Azimut, SOQUEM make major discovery at Munischiwan
Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a “major” discovery of gold-copper-silver mineralization at Azimut’s Munischiwan property in the James Bay region.
The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.84 g/t silver.
Azimut says the discovery is the direct result of its predictive mineral potential modeling. The company modeled 176,300 km2 in the James By region in 2016. The mineralization is mostly disseminated chalcopyrite or quartz veins hosted in foliated metasediments with strong biotite alteration.
The Munischiwan property is located about 85 km east of the Cree community of Eastmain, in an area serviced by permanent roads, power grids and airport facilities. The exploration program is funded by SOQUEM with Azimut as operator.
Azimut’s exploration portfolio includes 22 properties in the James Bay region.
This article first appeared in the Canadian Mining Journal.