porphyritic and pegmatitic facies. The dominant alteration type is
silicification. Mineralization has been confirmed using a portable
X-ray fluorescence (XRF) analyzer. Laboratory analyses are pending.
The extensive exploration program underway on the Rex, Rex South and NCG
properties can be summarized as follows:
-- At Rex (5,672 claims), work includes comprehensive prospecting
and 3,000 m of drilling.
-- At Rex South (2,044 claims), work includes comprehensive
prospecting and 7,000 m of drilling. Azimut's key partner,
Aurizon Mines Ltd, is the operator.
-- At NCG ('Nunavik Copper Gold' 5,417 claims), ongoing work
includes an in-fill lake-bottom sediment geochemical survey and
reconnaissance prospecting.
On-site field operations at Rex and NCG are managed by Azimut's senior
project geologist, François Bissonnette, P.Geo. This press release was
prepared by Jean-Marc Lulin, P.Geo., acting as Azimut's Qualified
Person under NI 43-101.
Azimut is a mineral exploration company with the objective of
discovering major ore deposits. The Company's core business is project
generation using cutting-edge targeting methodologies, along with
partnership development. Azimut holds the largest mineral exploration
portfolio in Quebec, including key gold, copper, uranium and rare earth
element properties.
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.
To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/July2011/22/c6943.html
Jean-Marc Lulin, President and CEO |
Tel.: (450) 646-3015 - Fax: (450) 646-3045 |
info@azimut-exploration.com www.azimut-exploration.com |