- Azimut Exploration (AZM) is now finished with a review of the lithium exploration potential of one of its properties
- The Quebec-based mineral exploration firm conduced the review in the Eeyou Istchee James Bay region of the province
- It holds an extensive portfolio of land in the region
- It identified six of its properties as highly prospective for lithium
- Azimut Exploration is up 23.42 percent, trading at $1.37 at 11:33 a.m. EST
Azimut Exploration (AZM) is now finished with a review of the lithium exploration potential of one of its properties.
The Quebec-based mineral exploration firm conduced the review in the Eeyou Istchee James Bay region of the province, where it holds an extensive multi-commodity property portfolio.
It identified six of its properties as highly prospective for lithium.
Two of the company’s properties are part of a joint venture with SOQUEM Inc. Both are positioned in the immediate vicinity of recent lithium discoveries.
Azimut’s Corvet Property and Kaanaayaa Property display significant lithium exploration potential supported by data analysis. The company owns a 100-percent stake in both land packages.
“This regional analysis extracted many prospective targets with even stronger footprints, most of which Azimut has acquired but will need to validate through fieldwork. Based on this assessment, the James Bay region truly appears to be an emerging mineral province for lithium. The region shares several features in common with large spodumene-bearing pegmatite districts worldwide, especially Western Australia, with comparable tectonic-metamorphic frameworks, ages and host lithology,” the company said in a news release.
The company completed a lithium potential assessment covering 1,169,080 square kilometres at the scale of the province of Quebec and over 154,555 square kilometres at the scale of the James Bay region.
Azimut Exploration is up 23.42 percent, trading at $1.37 at 11:33 a.m. EST.
