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Azimut and KGHM Resume Drilling on the Perseus High-Grade Nickel-PGE Discovery at Kukamas, James Bay Region, Quebec
Globenewswire· 2025-08-21 10:30
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].