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Message: Eastmain, Azimut to begin drilling at Eleronore South

Eleonore South property is a JV in a 3 way split (ER, G subsidiary, AZM). AZM is managing the drilling with the budget of $2M which was just announced. Participation is split according to ownership %, roughly 1/3 each (ER: $0.7M, etc...).

Finally, they want to drill their side. Main target would be the JT prospect and the area just south of SOI Cheechoo #52 (12 gpt over 20m). Note that G also has 19.9% of SOI, since they want to keep a sharp eye on these two potential deposits (Cheechoo and what AZM might discover on Eleonore South, since G wants extra ore to feed the hungry Eleonore Mill.

Check out AZM NR and website. They have some extra info.

GH

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