Azimut Exploration Inc. announces a new work phase to expand the Patwon Gold Deposit on its Elmer Property in Québec, Canada. A 10,000-meter diamond drill program will focus on expanding the known gold resource and testing targets near Patwon, aiming to update the mineral resource estimate and conduct a preliminary economic assessment.

The 2023 gold resource estimate for Patwon indicated 311,200 ounces in 4.99 million tonnes grading 1.93 g/t Au, with inferred resources of 513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au. At a gold price of US$2,160, indicated resources rose to 324,800 ounces and inferred resources to 585,400 ounces.

A systematic review suggests potential for resource growth to the west along strike with known resources, with a target zone of 350m on-strike by 400m vertically. Azimut plans to conduct technical studies post-drilling for the PEA, including metallurgical testing, rock mechanics data collection, and environmental studies.

The Elmer Property covers 658 claims in Québec, with a 42.8km strike length, benefiting from excellent infrastructure. Azimut’s strategic approach to exploration, utilizing big data analytics and regional-scale analysis, has positioned the company as a leader in mineral exploration in Quebec.

Azimut has two strategic investors, Agnico Eagle Mines Limited and Centerra Gold Inc., holding approximately 11% and 9.9% of the company’s shares. The company emphasizes financial discipline and strong exploration partnerships, as it continues to advance high-potential projects in Quebec.

Read more at GlobeNewswire: Azimut to Conduct 10,000-metre Drill Program to Expand the