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Azimut’s Patwon Gold Zone at Elmer Property Showcases Initial MRE – NI 43-101 Report Filed

Azimut Exploration Inc. (TSXV: AZM) has announced the filing of its independent NI 43-101 Technical Report for the Patwon Gold Zone located at the Elmer Property in Quebec. The report, dated January 4, 2024, aligns with the initial Mineral Resource Estimate (MRE) shared previously on November 21, 2023.

Initial Mineral Resource Estimate Details

Azimut’s initial MRE highlights significant potential:

Indicated resources: 311,200 ounces of gold from 4.99 million tonnes at 1.93 g/t Au
Inferred resources: 513,900 ounces from 8.22 million tonnes at 1.94 g/t Au

The MRE includes open-pit and underground resources defined by cutoff grades specific to each mining scenario. The highlighted sensitivity analysis illustrates the MRE’s robustness across various gold price and cutoff grade scenarios.

Upcoming Exploration Objectives

March 2024 will witness the commencement of an ambitious drilling program aiming to:

1. Extend the Patwon Gold Zone along its strike.
2. Investigate gold-bearing zones along contiguous shear zones.

With 20.5 kilometres of cumulative strike length to explore, Azimut is focused on maximizing the property’s value.

Company Snapshot: Azimut Exploration Inc.

A leader in mineral exploration, Azimut bolsters its approach with advanced analytics and maintains a comprehensive mineral exploration portfolio in Quebec. The company thrives on innovation, financial discipline, and its strong balance sheet.

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