TSXV: AZM
OTCQX: AZMTF
LONGUEUIL, QC, Feb. 8, 2023
/CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the
"Company") (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce the
start of a 3,000-line-kilometre helicopter-borne high-resolution
magnetic and VTEMTM Plus electromagnetic survey to cover
the entire Kukamas Copper-Gold Property (the "Property")
located in the Eeyou Istchee James Bay region (the "James Bay region") in Quebec (see Figures 1 and 2).
This survey signals the beginning of exploration on the Property
under the option agreement concluded with KGHM International
Ltd ("KGHM"). KGHM is a subsidiary of KGHM Polska Miedź S.A, a
Polish corporation that has been a major copper and silver producer
for more than 60 years, with mining projects in Europe, North
America and South America
(see press release of December 8,
2022).
The 2023 partner-funded exploration program will total
$770,000. Azimut is the operator.
Geotech Ltd of Aurora, Ontario,
will conduct the survey using 100-metre spaced lines. A ground
prospecting phase will follow.
Kukamas covers a 41-kilometre cumulative strike length along a
highly prospective greenstone belt (the Yasinski Group) within the
geological La Grande Subprovince of the Archean Superior Province.
Kukamas displays one of the strongest geochemical footprints for
copper-gold mineralized systems in the James Bay region, marked by strong values in
copper, silver, arsenic and antimony in lake-bottom sediments. The
geology is characterized by extensive shear zones, clastic
metasediments, iron formations, and mafic to felsic metavolcanics
surrounding granitic intrusions.
Kukamas is considered largely underexplored. Numerous known
prospects sit on or adjacent to the Property. Historical grab
samples collected on the Property graded up to
10.63 g/t Au and 20.7 % Cu. Note that
grab samples are selective by nature and unlikely to represent
average grades.
The two main target types are shear-related copper-gold systems
and intrusion-related nickel-copper-cobalt-PGE systems.
The Property comprises 537 claims (272.5 km2) in two
blocks of claims. It is easily accessible using the nearby
infrastructure. Specifically, it lies 4 kilometres north of
the Trans-Taiga Road (a major highway) and LG-3 airstrip, along an
access road leading to Hydro-Québec's LG-3 hydroelectric generating
station just north of the Property. The nearest town is
Radisson, 80 kilometres to
the north-northwest.
This news release was prepared by Dr. Jean-Marc Lulin, P.Geo., acting as Azimut's
qualified person under National Instrument 43-101. Rock Lefrançois,
P.Geo., Manager – Special Projects, and Mathieu Landry, P.Geo., Senior Consultant, have
also reviewed the content of this press release.
About Azimut
Azimut is a leading mineral exploration company with a solid
reputation for target generation and partnership development. The
Company holds the largest mineral exploration portfolio in
Quebec.
Azimut is actively advancing its wholly-owned flagship Elmer
Gold Project to the initial resource stage in the James Bay region. Azimut has acquired a major
nickel position with its James Bay Nickel Project.
Azimut also benefits from an outstanding position for
lithium in the region.
Azimut uses a pioneering approach to big data
analytics (the proprietary AZtechMineTM
expert system), enhanced by extensive exploration know-how.
Azimut's competitive edge is based on systematic regional-scale
data analysis and concurrently active projects. Azimut maintains
rigorous financial discipline and a strong balance sheet, with
79.5 million shares issued and outstanding.
www.azimut-exploration.com
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.