NCG

Key addition to Nunavik polymetallic portfolio

The 100% owned NCG (Nunavik-Copper-Gold) project consists of 5,416 claims in 22 claim blocks over a surface area of 2,401 km² in northern Quebec (Nunavik). The claim blocks are about 140 km east of Hudson Bay. The nearest Inuit communities are the coastal villages of Puvirnituq and Inukjuak.

Azimut's polymetallic portfolio in Nunavik also includes the nearby Rex and Rex South projects, and the Diana property more than 500 km to the southeast.

Control of a 330-km copper-gold trend

Azimut now controls a 330-km-long exploration domain for large-scale polymetallic deposits (copper, gold, tungsten, rare earths) with the combined coverage of its extensive NCG, Rex and Rex South projects. The total coverage is 13,132 claims for a surface area of 5,707 km² (press release of March 31, 2011).

The trend is mainly defined by a strong copper anomaly in lake-bottom sediments, about 330 km long by 20 to 30 km wide, with values consistently above 100 ppm Cu and up to 370 ppm Cu. Background copper values in northern Quebec average 30 ppm Cu based on the Quebec Government’s sampling of 37,214 lakes over a surface area of 418,100 km². Other strong geochemical anomalies are present in several areas along the copper trend, most notably for rare earth elements, cobalt, molybdenum, arsenic and antimony.

Target generation and past exploration

Azimut recognized the area’s potential when its systematic mineral potential modelling at the scale of Quebec generated an enormous polymetallic target in this underexplored part of the province. The proprietary methodology used multi-element lake-bottom sediment geochemistry data, magnetic and gravity data, remote sensing data, geological mapping, and historical exploration work.

Historical exploration by other companies within this copper-gold exploration domain has been very limited and patchy. Azimut operated an exploration program on Rex and Rex South in 2010, but has yet to explore the NCG project.

Upcoming exploration program

The 330-km trend covered by the NCG, Rex and Rex South projects will be subject to at least $6.6 million in exploration this year: $2.5 million by Azimut directly on Rex and NCG, and $4.1 million by Azimut’s key partner Aurizon Mines at Rex South. These programs will include an initial 10,000 metres of drilling.

Relevant Press Releases

March 31, 2011
Azimut controls a 330-kilometre Copper-Gold trend in Nunavik, Quebec