Azimut Identifies Visible Gold in 11 Drill Holes on the Rosa Zone, Wabamisk Project, James Bay, Québec

Core Insights - Azimut Exploration Inc. has completed its maiden diamond drilling program at the Rosa Zone on the Wabamisk Property, drilling a total of 3,633 metres across 26 holes, significantly exceeding the initial plan of 1,500 metres due to encouraging visual observations of gold [1][2]. Drilling Program Details - The drilling program was expanded based on positive visual observations, with assay results pending. The company plans to aggressively expand its drilling program early next year, with two drill rigs and a fully operational exploration camp already on-site [2]. - Visible gold was found in over 40% of the drilled holes, correlating with a 700-metre east-west trend of gold-bearing outcrops and multiple induced polarization anomalies identified over a minimum strike of 1.4 kilometres [3]. Mineralization Observations - Eleven of the 26 holes displayed visible gold, associated with quartz veins and metasedimentary host rocks. Specific observations include visible gold at various depths in multiple holes, indicating a preliminary east-west-striking envelope measuring 200 metres long by 100 metres wide [5]. - Preliminary results from surface channel sampling have shown high-grade gold results, including 23.0 g/t Au over 3.0 metres and 30.17 g/t Au over 4.0 metres [5]. Property Overview - The Wabamisk Property consists of 673 claims covering 356 square kilometres, strategically located in a prospective belt in the James Bay region. The adjacent Wabamisk East Property has been optioned to Rio Tinto for lithium exploration [7][8]. - The property is situated near significant mining operations and infrastructure, enhancing its accessibility and potential for development [8]. Project Management and Analysis - The drilling program is managed by Nouchimi-RJLL Drilling Inc., with samples sent to ALS Laboratories for analysis. The company employs industry-standard QA/QC procedures to ensure the reliability of results [9]. - Azimut utilizes a proprietary big data analytics system, AZtechMine™, to enhance its exploration efforts, maintaining a strong financial position and rigorous financial discipline [14]. Company Background - Azimut is recognized for its extensive mineral exploration portfolio in Quebec, focusing on gold, copper, nickel, and lithium projects. The company is advancing several high-potential projects, including the Galinée lithium discovery [13]. - Strategic investors include Agnico Eagle Mines Limited and Centerra Gold Inc., holding approximately 11% and 9.9% of the company's shares, respectively [15].