Azimut: Second Year Option by Eastmain on the Opinaca Property in James Bay, Quebec.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 Eastmain Resources Inc. ("Eastmain") will proceed with its second year option on the C and D blocks of Azimut's Opinaca Property. The Opinaca Property is adjacent to Virginia's Eleonore Gold discovery that was recently acquired by Goldcorp Inc. The discovery of a gold-arsenic soil anomaly that measures at least 7 km long on the C Block was the most significant result obtained during the 2005 field exploration program (press release of December 14, 2005). Eastmain plans to invest a minimum of $650,000 in exploration work on the C and D blocks in 2006. Work programs will target the C Block gold anomaly as well as numerous gold soil anomalies detected on the D Block. This phase of exploration will include detailed geochemical and geological surveys in addition to prospecting and trenching. Diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral of selected targets will follow. Azimut holds 100% interest in the C and D blocks comprising a total of 354 claims (185 km2). Eastmain can earn a 50% interest on the Property by investing $4.6 million in exploration work, and an additional 15% interest upon the delivery of a bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. . Eastmain is the project operator. This press release was prepared by geologist Jean-Marc Lulin, Azimut's Qualified Person under NI 43-101. Azimut is a mineral exploration company that reduces exploration risk by using leading edge targeting methods to discover major deposits. 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 responsibil ity for the adequacy or accuracy of this release. Azimut Exploration Inc. (TSX VENTURE:AZM) |
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