Azimut Exploration (TSXV: AZM; US-OTC: AZMTF) plans to undertake up to 10 concurrent exploration programs across Quebec’s largest portfolio of copper, gold and lithium exploration assets, says president and CEO Jean-Marc Lulin.
The company plans to continue exploring and expanding its lithium footprint, leveraging the geological potential of Quebec for lithium mineralization. He likens the opportunity comparable to the multi-billion-dollar boom that played out in Western Australia in recent years.
The company earmarked about $10 million for the work this year, Lulin told The Northern Miner’s western editor, Henry Lazenby, during the recent AME Roundup convention in Vancouver.
Significantly, $6 million of this budget will be funded by Azimut’s partners, including majors such as Rio Tinto (ASX: RIO).
Lulin discusses the recent highlight first drill results from its Galinée property in the James Bay region, which included an industry-notable intercept of 2.48% lithium oxide over 72.7 metres, and work at the resource-stage Elmer gold property.
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