Azimut Starts Drilling High-Grade Gold Zone at Wabamisk, James Bay Region, Québec

Core Insights - Azimut Exploration Inc. has initiated a maiden 1,500-metre core drilling program on the Rosa Zone, discovered through prospecting this summer [1][2] - The Rosa Zone is located on the Wabamisk Property in the Eeyou Istchee James Bay region of Québec, Canada [1] - The drilling program is contingent on positive initial results, with additional drilling planned [1] Drilling Program Details - The drilling program is based on systematic follow-up work, including an induced polarization (IP) survey that outlined a continuous chargeability anomaly over 1.4 kilometres [2][3] - The IP survey identified a subparallel chargeability anomaly located 50 to 200 metres north of the main anomaly [2] - The corridor defined by the IP data and prospecting results measures 1.4 kilometres by 200 metres [3] Geological Context - The mineralization consists of a sheared quartz vein system with disseminated sulphides, generally less than 2%, and visible gold associated with quartz veins observed at over 10 locations [6] - High-grade results include 36 grab and channel samples with grades above 1.0 g/t Au, with 15 samples exceeding 5.0 g/t Au, up to 42.0 g/t Au [6] - The mineralized outcrops extend over a 700-metre east-west strike, with consistent high-grade results over 300 metres, and the IP results suggest a minimum strike of 1.4 kilometres [6] Property Overview - The Wabamisk Property comprises 673 claims covering 356 square kilometres, including the former Chromaska Property [7] - The adjacent Wabamisk East Property has been optioned to Rio Tinto for lithium exploration, providing a strategic 51-kilometre strike position in a prospective belt [7][8] - The property is located near significant mining operations and infrastructure, enhancing its accessibility [8] Project Management and Analytical Protocols - The drilling program is conducted by Nouchimi-RJLL Drilling Inc., with rock samples analyzed by ALS Laboratories using fire assay and ICP methods [9] - Azimut applies industry-standard QA/QC procedures to its drilling and prospecting programs [9] - The project is managed by Alain Cayer, P.Geo., ensuring adherence to technical standards [10] Company Background - Azimut is a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Quebec [12][13] - The company employs a proprietary big data analytics system, AZtechMine™, to enhance exploration efficiency [13] - Strategic investors include Agnico Eagle Mines Limited and Centerra Gold Inc., holding approximately 11% and 9.9% of the company's shares, respectively [14]