Longueuil‚ Quebec - Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV; AZM) announces that it has recently received an amount of $957‚870 resulting from the exercise of 1‚435‚185 common share purchase warrants previously issued in connection with a private placement completed in November 2008.
Longueuil, Quebec - Azimut Exploration Inc ("Azimut") (TSXV: AZM) is pleased to announce it has received the prestigious Prospector of the Year Award during the recent Quebec Exploration Convention organized by the Association de l’exploration minière du Québec (AEMQ) and the Ministère des ressources naturelles et de la faune du Québec (MRNF).
Longueuil, Quebec - Azimut Exploration Inc ("Azimut") (TSXV: AZM) and its partner Aurizon Mines Ltd ("Aurizon") (TSX: ARZ) have received the first set of results from the major exploration program performed in 2011 on the Rex South property. The program successfully led to the discovery of several new mineralized zones. The Rex South property is emerging as a new mineral district with strong potential for a number of gold, strategic and base metal deposits along a 30-km trend in Northern Quebec.
Longueuil, Quebec - Azimut Exploration Inc (%quot;Azimut%quot;) (TSXV: AZM) announces that its partner Goldcorp Canada Ltd (%quot;Goldcorp%quot;) (TSX: G) has exercised its second option on the Wabamisk property, allowing Goldcorp to earn an additional 19% interest in the property upon delivery of a bankable feasibility study. Goldcorp recently earned a 51% interest in the property after completing its first option. A new exploration program is currently planned by Goldcorp and will start later this fall.
Longueuil, Quebec - Azimut Exploration Inc (%quot;Azimut")(TSXV: AZM) and Aurizon Mines Ltd ("Aurizon")(TSX: ARZ) have successfully completed three major summer work programs in Nunavik, Northern Quebec. These programs were conducted on the Rex and NCG properties (100% Azimut) and the Rex South property (100% Azimut, optioned to Aurizon). Analytical results will be released in a timely manner.
Longueuil, Quebec - Azimut Exploration Inc ("Azimut" or "the Company") (TSXV: AZM) announces the discovery of a new mineralized 1.5-km-long copper-molybdenum zone on its 100% owned Rex property in Nunavik, northern Quebec. This latest zone (the Robinson Zone) further supports the excellent exploration potential for large-scale polymetallic deposits in a region considered by Azimut to be a new mineral belt of major importance.
Longueuil, Quebec - Azimut Exploration Inc ("Azimut" or "the Company") (TSXV: AZM) reports excellent results from its 100%-owned Diana property in Nunavik, northern Quebec. Strong and extensive anomalies in lake-bottom sediments from the property include copper (up to 1,010 ppm Cu), nickel (up to 549 ppm Ni), cobalt (up to 260 ppm Co), and combined rare earth elements (REE) and yttrium (up to 1,218 ppm REE+Y). Supported by magnetic and geological data, these geochemical anomalies delineate several highly prospective targets.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) reports excellent results from its 100%-owned Eastmain West property located in the James Bay region, Quebec. Chromium grades up to 39% Cr2O3 and platinum group element (PGE) values up to 1.9 g/t PGE have been obtained within a 4-km-long ultramafic intrusion on the property. These new data further confirm the strong chromium-PGE exploration potential of the project.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) reports that ground-based geophysical surveys have begun on the Rex and Rex South properties to better define high-quality polymetallic drilling targets. Surveying will comprise 115 line-kilometres of induced polarization (IP) and 278 line-kilometres of magnetics to be performed on the two properties. This phase of work is in preparation for the 10,000-metre drilling program scheduled to start early this summer, which will include 3,000 metres of drilling at Rex and 7,000 metres at Rex South.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or "the Company") (TSXV: AZM) announces it has now completed the acquisition of what it considers to be an outstanding exploration domain for large-scale polymetallic deposits, including copper, gold, tungsten and rare earths, in Nunavik, northern Quebec.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") (TSXV-AZM) announces the closing of a non-brokered private placement of $5,800,000 with a group of accredited investors, including the Chairman and a director of Azimut, and two (2) institutional funds.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) reports that the non-brokered private placement announced on March 1st, 2011 has been increased by $600,000 in Units. The placement will now consist of Units aggregating $4,800,000 and Flow-Through Common Shares aggregating $1,000,000, for a total of $5,800,000. The placement will be made with a group of accredited investors and two (2) institutional funds. All other terms pertinent to the financing which have been disclosed in the March 1st, 2011 press release remain the same.
Longueuil, Québec - Azimut Exploration Inc. ("Azimut") (TSXV: AZM) announces a non-brokered private placement of an amount of up to $5,200,000 with a group of accredited investors. The placement will consist of Units aggregating $4,200,000 and an additional $1,000,000 of Flow-Through Common Shares.
Longueuil, Quebec - Azimut Exploration Inc ("Azimut") (TSX-V: AZM) announce that five (5) new major copper and rare earth element (REE) exploration target areas have been identified on the REX property following the interpretation of comprehensive lake-bottom sediment geochemical and airborne geophysical surveys performed on the property in 2010. Discoveries during the 2010 field program included the RBL Zone and the CM Zone-two multi-kilometre Iron Oxide Copper Gold ("IOCG") mineralized systems-as well as other significant copper-gold prospects.
Longueuil, Quebec - Azimut Exploration Inc ("Azimut") announces the improved definition of four (4) major copper and gold exploration target areas on the Rex South property following the interpretation of property-wide lake-bottom sediment geochemical and airborne geophysical surveys performed in 2010.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut") and Aurizon Mines Ltd. ("Aurizon") announce that high tungsten grades, up to 4.62% W, have been received for check analyses performed on 37 tungsten-bearing grab samples collected during the 2010 field program on the Rex South property, Nunavik, Quebec. An average grade increase of 130% was obtained compared to previous results. The difference is due to the use of the more accurate X-ray fluorescence method of analysis on samples previously analysed by ICP (see below for more details).
Longueuil, Quebec. - Azimut Exploration Inc. ("Azimut") announces that a total of 450,000 stock options have been granted to its directors, officers, employees and consultants. Of this number, 410,000 have been granted to its directors and officers and 40,000 to its employees and consultants. These options have an exercise price of $0.80 per share and are exercisable during a 10-year period.
Longueuil, Quebec - Azimut Exploration Inc. ("Azimut" or "the Company") is pleased to report that its partner Aurizon Mines Ltd. ("Aurizon") will invest a total of $5.1 million in exploration work in 2011 on two (2) properties under option agreement with the Company, including $4.1 million on the Rex South property.