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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.

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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.

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