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Azimut Exploration Inc., updated its 2023 exploration activities and growth strategy.

Feb 23, 2023

Azimut Exploration Inc., the largest mineral exploration portfolio in Quebec, with at least 10 work programs planned for 2023 updated its 2023 exploration activities and growth strategy. 

Azimut holds 28 main exploration projects totalling 17,846 claims covering 8,781 km2 in two regions: Eeyou Istchee James Bay (24 projects) and Nunavik (4 projects).

Partnerships have been developed on 12 projects: 9 under strategic alliances with SOQUEM Inc. and 3 projects with KGHM International Ltd, Hecla Mining Company and Mont Royal Resources Ltd. Azimut holds the largest multi-commodity mineral exploration portfolio in Quebec, focusing on gold, copper, nickel and lithium. The company's multi-commodity portfolio mitigates typical price variations and provides a broader investment appeal. 

The company's activities are guided by high environmental, social and governance standards. Azimut was one of the three exploration companies in 2007 that initiated the successful Nunavik Restor-Action Fund, a regional environmental program for rehabilitating historical mining sites. The program was set up with the support of the Government of Quebec, the Kativik Regional Government and participating mining companies. The Company also supports a similar rehabilitation program in the Eeyou Istchee James Bay region.


Azimut conducts advanced data processing applied to mineral exploration using its proprietary predictive methodology (AZtechMineTM) to generate exploration projects in underexplored regions. The objective is to increase the discovery probability through state-of-the-art targeting. This initial key step is closely linked with extensive field validation programs.
Partnerships with senior and junior companies are developed on these projects, increasing the discovery odds by concurrently conducting multiple exploration programs and minimizing the need for recurrent financings. This preserves the capital structure over time and supports value creation per share. Azimut may decide to advance projects in its own based on specific criteria.

Objectives for Azimut Properties in 2023

Elmer (Gold): Deliver a compliant 43-101 maiden resource estimate for the Patwon Zone and continue drill testing additional prospective targets in the vicinity. Held 100% by Azimut.
Kukamas (Copper-Gold, Nickel-Copper): Initiate property-scale exploration with an airborne magnetic-electromagnetic survey and follow-up prospecting. Under option by KGHM.

Wapatik (Nickel-Copper): Conduct follow-up drilling of encouraging initial results, including 2.68% Ni and 1.30% Cu over 3.30 m within an ultramafic intrusion. Under option by Mont Royal.

Pikwa and Galinée (Lithium): Implement an aggressive field program to assess the lithium potential on these two properties directly on strike with the two most important recent lithium discoveries (Corvette of Patriot Battery Metals, Adina of Winsome Resources) in the Eeyou Istchee James Bay region. JV Azimut (50%) – SOQUEM (50%).

Corvet and Kaanaayaa (Lithium): Implement an aggressive field program to assess the lithium potential on these properties located south of the Corvette discovery area. Held 100% by Azimut.

James Bay Lithium Project (Lithium): Assess one of the largest lithium portfolios in the Eeyou Istchee James Bay region (16 claim blocks, 2,234 claims) through reconnaissance prospecting supported by remote sensing and advanced geochemical targeting. Held 100% by Azimut.

James Bay Nickel Project (Nickel-Copper-Cobalt-PGE): Advance one of the largest nickel exploration initiatives in Eastern Canada (112 claim blocks, 200 distinct targets, 3,709 claims) through an initial airborne magnetic and electromagnetic survey with field validation follow-up. Held 100% by Azimut.

Other projects of great interest to the Company's management will be subject to data processing, target ranking and possibly focused field evaluation (Wabamisk, Rex, Rex South, etc.).

Elmer Gold Project advancing toward the mineral resource estimate stage, with an open-pit scenario as the first phase.
Major strategic land position for lithium with strong and extensive targets, including two projects with significant discoveries directly on strike on adjacent properties. Aggressive field assessment phase to be implemented as early as possible after the winter season.

Major strategic land position for nickel-copper-cobalt-PGE (200 targets) following advanced regional targeting for massive sulphide deposits of the Eagle's Nest target type.
Focus on the Eeyou Istchee James Bay region, one of the most prospective regions in Canada with excellent community relationships, governmental support for exploration activities and infrastructure, including paved highways, airports and a world-class hydro-electric power grid.

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.

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 Elmer Gold Project is actively advanced to the initial resource stage in the James Bay region.
Azimut uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system), enhanced by extensive exploration knowledge. Azimut's competitive edge is based on systematic regional-scale data analysis and concurrently active projects. Azimut maintains rigorous financial discipline and a strong balance sheet, with 79.5 million shares issued and outstanding.

For more information:

Azimut Exploration Inc.
110 De La Barre Street, Suite 224
Longueuil (Quebec)
Canada J4K 1A3

Telephone: +1(450) 646-3015
Facsimile: +1(450) 646-3045

Image Azimut Exploration Quebec Properties

Tags: Quebec / Operational Updates / Gold / All Articles