From Sydney Mining Club Site- Dominic O’Sullivan will be presenting at the Sydney Mining Club on Thursday, February 2nd, 2012
Azimuth is a promising gold explorer working exclusively in Guyana, South America. Guyana is not well known here in Oz and lies just outside the top twenty gold producers, but once you hear the Azimuth story, you will get a fresh take on the decade ahead with new deposits continually being discovered, developed and mined.
Azimuth has a market capitalisation over $200M and $20M cash to fund the aggressive drilling programme at its key projects. The drilling fleet is planned to expand from three rigs to seven rigs during this January. It has land position exceeding 8.000km² and holds the largest ground position in the main gold mineralised greenstone belt where deposits are typically found in a shear zone setting. This belt is highly prospective and contains a whacking estimated 110Moz gold inventory with multi-million ounce deposits identified. Newmont, Teck and Goldfields are all active in Guyana.
Azimuth has an experienced in-country management and technical team, and Dominic O’Sullivan, the Managing Director, leads from the front by being based in Guyana.
AZH Price at posting:
59.5¢ Sentiment: LT Buy Disclosure: Held
