Azimut discovers new gold zone at Wabamisk

Executive Summary

• Azimut Exploration Inc. announced the discovery of a new high‑grade gold zone (“Rosa zone”) on its wholly owned Wabamisk property in Quebec, Canada.
• The Rosa zone exhibits multiple grab and channel samples > 1 g/t Au, including 14 samples > 5 g/t Au (up to 42 g/t Au), prompting an accelerated move to a fall drilling program.
• The discovery adds to three recent field discoveries on Wabamisk (Fortin antimony‑gold zone, Lithos lithium pegmatite, and now Rosa gold) and expands the company’s exploration upside in the James Bay region.

Key Details

• Location & Geology
• Rosa zone lies ~15 km west of the Fortin zone on the Wabamisk property (673 claims, 356 km²).
• Sheared quartz‑vein system with disseminated sulfides (< 2 % pyrite, pyrrhotite, chalcopyrite) and visible coarse gold over > 200 m strike.

• Zone extends ~700 m east‑west, open in all directions, thickness ≥5–10 m, steeply dipping south.

• Assay Results

• 29 grab/channel samples > 1 g/t Au; 14 samples > 5 g/t Au, highest grade 42 g/t Au.

• Samples are selective and not representative of average grades but indicate high‑grade mineralization.

• Exploration Work Completed

• 217 rock samples (198 grabs, 19 channel) collected; 53 results pending.
• 253 B‑horizon soil samples over a 1,800 m × 350 m area; results pending.
• High‑resolution heliborne magnetic survey reprocessed (in progress).
• Induced polarization survey underway (dipole‑dipole array, 25 m spacing).

• Mechanical trench stripping scheduled for early fall to refine geometry.

• Planned Follow‑Up

• Fall drilling campaign to test the Rosa zone’s continuity and grade envelope.

• Continued soil and rock assay work; pending results to be released as received.

• Context – Other Nearby Programs

• Fortin antimony‑gold zone: ongoing systematic 10,000 m drill program (total 11,453 m drilled); best intercepts include 1.10 % Sb over 51.5 m and up to 10.92 g/t Au over 4.0 m.

• Lithos lithium pegmatite (Wabamisk East) recently optioned to Rio Tinto; $1.15 M commitment secured, with up to $3 M additional spend planned for 2025.

• Qualified Person

• Dr. Jean‑Marc Lulin, P.Geo., President & CEO of Azimut, signed off on the technical information per NI 43‑101.

Notable Quotes

(No direct quotes provided in the release.)