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.
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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.