Core Insights - Azimut Exploration Inc. is advancing its diamond drilling program on the Fortin antimony-gold zone, which is becoming one of the largest antimony-bearing systems in Canada [1][2][3] Company Developments - The Fortin Zone has been traced over a length of 1.8 kilometers and to a vertical depth of 250 meters, remaining open in all directions [2][3] - The company has drilled 86 holes totaling 12,286 meters since the discovery in 2024, with plans to resume drilling early next year, starting with an initial 5,000 meters [3][4] - Recent assay results from 28 of the 35 drill holes indicate significant antimony and gold grades, with notable results including 0.89% Sb and 0.65 g/t Au over 41.9 meters in hole WS25-67 [4][5] Geological Context - The mineralized system is associated with a massive albitic stratiform hydrothermal alteration zone, with evidence of strong albitic alteration and mineralization occurring along the southern sheared contact with less altered metasedimentary host rocks [8][9] - The Fortin Zone is located along a major tectono-metamorphic boundary, which is recognized as prospective for gold, similar to the Eleonore gold deposit [8][9] Market Context - The price of antimony has surged to US$56,000 per tonne due to supply shortages, particularly following China's export restrictions, which have significantly impacted global supply [9] - Antimony is classified as a critical mineral by Canadian and American governments, with China, Tajikistan, and Russia accounting for approximately 90% of global production [9] Property Overview - The Wabamisk Property, wholly owned by Azimut, comprises 673 claims covering 356 square kilometers, with strategic positioning in the James Bay region [10][11] - The adjacent Wabamisk East Property has been optioned to Rio Tinto for its lithium potential, enhancing the strategic value of the area [10]

Core Insights - Azimut Exploration Inc. has reported positive results from a systematic field program on its Wabamisk East Property, revealing a large-scale system of spodumene pegmatites with significant lithium potential [1][7]. Group 1: Project Overview - The Wabamisk East Property consists of 205 claims covering 108.5 km and is wholly owned by Azimut, which has optioned it to Rio Tinto for lithium exploration [8]. - Under a revised option agreement, Rio Tinto can earn up to a 70% interest by spending $85 million, with Azimut acting as the operator during the initial phase [2][11]. Group 2: Geological Findings - The pegmatite bodies at Lithos-North and Lithos-South exhibit variable thicknesses, with the former showing thicknesses from 10 to over 50 meters and the latter from 10 to 15 meters [5][6]. - A total of 86 distinct spodumene-bearing outcrops have been identified, with 63 of 109 grab samples collected in 2025 returning grades higher than 0.5% Li2O, including 29 samples exceeding 2.0% Li2O, with a maximum grade of 6.93% Li2O [7]. Group 3: Future Plans - Azimut plans to propose an aggressive drilling program to Rio Tinto for early 2026 as the project progresses towards the drilling stage [2]. - The ongoing mechanical stripping is expected to expand the known footprint of the pegmatitic bodies and confirm continuous mineralization over a significant area [7].

QcX Gold to Conduct Prospecting and Soil Sampling on Fernet West Project, QuebecOctober 07, 2025 7:00 AM EDT | Source: QcX Gold CorpMontréal, Québec--(Newsfile Corp. - October 7, 2025) - QcX Gold Corp. (TSXV: QCX) (OTC Pink: QCXGF) (FSE: 21MA) ("QcX" or the "Company") is pleased to announce plans to conduct a prospecting and soil sampling program across the Fernet West project in the northern Abitibi region of Québec, Canada. The gold-focused field campaign will target structural and lithologi ...

