AZIMUT EXPLORATION INC. Hole GAL24-025 intersected a 166.1-metre-thick envelope containing two broad intervals of spodumenerich pegmatite of 92.1 m and 56.55 m separated by 17.45 m of amphibolite (cumulative thickness of 148.65 m).
The visual drill results represent material progress in the ongoing delineation of the Galinee discovery. The possible spatial convergence on Galinee of the Main and Footwall zones identified on the adjacent Adina project (
The current drilling phase was designed to further define and expand the high-grade lithium zone discovered during the maiden program in late 2023. Ten (10) holes have been drilled to date for a total of 2,569.65 metres and drilling is still ongoing. Initially planned as 2,500 metres, the program will be expanded early this summer, following the Goose Break Holiday, a traditional First Nations hunting period.
HIGHLIGHTS Significant spodumene-bearing intercepts from the ongoing program are as follows (visual observations, downhole lengths, assays pending): Hole GAL24-018: 34.45 metres (from 158.15 m to 192.6 m): pegmatite with up to 15% spodumene, including 40% spodumene over 4.5 metres (from 165 m to 169.5 m); one amphibolite intercalation of 1.35 metres is present within this interval. 8.3 metres (from 213.5 m to 221.8 m): pegmatite with up to 30% spodumene. Hole GAL24-020: 71.85 metres (from 75.85 m to 147.7 m): pegmatite with up to 40% spodumene, including a strongly mineralized section with up to 70% spodumene over 14.6 metres (from 108 m to 122.6 m), with giant crystals reaching up to 1.4 metres. Hole GAL24-022: 42 metres (from 132.7 m to 174.7 m): pegmatite with variable spodumene contents, including a 40% to 50% spodumene-rich section over 14.8 metres (from 135.2 m to 150 m). Hole GAL24-023: 20.9 metres (from 104.9 m to 125.8 m): pegmatite with 15% to 20% spodumene. 8 metres (from 130.3 m to 138.3 m): pegmatite with 20% to 25% spodumene. Hole GAL24-025: 92.1 metres (from 207.9 m to 300 m): pegmatite with 15% to 30% spodumene; coarse to giant spodumene crystals reaching up to 1.65 metres; two amphibolite intercalations totalling 4.6 m are also present within this interval. 56.55 metres (from 317.45 m to 374 m): pegmatite with 10% to 30% coarse spodumene; three amphibolite intercalations totalling 4.8 m are also present within this interval. The lithium content of the spodumene mineralization can only be accurately determined by assay analysis. The true widths of the drill intervals are undetermined at this stage. Holes GAL24-019A, -021, -024 and -026 display weak or no mineralization. Hole 24-019 was abandoned due to drilling difficulties. Material Progress for the Galinee Discovery Visual observations from the ongoing drilling program confirm a sizeable mineralized system at Galinee and better define the geometry of the mineralized zone: Currently, the lithium zone has a strike length of 700 metres and trends roughly east-west. It remains largely open on the Property to the east and south. The variability in thickness and grade is as expected for these types of pegmatitic bodies. The discovery at Galinee likely represents the southern extension of the Adina deposit on the adjacent Adina project belonging to
Mineralization Characteristics
Spodumene crystals generally range from a few centimetres to half a metre long but occasionally reach gigantic sizes (up to 1.65 m). The colour ranges from whitish, greyish-beige to greenish-beige. A portable LIBS (Laser Induced Breakdown Spectroscopy) analyzer was used to confirm the presence of lithium. Other associated minerals include quartz, white feldspar, tourmaline and, less frequently, garnet, apatite, lepidolite and tantalite. Holmquistite, a typical lithium-bearing amphibole formed at the margins of lithium-rich pegmatites, is also observed.
About the Galinee Property
The Galinee project (649 claims, 335 km2 ) is a 50/50 joint venture between
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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 from the Galinee 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, 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.
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