Azimut Exploration Inc. is pleased to announce that it has closed its previously announced bought deal private placement financing for total gross proceeds of approximately $28.75 million, consisting of 3,463,900 common shares of the Company that qualify as "flow-through shares" of the Income Tax Act and section 359.1 of the Taxation Act at a price of $3.32 per FT Share and 9,078,472 common shares of the Company on a [...]
Azimut Exploration Inc. is pleased to report it has commenced an extensive exploration program on two wholly-owned properties, Elmer and Wapatik, covering 60 kilometres of favourable geological strike in the greenstone belt hosting the Patwon gold discovery. Azimut has a controlling position over this underexplored but highly prospective belt in the James Bay region of Quebec. Extensive favourable structures for gold [...]
Azimut Exploration Inc. is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters, in connection with a bought deal private placement financing for total proceeds of approximately $25 million, consisting of 3,463,900 common shares of the Company that qualify as "flow-through shares" of the Income Tax Act and section 359.1 of the Taxation Act ) at a [...]
Azimut Exploration is pleased to report that it continues to intersect wide, high-grade gold intervals at the Patwon discovery on the Company's 100% owned Elmer Property in the James Bay region. Azimut's current diamond drilling program is now complete with 15,135.5 metres drilled. Three new holes totalling 1,393 metres are reported in this press release. Ten holes totalling 2,463.5 metres were previously reported . Assay [...]
Azimut Exploration Inc. is pleased to provide updated information on the progress of its current 15,000-metre diamond drilling program on the Company's 100% owned Elmer Property in the James Bay region of Quebec. This phase of work, to be completed by the end of June, is designed to expand the Patwon gold discovery with 10,000 metres of drilling and test 10 high-quality targets in the vicinity of the discovery with 5,000 [...]
Azimut Exploration Inc. is pleased to report that it continues to intersect wide, high-grade gold intervals at the Patwon discovery on the Company's 100% owned Elmer Property in the James Bay region of Quebec. The Company's current 15,000-metre diamond drilling program at Elmer has resulted in 10,149 metres drilled to date. This drilling program is designed to: Expand the Patwon discovery with 10,000 metres ; Test 10 [...]
Azimut Exploration Inc. is pleased to report excellent results from initial metallurgical tests on samples from the Patwon Gold Zone the Company's 100% owned Elmer Property in the James Bay region of Quebec. Cyanide leaching suggests excellent gold extraction potential. Additional metallurgical tests are currently underway. The current drilling program will comprise 60 holes for 15,000 metres . So far, 7,531 metres have [...]
Azimut Exploration Inc. is pleased to provide an update for the 15,000-metre diamond drilling program underway on the Company's 100% owned Elmer Property in Quebec. Since early February, Azimut has drilled 16 holes totalling 4,836 metres to expand the Patwon gold discovery on the Property. This delineation phase is designed to extend the discovery along strike and to a depth of 350 metres using a systematic [...]
Azimut Exploration Inc. is very pleased to announce the appointment of Ms. Krista Muhr to the Board of Directors of the Company, effective March 18, 2021. Krista Muhr brings nearly 20 years of experience working with public companies in the global metals and mining sector with strong ESG and capital market credentials at senior levels. Advisor to both corporate and trade association boards during her 10 years in executive [...]
Azimut Exploration Inc. is pleased to report the results of a 105 line-kilometre induced polarization geophysical survey over an 8-kilometre by 3-kilometre priority exploration corridor surrounding the Patwon discovery. The Patwon Zone is located on the Company's wholly-owned Elmer Property in the Eeyou Istchee James Bay region of Quebec. These new IP results, combined with recently reported prospecting and till results [...]
Azimut Exploration Inc. is pleased to announce the start of a 60-hole diamond drilling program totalling 15,000 metres on the Company's 100% owned Elmer Property in the James Bay region of Quebec. Drilling will start the first week of February. The objectives are: Expand the Patwon Zone along strike and at depth with 10,000 metres of drilling. Test new high-quality targets with 5,000 metres of drilling in a priority [...]
Azimut Exploration Inc. is pleased to report the preliminary results of a high-density till sampling survey conducted over the Patwon gold discovery and its vicinity on the Company's 100% owned Elmer Property in the James Bay region of Quebec. These results further support the excellent potential for additional discoveries on the Property, along strike or subparallel to the Patwon Zone. Till sampling is a classical [...]
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