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Drilling Results at Wabamisk Confirm Substantial Antimony-Gold Discovery
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LONGUEUIL, Quebec, May 22, 2025 (GLOBE NEWSWIRE) — Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to report very encouraging drilling results from its diamond drilling program on the antimony-gold Fortin Zone at its wholly owned
Wabamisk Property (the “Property”) in the Eeyou Istchee James Bay (“James Bay”) region of Quebec, Canada.
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The initial plan for 5,000 metres was expanded in January, and the program concluded in late March with a total of 51 diamond drill holes for 6,396 metres. The results of this program support the preparation of the summer drilling campaign, which will include 10,000 metres of infill and expansion drilling.
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The recently completed drilling program was initiated in late 2024 to follow up on the Fortin Zone surface discovery (see press releases of October 29 and December 2, 2024). Partial results from the first 17 holes (2,090 metres) were previously reported (see press releases of January 16 and April 10, 2025). This press release presents the full set of results from the program (Tables 1 and 2).
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The price of antimony has risen sharply due to ongoing supply shortages exacerbated by trade disputes, recently reaching US$58,000 per tonne in markets outside China.
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The 10 best holes of the 28 with antimony grades
above 0.2% Sb (composite average) are:
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| 1.10% Sb, 0.38 g/t Au over 51.50 m (from 3.0 m to 54.5 m), including |
| 3.43% Sb, 2.37 g/t Au over 6.50 m (from 3.0 m to 9.5 m), and | |
| 2.41% Sb, 0.18 g/t Au over 9.30 m (from 37.5 m to 46.8 m) | |
| 0.65% Sb, 0.13 g/t Au over 42.75 m (from 20.0 m to 62.75 m), including |
| 1.43% Sb, 0.26 g/t over 10.55 m (from 52.20 m to 62.75 m) | |
| 1.08% Sb, 0.53 g/t Au over 22.70 m (from 78.5 m to 101.2 m), including |
| 1.74% Sb, 1.15 g/t Au over 9.50 m (from 79.5 m to 89.0 m) | |
| 0.64% Sb, 0.24 g/t Au over 37.10 m (from 29.5 m to 66.6 m), including |
| 1.71% Sb, 0.37 g/t Au over 13.30 m (from 29.5 m to 42.8 m) | |
| 1.01% Sb, 0.15 g/t Au over 17.85 m (from 20.15 m to 38.0 m), including |
| 6.44% Sb, 0.67 g/t Au over 2.35 m (from 20.15 m to 22.5 m) | |
| 0.50% Sb, 0.12 g/t Au over 35.70 m (from 4.05 m to 39.75 m), including |
| 1.70% Sb over 6.0 m (from 9.0 m to 15.0 m), and | |
| 1.20% Sb over 2.55 m (from 34.7 m to 37.25 m) | |
| 0.55% Sb, 0.12 g/t Au over 24.90 m (from 60.6 m to 85.5m), including |
| 1.30% Sb, 0.18 g/t Au over 8.40 m (from 60.6 m to 69.0 m) | |
| 0.63% Sb, 0.38 g/t Au over 19.0 m (from 14.5 m to 33.5 m), including |
| 1.04% Sb, 0.73 g/t Au over 8.7 m (from 15.8 m to 24.5 m), and | |
| 5.74 g/t Au over 1.0 m (from 22.0 m to 23.0 m) | |
| 0.33% Sb, 0.73 g/t Au over 31.73 m (from 2.77 m to 34.5 m), including |
| 0.86% Sb, 1.41 g/t Au over 9.15 m (from 13.4 m to 22.55 m) | |
| 0.67% Sb, 0.24 g/t Au over 13.95 m (from 83.55 m to 97.50 m), including |
| 1.03% Sb, 0.22 g/t Au over 6.45 m (from 91.05 m to 97.5 m) | |
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Of the 28 holes with intervals grading more than 0.2% Sb, 15 also yielded gold intervals grading more than 1.0 g/t Au over at least 1.0 m, including 8 with grades above
4.0 g/t Au over at least 1.0 m (see Table 1).
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Preliminary geometry of the Fortin Zone (see Figures 6 to 9)
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– Strike-length: Minimum 1.0 kilometre, based on 31 mineralized holes, within a broader 2.4-kilometre-long prospective corridor, based on two (2) holes drilled at the eastern and western extensions (WS25-22 and WS25-34, respectively).
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– Thickness: Intervals grading above 0.2% Sb range from 5 to 50 metres wide along the hole, roughly 25 metres on average.
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– Dip: To the south at approximately 75 degrees.
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– Vertical extent: Mostly tested from surface down to 50 metres; open at depth.
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Mineralized system and geological context
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- The antimony-gold mineralized system is hosted in an east-west striking subvertical feldspar porphyry intrusive sill and its sheared contacts with metasedimentary rocks (mostly siltstones). To date, 42 holes
have intersected the sill over a lateral distance of 2.65 kilometres, and it remains open to the west. Its thickness varies from several metres to over 90 metres, with a steep dip to the south. So far, the sill has been intercepted vertically down to 140 metres, and a deeper extent is anticipated. The multi-kilometre lateral continuity of the sill could indicate a kilometre-scale vertical depth. - Antimony sulphides (mostly stibnite: Sb2S3) are related to intense quartz veining within the sill and are commonly associated with other sulphides (arsenopyrite, pyrrhotite, pyrite). Sericite is the main alteration mineral, locally accompanied by chlorite, epidote and carbonate. The most abundant mineralization occurs along the southern contact where the sill meets sheared and folded metasedimentary rocks. The northern contact is also mineralized, but drilling to date suggests it is less continuous than along the southern contact. The quartz vein network is mostly subparallel to the east-west schistosity. The rheologic contrast between the brittle porphyry sill and the more ductile metasedimentary rocks appears to be one of the key controls on mineralization at the scale of the Fortin Zone.
- Approximately 300 metres south of the Fortin Zone, five (5) holes (WS25-35 to -39, totalling 870 m) tested a subparallel trend, mostly delineated by induced polarization anomalies coincident with gold showings. Hole
WS25-35 yielded the significant results of 0.39 g/t Au over 8.80 m (from 28.20 m to 37.0 m), including 1.49 g/t Au over 1.50 m (from 35.5 m), and 2.73 g/t Au over 3.00 m (from 172.50 m to 175.50 m). - Antimony-rich systems are unusual in Archean settings in Quebec. The mineralized sill on the Wabamisk Property lies along the major tectono-metamorphic boundary separating the volcano-plutonic La Grande Subprovince and the metasedimentary Opinaca Subprovince. This geological environment has already been recognized as prospective for gold, exemplified by the Eleonore gold deposit. At Wabamisk, the antimony-rich zone may transition to a deeper gold-rich zone. Further drilling will test for antimony-gold vertical zoning, a pattern observed in several deposits around the world.
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