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2.13% Li2O over 44.1 m including 3.35% Li2O over 13.0 m
1.71% Li2O over 37.0 m including 2.95% Li2O over 15.0 m
1.56% Li2O over 36.6 m including 2.41% Li2O over 21.2 m
Azimut Exploration Inc. (TSX-V: AZM) (OTCQX: AZMTF) is pleased to report additional assay results from the maiden 5,000-metre core drilling program on the Galinée Property in the Eeyou Istchee James Bay region of Quebec, Canada. The previously reported results from the first hole (GAL23-001) include 2.48% Li2O over 72.7 m (see press release of January 9, 2024). Drilling will resume in March to accelerate the definition of the mineralized zone.
Azimut and its partner SOQUEM Inc. (“SOQUEM”) have ranked the Galinée Property as one of their top priorities for 2024. In addition to drilling, a property-scale comprehensive prospecting phase will also be conducted over the summer. Azimut is the operator of the work program.
Azimut holds the largest multicommodity mineral exploration portfolio in Quebec (gold, copper, nickel, lithium) and is one of the province’s most active explorers.
HIGHLIGHTS (see Figures 1 to 7, Tables 1 and 2)
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1.56% Li2O over 36.6 m (from 194.4 m to 231.0 m) including 2.41% Li2O over 21.2 m (from 195.5 m to 216.7 m) |
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2.13% Li2O over 44.1 m (from 120.3 m to 164.4 m) including 3.35% Li2O over 13.0 m (from 150.4 m to 163.4 m) 1.13% Li2O over 16.5 m (from 346.5 m to 363.0 m) including |
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1.71% Li2O over 37.0 m (from 209.0 m to 246.0 m) including 2.95% Li2O over 15.0 m (from 212.0 m to 227.0 m) including 5.13% Li2O over 6.0 m (from 216.5 m to 222.5 m) |
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1.31% Li2O over 41.3 m (from 188.0 m to 229.3 m) including 2.68% Li2O over 4.5 m (from 189.5 m to 194.0 m) and 2.75% Li2O over 12.7 m (from 210.6 m to 223.3 m) |
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1.63% Li2O over 17.5 m (from 233.0 m to 250.5 m) including 2.56% Li2O over 5.2 m (from 233.0 m to 238.2 m) |
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Property-Scale Exploration Potential
Galinée displays strong exploration potential supported by Azimut’s project database and the results recently acquired by other companies on surrounding properties. The region is considered a significant emerging lithium district.
Drilling Contract and Analytical Protocols
Chibougamau Diamond Drilling Ltd of Chibougamau (Quebec) is drilling with a core diameter of BTW.
Core samples are sent to ALS Laboratories in Val-d’Or (Quebec) for ICP multi-element analysis (laboratory codes: ME-MS61, ME-MS89L, ME-ICP82b). Azimut applies industry-standard QA/QC procedures to its drilling programs. All batches sent for analysis include certified reference materials, blanks and field duplicates.
About the Galinée Property
The Galinée Property (649 claims, 335 km2) is a 50/50 joint venture between Azimut and SOQUEM, operated by Azimut. The 36-kilometre-long project is about 50 kilometres north-northwest of the Renard diamond mine (Stornoway) and 60 kilometres south of the Trans-Taiga Road, a regional highway.
Qualified Person
Dr. Jean-Marc Lulin (P.Geo.) prepared this press release as Azimut’s qualified person within the meaning of National Instrument 43-101. Rock Lefrançois (P.Geo.), Vice President of Exploration, and François Bissonnette (P.Geo.), Operations Manager, also reviewed the contents of this press release.
About SOQUEM
SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. A proud partner and ambassador for the development of Quebec’s mineral wealth, SOQUEM relies on innovation, research, and strategic minerals to be well-positioned for the future.
About Azimut
Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The Company holds the largest mineral exploration portfolio in Quebec (Canada). Its wholly owned flagship project, the Elmer Gold Project, has advanced to the resource stage with a strong exploration upside. The Company also controls a strategic land position for copper-gold, nickel and lithium.
Azimut uses a pioneering approach to big data analytics (the proprietary AZtechMine™ expert system) enhanced by extensive exploration know-how. The Company’s competitive edge is based on systematic regional-scale data analysis and concurrently active projects. Azimut maintains rigorous financial discipline and a strong balance sheet, with 85.4 million shares issued and outstanding.
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