Key facts
| Company | Azimut Exploration Inc. (TSXV: AZM) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Corvet
The Corvet property lies immediately south of the emerging Corvette (PMET) lithium district, near the Trans-Taiga Road, a nearly 600-km-long gravel highway running east-west through the James Bay region. It is 55 km southwest of the La Grande-4 airstrip and 225 km east-southeast of Radisson. The property straddles a major tectonic boundary and displays a strong multi-element (Ag-As-Bi-Cu-Sb) spatial association in lake-bottom sediments. The property also covers an outstanding lithium exploration target represented by a prominent 26-km-long Li anomaly in lake-bottom sediment coupled with strong Rb, Cs, Ga and Sn footprints.
News releases2 on file
Azimut and Centerra Amend Option Agreement for the Corvet and Kaanaayaa Properties
An amendment to the option agreement with a wholly owned subsidiary of Centerra Gold Inc. on the Corvet and Kaanaayaa properties in the Eeyou Istchee James Bay region of Quebec reduces Year 6 minimum exploration expenditures under the second option phase from $1,500,000 to $1,250,000, lowering second-option minimum expenditures from $10,000,000 to $9,750,000 and total expenditures for Centerra to
AcquisitionAzimut and Centerra Sign Option Agreement for the Corvet and Kaanaayaa Properties
A definitive option agreement with a subsidiary of Centerra Gold covers the Corvet and Kaanaayaa properties (556.3 km², 1,082 claims) in the Eeyou Istchee James Bay region, Quebec. Centerra can earn 51% over four years by funding $6,000,000 in exploration and paying $250,000, with $1,250,000 firm, then a further 19% (70% total) over six years by delivering a PEA with a minimum 1 Moz AuEq resource,
Acquisition