Azimut Exploration is preparing a new NI 43-101 mineral resource estimate for the Patwon gold deposit on its Elmer Property in Québec's James Bay region, using results from its 2026 diamond drilling program and the current higher gold price. The 2026 program drilled 10 holes totaling 5,407.05 metres, shorter than the planned 10,000 metres due to severe winter conditions, and intersected additional gold mineralization near the current resource shell. Norda Stelo is preparing the update, expected by the end of 2026; the 2023 estimate at US$1,800 per ounce reported 311,200 ounces indicated and 513,900 ounces inferred. The Elmer structural corridor spans 43 kilometres, including a gold anomaly 3.6 kilometres to the east grading up to 583 g/t Au. Azimut is also advancing its Wabamisk project, where significant drilling is planned for later this year and in 2027.
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