Azimut Advances Major Fortin Antimony-Gold Zone, Wabamisk Property, James Bay Region, Quebec
Monetizing Lithium Assets to Aggressively Drill Antimony Highs
On January 21, 2026, Azimut Exploration announced the advancement of its Wabamisk Property in the James Bay region of Quebec, specifically focusing on the Fortin Antimony-Gold Zone. Key developments include: * New Drilling: A minimum 5,000-metre diamond drilling program has commenced to further delineate the zone. * Drill Results: Results from 35 holes were released. Highlights include bulk-tonnage style intercepts such as 41.9m at 0.89% Antimony (Sb) and 0.65 g/t Gold (Au), and 78m at 0.28% Sb. * Dimensions: The zone is now defined over a 1.8 km strike length and tested to a vertical depth of 250m. * De-risking Steps: Azimut has initiated metallurgical tests (comminution and flotation) and a market study for antimony products, contracted to SGS Canada. * Secondary Target: A gold-only target south of Fortin yielded high-grade intercepts, including 6.24 g/t Au over 2.5m.
This news is Material - Positive. While the drill results themselves show moderate bulk-tonnage grades rather than bonanza high-grades, the shift toward metallurgical testing and market studies signals a transition from pure exploration to preliminary economic assessment. This suggests management sees a viable path to a resource.
More importantly, this news must be viewed in the context of the December 2025 strategic pivot. Azimut recently monetized its lithium assets (selling the Galinée interest to Li-FT Power) to focus capital on its 100% owned gold/antimony projects. This release confirms they are deploying that capital efficiently. The timing capitalizes on the "critical mineral" status of Antimony. The consistent intercepts over 1.8km suggest a large system, providing a stable news flow that supports the stock's recent breakout to 52-week highs.
Azimut Exploration Inc. is a mineral exploration company based in Quebec, utilizing a proprietary data processing methodology (AZtechMine) to target discoveries. They operate a hybrid model: generating targets to option out to partners (collecting cash/shares/royalties) and drilling their best 100%-owned targets.
Flagship Assets: 1. Elmer Property (Gold): 100% owned. Located in James Bay. Hosts the Patwon Zone. * Resource (Jan 2024): 311k oz Indicated / 513k oz Inferred. * Status: Scoping study in progress. 2. Wabamisk Property (Antimony-Gold): 100% owned. Located in James Bay. * Hosts the Fortin Zone (1.8km strike). * Status: Active drilling and metallurgical testing (Jan 2026).