Announcement Date: 2023-01-17
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Azimut Exploration Inc.
Project name: Elmer
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 97.7m at 1.37g/t Au, from 244m
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 the results from 15 additional mineralized holes from the Patwon Gold Zone on the Company’s 100% owned Elmer Property (the “Property”) in the Eeyou Istchee James Bay region of Quebec (see Figures 1 to 4). • These new results further expand the Patwon Zone and refine its geometry with an upgraded 3D model (see Figures 5 and 6). Patwon has now been outlined along a strike length of 690 metres, from surface to a depth of 860 metres (900 m along dip), with an average estimated true width of 35 metres and a dip of 70° to 75° to the north. • A new subparallel zone was identified about 300 metres north of the main Patwon Zone. It is marked by a prominent interval grading 82.1 g/t Au, 87.0 g/t Ag and 124.5 g/t Te over 0.5 m in hole ELM22-177. Another intercept from this zone returned 33.9 g/t Au, 40.8 g/t Ag and 58.1 g/t Te over 0.5 m from hole ELM22-134. The current short-term objective for Elmer is to prepare a maiden mineral resource estimate following the receipt of the last assay results from the Patwon drilling program completed in December. In addition, exploration drilling has restarted at the untested targets delineated along strike or subparallel to the Patwon Zone. Assay results are pending for 36 exploration drill holes (8,699.1 m). Azimut considers the 35-km-long Elmer Property to be at an early exploration stage, with strong potential for additional significant gold discoveries.
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