Ungava Bay Region
Click here to see mapAzimut's discoveries on its Ungava properties during the last two years suggest the eastern part of the Ungava Bay region could become Canada's new uranium district. In this region, where no uranium mineralization had ever been reported, Azimut used the results from its predictive assessment of the uranium potential of northern Quebec (640,000 km2) to stake 5 large properties totalling 7,946 claims.
Azimut's target deposit type for the Ungava Bay region is a large-tonnage uranium deposit amenable to open pit mining. Mineralization discovered thus far is hosted by granitic pegmatites and gneissic rocks. Analyses revealed that uranium mineralization is due to the presence of uraninite.
In 2007, expenditures for Azimut's partner-funded gold exploration programs in the Ungava Bay region totalled $2.8 million. Cumulative commitments from the Company's partners in this region reach almost $12 million over the next four years.
Key results for Uranium
North Rae (optioned to NWT Uranium Corporation)
Click here to see map- 14 priority helicopter-borne radiometric anomalies have now been defined, with a minimum cumulative length of 28 km;
- In 2006 and 2007, 7 mineralized zones were discovered that can be spatially correlated with airborne anomalies; these mineralized zones have a minimum lateral cumulative length of 10 km and grab samples graded up to 3.3% U3O8.
South Rae (optioned to Majescor Resources)
Click here to see map- In the first few days of the initial prospecting program in 2007, more than 96 distinct radioactive outcrops were identified, together forming a prospective trend 30 km long that included two zones of 8 km each; collected samples graded up to 0.65% U3O8;
- The results of a helicopter-borne radiometric survey, which were received after the initial prospecting program was over, indicate the presence of more than 392 targets grouped into 52 distinct anomalous areas over a minimum cumulative length of 56 km; these targets will be evaluated in 2008.