Azimut Drills 46.41 g/t Au over 3.50 m, incl. 155 g/t Au over 1.0 m on Rosa Zone, Wabamisk Property, James Bay, Quebec
Bonanza-grade gold at Rosa cements Wabamisk as a district-scale opportunity; the market may be underestimating the scale of high-grade ounces.
On May 26, 2026, Azimut released final assays from its second diamond‑drill program at the Rosa gold zone on the wholly‑owned Wabamisk Property, James Bay, Quebec. The 20‑hole, 3,018.2 m campaign confirmed two sub‑parallel gold structures along a 1.4 km strike within a 100 m‑wide corridor, with visible native gold in eight holes. Headline intercepts include 46.41 g/t Au over 3.50 m (including 155 g/t Au over 1.0 m) in hole WR26‑40, plus multiple other high‑grade hits (e.g., 4.84 g/t Au over 6.00 m in WR26‑43). The company also identified a new 30 km‑long district‑scale exploration corridor and plans summer 2026 mechanical stripping and further drilling to extend the footprint.
The Rosa results are materially positive. While Rosa was already a known discovery, the second program delivered grades and thicknesses that far exceed the maiden campaign and demonstrate robust continuity of high‑grade gold mineralization over significant widths. The 46.41 g/t Au intercept is among the best drilled to date on the property and confirms the zone’s potential to host a high‑grade, open‑pittable and underground resource. The observation of native gold in 8 of 20 holes strongly suggests a coarse‑gold system that could positively skew future resource estimates. The news also broadens the exploration thesis: the identification of a 30 km corridor transforms Rosa from a single‑zone discovery into a district‑scale target. Given the junior’s C$68.7M market cap, this development is decidedly market‑moving and raises the probability of a major gold system at Wabamisk.
Azimut Exploration Inc. is a Quebec‑focused project generator advancing a multi‑commodity portfolio of gold, antimony, nickel‑PGE, and lithium assets. Its two flagship projects are:
- Elmer (Gold‑Copper): Hosts the Patwon gold deposit with an NI 43‑101 resource of 311,200 oz indicated (1.93 g/t Au) and 513,900 oz inferred (1.94 g/t Au). A 10,000 m drill program is underway to expand resources and support a PEA.
- Wabamisk (Gold‑Antimony): 100%‑owned, comprising the Fortin antimony‑gold zone (1.8 km strike, multiple high‑grade intercepts) and the newly discovered Rosa gold zone (15 km west of Fortin). Wabamisk also hosts the Wabamisk East lithium pegmatite field (drilled with high‑grade spodumene, but Rio Tinto has withdrawn from the option).
Additional assets include the Kukamas nickel‑PGE option (KGHM earning in) and equity/royalty interests in the Galinee lithium project (sold to Li‑FT Power) and Pikwa property.