Exploration Efforts Intensify at Perseus Nickel-PGE Project
Exciting Developments at the Perseus Nickel-PGE Discovery
Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) (OTCQX: AZMTF) is embarking on a significant diamond drilling initiative on the Kukamas Property, showing a dedicated commitment to uncover more about the Perseus high-grade nickel-PGE discovery. This extensive drilling program will consist of at least 4,000 metres to delineate the discovery and analyze additional promising targets.
The Aims of the Current Drilling Program
This latest drilling program aims to achieve two core objectives:
Expanding the Perseus Zone
The team plans to expand the Perseus Zone both at depth and along strike, dedicating about 2,200 metres for this endeavor. This area is open in all directions, suggesting significant potential for further discoveries.
Exploring New Targets
There’s also a focus on new geological targets situated to the north of Perseus along a promising 1.6-kilometre trend. Approximately 1,200 metres will be allocated for drilling in this direction, aimed at testing fresh mineralization prospects.
The Unique Characteristics of the Perseus Zone
The Perseus Zone is garnering attention due to impressive nickel results, often exceeding 3% Ni with remarkable specimens recorded as high as 19.6% Ni. These results are frequently accompanied by high palladium grades ranging from 1.16 g/t Pd to 12.15 g/t Pd, alongside platinum grades hitting 3.65 g/t Pt. Such a combination of high-grade nickel and platinum group elements (PGE) paints a promising picture for the region.
Recent Geological Findings and Preliminary Results
A myriad of enriching discoveries characterizes the geology surrounding the Perseus Complex. Recent mapping has recognized at least seven distinct komatiitic flow sequences extending across a 3-kilometre stretch, interfacing with sulphide-bearing formations that collectively contribute to a robust ultramafic package.
Drilling Results: A Closer Look
One of the most striking findings from the Perseus Zone includes:
- Surface Channel 1: 2.98% Ni, 0.32% Cu, 2.25 g/t PGE over 8.0 m.
- Hole KUK24-002: Delivered an extraordinary 8.42% Ni, 0.55% Cu, and 7.25 g/t PGE over 1.9 m.
- Hole KUK24-007: Remarkable results featured 19.6% Ni, 0.81% Cu, and 9.43 g/t PGE over 0.75 m.
These findings suggest a highly fertile mineral system with potential similarities to the renowned Kambalda type deposits known for their massive sulphide horizons.
Infrastructure and Logistics Supporting the Project
The Kukamas Property spans a considerable area, featuring 665 claims across two blocks, boasting vital infrastructure such as high-voltage power lines and proximity to essential roadways and airstrips. The project benefits immensely from its location, streamlining operational capabilities and enhancing development speed.
Collaboration and Future Prospects
Under an option agreement, KGHM International Ltd. actively collaborates with Azimut on this project. KGHM has the opportunity to acquire a significant portion of the project through substantial investment in ongoing exploration efforts, paving the way for further joint exploration initiatives.
About Azimut Exploration
As a prominent mineral exploration firm, Azimut has established itself with an extensive exploration portfolio in Quebec, skillfully targeting areas rich in gold, copper, nickel, and lithium resources. In addition to the Kukamas Project, Azimut is pushing forward with opportunities in the Wabamisk and Elmer Gold Project, reflecting its robust commitment to resource development.
Frequently Asked Questions
1. What is the purpose of the new drilling program at Kukamas?
The drilling program aims to further define the Perseus high-grade nickel-PGE discovery and evaluate additional targets within the Kukamas Property.
2. How much drilling is planned for the Perseus Zone?
A minimum of 4,000 metres of diamond drilling is planned, focusing on both expanding known areas and exploring new potential.
3. What are the notable results from past drilling at Perseus?
Impressive results include grades such as 2.98% Ni, 8.42% Ni, and even high palladium concentrations, indicating a rich mineral zone.
4. What infrastructure supports the Kukamas Property?
The Kukamas Property benefits from essential infrastructure including high-voltage power lines and proximity to major transport routes.
5. Who is involved in the exploration efforts at Kukamas?
The exploration efforts are a collaboration between Azimut and KGHM International Ltd., highlighting a joint commitment to mineral discovery.
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