Symbol: AZM.TSX Venture
LONGUEUIL, QC, Sept. 2 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
and its partner Everton Resources Inc. ("Everton") report results of the
winter/spring 2008 drill program on the Opinaca A and B gold properties.
Twelve holes totaling 1,600 m were completed by Everton to test
coinciding airborne electromagnetic conductors, induced polarization anomalies
and geochemical anomalies on the Smiley, Lola, and Charles Targets located on
Opinaca A and the Dominic Target on Opinaca B. Most of the drill holes
intersected altered sediments containing a variable amount of sulfide
mineralization. Due to technical problems in cutting thick overburden to reach
the bedrock, many planned drill holes were abandoned on the Lola and Smiley
Targets and the drilling program was modified. The re-designed drill program
succeeded at intersecting anomalous gold values at the Smiley and the Dominic
Targets.
Results include 4.24 g/t Au over 1 m and 0.38 g/t Au over 1 m in Hole
OS-08-04A at the Smiley Target on Opinaca A and 0.55 g/t Au over 0.3 m and
0.60 g/t Au over 1.2 m in Hole DB-08-01 at the Dominic Target on Opinaca B.
The Smiley Target on Opinaca A is located 5 km north of the Eleonore Gold
Deposit (3.7 million ounces indicated and inferred gold resource) where
Goldcorp Inc. reported in their 2008 Second Quarter Report the conduction of
intensive drilling in the north and south extensions of the deposit.
Azimut and its partner Everton are currently integrating the new results
with the regional dataset in order to prepare the next round of exploration
work on Opinaca A and B. Future drill programs will require heavier drill
equipment in order to test targets located below thick overburden coverage.
Fieldwork was performed under the supervision of Marc L'Heureux, P. Geo.
and VP Exploration of Everton, who acts as Everton's Qualified Person as
defined by NI 43-101. Samples were assayed by Laboratoire Expert Inc. of
Rouyn-Noranda, Quebec and ALS Chemex of Val d'Or, Quebec. This press release
was prepared by geologist Jean-Marc Lulin, Azimut's Qualified Person. Azimut
is a mineral exploration company using cutting-edge targeting methodologies
with the objective of discovering major ore deposits.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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