Stocks in play: Azimut Exploration Inc.
Announced the start of a new exploration program on the Eleonore South JV Property (Azimut-Eastmain-Goldcorp) where a substantial gold-bearing system has been uncovered from 2016 to 2018. The adjacent property to the north west hosts the major Eleonore gold mine owned and operated by Goldcorp. The new $2.5 million budget will consist of the following work: 2,000 metres of mechanized trenching to expose gold mineralization and alteration in the Cheechoo tonalite intrusion and along the intrusion-metasediment contact (1,250 m of trenching), and to expose the southwestern extensions of the high-grade Moni Prospect (750 m of trenching); 7,000 metres of diamond drilling. Azimut Exploration Inc. shares V.AZM are trading up $0.03 at $0.29.