Business
Azimut Exploration Provides Update on its Exploration Activities
LONGUEUIL, Quebec, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to provide an upd
About this update from Azimut Exploration, Inc.
[{"type":"text","content":" LONGUEUIL, Quebec, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to provide an update on its exploration programs in the Eeyou Istchee James Bay region of Quebec. The access and travel restrictions imposed by the Government of Quebec in response to the unprecedented forest fire situation persisting since early June remain in place across a significant part of the region. The field programs on the Pikwa, Galinée and Pontois lithium projects have resumed now that the restrictions have been lifted for air access in these areas. Azimut is ready to expand its activities on other key projects as the situation improves. Over the summer and fall seasons, Azimut intends to complete 10 (ten) programs through its agreements with leading companies or as self-funded programs (see Figure 1): Pikwa Property (Lithium), SOQUEM JV, 509 claims, 260.9 km2 The prospecting phase initiated in May and operated by SOQUEM has resumed. This lithium-focused program may be followed by core drilling, contingent on the success of the prospecting phase. Pikwa is a 28-km-long project immediately along strike of the Corvette property (Patriot Battery Metals), where an initial inferred resource estimate of 109.2 Mt at 1.42% Li2O was recently announced for the major CV5 discovery (see press release of May 17, 2023). Galinée Property (Lithium), SOQUEM JV, 649 claims, 335 km2 This 33-kilometre-long project is a key priority for the Company. The planned 1,600-metre initial drilling program will test an area adjacent to Winsome Resources lithium discovery on the Adina project (see press release of June 13, 2023). The Galinée drilling phase should begin later this summer, immediately following the intensive prospecting phase already underway. Azimut’s field team is currently assessing ten (10) excellent multi-kilometre target areas on the project. Corvet Property (Lithium), Rio Tinto Option, 877 claims, 451.2 km2 A comprehensive prospecting phase is scheduled to assess high-potential targets outlined by strong lithium-cesium-rubidium-gallium-tin anomalies in lake sediments (see press release of July 10, 2023). Additional work has been planned and will be further detailed once the program begins. Kaanaayaa Property (Lithium), Rio Tinto Option, 421 claims, 216.4 km2 A prospecting pha...