Northwire Canada EditionMonday, August 3, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Azimut starts drilling program at Wabamisk

AZM · Price

Executive Summary

  • Azimut Exploration has commenced a maiden 1,500‑metre core drilling program on the newly identified Rosa zone at its wholly owned Wabamisk property in Quebec.
  • The drill program follows extensive surface work—including an 11 km IP survey that delineated a 1.4 km chargeability anomaly correlated with high‑grade gold grab samples.
  • Drilling is being performed by Nouchimi‑RJLL Drilling Inc. using NQ core; assays will be conducted by ALS Laboratories with fire assay and ICP analysis.

Key Details

  • Program Scope: 1,500 m of core drilling targeting the Rosa zone; additional drilling contingent on initial results.
  • Geophysical Basis: 11 km induced‑polarization (IP) survey identified a continuous east‑west chargeability anomaly >1.4 km long and a subparallel anomaly 50–200 m to the north.
  • Surface Sampling: 217 grab/channel samples (198 grabs, 19 sawed channels) collected; 36 samples >1 g/t Au, including 15 >5 g/t Au (max 42 g/t). Soil geochemistry: 253 B‑horizon samples.
  • Geology: Sheared quartz vein system with disseminated sulfides (<2 %); visible gold and coarse gold observed at >10 locations over a 300 m strike; alteration by tourmaline and chlorite. Vein thickness estimated 5–10 m, steep dip south.
  • Drilling Contractor & QA/QC: Nouchimi‑RJLL Drilling Inc. (Rouyn‑Noranda) using NQ core; samples sent to ALS Laboratories (Val d’Or/Montreal) for fire assay with atomic absorption/gravimetric finish >3 g/t Au and 48‑element ICP suite; standard QA/QC protocols applied (CRMs, blanks, duplicates).
  • Project Management: Project manager Alain Cayer (P. Geo.). Qualified Person: Dr. Jean‑Marc Lulin (President & CEO), NI 43‑101 signatory.
  • Property Overview: Wabamisk comprises 673 claims (356 km²); includes former Chromaska property (118 claims, 62.5 km²). Adjacent Wabamisk East optioned to Rio Tinto for lithium. Strategic location within a 51 km strike corridor in the James Bay greenstone belt.
  • Future Work: Additional drilling planned pending positive initial results; systematic follow‑up work (mechanical stripping of outcrops, reprocessed high‑resolution magnetic data) ongoing.

Notable Quotes

  • “The Rosa zone represents a highly prospective target defined by robust surface geophysics and compelling grab sample grades, and we are eager to test its continuity with core drilling,” – Dr. Jean‑Marc Lulin, President & CEO.
Read the original news release →

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