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]

Core Points - QcX Gold Corp. has successfully closed a non-brokered private placement financing, raising gross proceeds of $750,000 through the issuance of 7,500,000 units at a price of $0.10 per unit [1][4] - Each unit consists of one common share and one whole common share purchase warrant, with the warrant allowing the purchase of one common share at $0.15 for a period of 24 months [2] - The net proceeds from the offering will be used for exploration and evaluation of the Golden Giant and Fernet properties, as well as for general working capital [4] Financial Details - The company paid a cash commission of $43,400 and issued 434,000 finder's warrants to certain finders [3] - An aggregate of 1,410,000 options to purchase common shares has been granted to directors, officers, and consultants at a price of $0.155 per share for five years [6] Shareholder Information - Prior to the offering, Albert Contardi owned approximately 17.16% of the issued common shares, which increased to approximately 13.60% on an undiluted basis and 19.72% on a partially diluted basis after the offering [7] Company Overview - QcX Gold is focused on exploring gold and VMS style mineralization in Québec, Canada, with significant projects located near major discoveries [8]

Core Viewpoint - Azimut Exploration Inc. has discovered a significant gold-bearing zone named the "Rosa Zone" on its Wabamisk Property in the James Bay region of Québec, characterized by high-grade gold results and visible gold occurrences, leading to an expedited transition to drilling planned for fall 2025 [2][3][4]. Summary by Relevant Sections Discovery and Characteristics - The Rosa Zone is outlined over a minimum 700-metre strike with consistent high-grade gold results over 300 metres, featuring visible gold at more than 10 locations along the western part of the zone [3][6]. - Notable results include 29 grab and channel samples with grades above 1.0 g/t Au, including 14 samples exceeding 5.0 g/t Au, with the highest grade reaching 42.0 g/t Au [6]. Geological Context - The zone is situated in the Archean greenstone belt of the La Grande Subprovince, close to the tectono-metamorphic boundary with the Opinaca Subprovince, and is characterized by a shear-hosted quartz vein system [6][9]. - The geometry of the Rosa Zone indicates it is at least 5 to 10 metres thick, with a steep dip to the south and a preliminary definition of a second subparallel gold-bearing trend striking 250 metres south of Rosa [6][9]. Exploration and Development Plans - A follow-up program is scheduled prior to drilling, including mechanical stripping of trenches to further define the zone's geometry [7][8]. - Azimut has made three substantial field discoveries on the Wabamisk Property since regaining full control in 2024, with ongoing exploration programs for other targets in the vicinity, including the Fortin Zone and lithium potential in the Wabamisk East Property [4][8][14]. Company Overview - Azimut Exploration Inc. is recognized for its extensive mineral exploration portfolio in Québec, focusing on gold, copper, nickel, and lithium, and is known for its innovative approach to target generation and partnership development [13][16]. - The company maintains a strong balance sheet and rigorous financial discipline, with strategic investments from major shareholders including Agnico Eagle Mines Limited and Centerra Gold Inc. [17].

Core Viewpoint - Azimut Exploration Inc. has initiated a 4,000-metre diamond drilling program to further define the high-grade nickel-PGE discovery at the Perseus Zone on the Kukamas Property in Quebec's James Bay region [1][18]. Drilling Program Objectives - The drilling program aims to expand the Perseus Zone at depth and along strike with 2,200 metres of drilling, as well as to test new targets along a 1.6-kilometre geological trend with 1,200 metres of drilling [4]. Historical Discoveries and Results - Previous drilling results from the Perseus Zone include high-grade nickel and PGE values, such as: - Hole KUK24-002: 8.42% Ni, 0.55% Cu, 7.25 g/t PGE over 1.9 m - Hole KUK24-007: 6.06% Ni, 0.38% Cu, 3.34 g/t PGE over 2.6 m, including 19.6% Ni over 0.75 m [3][4]. Geological Context - The Kukamas Property features a cumulative strike length of 41 kilometres and covers an area of 337.8 square kilometres, benefiting from significant infrastructure [5]. - The geological framework includes komatiitic sequences, which are similar to the Kambalda type nickel deposits, indicating a fertile system for mineralization [4][11]. Partnership and Financial Aspects - Azimut has an option agreement with KGHM International Ltd, allowing KGHM to acquire an initial 50% interest in the Kukamas Property by funding $5 million in work expenditures over four years [12]. - KGHM can earn an additional 20% interest by delivering a preliminary economic analysis and incurring at least $4.2 million in work expenditures over three years [12]. Project Management and Technical Oversight - The drilling program is managed by Orbit Garant Drilling Inc., with samples analyzed by ALS Laboratories, following industry-standard QA/QC procedures [6][7]. - Rock Lefrançois, Vice-President Exploration, oversees project management, while Dr. Jean-Marc Lulin, President and CEO, is the qualified person responsible for the technical information disclosed [8][9].

