Azimut Resumes Drilling to Expand the Antimony-Gold Zone on the Wabamisk Property, James Bay Region, Québec, Canada

Core Viewpoint - Azimut Exploration Inc. is advancing its systematic diamond drilling program to delineate the Fortin antimony-gold Zone on its Wabamisk Property in Québec, Canada, following promising previous results and aiming to enhance the understanding of the mineralization potential in the area [1][2][3]. Company Summary - Azimut Exploration Inc. is a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Québec [18]. - The Wabamisk Property is a wholly owned project covering 662 claims over an area of 350.5 km², strategically located near other significant mineral deposits and infrastructure [11]. - The company is also advancing other projects, including the Elmer Gold Project, which has indicated and inferred resources of 311,200 ounces and 513,900 ounces of gold, respectively [19]. Drilling Program Details - The current drilling program aims to define the Fortin Zone over a 1.5-kilometre strike and down to 200 metres vertically, with a minimum of 5,000 metres planned for completion by August [6]. - A second phase of 5,000 metres will follow to infill and expand the mineralized zone, focusing on high-grade gold potential at depth [6]. - Preliminary results from channel sampling have shown significant antimony and gold grades, with peak values of 36.5 g/t Au and 13.4% Sb [5][6]. Mineralization Insights - The Fortin Zone is characterized by a multi-kilometre-long antimony-gold-bearing feldspar porphyry sill hosted in sheared metasediments, with continuity of antimony mineralization confirmed over a strike length of at least 1.5 kilometres [2][3]. - The mineralized system is primarily hosted in an east-west striking, subvertical feldspar porphyry intrusive sill, with antimony-rich systems being unusual in the Archean settings of Québec [13]. Market Context - The price of antimony has surged to US$60,000 per tonne due to supply shortages, with China accounting for 60% of global production, highlighting the strategic importance of antimony as a critical mineral [10]. - The ongoing supply constraints and trade disputes have increased the risk of supply disruptions, potentially leading to further price appreciation [10].