Azimut Exploration Inc. (TSXV:AZM / OTCQX:AZMTF) is a leading multicommodity exploration company holding the largest mineral portfolio in Quebec, Canada, with a focus on large-scale gold, copper, nickel and lithium targets. Its key position results from a pioneering predictive modelling approach driven by big data analytics, combined with extensive field validation programs. The Company has a strong track record for partnership development and has maintained a rigorous financial discipline over its 37-year history.
Azimut is advancing its flagship Elmer Gold Project to the initial resource stage and progressing a pipeline of exploration opportunities through self-funded and partnered programs.
Elmer (gold), 100% Azimut. The Patwon Gold Zone, discovered in 2020, has been now outlined over a strike length of ~600m, to a vertical depth of 860m with an average true width of 35m. Best intercepts include 28 g/t Au over 18m, 3.57 g/t Au over 77.3m, and 6.43 g/t Au over 40.6m. This zone, which remains open along strike and at depth, is hosted by a sheared greenstone belt which is considered as largely underexplored.
James Bay Lithium (lithium), 100% Azimut. JBL (13 blocks - 1,539km2) is strategically positioned in the emerging James Bay lithium province. Numerous outcropping targets have been identified and will be assessed.
James Bay Nickel (nickel), 100% Azimut. JBN (111 blocks - 1,899km2) is one of the largest nickel-focused exploration initiatives in eastern Canada. The project results from predictive modelling covering the James Bay region, directed to identify Eagle’s Nest deposit type (Ontario). Next step is an airborne mag-EM survey to cover the targets.
Pikwa and Galinée (lithium), SOQUEM JV. Pikwa is located on strike with the Corvette project (Patriot Battery Metals) which now hosts a significant lithium resource. Galinée is the direct extent of the Adina discovery (Winsome Resources). Intensive prospecting is conducted at Pikwa, while an initial 1,600m drilling program is planned at Galinée.
Corvet and Kaanaayaa (lithium), Rio Tinto option. These projects display quality lithium targets, notably supported by a strong footprint in lake sediments (Li-Cs-Rb-Ga-Sn). Rio Tinto can earn up to a 70% interest by incurring C$115.7M in expenditures.
Kukamas (copper-gold), KGHM option. Following a recent 3,200-line-km mag-EM airborne survey, a prospecting phase will be conducted on identified targets.
Wapatik (nickel; lithium), Mont Royal option. A 700m-long massive to disseminated sulphide zone, which remains open, has been discovered within an ultramafic intrusion in 2022. Identified outcropping lithium targets will also be assessed.
