Azimut’s New Exploration Results Support Large-Scale Gold Vein Field at Wabamisk

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Azimut's New Exploration Results Support Large-Scale Gold Vein Field at WabamiskAuthor of the article:LONGUEUIL, Quebec, Oct. 26, 2026 (GLOBE NEWSWIRE) — Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to provide an update on its ongoing exploration program at the wholly owned Wabamisk Property in the Eeyou Istchee James Bay region of Québec (see Figures 1 to 4).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountA 3-kilometre by 5-kilometre gold-bearing vein field has been recognized over the Rosa-Dome Sector. The area is largely untested by drilling.A new gold showing (“Ginger”) highlights the excellent exploration potential over the 15-kilometre distance separating the Rosa and Fortin zones.Extensive surface field work continues to prepare a minimum 7,000-metre diamond drilling program, planned to start later this year. Since June 2026, 8 significant gold showings have been discovered through prospecting and mechanical stripping. Over the past several weeks alone, at least 9 new mineralized outcrops have been found in the Dome Sector (results pending).This advertisement has not loaded yet, but your article continues below.This year’s field program has significantly expanded the scale of the gold potential at Wabamisk. In particular, the Rosa-DomeSector appears to be part of a multi-kilometre gold-bearing vein field characterized by:Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAn extensive quartz vein system, which returned numerous high-grade gold results.Widespread tourmaline and iron carbonate (ankerite) alteration.Sulphide mineralization (mostly arsenopyrite, pyrite, pyrrhotite).A network of subparallel major structures.A variety of host rock types, dominated by sheared mafic volcanics and/or gabbro, and metasediments.Continuous trends of induced polarization (“IP”) anomalies.This vein field currently consists of five (5) distinct mineralized zones sharing common features, as summarized in the table below. Their cumulative length reaches at least 5.4 kilometres. The geological framework and limited drilling to date suggest these zones can be significantly extended along strike and at depth. The potential for additional discoveries in this area is considered very high, supported by new prospecting results, soil and/or till surveys, and a new geophysical IP survey in progress.This advertisement has not loaded yet, but your article continues below.The multi-kilometre width and the greenschist metamorphic context of the Rosa-Dome structural corridor underscore a potential for kilometre-scale vertical continuity. It appears to be part of a much broader system that extends at least to the Fortin Zone, 15 kilometres further to the east, and likely over a 30-kilometre strike length. This corridor roughly corresponds to the major tectonic boundary between the La Grande volcano-plutonic subprovince and the Opinaca metasedimentary subprovince.The Rosa-Dome sector displays several key features that characterize the Val-d’Or vein field in Québec, spatially located near or directly associated with a fault network marking the transition between the Abitibi volcano-plutonic subprovince and the Pontiac metasedimentary subprovince The Val-d’Or district is broadly characterized by gold-bearing quartz veins mostly hosted in sheared mafic to intermediate volcanic rocks and intrusions. These veins and their wallrocks contain arsenopyrite and/or pyrite sulphides, with tourmaline and iron carbonate as the dominant alteration assemblage.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.New Gold Showing between Rosa and Fortin (see Figure 8, Photo 8)A new gold showing (the GingerShowing), recently uncovered by prospecting, underscores the discovery potential between the Rosa-Dome sector and the Fortin Zone. Preliminary results include up to 3.71 g/t Au in grab samples and 1.40 g/t Au over 2.0 m in a channel sample. Apparent mineralized thickness reaches about 10 metres.Mineralization consists of disseminated to semi-massive arsenopyrite hosted in metasedimentary rocks with quartz veining. Albitic alteration has been observed, indicating possible strike continuity with the antimony-gold Fortin Zone, which is associated with a thick albitic unit (see press release of May 20, 2026i). Additional work, including mechanical stripping, is underway to expand the showing, which remains open in all directions. The Ginger Showing correlates well with a 5-kilometre-long IP anomaly and a strong arsenic-antimony anomaly in soil.Grab samples