Azimut Accelerates District-Scale Gold Exploration at Wabamisk
LONGUEUIL, Québec, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to report significant progress from its ongoing 2026 exploration program on the wholly owned Wabamisk Property in the Eeyou Istchee James Bay region of Québec.
The objective is to accelerate exploration across a prospective gold corridor 30 kilometres long by 2 to 2.5 kilometres wide, supported by highly favourable geological, geophysical and geochemical data.
Azimut intends to conduct a minimum 7,000 metres diamond drilling program along this corridor following the current preparatory work phase, which includes prospecting, mechanical stripping, soil geochemical and induced polarization surveys (see below).
PROPERTY-SCALE SALIENT FACTS ( see Figures 1 to 6, and 12 to 15)
INTENSIVE SAMPLING AT ROSA ( see Figures 6 to 11, Table 1)
WR02 Trench
Dom Trench
WR07 Trench
Gesu Trench
These results, though preliminary, reinforce the potential for a kilometre-scale extension of the Rosa Zone. Grab samples are selective by nature, unlikely to represent average grades, and may not represent true underlying mineralization.
ROSA ZONE – UPDATED KEY FEATURES
WORK UNDERWAY AND PLANNED WORK ( see Figures 13 to 15, Photos 1 and 2)
About Wabamisk
The Wabamisk Property is a wholly owned project comprising 711 claims covering 376.5 km 2. The contiguous Wabamisk East Property (205 claims, 108.5 km 2) is concurrently explored for both its gold and lithium potential. Together, the Wabamisk and Wabamisk East projects provide exposure to a strategic 51-kilometre-long strike position in one of the most prospective belts in the James Bay region.
Wabamisk lies 13 kilometres east of the Clearwater Property (Fury Gold Mines Ltd), 42 kilometres northeast of the Whabouchi lithium deposit (Rio Tinto – Nemaska Lithium), and 70 kilometres south of the Eleonore gold mine (Dhilmar Ltd). Major powerlines pass through or close to the Property’s eastern end, and the North Road highway passes 37 kilometres to the south. The nearest town is Nemaska, a Cree municipality 55 kilometres to the southwest.
Analytical protocols and project management
Sawed channel samples and grabs were sent to Actlabs Laboratories in Val-d’Or, Quebec. Several batches of rock samples were also sent to MSALABS in Val-d’Or. Gold was analyzed using PhotonAssay™ technology, a non-destructive X-ray analytical method that directly measures gold content in crushed rock samples. Samples were also analyzed for a 48-element suite using ICP. Azimut applies industry-standard QA/QC procedures to its drilling and prospecting programs. All batches sent for analysis included certified reference materials, blanks and field duplicates. Soil samples were sent to Actlabs Laboratories for analysis using method 1A6-50, using a 50 g sample with cyanide extraction and ICP-MS finish for gold, and method UT-2-30g (aqua regia digestion with ICP and ICP-MS finish) for trace elements.
The project is under the direction of Alain Cayer (P.Geo.), Azimut’s Project Manager.
Qualified person
Dr. Jean-Marc Lulin (P.Geo.), Azimut’s President and CEO, prepared this press release and approved the scientific and technical information disclosed herein, including the previously reported results presented in the figures and table supporting this press release. He is acting as the Company’s qualified person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Azimut
Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The Company controls strategic land positions for gold, copper, nickel and lithium in Quebec. Azimut is focused on several key high-impact projects:
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. Azimut maintains rigorous financial discipline and a strong balance sheet.
Azimut has two strategic investors among its shareholders, Centerra Gold Inc. and Agnico Eagle Mines Limited, which hold approximately 12.67% and 11%, respectively, of the Company’s issued and outstanding shares.
Cautionary note regarding forward-looking statements
This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events related to the drilling results from the Wabamisk Property. To the extent that any statements in this press release contain information that is not historical, the statements are essentially forward-looking and are often identified by words such as “consider”, “anticipate”, “expect”, “estimate”, “intend”, “project”, “plan”, “potential”, “suggest” and “believe”. The forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Many factors could cause such differences, particularly volatility and sensitivity to market metal prices, the impact of changes in foreign currency exchange rates and interest rates, imprecision in reserve estimates, recoveries of gold and other metals, environmental risks including increased regulatory burdens, unexpected geological conditions, adverse mining conditions, community and non-governmental organization actions, changes in government regulations and policies, including laws and policies, global outbreaks of infectious diseases, including COVID-19, and failure to obtain necessary permits and approvals from government authorities, as well as other development and operating risks. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this document. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, other than as required to do so by applicable securities laws. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Report filed on SEDAR+ for a fuller understanding of the risks and uncertainties that affect the Company’s business.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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i Azimut Obtains High-Grade Gold Results from Channel Sampling on the Rosa Zone, Wabamisk Project, James Bay, Quebec
ii Azimut Drills 46.41 g/t Au over 3.50 m, incl. 155 g/t Au over 1.0 m on Rosa Zone, Wabamisk Property, James Bay, Québec
iii Azimut Starts Drilling High-Grade Gold Zone at Wabamisk, James Bay Region, Québec
iv Technical Report and Initial Mineral Resource Estimate for the Patwon Deposit, Elmer Property, Québec, Canada, prepared by Martin Perron, P.Eng., Chafana Hamed Sako, P.Geo., Vincent Nadeau-Benoit, P.Geo. and Simon Boudreau, P.Eng. of InnovExplo Inc., dated January 4, 2024. The initial MRE comprises Indicated resources of 311,200 ounces in 4.99 million tonnes grading 1.93 g/t Au and Inferred resources of 513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au.