Azimut Exploration Inc. ("Azimut") announces the closing of a $1,511,250 private financing representing 325,000 common shares of Azimut at a price of $4.65 per share. The placement was made by Desjardins Securities ("Desjardins") and Laurentian Bank Securities ("Laurentian") acting as intermediaries, and by Sodémex II.
Azimut Exploration Inc. ("Azimut") announces that Desjardins Securities will act as agent for a private placement of $999,750 representing 215,000 of Azimut's common shares at a price of $4.65 per share. Concurrently, Sodémex II, an institutional fund subsidiary of the Caisse de dépôt et placement du Québec, will invest $255,750 to acquire 55,000 of Azimut's common shares at a price of $4.65 per share.
Azimut Exploration Inc. ("Azimut") presents an update for seven gold exploration programs on its properties in the James Bay region of northern Quebec. These programs, funded 100% by Azimut's partners, represent a $3.4-million investment in exploration work for the year 2006. The table appended to this release summarizes the work performed this year, the key results obtained, pending results, and the work planned for 2007.
Azimut Exploration Inc. ("Azimut") and its partner Northwestern Mineral Ventures Inc. ("Northwestern") announce the preliminary delineation by surface prospecting of a 3.3-km-long uranium zone, the "Rae-1 Zone", on the North Rae property, east of Ungava Bay in northern Quebec. The Rae-1 Zone, which remains largely open, is coincident with elevated ground radiometric values and a strong 5-km-long helicopter-borne radiometric anomaly. Thirteen other first-priority airborne anomalies have already been identified on the property (press release dated October 11, 2006), and reveal a significant uranium exploration potential at the scale of the North Rae permit. Such airborne anomalies are not yet verified in the field or remain at an early reconnaissance stage.
Azimut Exploration Inc. ("Azimut") and its partner Northwestern Mineral Ventures Inc. ("Northwestern") announce the analytical results of a rock-sampling program performed this summer during the initial prospecting phase at the North Rae property east of Ungava Bay in northern Quebec. The program involved five people for 14 field days, and 186 of the collected rock grab samples were analyzed.
Azimut Exploration Inc. ("Azimut") announces the closing of a private financing with the Sodémex II Institutional Fund. Sodémex II is a limited partnership company and subsidiary of the Caisse de dépôt et placement du Québec.
Azimut Exploration Inc. ("Azimut") and its partner Northwestern Mineral Ventures Inc. ("Northwestern") announce the results of a lake bottom sediment survey performed this summer on the North Rae property east of Ungava Bay in northern Quebec. A total of 346 lake bottom sediment samples were collected over a surface area of 398 km2 on the property.
Azimut Exploration Inc. ("Azimut") announces that the Sodémex II Institutional Fund will subscribe to a private financing, subject to the approval of the regulatory authorities. Sodémex II is a limited partnership company and subsidiary of the Caisse de dépôt et placement du Québec.
Azimut Exploration Inc. ("Azimut") announces it has recently map staked the Daniel Lake project, a large property about 160 km east of the town of Kuujjuaq in the eastern Ungava Bay region of Northern Quebec.
Azimut Exploration Inc. ("Azimut") and Everton Resources Inc. ("Everton") announce that a new gold target has been identified on the Opinaca property (B Block) in the James Bay region, Quebec. The property is located east of the Eleonore property, which hosts the Roberto gold deposit owned by Goldcorp Inc.
Azimut Exploration Inc. ("Azimut") announces that its partner Kennecott Exploration Company ("Kennecott") has just completed a prospecting program for copper-uranium on the Manitou property located northeast of the town of Sept Îles in the North Shore region of Quebec.
Azimut Exploration Inc. ("Azimut") and Everton Resources Inc. ("Everton") announce preliminary results of an extensive exploration program that started early this summer on the Opinaca (A Block) property. The A Block is adjacent to the northern boundary of the Eleonore property, which hosts the Roberto gold deposit owned by Goldcorp Inc.
Azimut Exploration Inc. ("Azimut") announces that its partner Eastmain Resources Inc. ("Eastmain") is defining several target zones on the Opinaca (D Block) and Eleonore South properties. The zones consist of altered sulphide-bearing metasediments that are comparable to host lithologies at the Roberto gold deposit on Golcorp's Eleonore property.
Azimut Exploration Inc. ("Azimut") announces that its partner Northwestern Mineral Ventures Inc. ("Northwestern") has completed a first phase of field work on the North Rae property, located east of the Ungava Bay region of northern Quebec.
Azimut Exploration Inc. ("Azimut") provides an update of the 10 exploration programs that will be performed this year. These programs, funded 100% by Azimut's partners, will reach at least $4.5 million in work commitments and will take place on 16 different projects in Quebec.
