Azimut Exploration (TSXV: AZM) this morning announced two separate exploration programs within the James Bay region of Quebec. The company is set to explore over a reported 60 kilometres of strike in search of gold mineralization.
The firm is set to explore its Elmer and Wapatik properties, as a follow-up to the recent discovery at the Patwon gold zone, where the company drilled 24.0 g/t gold over 18 metres recently. At Elmer, the company is to conduct a till sampling survey over 35 kilometres, which is to surround the Patwon discovery. Till sampling is then to be followed with detailed prospecting.
At Wapatik, the company is to conduct a till sampling survey over a total of 25 kilometres, which is also to be followed by prospecting work. The company notes that this property however has an outstanding 50% option to Mont Royal Resources, whom is funding the program, with Azimut remaining the operator.
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The till sampling surveys follows magnetic data collected earlier this year on Wapatik.
Azimut Exploration last traded at $2.13 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
