Azimut Exploration (AZM-V) Sept 9, '14 has made significant progress on the mineral potential assessment of its Rex South property following further analysis of the database acquired during the company's exploration programs. Rex South is a major 100-per-cent-owned property at the heart of the Quebec government's Plan Nord project. The geologic context of the property and associated mineralization type are, so far, unique in Northern Quebec and open considerable exploration perspectives for the region.
Eighteen mineralized zones and prospects delineate a cumulative 57-kilometre length of prospective sectors within a 30-kilometre-by-10-kilometre area centred on the Qalluviartuuq intrusive complex, an ovoid-shaped fluorite-topaz-bearing granitic intrusion. The core area of the Rex South property represents 382 square kilometres or 53 per cent of the project's surface area. The significant mineral endowment of this area appears spatially linked with the QIC, which played a controlling role in the regional mineralization process. This context presents strong analogies with the characteristic features of the reduced intrusion-related gold deposit type (that is, metallic assemblage, mineral zoning, alteration, nature of host rocks). Examples of this deposit type notably include the world-class Donlin Creek and Fort Knox gold deposits in Alaska.
Data were acquired during five months of fieldwork from 2010 to 2012, which included a preliminary rotary drilling program in 2011 for a total of 4,934 metres. Well-identified targets, including intrusion-related and IOCG targets, can now be concurrently advanced through a program of surface prospecting, airborne geophysics and diamond drilling. Azimut's management considers Rex South a key asset for the company.
The Rex South property comprises 1,661 claims with a surface area of 723.3 square kilometres. It is located 140 kilometres east of the shore of Hudson Bay, 130 kilometres southeast of the Inuit coastal village of Puvirnituq and 225 kilometres southwest of Glencore's world-class Raglan nickel-platinum-group-element mine. |