are selective by nature, unlikely to represent average grades, and may not represent true underlying mineralization.This advertisement has not loaded yet, but your article continues below.Overview of the 2026 Field Program (see Figure 9)Soil geochemistry: 5,517 samples collected; results pending for 3,573 samples.Rock geochemistry: 1 355 grab and channel samples collected; results pending for 249 samples. Active prospecting phase still in progress.Till survey: collection of 102 samples underway, mainly in the Dome Sector.IP survey: 144 line-kilometres in progress, mainly over the Dome Sector.Mechanical stripping: currently underway over the Rosa Zone, Dome Sector and Ginger Showing.Diamond drilling: a minimum of 7,000 metres will be drilled starting later this year to expand the Rosa Zone and to test Rosa’s western extensions, the Dome Sector and new targets.Initial results from the summer program were reported in the press release of September 9, 2026ii.The WabamiskProperty is a wholly owned project comprising 784 claims covering 415.2 km2. This includes 73 claims recently added to the Property by map designation. The contiguous Wabamisk EastProperty (205 claims, 108.5 km2) is also being explored for gold and lithium. Together, the Wabamisk and Wabamisk East projects provide exposure to a strategic 59-kilometre-long strike positionin one of the most prospective greenstone beltsin the James Bay region.This advertisement has not loaded yet, but your article continues below.Wabamisk lies 13 kilometres east of the Clearwater Property (Fury Gold Mines Ltd), 42 kilometres northeast of the Whabouchi lithium deposit (Rio Tinto – Nemaska Lithium), and 70 kilometres south of the Éléonore gold mine (Dhilmar Ltd). Major powerlines pass through or close to the Property’s eastern end, and the North Road highway passes 37 kilometres to the south. The nearest town is Nemaska, a Cree municipality 55 kilometres to the southwest.Analytical protocols and project managementSawed channel samples and grabs were sent to Actlabs Laboratories in Val-d’Or, Québec. Several batches of rock samples were also sent to MSALABS in Val-d’Or. Gold was analyzed using PhotonAssay™ technology, a non-destructive X-ray analytical method that directly measures gold content in crushed rock samples. Samples were also analyzed for a 48-element suite using ICP. Azimut applies industry-standard QA/QC procedures to its drilling and prospecting programs. All batches sent for analysis included certified reference materials, blanks and field duplicates. Soil samples were sent to Actlabs Laboratories for analysis using method 1A6-50 on a 50-gram sample with cyanide extraction and ICP-MS finish for gold, and method UT-2-30g (aqua regia digestion with ICP and ICP-MS finish) for trace elements.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The project is under the direction of Alain Cayer (P.Geo.), Azimut’s Project Manager.Dr. Jean-Marc Lulin (P.Geo.), Azimut’s President and CEO, prepared this press release and approved the scientific and technical information disclosed herein, including the previously reported results presented in the figures and table supporting this press release. He is acting as the Company’s qualified person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The Company controls strategic land positions for gold, copper, nickel and lithium in Québec. Azimut is focused on several key high-impact projects:Wabamisk and Wabamisk East (100% Azimut), which host the Fortin Zone (antimony-gold), Rosa Zone (gold), Dome Sector (gold), and Lithos Zone (lithium).Elmer (100% Azimut), which hosts the resource-stage Patwon Deposit (gold) (311,200 oz Indicated and 513,900 oz Inferrediii).Kukamas (KGHM option), which hosts the Perseus Zone (nickel-PGE).Nickel North Corridor (SOQUEM option) for its nickel-copper-PGE potential.Corvet and Kaanaayaa (Centerra option) for their gold and copper potential.This advertisement has not loaded yet, but your article continues below.