Azimut Exploration Inc (CVE: AZM) (OTCMKTS: AZMTF) has what it believes is one of the most extensive antimony-bearing systems in Canada.
Following the latest diamond drilling at the junior’s Wabamisk property in Quebec, the company says it has outlined a 1.8-kilometre antimony and gold anomaly. It is estimated to have a vertical depth of 250 metres and is open in all directions, Azimut specified.
The ‘Fortin Zone’ was first discovered last year and has been a key exploration focus as antimony continues to experience a resurgence in popularity. A total of 86 holes totalling over 12,200 metres have been drilled in the zone and surrounding area.
“Azimut is advancing its delineation of the Fortin Zone in the context of a tightening global supply triggered by China’s export restrictions,” the company highlighted in a press release on Oct. 23.
A drill campaign will continue at the Fortin Zone and its neighbouring target areas in 2026.
In one of the latest holes, Azimut intercepted 0.89 per cent antimony (Sb) and 0.65 grams per tonne gold over 41.9 metres. This core sample contained a high-grade interval yielding 2.69 per cent Sb within 5 metres.
These grades are favourable but inferior to recent drill results coming out of Nevada, USA. This month, NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) reported intercepting up to 8.9 per cent antimony in the state.
Canada’s most significant antimony deposits include Lake George in New Brunswick, currently being explored by Hertz Energy Inc (CNSX: HZ) (OTCMKTS: HZLIF) (FRA: A340); Ontario’s Howells Lake deposit, acquired by Critical One Energy Inc (CNSX: CRTL) (OTCMKTS: MMTLF) (FRA: 4EF) last year; and West Gore in Nova Scotia, under development by Military Metals Corp (CNSX: MILI) (OTCMKTS: MILIF) (FRA: QN90).
Read more: NevGold targets U.S. critical mineral supply chain with new antimony-gold find
Analysts explored Azimut’s Quebec properties in Q2
In early June, Azimut welcomed mining analyst Joe Mazumdar from the investment newsletter ‘Exploration Insights’ to the Wabamisk, Elmer and Kukamas properties.
He was joined by Neil Adshead from Centerra Gold Inc. (TSE: CG) (NYSE: CGAU) (FRA: GOU). They examined the geological potential of the sites, which are prospective for antimony, gold, silver, copper, nickel, zinc and platinum group elements.
Centerra and Agnico Eagle Mines Ltd (TSE: AEM) (NYSE: AEM) (FRA: AE9) are currently leading shareholders in Azimut, holding a 9.9 per cent and 11 per cent stake, respectively.
Azimut is known to use a proprietary exploration technique called AZTechMine. It is a unique data processing and analytics methodology that Azimut utilizes on large-scale geoscientific data pools to generate exploration targets.
“Since 2003, the company has mastered this stochastic technique to obtain a big-picture view over vast regions,” Azimut has explained. “It can be fine-tuned to precisely model the signature of undiscovered mineral deposits.”
Azimut was established in 1986 and is headquartered in Quebec. It has the largest exploration portfolio of any company in the province.
Read more: NevGold Expands Gold-Antimony Potential at Limousine Butte in Nevada
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