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Munischiwan

  • Region

    James Bay

    Size

    8,800 Ha

    Metals

    Au-Ag-Cu

    Target Style

    Shear-zone hosted / Intrusion-related systems

    Stage

    Drilling Stage - Targets Identified

    Operator

    SOQUEM

    Ownership

    50% AZM / 50% SOQUEM

    2024 Planned Program

    Data processing

    Introduction

    The Munischiwan property is a gold-polymetallic (Au-Cu-Ag) project in a 50/50 JV with SOQUEM. The property lies about 11 km north of the Elmer property and 85 km from the Cree community of Eastmain on the east coast of James Bay. The Billy-Diamond Highway passes through the property. The project partly covers a well-defined As-Ag-Bi-Cu-Sb anomaly in lake-bottom sediments, accompanied by favourable geophysical, geological and structural criteria. Intrusion-related and shear zone-hosted systems are the main target types. There were no known showings on Munischiwan before Azimut began exploring the property.

  • Since acquiring the property, Azimut has conducted several exploration programs involving grab sampling, channel sampling, airborne geophysics (magnetics and VTEMTM Plus) and ground geophysics (IP and magnetics). In 2017, the Company flew a heliborne Mag-VTEM Plus survey (838 line-km) over the property, followed by a reconnaissance program that led to the discovery of several showings, including the Soga Prospect (up to 2.53% Cu, 9.0 g/t Ag in grabs).

    SOQUEM-funded exploration work in 2018 (prospecting and stripping) led to the discovery of an outcropping Au-Cu-Ag zone now known as the InSight Prospect. This prospect measures 600-m by 150-m envelope based on outcropping mineralization, with grades up to 100.5 Au, 435 g/t Ag, 105 g/t Te and 1.67% Cu. The zone dips about 30° east, is open in all directions, and is coincident with a 300-m by 1,000-m IP anomaly striking NNW-SSE. Mineralization consists of disseminated chalcopyrite and quartz veins or veinlets hosted in foliated metasediments affected by strong biotite alteration. An additional gold showing 600 m to the south (2.42 g/t Au) may represent the extension of the prospect.

    Grab samples from outcrops returned good grades (PR of December 5, 2018), including: 

    • 100.5 g/t Au, 151.0 g/t Ag, 156.0 g/t Te, 0.14% Cu
    • 4.89 g/t Au, 196.0 g/t Ag, 0.30% Cu
    • 2.28 g/t Au, 4.65 g/t Ag, 0.29% Cu

    In 2019, Azimut and SOQUEM completed a 70-line-km Mag-IP ground survey to further assess the InSight Prospect, and commenced detailed surface sampling (PR of June 27, 2019). Multiple IP anomalies, subparallel to and/or on strike with the prospect, constitute highly prospective targets within a trend at least 3 km long by 1 km wide. Target definition is strengthened by the correlation between IP anomalies and heliborne magnetic data.

  • The geology of the Munischiwan property consists of the folded and faulted Lower Eastmain volcano-sedimentary belt in the La Grande Subprovince (Archean Superior Province), sandwiched between foliated plutonic rocks of tonalitic to granodioritic composition. Important northeast- and northwest-trending faults transect the property. Gravity and magnetic data suggest these faults are the crustal manifestation of trans-lithospheric suture zones. The volcano-sedimentary belt displays multiple folding events and was cut by intrusive rocks of different compositions. The metamorphic grade is from amphibolite to granulite facies, and the presence of chlorite spatially associated with the mineral occurrences suggests a possible retro-metamorphic event.

    Mineralization at the InSight Prospect consists of disseminated chalcopyrite and quartz veins or veinlets hosted in foliated metasediments affected by strong biotite alteration.
     

  • June 27, 2019
    Azimut and SOQUEM Resume Exploration on the Munischiwan Property (Au, Ag, Cu), James Bay Region, Quebec
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    May 15, 2019
    Azimut and SOQUEM Sign Final Strategic Alliance Agreement
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    April 30, 2019
    Azimut and SOQUEM Identify Induced Polarization Anomalies over the InSight Au-Ag-Cu Discovery, Munischiwan Property, James Bay
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    March 25, 2019
    Azimut and SOQUEM cover the InSight Discovery (Au-Ag-Cu) with a Ground Geophysical Survey, Munischiwan Property, James Bay region
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    December 5, 2018
    Azimut and SOQUEM obtain New Results from the Munischiwan Property (Au, Ag, Cu), James Bay region, Quebec
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    October 25, 2018
    Azimut and SOQUEM discover Gold and Polymetallic (Cu, Co, Mo) Mineralization on the Munischiwan Property, James Bay region
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    June 6, 2018
    Azimut and SOQUEM undertake a $1.5 Million Exploration Program on Seven Gold Projects in the James Bay Region of Quebec
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    October 17, 2017
    Azimut and Partners announce High-Grade Gold Surface Discovery at Eleonore South, James Bay region, Quebec
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    July 11, 2017
    Azimut and SOQUEM initiate a Prospecting Program on Four Gold Properties in the James Bay Region, Quebec
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    March 14, 2017
    Azimut and SOQUEM commence an aerial geophysical survey on the Munischiwan Gold Property, James Bay region, Quebec
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    December 5, 2016
    Azimut and SOQUEM start exploration on four gold properties through their Strategic Alliance in the James Bay region, Quebec
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    October 3, 2016
    Azimut and SOQUEM acquire four gold properties through their Strategic Alliance in the James Bay region of Quebec
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