Azimut and SOQUEM Announce Major Drill Intercept in First Hole on Galinée

2.48% Li2O over 72.7 metres - Seite 2

Galinée displays a strong exploration potential supported by the project database and the results recently acquired by other companies on surrounding properties.

Emerging lithium district:

• Known lithium pegmatite occurrences appear spatially correlated with the Trieste Formation, a sheared mafic greenstone belt with ironstones, partly bounded by paragneisses. Trieste has a relatively distinct low magnetic footprint, which comprises thin, strongly magnetic interlayed horizons. At the current stage of exploration, spodumene pegmatite mineralization roughly delineates a regional corridor 18 kilometres long by 1 kilometre wide.

• As previously disclosed (see press releases of June 13 and October 23, 2023), the Galinée Property and other neighbouring projects are marked by well-defined lake-bottom sediment anomalies in elements that are widely recognized as pathfinders for LCT pegmatites (lithium-cesium-rubidium-gallium-tin).

• Recent exploration results in the area indicate good spatial correlation between lithium mineralization in the bedrock and proximal lake sediment anomalies in pathfinder elements for LCT pegmatites. These anomalies can then be used as a key criterion to define exploration targets in underexplored sectors. Notably, most of these lake sediment anomalies are spatially superimposed to the Trieste Formation, which appears thus far to be the main host for LCT pegmatites in the area.

• Only a very small part of the Galinée Property has been explored for lithium to date:
  
  
  • The currently drilled area, in the northernmost part of the Property, is part of a much more extensive prospective zone continuing for 12 kilometres further east and over 21 kilometres along the northwest side of the project.
  • In the southern half of the Property, several sectors with 22 kilometres of cumulative strike also display a favourable geological context coupled with attractive lake sediment anomalies.

• At Galinée, target definition and ranking is also supported by lithogeochemical data, till sampling results and remote sensing analysis.

• At the scale of the James Bay region, certain aspects of Galinée’s context are comparable with the apparent regional context for the CV5 lithium deposit (Patriot Battery Metals):