Azimut Exploration Inc. ("Azimut") announces the closing on December 23, 2005 of a flow-through share private financing totalling $100,230. In total, Azimut issued 77,100 flow-through common shares at a price of $1.30 per share.
Azimut Exploration Inc. ("Azimut") announces that its partner Eastmain Resources Inc. ("Eastmain") has identified several significant gold exploration targets during the first program carried out on the C and D blocks of the Opinaca property in the James Bay region, Quebec. These claim blocks are respectively located south and northwest of the Eléonore property, which hosts the major Roberto gold discovery.
Azimut Exploration Inc. ("Azimut") announces that its partner Placer Dome (CLA) Limited ("Placer Dome") has identified several significant targets, including newly discovered mineralized showings, following a successful summer program on the Wabamisk property.
Azimut Exploration Inc. ("Azimut") announces that its partner Kennecott Exploration Company ("Kennecott") will fund an exploration program with a minimum budget of $500,000 to test a regionally significant copper-uranium target northeast of Sept-Îles, Quebec. The program follows reconnaissance fieldwork performed jointly by Azimut and Kennecott this past summer, the results of which confirmed Azimut's mineral potential modeling and justified the development of an exploration program.
Azimut Exploration Inc. ("Azimut") wishes to provide its shareholders and investors with an update on the key features of the company. Since its reactivation in mid-2003, Azimut has developed two large strategic land positions in Quebec with significant partnership agreements.
Azimut Exploration Inc. ("Azimut") and Everton Resources Inc. ("Everton") jointly announce the discovery of a gold bearing trend on the A-Block of the Opinaca Property. The Opinaca Property is adjacent to the Eleonore Property of Virginia Gold Mines that hosts the Roberto major discovery.
Azimut Exploration Inc. ("Azimut") announces that stock options to purchase a total of 130,000 common shares of the company have been granted to four directors.
Azimut Exploration Inc. ("Azimut") announces that six gold exploration programs are currently underway on properties that are held 100% by Azimut in the James Bay region of Quebec. A minimum budget of $1,550,000 - wholly financed by Azimut's partners - has been allocated for this year's work on the properties, which total 1,822 claims and 958 km2 (see accompanying figure to press release of May 25, 2005).
Azimut Exploration Inc. ("Azimut") reports the signature of an amendment with Placer Dome (CLA) Limited ("Placer Dome") regarding the option agreement (announced on May 4, 2005) on the Wabamisk Property located in the James Bay region of Quebec.
Azimut Exploration Inc. ("Azimut") announces the acquisition of 2,377 claims within the framework of its strategic agreement with Kennecott Exploration Company ("Kennecott"). The claims are contained within 12 blocks totaling an area of 1,284 km2.
Azimut Exploration Inc. ("Azimut") has signed, over the past several months, seven partnership agreements with five major and junior companies. In 2005, a minimal amount of $1,600,000 will be invested by our partners in exploration work and this, starting in June.
Exploration Azimut Inc. ("Azimut") announces the signing of a letter of intent with the company Placer Dome (CLA) Limited ("Placer Dome") for the Wabamisk Property, formerly known as the Eastmain East Block. The project is located in the James Bay region of Quebec and is currently held 100% by Azimut.
Exploration Azimut Inc. ("Azimut") announces the signing of a letter of intent with Cambior Inc. ("Cambior") for the West Block of the Eastmain Property, which is currently held 100% by Azimut.
Azimut Exploration Inc. ("Azimut") and Eastmain Resources Inc. ("Eastmain") announce the signing of two letters agreement regarding two claim blocks for which Azimut currently holds a 100% interest. According to the agreements, Eastmain can acquire a 50% interest during a 5-year period and may acquire an additional 15% interest upon delivery of a bankable feasibility study.
Azimut Exploration Inc. ("Azimut") announces the acquisition by staking of a major exploration gold property in the James Bay region totalling 834 claims over an area of 442 km2 (see annexed map). The Eastmain property consists of two claim blocks: the West Block with 166 claims, and the East Block with 668 claims of which 218 had been previously acquired by Azimut. Confirmation of the newly acquired claims by the Ministry of Natural Resources, Wildlife and Parks is pending.
Exploration Azimut Inc. ("Azimut") announces the closing on December 31, 2004 of a flow-through share private financing totalling $100,000. In total, Azimut issued 166,669 common shares at a price of $0.60 per share.
2005 Press Releases