QUEBEC – Azimut Exploration of Longueuil, QC, is encouraged by the results of a regional exploration program that its partner Aurizon Mines of Vancouver did last year on the Rex South property. The property is located in Nunavik and owned by Azimut. Aurizon has an option to acquire 65% of the project.
The Rex South property presents evidence of an extensive intrusion-related porphyry/greisen-type polymetallic mineralized system (Au-Ag-Cu-W-Sn-Bi) and iron oxide copper gold (IOCG) mineralization. The project is part of a 330-km-long emerging polymetallic province largely controlled by Azimut, who says the geological and mineral context of the region displays comparable features with the world-class Carajás Mineral Province in Brazil.
Recent work included channel sampling and reconnaissance drilling that intercepted numerous mineralized sections in the Augossan zone. That zone appears to be a large polymetallic envelope at the contact between a granitic intrusion and volcano-sedimentary host rocks. The best drill hole returned 2.84 g/t Ag, 0.56% W, 0.11% Cu over 1.52 m (from 10.67 to 12.19 m). The zone is open in all directions.
Details are available at Azimut-Exploration.com in the news release dated April 4, 2012.