Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

Azimut Continues to Expand the Fortin Antimony-Gold Zone, Wabamisk Property, James Bay Region, Quebec

Fortin Zone Delineation Continues

By The Northwire Desk — AI Analysis May 20, 2026 · 06:30 AZM · 0.69 Azimut Exploration Inc.
Executive Summary
  • Azimut Exploration Inc. reported completion of its third diamond drilling program at the Fortin antimony-gold zone on the Wabamisk Property in Quebec.
  • The 27-hole program (5,108 metres) delineated high-grade antimony and gold intercepts, defining a mineralized strike length of at least 1.8 kilometres.
  • Significant gold mineralization was identified in the subparallel Fortin South Zone, traced along a minimum 1,300-metre strike.
  • Key intercepts include WS26-104 (0.41% Sb, 0.13 g/t Au over 30.55 m) and WS26-101 (0.87% Sb, 0.13 g/t Au over 12.50 m).
  • The Fortin Zone dimensions show a strike length of at least 1.8 km within a 2.4 km prospective corridor with thickness intervals ranging from 5 to 50 metres.
  • Future work includes ongoing ground geophysical surveys, mechanical stripping, and diamond drilling planned for 2026.
Material Impact
  • The news confirms the continuation of previously announced exploration programs (Jan 2026 announcement targeted minimum 5,000m; this program delivered 5,108m).
  • Results are consistent with historical Fortin Zone data from October 2025 and January 2026 which already defined a 1.8 km strike length.
  • While the grades remain high (antimony up to 3.70% Sb in included intervals), this is delineation rather than a new discovery, limiting immediate market re-rating potential.
  • The news reinforces the viability of the flagship Wabamisk asset but does not introduce new strategic capital or partnerships like the SOQUEM agreement signed on May 19, 2026.
  • Given the company's strong liquidity (C$7.8M working capital + C$13M investment portfolio), this program is funded internally without immediate dilution risk.
  • The market likely priced in these results given the prior announcement of the drilling campaign; therefore, the impact is incremental rather than transformative.
AZM · Price
Company Overview
  • Azimut Exploration Inc. is a mineral exploration company focused on advancing multiple discovery projects across a diversified portfolio (gold, copper, antimony, nickel, PGE, lithium).
  • Flagship Projects: Elmer (Gold-Copper) and Wabamisk (Antimony-Gold/Gold/Lithium).
  • Elmer Property: Contains the Patwon deposit with indicated resources of 311,200 oz Au @ 1.93 g/t and inferred resources of 513,900 oz Au @ 1.94 g/t (2023 NI 43-101).
  • Wabamisk Property: Hosts the Fortin Antimony-Gold Zone (delineation stage), Rosa Gold Zone (new discovery), and Lithos Lithium Pegmatite field (optioned to Rio Tinto).
  • Kukamas Property: High-grade Nickel-PGE zone optioned to KGHM International.
Read the original news release →

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