Azimut: 6 Exploration Programs Underway in the James Bay Region.MONTREAL -- Azimut Exploration Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AZM AZM The ISO 4217 currency code for Azerbaijani Manat. ) ("Azimut") announces that six gold exploration programs are currently underway on properties that are held 100% by Azimut in the James Bay James Bay, shallow southern arm of Hudson Bay, c.300 mi (480 km) long and 140 mi (230 km) wide, E central Canada, in Nunavut Territory between Ont. and Que. Numerous rivers flow into the bay; many of these have been developed for hydroelectric power in Quebec (see region of Quebec.A minimum budget of $1,550,000 - wholly financed by Azimut's partners - has been allocated for this year's work on the properties, which total 1,822 claims and 958 km2 (see accompanying figure to press release of May 25, 2005). Opinaca properties (A and A-East blocks, B and B-North blocks): first phase, consisting of systematic lake bottom sediment sampling and prospecting.The partner, Everton Resources Inc., is the operator (budget of $500,000). Opinaca properties (C Block and D Block): systematic soil sampling, prospecting and helicopter-borne magnetic and electromagnetic surveys (VTEM system).The partner, Eastmain Resources Inc., is the operator (budget of $450,000). Eastmain West Block property: systematic lake bottom sediment sampling, prospecting and till sampling (glacial sediments).The partner, Cambior Inc., is the operator (budget of $200,000). Wabamisk property: systematic lake bottom sediment sampling, prospecting, till sampling (glacial sediments) and airborne magnetic surveys.The partner, Placer Dome Placer Dome was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada. Barrick has acquired 100% of the Placer Dome shares on January 20, 2006, and has integrated the company into its own. (CLA CLA, n.pr See acid, conjugated linoleic. ) Limited, is the operator (budget of $400,000). Azimut is a mineral exploration company utilizing cutting-edge targeting methodologies to reduce exploration risk and discover major ore deposits.The Company currently has 14.44 million issued shares. Jean-Marc Lulin, geologist, was responsible for preparing this press release and is a qualified person according to National Instrument 43-101. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (TSX Venture) does not accept responsibility for the adequacy or accuracy of this release. Azimut Exploration Inc. (TSX VENTURE:AZM) |
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