Azimut samples 4 m of 30.17 g/t Au at Wabamisk project

Executive Summary

• Azimut Exploration Inc. reports high-grade gold channel sampling results from the Rosa Zone on its Wabamisk Project in Quebec, including significant intercepts up to 30.17 g/t Au over 4.0 meters.
• The company has increased its initial core drilling program from 1,500 meters to at least 2,000 meters following the discovery of visible gold in five of the first ten holes drilled.
• The Rosa Zone is defined by a 700-meter east-west strike of gold-bearing outcrops and a 1.4-kilometer induced polarization (IP) anomaly, with preliminary geological descriptions indicating a shear-hosted quartz vein system.

Key Details

• Channel Sampling Highlights (Rosa Zone):
  • Dom Trench:
    • 23.0 g/t Au over 3.0 m (open interval), including 45.8 g/t Au over 1.0 m and 21.2 g/t Au over 1.0 m.
    • 3.79 g/t Au over 2.0 m.
  • Gesu Trench:
    • 30.17 g/t Au over 4.0 m (open interval), including 111.5 g/t Au over 1.0 m and 7.54 g/t Au over 1.0 m.
    • 9.29 g/t Au over 5.0 m, including 40.8 g/t Au over 1.0 m.
    • 1.39 g/t Au over 3.0 m.
    • Grab samples up to 93.9 g/t Au over 0.35 m.
  • General Sampling Stats: 40 one-meter channel samples collected; 20 samples above 1.0 g/t Au; 8 samples exceeding 5.0 g/t Au.
• Drilling Results (Visible Gold):
  • Five of the first ten holes (1,362 m total) displayed visible gold (VG).
  • Hole WR25-02: VG at 57.07 m.
  • Hole WR25-03: VG at 35.6 m, 35.8 m, 42.1 m to 42.2 m, and 44.06 m.
  • Hole WR25-05: VG at 17.5 m.
  • Hole WR25-06: VG at 7.9 m.
  • Hole WR25-07: VG at 25.75 m.
• Geological & Geophysical Context:
  • Rosa Zone located ~15 km west of the Fortin antimony-gold zone.
  • Gold occurrences correlate with outcrops over a 700 m east-west strike and concordant with IP anomalies over a minimum 1.4 km strike.
  • Mineralized corridor is at least 5 to 15 meters thick with a steep dip to the south.
  • Preliminary definition of a second subparallel gold-bearing trend (~300 m strike, ~120 m south of Rosa).
  • Host rock: Metasediments (previously described as felsic volcanic tuffs) within an Archean greenstone belt.
  • Alteration characterized by tourmaline and chlorite bordering quartz veins.
• Program Updates:
  • Initial drilling program increased to at least 2,000 meters.
  • Assay results are pending for the expanded program.
• Operational Details:
  • Drilling contractor: Nouchimi-RJLL Drilling Inc. (Rouyn-Noranda, Que.), using NQ core diameter.
  • Laboratory: ALS Laboratories (Val d'Or or Montreal, Que.).
  • Analytical methods: Fire assay with atomic absorption and gravimetric finishes for grades >3.0 g/t Au; 48-element suite via ICP.
  • Project Manager: Alain Cayer (PGeo).
  • Qualified Person: Dr. Jean-Marc Lulin (PGeo).

Notable Quotes

• "The occurrences of visible gold in drill core correlate geometrically with gold-bearing outcrops over a 700-metre east-west strike extent and are concordant with induced polarization anomalies (IP) defined over a minimum strike of 1.4 kilometres."
• "These positive results prompted the company to increase the initial drilling program to at least 2,000 metres."