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The project is under the direction of Alain Cayer (P.Geo.), Azimut’s Project Manager.
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Qualified person
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Dr. Jean-Marc Lulin (P.Geo.), Azimut’s President and CEO, prepared this press release and approved the scientific and technical information disclosed herein, including the previously reported results presented in the figures and table supporting this press release. He is acting as the Company’s qualified person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
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About Azimut
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Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The Company controls strategic land positions for gold, copper, nickel and lithium in Québec. Azimut is focused on several key high-impact projects:
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- Wabamisk and Wabamisk East (100% Azimut), which host the Fortin Zone (antimony-gold), Rosa Zone (gold), Dome Sector (gold), and Lithos Zone (lithium).
- Elmer (100% Azimut), which hosts the resource-stage Patwon Deposit (gold) (311,200 oz Indicated and 513,900 oz Inferrediii).
- Kukamas (KGHM option), which hosts the Perseus Zone (nickel-PGE).
- Nickel North Corridor (SOQUEM option) for its nickel-copper-PGE potential.
- Corvet and Kaanaayaa (Centerra option) for their gold and copper potential.
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Azimut uses a pioneering approach to big data analytics (the proprietary AZtechMine™ expert system), enhanced by extensive exploration know-how. The Company’s competitive edge is based on systematic, regional-scale data analysis. Azimut maintains rigorous financial discipline and a strong balance sheet.
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Azimut has two strategic investors among its shareholders, Centerra Gold Inc. and Agnico Eagle Mines Limited, which hold approximately 12.7% and 11%, respectively, of the Company’s issued and outstanding shares.
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Contact and Information
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Jean-Marc Lulin, President and CEO
Tel.: (450) 646-3015 – Fax: (450) 646-3045
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Jonathan Rosset, Vice President Corporate Development
Tel.: (604) 202-7531
[email protected] www.azimut-exploration.com
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Cautionary note regarding forward-looking statements
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This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events related to the drilling results from the Wabamisk Property. To the extent that any statements in this press release contain information that is not historical, the statements are essentially forward-looking and are often identified by words such as “consider”, “anticipate”, “expect”, “estimate”, “intend”, “project”, “plan”, “potential”, “suggest” and “believe”. The forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Many factors could cause such differences, particularly volatility and sensitivity to market metal prices, the impact of changes in foreign currency exchange rates and interest rates, imprecision in reserve estimates, recoveries of gold and other metals, environmental risks including increased regulatory burdens, unexpected geological conditions, adverse mining conditions, community and non-governmental organization actions, changes in government regulations and policies, including laws and policies, global outbreaks of infectious diseases, and failure to obtain necessary permits and approvals from government authorities, as well as other development and operating risks. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this document. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, other than as required to do so by applicable securities laws. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Report filed on SEDAR+ for a fuller understanding of the risks and uncertainties that affect the Company’s business.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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i Azimut Continues to Expand the Fortin Antimony-Gold Zone, Wabamisk Property, James Bay Region, Québec
ii Azimut Accelerates District-Scale Gold Exploration at Wabamisk
iii Technical Report and Initial Mineral Resource Estimate for the Patwon Deposit, Elmer Property, Québec, Canada, prepared by Martin Perron, P.Eng., Chafana Hamed Sako, P.Geo., Vincent Nadeau-Benoit, P.Geo. and Simon Boudreau, P.Eng. of InnovExplo Inc., dated January 4, 2024. The initial MRE comprises Indicated resources of 311,200 ounces in 4.99 million tonnes grading 1.93 g/t Au and Inferred resources of 513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au.
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ROSA-DOME VEIN FIELD, WABAMISK PROPERTY, JAMES BAY REGION, QUÉBEC
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Table 1: Rosa-Dome Vein Field – Preliminary Description – North to South
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| Zone or Prospect | Length (km) | Salient gold results to date | Mineralogy / Alteration | Host rocks | Geochemical footprint in soil (B horizon) | Geophysics | Drilling to date (meterage, # of holes) |
| ROSA | 1.4 (open) | 46.41 g/t Au / 3.5m (D) 9.29 g/t Au / 5.0m (D) 1.29 g/t Au / 28.8m (D) 30.17 g/t Au / 4.0m (C) 93.9 g/t Au / 0.35m (G) | Visible gold, Py, Po, Asp, (Cp) Quartz veins Tourmaline Ankerite Chlorite | Metasediments, (intermediate to mafic volcanics) | As, Ag, Bi, (Au, Cu, Sb, W) | Corridor of strong IP anomalies | 6,651.2 m (46) |
| ROSA WEST | 1.5 (to be validated) | New showings: Up to 2.88 g/t Au (G) Up to 2.36 g/t Au (G) | Quartz veins Po, (Cp) | Metasediments | As, Ag, Au, Bi, Cu | Corridor of strong IP anomalies | None |
| K | 0.5 (open) | 52.4 g/t Au (G) 19.3 g/t Au (G) 1.8 g/t Au / 2.8m (D) 1.7 g/t Au / 3.0m (C) | Asp, Po, Py, (Cp) Quartz veins Calcite | Contact gabbro / metasediments | Not covered | Strong IP anomalies (historical survey) EM axis in the vicinity | 523.27 m (7) Historical holes |
| PP-51 East PP-51 West | 1.8 (open) | 1.0 g/t Au / 17.0m (D) 2.6 g/t Au / 2.3m (D) 8.54 g/t Au (G) 5.24 g/t Au (G) | Asp, Po, Py, (Cp) Quartz veins Tourmaline | Contact mafic-ultramaficintrusion/ basalt; metasediments | Partly covered As, Au, (Sb, W) | Strong IP anomalies (historical survey) | 1,473 m (11) Historical holes |
| DOME A | 0.7 (open) | 9.33 g/t Au / 0.9m (D) 2.49 g/t Au / 0.91m (D) | Asp, Po, (Cp) Quartz veins Tourmaline Carbonate | Sheared gabbro, metasediments | Not covered | Strong IP anomalies in the vicinity (historical survey); EM anomaly east of Dome A | 473.3 m (7) Historical holes |
| At 500m NNE At 1.5 km ENE | New showings: Up to 4.78 g/t Au (G) Up to 6.3 g/t Au (G) | ||||||
| DOME C DOME NE FISCHER | 1.0 (open) | 1.3 g/t Au / 7.5m (D) 17.7 g/t Au / 1.0m (C) 14.26 g/t Au/1.0m (C) 80.71 g/t Au (G) | Asp, Po, (Cp) Quartz veins Tourmaline Carbonate | Gabbro, basalt, metasediments | Au, Ag, As, Cu, Sb, W, (Bi) | Strong IP anomalies (historical survey) EM anomaly | 717.3 m (6) Historical holes |
| At 1 km SW | New showing: Up to 5.56 g/t Au (G) | ||||||
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Notes:
Location: See Figures 5 to 9
Azimut’s results since 2025 in bold
Grab samples are selective by nature, unlikely to represent average grades, and may not represent true underlying mineralization.
Asp: arsenopyrite; Py: pyrite; Po: pyrrhotite; Cp: chalcopyrite
D: Drill core interval; C: Channel interval; G: Grab sample
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