Azimut Announces New Drilling Phase on the Elmer Gold Property

LONGUEUIL, Quebec, April 16, 2024 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce a new diamond drilling phase on its 100% owned Elmer Property in the Eeyou Istchee James Bay region of Quebec, Canada. The minimum 3,000-metre program will begin early this summer after the Goose Break Holiday, a traditional First Nations hunting period.

The Company used advanced multi-parameter data processing to optimize drill target definition. The main objective of the drilling program is to test high-potential shallow-depth targets. Azimut believes there is excellent exploration potential on the Elmer Property, which could lead to significantly increase the already identified mineral resources on the project.

The four main target areas to be investigated are Patwon East, Patwon West, Wolf – A21 and Gabbro.

Area	Size	Significant results	Key features
Patwon East	2.3 km x 0.5 km	1.35 g/t Au over 8.87 m including 15.3 g/t Au over 0.57 m (D) 122 g/t Au, 160 g/t Ag, 307 g/t Te over 0.50 m (D) 4.29 g/t Au over 0.95 m (D)	- Eastern extent of the Patwon Zone - Extensive IP anomaly that correlates with the shear zone hosting Patwon - Presence of a felsic intrusive body - Limited past drilling
Patwon West	3.5 km x 0.9 km	1.9 g/t Au over 1.70 m (D) 12.65 g/t Au, 12.6 g/t Au, 8.21 g/t Au, 7.51 g/t Au (G) 15.75 g/t Au (G)	- Several subparallel shear zones along the western extent of the Patwon Zone - Limited past drilling
Wolf–A21	12 km x 0.7 km	0.50 g/t Au, 45 g/t Ag over 30.0 m (D): A21 prospect 0.36 g/t Au over 31.0 m (D): A21 0.30 g/t Au over 17.0 m (D): Wolf prospect 20.6 g/t Au over 0.75 m (C): Wolf 19.25 g/t Au over 1.0 m (C): Wolf 4.65 g/t Au, 160 g/t Ag, 7.0% Cu (G): Wolf 58.2 g/t Au, 18.5 g/t Au (G): Wolf 102.5 g/t Au, 18.25 g/t Au (G): Gold prospect	- Extensive shear zone with quartz veining - Felsic tuffs - Strong sericitization - Chlorite alteration - Low magnetic footprint - IP anomalies - Limited past drilling
Gabbro	3.5 km x 0.4 km	77.8 g/t Au, 167 g/t Ag (G)