Azimut and SOQUEM Drill Wide Lithium-bearing Pegmatite Intercepts at Galinée, James Bay Region, Quebec - Seite 2

• The geometry of these mineralized drill intercepts may partly correspond to the down-dip extension of the adjacent Adina Main Zone (Winsome Resources), which dips shallowly to the south. The 78-metre-long spodumene-bearing intercept of hole GAL23-001 could be a subparallel zone above the Adina Main Zone. This geometry will be further defined by additional drilling.
  

• Prospecting over this area has uncovered a spodumene-bearing pegmatite boulder field, as previously reported (see press release of September 6, 2023). The area has few outcrops but the overburden appears thin (less than 5.0 m). The source of some of the angular to sub-angular boulders could be the non-outcropping sectors on the Property where drilling is underway. Nine (9) of the twelve (12) mineralized boulders returned lithium grades ranging from 0.5% Li₂O to 4.09% Li₂O.

• Based on these initial drill intercepts and prospecting results, additional drilling is strongly warranted over the two (2) kilometre-long target area immediately east of the first four holes. This target area is supported by a well-defined lake sediment footprint combining key lithium pathfinder elements (lithium-cesium-rubidium-gallium-tin) and a favourable magnetic context. According to public data, the adjacent Adina Main Zone is currently delineated over an east-west strike length of 1,000 metres with a shallow dip to the south.
  

• The Galinée Property displays strong and extensive targets, particularly a minimum 20-kilometre-long lithium anomalous trend in lake sediments in the northern part of the Property (which includes the target area described above) that correlates well with an amphibolite unit. Outcrops within this 20-kilometre-long target are rare, but the geochemical footprint underscores significant exploration potential. During the prospecting program conducted this summer, 107 grab rock samples were collected on the project, and assay results are pending.

The lithium potential of the Galinée Property has been steadily emphasized since January 2023 by reporting its strong lake sediment geochemical footprint (see press releases of January 23 and February 23, 2023), its immediate proximity to the significant Adina discovery (see press release of June 13, 2023), and the subsequent discovery of a spodumene-bearing pegmatite boulder field on the Property (see press release of September 6, 2023).