Azimut Defines Major Lithium Exploration Targets on its 100% owned James Bay Lithium Property, Quebec - Seite 3

The identified targets have been further ranked by considering other data (regional and local), including the geological, structural and metamorphic framework, the presence of peraluminous intrusive suites, and lithogeochemical, mineralogical and till data. Multispectral remote sensing analysis also helped recognize the footprint of possible pegmatitic outcrops.

Azimut’s Lithium Exploration Strategy

The Company is advancing its major lithium portfolio in the James Bay region using three approaches:

1)   Azimut’s self-funded projects on two (2) wholly owned properties:

• James Bay Lithium (2,954 claims)
• JBN57 (39 claims)
  

2)   Joint ventures with SOQUEM on four (4) properties:

• Pikwa (509 claims), Galinée (649 claims), Pontois (226 claims), and Dalmas (120 claims)

3)   Option agreements with:

• Rio Tinto on the Corvet (877 claims) and Kaanaayaa (421 claims) properties
• Mont Royal Resources on the Wapatik Property (220 claims)
  

Azimut’s management cautions that results or discoveries on surrounding properties are not necessarily indicative of mineralization hosted on the Company’s properties.

Qualified Person

Dr. Jean-Marc Lulin (P.Geo.) prepared this press release as Azimut’s qualified person within the meaning of National Instrument 43-101. Rock Lefrançois (P.Geo.), Vice-President of Exploration, and François Bissonnette, Operations Manager, have also reviewed the contents of this press release.

About Azimut

Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The Company holds the largest mineral exploration portfolio in Quebec. Its wholly owned flagship, the Elmer Gold Project, is advancing to the initial resource stage in the James Bay region. Azimut also controls a strategic land position for copper-gold, nickel and lithium.

Azimut uses a pioneering approach to big data analytics (the proprietary AZtechMine expert system) enhanced by extensive exploration know-how. The Company’s competitive edge is based on systematic regional-scale data analysis and concurrently active projects. The Company maintains rigorous financial discipline and a strong balance sheet, with 79.9 million shares issued and outstanding.

Contact and Information

Jean-Marc Lulin, President and CEO
Tel.: [phone]

Jonathan Rosset, Vice President Corporate Development