Nunavik comprises the northern third of the province of Quebec above the 55th parallel, covering an area of 507,000 km². It is the homeland of the Inuit of Quebec, and in their language, Nunavik means “place to live” (Inuktitut: ᓄᓇᕕᒃ).Potential for world-class discoveries
Nunavik is a largely under-explored region with huge geological potential for a variety of commodities, in a province recognized around the world as a low-risk jurisdiction for exploration and mining.
Azimut is focusing on Nunavik’s potential for large-scale copper, gold, silver, cobalt and rare earth element (REE) deposits, in addition to large-tonnage uranium deposits. Several deposit types are envisioned, such as Iron Oxide Copper Gold (IOCG), gold-copper porphyry, sediment-hosted gold, and intrusion-hosted uranium deposits.Target generation
In 2006, Azimut began performing mineral potential modelling over one million square kilometres of land in northern Quebec and Labrador, generating and subsequently acquiring many large exploration targets for various commodities. The information used in the targeting process included multi-element lake-bottom sediment geochemistry, geophysics, geology and remote sensing data.
This proprietary methodology is the cornerstone of Azimut and is particularly suited to remote and under-explored regions like Nunavik.
As of January 2011, Azimut’s 100% owned Nunavik portfolio comprises 24 properties:• 4 copper, gold, silver, cobalt, tungsten and rare earth element (REE) properties
• 12 uranium properties
• 8 gold properties (not shown on map) Validation of the results
Follow-up fieldwork has validated the modelling results, leading to the discovery of more than 200 new mineralized prospects on Azimut’s Nunavik properties.
In particular, very significant results have been obtained from initial exploration programs conducted on two polymetallic properties — the Rex (gold-REE) and Rex South (copper-REE-gold-tungsten) — and a new uranium province was discovered in the Ungava Bay region.