#Azimut continues to hit it out of the park at #Elmer! Drills 24.0 g/t #Gold Au over 18 m, incl. 38.7 g/t Au over 9 m, in the expanding #Patwon Gold Zone, Elmer Property, #Quebec

Azimut continues to hit it out of the park! 

Highlights from the news release of June 22, 2021

• Patwon remains wide open below 450 metres, with a possible gold grade increase with depth.
• Azimut's management considers Patwon to be one of the largest gold discoveries in the James Bay region since the discovery of the Éléonore deposit in 2004.
• The mineralized body is currently defined over a strike length of 500 metres and a minimum depth of 450 metres, where the mineralized system remains robust and open. The average estimated true width is about 35 metres based on previously released results from 44 drill holes. True widths can reach up to 80 metres.
• The gold zone shows an impressive central core (Figure 4) extending from surface to a minimum depth of 450 metres, with an estimated true width of 50 metres 
• Assay results are pending for the remaining 54 holes from the program (17 on Patwon and 37 on new targets)

Azimut's current diamond drilling program is now complete with 15,135.5 metres drilled (67 holes). Three (3) new holes totalling 1,393 metres are reported in this press release. Ten (10) holes totalling 2,463.5 metres were previously reported (see press release dated May 19, 2021). Assay results are pending for the remaining 54 holes from the program (17 on Patwon and 37 on new targets) (see press release dated June 2, 2021).

The significant results of this release are:

• Hole ELM21-086   24.04 g/t Au over 18.0 m (from 254 m to 272 m), incl. 38.7 g/t Au over 9.0 m, and 44.4 g/t Au over 1.0 m (from 307.7 m to 308.8 m)
• Hole ELM21-073   1.44 g/t Au over 66.0 m (from 407.3 m to 473.3 m), incl. 3.09 g/t Au over 10.5 m

HIGHLIGHTS (Figures 1 to 6, Photo 1, Tables 1 to 4)

• These new results further confirm the robustness and strong growth potential of the Patwon gold zone. Patwon remains wide open below 450 metres, with a possible gold grade increase with depth.
• Azimut's management considers Patwon to be one of the largest gold discoveries in the James Bay region since the discovery of the Éléonore deposit in 2004.
• The delineation drilling at Patwon on systematic 50-metre centres is designed to expand the zone. No infill drilling is being conducted at this stage.
• The mineralized body is currently defined over a strike length of 500 metres and a minimum depth of 450 metres, where the mineralized system remains robust and open. The average estimated true width is about 35 metres based on previously released results from 44 drill holes. True widths can reach up to 80 metres.
• The gold zone shows an impressive central core (Figure 4) extending from surface to a minimum depth of 450 metres, with an estimated true width of 50 metres and a grade x thickness factor ranging from 50 to 412 (based on true widths). This core zone is spatially correlated with a vertically dipping felsic intrusion, indicating an excellent possibility for a kilometre-scale vertical extent of the Patwon gold zone.

The Elmer Property comprises 515 claims covering 271.3 km2 over a 35-kilometre strike length. The Property is 285 kilometres north of the town of Matagami, 60 kilometres east of the village of Eastmain, and 5 kilometres west of the paved James Bay Road, a major all-season highway. The region benefits from quality infrastructure, including significant road access, a hydroelectric power grid and airports.

Press release here: https://www.newswire.ca/news-releases/azimut-drills-24-0-g-t-au-over-18-m-including-38-7-g-t-au-over-9-m-in-the-expanding-patwon-gold-zone-elmer-property-quebec-886149453.html

Figures and tables: https://www.azimut-exploration.com/en/presentations/PR20210622_Fig1-6_Photo1_Tables2-4-p.pdf

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