Azimut's New Exploration Results Support Large-Scale Gold Vein Field at Wabamisk
Azimut expands its district-scale gold corridor at Wabamisk with a new vein field and drilling plans.
Azimut Exploration Inc. (AZM) announced the discovery of a multi-kilometre gold-bearing vein field at its Wabamisk Property, highlighting the Rosa-Dome Sector and a new showing named "Ginger" located 15km from the Rosa Zone. The company identified a 3km x 5km gold-bearing vein field with a cumulative strike length of at least 5.4 kilometres across multiple zones, including Rosa, Rosa West, K, PP-51 East/West, Dome A, Dome C, Dome NE, and Fischer.
Surface exploration in 2026 included 5,517 soil samples, 1,355 rock samples, 102 till samples, and 144 line-kilometres of IP surveys, resulting in significant new gold showings discovered since June 2026. A minimum 7,000-metre diamond drilling program is planned for later in 2026 to test the Rosa Zone, Dome Sector, and new targets. Historical drilling data confirms high-grade intercepts, including 46.41 g/t Au over 3.5m and 93.9 g/t Au over 0.35m in the Rosa Zone.
The Wabamisk Property comprises 784 claims (415.2 km²), with contiguous Wabamisk East holding 205 claims (108.5 km²).
Azimut Exploration Inc. (AZM) announced the geological continuity and scale of the Wabamisk gold corridor, reinforcing the company's strategic pivot toward high-potential gold assets following the divestiture of lithium properties Galinee and Pikwa. This development follows the extensive 2025-2026 exploration campaigns that established the Rosa and Fortin zones. The market had previously priced in the Wabamisk potential, as evidenced by the stock’s run to $1.06 in January 2026.
The company plans a 7,000m drill program, which aligns with its stated 2026 target of at least 20,000m of drilling. No new financial milestones, resource estimates, or major partnership changes were disclosed. Azimut’s stock has declined 55% from its January peak to the current $0.48 level. This exploration update validates the geological thesis but does not provide immediate catalysts for valuation changes without assay results, a resource estimate, or strategic financing.
Azimut Exploration Inc. (AZM) is a Quebec-based exploration company focused on a multi-commodity portfolio comprising gold, antimony, nickel, lithium, and copper in the Eeyou Istchee James Bay region. The company’s flagship asset is the Wabamisk Property, which consists of 784 claims covering 415.2 km². This property hosts the Rosa Zone, known for high-grade gold, and the Fortin Zone, which contains antimony and gold, linked by a 30-kilometre structural corridor. Azimut has shifted its focus to Wabamisk following the sale of its lithium assets.
Other key assets include the Elmer Patwon gold deposit, which holds a 311k oz indicated resource, and the Kukamas nickel-PGE project, in which the company holds a 50% interest with KGHM. The firm also maintains a strategic alliance with SOQUEM regarding the Northern Nickel Corridor. Management includes President and CEO Dr. Jean-Marc Lulin and VP Corporate Development Jonathan Rosset, a team with a track record of advancing projects through partnerships and strategic divestitures.