Core Insights - Azimut Exploration Inc. has initiated a 4,000-metre diamond drilling program to further define the Perseus high-grade nickel-PGE discovery and explore additional targets on the Kukamas Property in Quebec, Canada [1][2] Drilling Program Objectives - The drilling program aims to expand the Perseus Zone at depth and along strike with 2,200 metres of drilling, as well as to test new targets north of Perseus along a 1.6-kilometre geological trend with 1,200 metres of drilling [4] Previous Discoveries - Significant results from the Perseus Zone include: - Surface channel 1: 2.98% Ni, 0.32% Cu, 2.25 g/t PGE over 8.0 m, with a peak of 3.74% Ni over 6.0 m - Hole KUK24-002: 8.42% Ni, 0.55% Cu, 7.25 g/t PGE over 1.9 m - Hole KUK24-007: 6.06% Ni, 0.38% Cu, 3.34 g/t PGE over 2.6 m, including 19.6% Ni over 0.75 m [3][4] Geological Context - The Kukamas Property covers a strike length of 41 kilometres and includes 665 claims over 337.8 square kilometres, benefiting from major infrastructure and proximity to regional transport [5] - The Perseus Complex is characterized by komatiitic sequences with high MgO content, indicating a fertile system similar to the Kambalda type nickel deposits in Australia [4][11] Project Management and Analysis - Orbit Garant Drilling Inc. is conducting the drilling program, with samples sent to ALS Laboratories for a comprehensive analysis of various elements [6][7] - The project is managed by Rock Lefrançois, Vice-President Exploration at Azimut, with Dr. Jean-Marc Lulin acting as the qualified person for the technical information disclosed [8][9] Partnership and Financial Aspects - Azimut has an option agreement with KGHM International Ltd, allowing KGHM to acquire a 50% interest in the Property by funding $5 million in work expenditures over four years [12]

Core Insights - Azimut Exploration Inc. has announced a revised option agreement with Rio Tinto Exploration Canada, expanding previous agreements to cover three properties in Quebec, namely Corvet, Kaanaayaa, and Wabamisk East [1][4] Properties under Option - The CKW Properties are identified as having lithium exploration potential, supported by regional geoscientific data and prospecting results [4] - The Wabamisk East Property includes 200 claims over 105.8 km and features a spodumene pegmatite field with high-grade lithium results, including up to 7.43% Li2O from surface sampling [4] - The Wabamisk East Property is strategically located 42 kilometers northeast of the Whabouchi lithium deposit [4] Financial Terms of the Agreement - Under the first phase, Rio Tinto can acquire a 50% interest in the CKW Properties by funding $25 million in exploration expenditures, with $1.85 million already incurred and cash payments totaling $1.7 million before December 31, 2028 [5] - The remaining commitment includes approximately $1.15 million to be spent by the end of 2025 and potential expenditures of $3 million for detailed mapping and drilling [5] - In subsequent years, minimum expenditures of $3 million, $4 million, and $12 million are required on the CKW Properties, along with annual cash payments of $300,000 [5] Future Options - In the second phase, Rio Tinto can earn an additional 20% interest over five years with further expenditures of $60 million, during which Rio Tinto will act as the operator [5] - Azimut retains the right to be funded to production through a secured loan from Rio Tinto, granting Rio Tinto an additional 5% interest in the CKW Properties [5] Company Overview - Azimut is recognized as a leading mineral exploration company with a strong reputation for target generation and partnership development, holding the largest mineral exploration portfolio in Quebec [8] - The company's flagship project, the Elmer Gold Project, has significant resources and exploration upside, with planned activities in 2025 across multiple projects [9]

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].