Azimut Confirms Significant Gold Discovery at Rosa, Wabamisk Property, James Bay, Quebec

The most recent news (February 9, 2026) announces complete results from the maiden diamond drilling campaign at the Rosa Zone within the Wabamisk Property in James Bay, Quebec. Azimut completed 3,633 metres in 26 holes, significantly exceeding the original 2,000-metre plan due to encouraging visual observations. Key intercepts include 28.8 metres grading 1.29 g/t Au (Hole WR25-03) and 10.5 metres grading 2.1 g/t Au (Hole WR25-04). The discovery confirms a gold-bearing mineralized system traced over 1.4 kilometres of strike, which remains open in all directions and at depth. A follow-up 2,000-metre drilling program has already been launched.

This discovery is materially positive for Azimut for several reasons: - Project Diversification: While the Elmer Project remains the company's flagship, the Wabamisk Property is emerging as a second high-potential gold hub. The strike length of 1.4 km at Rosa suggests significant scale potential. - Strategic Validation: The discovery validates Azimut's proprietary AZtechMine big data targeting system, as this zone was identified through systematic prospecting and geophysics rather than historical data. - Resource Potential: The widths reported (up to 28.8 metres) are substantial for exploration-stage gold intercepts, potentially supporting open-pit mining scenarios if continuity and grades hold at depth. - Momentum: This news follows a highly successful 2025 where Azimut monetized lithium assets (Galinee/Pikwa) to fund core gold and antimony exploration without dilutive equity raises.

Azimut Exploration is a leading prospect generator in Quebec. They use a data-driven approach to secure vast land positions, which they then option to majors or develop themselves. - Flagship Project: Elmer Property (100% owned), specifically the Patwon Gold Deposit. - Resources: Patwon contains 311,200 oz Au Indicated (1.93 g/t) and 513,900 oz Au Inferred (1.94 g/t). - Secondary Assets: Wabamisk (Gold/Antimony), Kukamas (Nickel/Copper/PGE), and various lithium royalties and shareholdings.