Azimut cuts wide mineralized intercept at 800+ metres deep at Patwon gold zone

Jackson Chen | May 30, 2022 | 11:19 am News Canada Gold 
Patwon represents a high-grade gold discovery on the Elmer property in the James Bay region. Credit: Azimut Exploration.

Azimut Exploration (TSXV: AZM; OTC: AZMTF) has released new assay results from ongoing drilling on the Patwon gold zone, which it says continues to display “remarkable continuity” from surface to a minimum vertical depth of 800 metres (about 900 metres along dip).

The Patwon zone is part of the company’s 100% owned Elmer gold-polymetallic project located in the James Bay region of Quebec. It represents the first major discovery on the property following Azimut’s initial diamond drilling in 2019, which yielded frequent high-grade intervals and visible gold. The highlight was a 102-metre interval grading 3.12 g/t gold, including 10.1 g/t gold over 20.5 metres.

In fall 2021, Azimut initiated 20,000-metre program to expand Patwon and assess additional targets on the Elmer property, with a view of incorporating the results in an initial mineral estimate. A total of 26 holes for 19,980 metres have been completed to date, including 31 on Patwon (18,951 metres) and five on surrounding targets.

The company has now reached one of the program’s initial goals, cutting wide mineralized intercepts at depth, and assay results are still pending for three holes. Preliminary observations support the expectation of deep mineralized body. The Patwon zone has been outlined over a strike length of nearly 600 metres, with an average estimated true width of 35 metres.

The latest assays are for seven of the shallower holes, the deepest of which was ELM22-151A, which intercepted visible gold at 2.77 g/t over 8.25 metres (from 732.25 to 740.5 metres), including 19.80 g/t gold over 0.55 metre and 15.30 g/t gold over 0.60 metre. This brings the total number of holes that displayed visible gold grains at Patwon to 13 (out of 31).

Meanwhile, Azimut is also planning a summer core drilling program to test new targets in the vicinity of the Patwon zone to follow up on the 507-hole reverse circulation drilling campaign (for 6,681 metres) completed earlier this year. The company considers that the discovery potential for additional mineralized zones along strike from or subparallel to Patwon is excellent.

For more information, visit www.Azimut-Exploration.com.

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