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  1. Azimut Exploration Inc. acquires and evaluates mineral properties in Canada, with its company based in Longueuil.

Azimut Signs Option Agreement for Gold-Copper Properties in Quebec

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What happened

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Azimut Exploration Inc. signed a definitive option agreement with a wholly owned subsidiary of Centerra Gold Inc. for the Corvet and Kaanaayaa properties in the Eeyou Istchee James Bay region of Quebec, Canada. The properties were staked for their gold-copper potential, and an initial systematic till sampling program is scheduled to begin mid-October.

From thesudburystar.com

Why it matters

Some supportBrind's analysis of the reports

Under the agreement, Centerra Gold Inc. has the right to earn up to a 70% interest in the properties by funding cumulative exploration expenditures of $16,000,000 and making cash payments up to $850,000. This is contingent on Centerra delivering a Preliminary Economic Assessment with a minimum mineral resource estimate of one million gold-equivalent ounces.

Azimut Exploration Inc. acquires and evaluates mineral properties in Canada.

From thesudburystar.com

Who's involved

  • AzimutSigned the option agreement for the mineral properties
  • companyWholly owned subsidiary of Centerra Gold Inc. that signed the agreement

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Azimut Exploration Inc. acquires and evaluates mineral properties in Canada, with its company based in Longueuil. All 1 developments

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