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Azimut Exploration and KGHM Announce High-Grade Nickel Discovery on Kukamas Property, James Bay Region, Quebec
LONGUEUIL, Quebec, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce the
About this update from Azimut Exploration, Inc.
[{"type":"text","content":" LONGUEUIL, Quebec, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce the discovery of a high-grade nickel zone (“Perseus”) on the Kukamas Property (the “Property”) in the Eeyou Istchee James Bay (“James Bay”) region of Quebec. The prospecting discovery, which includes significant copper and platinum group element (“PGE”) grades, is still at an early stage but provides an exciting outlook for the project. Additional work is ongoing to further delineate the zone, including a magnetic and electromagnetic (“EM”) ground survey. Budgeting and planning are underway to initiate a maiden drilling program. The Perseus Zone is associated with an ultramafic volcanic unit and its features indicate a highly fertile system, underscoring the Property’s excellent prospectivity. Best grades reach up to 9.35% Ni, 3.04% Cu, 3.78 g/t Pt and 8.99 g/t Pd from different sawed samples. Perseus is spatially linked to a north-trending string of strong EM conductors, 2 kilometres long, which correlates well with a strong nickel-copper-cobalt footprint in lake sediments. Another nickel showing discovered in 2023 on the Property is also associated with a 1-kilometre-long strong EM conductor (see press release of April 2, 2024). Other significant ultramafic bodies remain underexplored on the 41-kilometre-long Property. Since signing a joint venture option agreement with KGHM International Ltd (“KGHM”), Azimut has carried out significant exploration activities on Kukamas and is the operator of the partner-funded program (see press release of December 8, 2022). The summer work program to date comprised a prospecting phase (303 grab samples and 40 channel samples) and an infill lake sediment sampling survey (215 samples). Most results are still pending and will be disclosed once they become available. HIGHLIGHTS (Figures 1 to 5, Photos 1 and 2) High-grade mineralization defines a curvilinear steeply dipping, north- to southwest-trending outcropping zone, measuring approximately 56 metres long by up to 9 metres wide. Perseus appears open along strike and to the east. Thick overburden surrounding the mineralized zone limited the extent of the sampling coverage. The rock samples collected from the discovery outcrop comprise twenty-four (24) 1-metre-long channel samples...