The Company's current 15,000-metre (60 holes) diamond drilling program at Elmer has resulted in 10,149 metres drilled to date (35 holes completed, two in progress).
This drilling program is designed to: 1. Expand the Patwon discovery with 10,000 metres (30 holes); 2. Test 10 high-quality targets in the vicinity of Patwon with 5,000 metres (30 holes).
The most significant results from the first 10 holes at Patwon include: Hole ELM21-066 7.84g/t Au over 9.8 m (from 142.8 m to 152.6 m) incl. 39.81 g/t Au over 1.8 m
Hole ELM21-070 4.43 g/t Au over 46.05 m (from 264.45 m to 310.5 m) incl. 21.6 g/t Au over 6.0 m
Hole ELM21 071A 5.47 g/t Au over 33.6 m (from 329.4 m to 363 m) incl. 25.91 g/t Au over 5.35 m, and
4.08 g/t Au over 18.6 m (from 410.5 m to 429.1 m) incl. 13.22 g/t Au over 2.15 m
Hole ELM21-072 6.43 g/t Au over 40.6 m (from 287.9 m to 328.5 m) incl. 12.98 g/t Au over 15.2 m
KEY FACTS
These new results mark a significant step forward in the delineation of the Patwon gold discovery, confirming its robustness and strong growth potential.
Exploring during a pandemic
In the COVID-19 pandemic context,
Drilling Contract and Analytical Protocols
The drilling contract was awarded to
About
The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system), enhanced by extensive exploration know-how.
Cautionary note regarding forward-looking statements
This press release contains forward-looking statements, which reflect the Company's current expectations regarding future events related to the drilling results at the Elmer 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. There are many factors that could cause such differences, particularly volatility and sensitivity to market metal prices, impact of change 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, including COVID-19, 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.
Contact:
Tel: (450) 646-3015
Fax: (450) 646-3045
Email: info@azimut-exploration.com
Web: www.azimut-exploration.com
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