Azimut Exploration Inc. announces that the Fonds de Solidarité F.T.Q. has converted the full amount of two debentures totalling $450,000 into Azimut shares.
Exploration Azimut Inc. ("Azimut") announces the signing of a letter of intent with Cambior Inc. ("Cambior") for the Comptoir property, which is currently held 100% by Azimut.
Azimut Exploration Inc. ("Azimut") and its partner Everton Resources Inc. ("Everton") announce the results of a 30 line-kilometre induced polarization (IP) geophysical survey completed over the A Block on the Opinaca property in James Bay, Quebec.
Azimut Exploration Inc. ("Azimut") announces that Cambior Inc. ("Cambior") will proceed with its second year option on the West Block of Azimut's Eastmain property. The Eastmain property is located about 80 km south of the Eleonore gold discovery that was recently acquired by Goldcorp Inc.
Azimut Exploration Inc. ("Azimut"), Goldcorp Inc. ("Goldcorp") and Eastmain Resources Inc. ("Eastmain") have signed a Letter of Intent to form a three-way joint venture covering a selected portion of Goldcorp's southern Eléonore claim block and the entire adjacent Opinaca property (C Block). The joint venture is designed to simplify ownership and accelerate the exploration of a highly prospective target zone bordering two significant properties located in the Opinaca region of James Bay, Quebec.
Azimut Exploration Inc. ("Azimut") is pleased to announce that Mrs. Moniroth Lim has been appointed Secretary Treasurer and becomes an Officer of the company. Her appointment is effective immediately.
Azimut Exploration Inc. ("Azimut") reports it has achieved a significant milestone with the acquisition of eight (8) large uranium properties. These new properties are the result of an exhaustive assessment of the uranium potential of Northern Quebec that was accomplished by reprocessing a geoscience database covering 683,000 km².
Azimut Exploration Inc. ("Azimut") and its partner Everton Resources Inc. ("Everton") announce that a 35 line-kilometre induced polarization (IP) survey has started on a 1.7-km gold bearing trend discovered in fall 2005 on the A Block of the Opinaca Project in James Bay, Quebec. The Opinaca Project is adjacent to Virginia's Eleonore gold discovery that was recently acquired by Goldcorp Inc.
Azimut Exploration Inc. ("Azimut") announces that Eastmain Resources Inc. ("Eastmain") will proceed with its second year option on the C and D blocks of Azimut's Opinaca Property. The Opinaca Property is adjacent to Virginia's Eleonore Gold discovery that was recently acquired by Goldcorp Inc.
Azimut Exploration Inc. ("Azimut") announces that stock options to purchase a total of 200,000 common shares of the company have been granted to four directors.
Azimut Exploration Inc. ("Azimut") announces that its partner Everton Resources Inc. ("Everton") has begun its 2006 exploration program on the Opinaca Property with a helicopter-borne magnetic and electromagnetic survey. The Opinaca Property (A, A-East, B and B-North blocks) is adjacent to the Eleonore gold discovery in James Bay, Quebec.
Azimut Exploration Inc. ("Azimut") and Northwestern Mineral Ventures Inc. ("Northwestern") announce the signing of a Letter of Intent regarding the North Rae Uranium Property. According to the agreement, Northwestern can acquire from Azimut 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") reports that it has recently acquired 2,280 claims for uranium in Quebec within the framework of its amended Strategic Agreement with Kennecott Exploration Company ("Kennecott"), the amendment of which was announced on February 21, 2006.
Azimut Exploration Inc. ("Azimut") is pleased to announce the appointment of Mr. Dennis Wood as a Director of the Company. Mr. Wood was elected on February 22, 2006, during the last Annual General Meeting of Shareholders held in Montreal.
Azimut Exploration Inc. ("Azimut") announces that its Strategic Agreement with Kennecott Exploration Company ("Kennecott") regarding the exploration of base and precious metals over a 500,000km2 region in Quebec (press release of July 13, 2004) has been extended to include the search for uranium deposits.
Azimut Exploration Inc. ("Azimut") and Everton Resources Inc. ("Everton") announce they have identified new gold targets on the Opinaca Project (A, A-East, B and B-North blocks) following reception and interpretation of the latest results of the 2005 exploration campaign. The Opinaca Project is located in the immediate vicinity of the Eleonore gold discovery.
Azimut Exploration Inc. ("Azimut") announces that Everton Resources Inc. ("Everton") will undertake a second year option on the A, A-East, B and B-North blocks of the Opinaca Project held 100% by Azimut. The Opinaca Project is adjacent to the Eleonore property that contains the Roberto gold discovery. Goldcorp Inc. recently acquired the Eleonore property from Virginia Gold Mines Inc.
2006 Press Releases