Azimut Exploration Inc. starts drilling program focused on high-grade antimony corridor in Quebec.

From GlobeNewswire: 2024-12-02 06:30:00

Azimut Exploration Inc. has started a diamond drilling program focused on the high-grade antimony corridor on its Wabamisk Property in Quebec. The program will include 5,000 meters of drilling, with the first 2,000 meters to be completed by the end of the year. The discovery of this antimony system presents a unique opportunity due to its critical mineral status and supply shortage risk.

The 2024 prospecting program revealed an antimony-rich system within the Fortin Zone, with channel samples showing 3.92% Sb over 14.0 m. Gold, often found with antimony, was also detected. The corridor is related to an extensive shear zone between two formations, marked by a strong antimony footprint. An extensive magnetic survey further defines the target zone for drilling.

Antimony is considered a critical mineral, with supply shortages and rising prices. Most deposits occur in sedimentary rocks, with common ore mineral stibnite. Azimut’s Wabamisk Property is strategically located near other mining projects and infrastructure. The Company is well-funded for its exploration activities and maintains high-quality standards in its drilling programs.

Azimut is a leading mineral exploration company with significant projects in Quebec. Using advanced data analytics and exploration expertise, the Company has a strong track record of target generation. Their flagship Elmer Gold Project is at the resource stage, with exploration ongoing. Azimut’s financial discipline and strong balance sheet set them apart in the industry.

The forward-looking statements in this press release highlight the potential for future events related to the drilling results at the Wabamisk Property. While the Company believes in the reasonableness of these statements, they acknowledge the risks and uncertainties that could impact actual results. It’s essential to consider the detailed risk discussion in their most recent Annual Report for a comprehensive understanding of potential challenges.



Read more at GlobeNewswire: Azimut Commences Drilling a Major Antimony-Gold Corridor on