Announcement Date: 2022-05-30
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Azimut Exploration Inc.
Project name: Elmer
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 54.9m @ 2.1g/t Au from 782.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to report new assay results from seven (7) holes drilled on the Patwon Gold Zone on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. The Company has now reached one of the program’s initial goals by cutting wide mineralized intercepts at a vertical depth of 800 metres or more in several holes (ELM22-155, -157A, and -158C) for which assay results are still pending. The Company has now drilled thirty-six (36) holes (34 complete; 2 in progress) for 19,980 m during this program, including thirty-one (31) on Patwon (18,951 m) and five (5) on surrounding targets (1,029 m). The results for the first fifteen (15) holes have already been reported (see press releases of March 10 and April 27, 2022). The results of the Patwon delineation program will be incorporated into a maiden mineral resource estimate supported by a technical report compliant with National Instrument 43-101. Azimut is planning a significant summer core drilling program to test new targets in the vicinity of Patwon to follow up on the 507-hole reverse circulation drilling
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