Azimut Drills 1.1% Sb over 51.5 metres, including 3.43% Sb and 2.37 g/t Au over 6.5 metres

Core Viewpoint - Azimut Exploration Inc. has reported promising drilling results from its Wabamisk Property, confirming a significant antimony-gold discovery in the Fortin Zone, which is expected to lead to further exploration and drilling campaigns [1][2]. Drilling Program Details - The initial drilling plan of 5,000 metres was expanded to a total of 6,396 metres, comprising 51 diamond drill holes, concluding in late March 2025 [2]. - The drilling program aimed to follow up on previous surface discoveries in the Fortin Zone, with full results now available [3]. Antimony and Gold Grades - The price of antimony has surged to US$58,000 per tonne due to supply shortages, particularly from China [4]. - Among the 28 holes with antimony grades above 0.2% Sb, 15 also showed gold intervals exceeding 1.0 g/t Au, with 8 holes reporting grades above 4.0 g/t Au [5]. Geological Context - The Fortin Zone has a minimum strike length of 1.0 kilometre and an average thickness of approximately 25 metres for intervals grading above 0.2% Sb [6]. - The mineralized system is hosted in a subvertical feldspar porphyry intrusive sill, with significant mineralization occurring along its southern contact with metasedimentary rocks [9]. Antimony Supply Context - Antimony is classified as a critical mineral, with 90% of global production concentrated in three countries: China (60%), Tajikistan (17%), and Russia (13%) [8]. - China's export restrictions on antimony have heightened the risk of supply disruptions, potentially leading to further price increases [8]. Company Overview - Azimut Exploration Inc. is recognized for its extensive mineral exploration portfolio in Quebec, focusing on gold, copper, nickel, and lithium [15]. - The company is advancing multiple projects, including the Elmer Gold Project and the Galinée lithium discovery, alongside the Wabamisk project [16].