Business
Azimut to Conduct 10,000-metre Drill Program to Expand the Patwon Gold Deposit on the Elmer Property, James Bay region, Québec
Internal scoping study supports new work phaseLONGUEUIL, Québec, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce a new work phase aiming to expand the Patwon Gold Deposit on its wholly owned Elmer Property (the “Property”) in the Eeyou Istchee James Bay (“James Bay”) region of Québec, Canada (see Figures 1 to 4). This program follows the internal scoping study conducted by Azimut in 2025 and is strongly suppo
About this update from Azimut Exploration, Inc.
[{"type":"image","alt":"Exploration Azimut Inc","displaySize":"","headline":null,"caption":"Exploration Azimut Inc","className":"","disableSlideshowImg":false,"size":{"original":{"width":239,"height":281,"url":"https://media.zenfs.com/en/globenewswire.com/c4567d3a75601851dfbf0a0fed4da16f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fWEb4F3MjmBvG1N0zgCP2Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQ5NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c4567d3a75601851dfbf0a0fed4da16f","width":239,"height":281}},"lazy":false},{"type":"text","content":"Internal scoping study supports new work phase","length":46,"tagName":"p"},{"type":"text","content":"LONGUEUIL, Québec, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce a new work phase aiming to expand the Patwon Gold Deposit on its wholly owned Elmer Property (the “Property”) in the Eeyou Istchee James Bay (“James Bay”) region of Québec, Canada (see Figures 1 to 4). This program follows the internal scoping study conducted by Azimut in 2025 and is strongly supported by the current gold price (see the press release of March 31, 2025i).","length":543,"tagName":"p"},{"type":"text","content":"The planned 10,000-metre diamond drill program will initially focus on expanding the known gold resource and testing well-defined targets in close proximity to Patwon. Contingent on positive results, this phase will be followed by an updated NI 43-101 mineral resource estimate using prevailing gold price assumptions, and a preliminary economic assessment (“PEA”).","length":365,"tagName":"p"},{"type":"text","content":"Building on the 2023 gold resource estimate","length":43,"tagName":"p"},{"type":"text","content":"The NI 43-101 compliant mineral resource estimate for Patwonii, completed in 2023 (the “2023 MRE”), yielded the following estimate using a gold price of US$1,800 per ounce:","length":177,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Indicated resources: 311,200 ounces in 4.99 million tonnes grading 1.93 g/t Au","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Inferred resources: 513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au","length":77,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":155,"olType":false},{"type":"text","content":"The 2023...