Azimut Exploration (AZM-V) reports on Hecla (HL-NY) Quebec's progress on the Opinaca B gold property, James Bay region
Nov 25, '15 - NR
Azimut Exploration is pleased to report that Hecla Quebec Inc., a wholly owned subsidiary of Hecla Mining Company, has renewed its option to earn up to 60% interest on the Opinaca B Property in the immediate vicinity of Goldcorp's Éléonore gold mine in the James Bay region.
On the Opinaca B Property, Hecla has the option to earn up to a 60% interest from Azimut and Everton Resources Inc (EVR-V), each company currently owning a 50% interest. A $60,000 option payment from Hecla was recently received by Azimut.
During the spring and summer of 2015, Hecla conducted a $394,000 exploration program comprising:
A 40.5-km ground magnetic survey and a 21.8-km induced polarization ("IP") survey;
A prospecting program, including the sampling of 473 grab (rock) or float samples and 96 soil samples; and
A trenching program, including the collection of 153 channel samples from six sites.
Results outlined a 150- to 200-m-wide package of IP anomalies in the D8 prospect area carrying anomalous gold values (up to 0.11 g/t Au). The best prospecting result was 3.0 g/t Au from a boulder of chloritized wacke with quartz-feldspar-tourmaline veinlets.
Recently 42 new claims (22 km2) have been added to the Opinaca B Property. These new claims provide better control on the possible extensions of already defined prospective targets.
A diamond drilling program is currently proposed for 2016 to test several high priority targets on the property.
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 the objective of discovering major ore deposits. The Company's core business is project generation using cutting-edge targeting methodologies, concurrently with partnership development.
SOURCE Azimut Exploration Inc.
 Jean-Marc Lulin, President and CEO,
Tel.: (450) 646-3015,
Fax: (450) 646-3045,
info@azimut-exploration.com ,
www.azimut-exploration.com |