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. Azimut maintains rigorous financial discipline and a strong balance sheet.Azimut has two strategic investors among its shareholders, Centerra Gold Inc. and Agnico Eagle Mines Limited, which hold approximately 12.7% and 11%, respectively, of the Company’s issued and outstanding shares.Jean-Marc Lulin, President and CEOTel.: (450) 646-3015 – Fax: (450) 646-3045Jonathan Rosset, Vice President Corporate DevelopmentTel.: (604) 202-7531info@azimut-exploration.com www.azimut-exploration.comCautionary note regarding forward-looking statementsThis press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events related to the drilling results from the Wabamisk Property. To the extent that any statements in this press release contain information that is not historical, the statements are essentially forward-looking and are often identified by words such as “consider”, “anticipate”, “expect”, “estimate”, “intend”, “project”, “plan”, “potential”, “suggest” and “believe”. The forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Many factors could cause such differences, particularly volatility and sensitivity to market metal prices, the impact of changes in foreign currency exchange rates and interest rates, imprecision in reserve estimates, recoveries of gold and other metals, environmental risks including increased regulatory burdens, unexpected geological conditions, adverse mining conditions, community and non-governmental organization actions, changes in government regulations and policies, including laws and policies, global outbreaks of infectious diseases, and failure to obtain necessary permits and approvals from government authorities, as well as other development and operating risks. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this document. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, other than as required to do so by applicable securities laws. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Report filed on SEDAR+ for a fuller understanding of the risks and uncertainties that affect the Company’s business. This advertisement has not loaded yet, but your article continues below.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.______________________i Azimut Continues to Expand the Fortin Antimony-Gold Zone, Wabamisk Property, James Bay Region, Québecii Azimut Accelerates District-Scale Gold Exploration at Wabamiskiii Technical Report and Initial Mineral Resource Estimate for the Patwon Deposit, Elmer Property, Québec, Canada, prepared by Martin Perron, P.Eng., Chafana Hamed Sako, P.Geo., Vincent Nadeau-Benoit, P.Geo. and Simon Boudreau, P.Eng. of InnovExplo Inc., dated January 4, 2024. The initial MRE comprises Indicated resources of 311,200 ounces in 4.99 million tonnes grading 1.93 g/t Au and Inferred resources of 513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au.ROSA-DOME VEIN FIELD, WABAMISK PROPERTY, JAMES BAY REGION, QUÉBECTable 1: Rosa-Dome Vein Field – Preliminary Description – North to SouthZone orProspectLength(km)Salient goldresults to dateMineralogy / AlterationHost rocksGeochemical footprint in soil(B horizon)GeophysicsDrilling to date(meterage,# of holes)ROSA1.4(open) 46.41 g/t Au / 3.5m (D)9.29 g/t Au / 5.0m (D)1.29 g/t Au / 28.8m (D)30.17 g/t Au / 4.0m (C)93.9 g/t Au / 0.35m (G) Visible gold,Py, Po, Asp,(Cp)Quartz veinsTourmalineAnkeriteChlorite Metasediments,(intermediate to mafic volcanics) As, Ag, Bi, (Au, Cu, Sb, W)Corridor of strong IP anomalies6,651.2 m (46) ROSA WEST1.5(to be validated)New showings:Up to 2.88 g/t Au (G)Up to 2.36 g/t Au (G)Quartz veinsPo, (Cp)MetasedimentsAs, Ag, Au, Bi, CuCorridor of strong IP anomaliesNoneK0.5(open)52.4 g/t Au (G)19.3 g/t Au (G)1.8 g/t Au / 2.8m (D)1.7 g/t Au / 3.0m (C)Asp, Po, Py, (Cp)Quartz veinsCalciteContact gabbro / metasedimentsNot coveredStrong IP anomalies (historical survey)EM axis in the vicinity523.27 m (7)Historical holesPP-51 EastPP-51 West1.8(open)1.0 g/t Au / 17.0m (D)2.6 g/t Au / 2.3m (D)8.54 g/t Au (G)5.24 g/t Au (G)Asp, Po, Py, (Cp)Quartz veinsTourmalineContact mafic-ultramaficintrusion/ basalt; metasedimentsPartly coveredAs, Au, (Sb, W)Strong IP anomalies (historical survey)1,473 m (11)Historical holesDOME A 0.7(open)9.33 g/t Au / 0.9m (D)2.49 g/t Au / 0.91m (D)Asp, Po, (Cp)Quartz veinsTourmalineCarbonateSheared gabbro,metasedimentsNot coveredStrong IP anomalies in the vicinity (historical survey); EM anomaly east of Dome A473.3 m (7)Historical holesAt 500m NNEAt 1.5 km ENE New showings:Up to 4.78 g/t Au (G)Up to 6.3 g/t Au (G) DOME CDOME NEFISCHER 1.0(open)1.3 g/t Au / 7.5m (D)17.7 g/t Au / 1.0m (C)14.26 g/t Au/1.0m (C)80.71 g/t Au (G)Asp, Po, (Cp)Quartz veinsTourmalineCarbonateGabbro, basalt,metasedimentsAu, Ag, As, Cu, Sb, W, (Bi)Strong IP anomalies(historical survey)EM anomaly717.3 m (6)Historical holesAt 1 km SW New showing:Up to 5.56 g/t Au (G) Notes: Location: See Figures 5 to 9Azimut’s results since 2025 in boldGrab samples are selective by nature, unlikely to represent average grades, and may not represent true underlying mineralization.Asp: arsenopyrite; Py: pyrite; Po: pyrrhotite; Cp: chalcopyriteD: Drill core interval; C: Channel interval; G: Grab sampleThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.