Eastmain River region of James Bay District
- Located in the James Bay region of northwestern Quebec, approx. 300 km north of Matagami, 500 km north of Val d’Or and 820 km northwest of Montreal.
- Three claims blocks comprised of 7 claims with multiple historic gold occurrences situated within and near Azimut’s Elmer Property. Azimut’s property, with its Patwon gold zone, and the Eliza project cover the same east-west trending package of generally felsic-intermediate rocks.
- The region benefits from quality infrastructure that includes major access roads, a hydropower grid and airports.
- The Elmer Trend is part of an underexplored greenstone belt of the La Grande Sub-province that is considered highly prospective for intrusion-related and shear-related gold deposits. The trend is dominated by felsic volcanics, andesite, diorite, basalt, gabbro, and porphyry dykes.
- The geological setting and mineralized context of the Elmer Trend share strong similarities with the Windfall Project in the Abitibi region (Osisko Mining Inc.). Other exploration companies have compared its features to the Hemlo and Bousquet-Doyon mining camps.
- The GRID A-16 Block consists of 4 mineral licences located approximately 6 km south of Azimut’s Patwon gold prospect. A rock channel sample from the historic Grid A-16 showing returned 5.0 g/t gold over 30 centimetres. One historic diamond drill hole is located 500 metres south of the Grid A-16 showing and was drilled to a depth of 149 metres. There are no records that the surface showing received further attention.
- The ETMN-87 Block consists of one mineral licence internal to Azimut’s Elmer Property and 5 km east of Azimut’s Patwon prospect. A grab sample taken on the claim returned 13.91 g/t gold.
- The James Bay Road Block is the Eliza Gold Project’s easternmost block and is crossed by the paved James Bay road which is the principal route to north-western Quebec. The James Bay Road Block consists of three mineral licenses and contains the highest grade surface gold showing recorded in the region, with 176.61 g/t (5.7 ounces per ton) gold in a grab sample taken 630 metres west of a highway bridge that crosses the Opinaca River.
