Azimut and SOQUEM Deliver More Wide High-Grade Lithium Drill Intercepts on Galinée, James Bay Region, Quebec - Seite 3

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

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

Certain aspects of Galinée’s context are comparable with the apparent regional context for the CV5 lithium deposit (Patriot Battery Metals):

• Spodumene pegmatite bodies hosted in sheared mafic greenstone belts belonging to the La Grande Subprovince, close to the tectono-metamorphic boundary with the Opinaca Subprovince.
• Presence of peraluminous post-tectonic intrusions (Vieux Comptoir and/or Tilly suites).
• Well-defined lake sediment geochemical anomalies (lithium-cesium-rubidium-gallium-tin) spatially related to lithium mineralization.

Drilling Contract and Analytical Protocols

Chibougamau Diamond Drilling Ltd of Chibougamau (Quebec) is drilling with a core diameter of BTW.

Core samples are sent to ALS Laboratories in Val-d’Or (Quebec) for ICP multi-element analysis (laboratory codes: ME-MS61, ME-MS89L, ME-ICP82b). Azimut applies industry-standard QA/QC procedures to its drilling programs. All batches sent for analysis include certified reference materials, blanks and field duplicates.

About the Galinée Property

The Galinée Property (649 claims, 335 km²) is a 50/50 joint venture between Azimut and SOQUEM, operated by Azimut. The 36-kilometre-long project is about 50 kilometres north-northwest of the Renard diamond mine (Stornoway) and 60 kilometres south of the Trans-Taiga Road, a regional highway.

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 (P.Geo.), Operations Manager, also reviewed the contents of this press release.