Azimut Exploration Inc. provided an update on the exploration program planned for the Pilipas Property in the Eeyou Istchee James Bay region of Quebec, Canada. Ophir Gold Corp. as operator under the option agreement previously announced has scheduled an inaugural lithium-focused surface exploration program on the Property.

Expected to start on May 20, 2024, this work will evaluate numerous priority targets identified by Ophir during a data compilation and satellite imagery analysis completed on the Property. The field activities will consist of three to four weeks of geological prospecting, rock sampling, and mapping, as well as the completion and interpretation of a Property-wide LiDAR and orthophoto survey. A total budget of approximatively $500,000 was presented to the Company for this work program.

The results from the initial phase will be used to prioritize targets for drill testing later in the field season. The Pilipas Property (135 claims, 70.7 km2) is located along the Billy-Diamond Highway and adjacent to the Munischiwan project (Azimut ­ SOQUEM JV) and Elmer East project (Quebec Precious Metal Corporation). Pilipas is underlain by the Lower Eastmain greenstone belt, part of the La Grande Sub-province of the Archean Superior Province.

Pilipas displays significant exploration potential for lithium-cesium-tantalum (LCT) pegmatites as well as for intrusion-related and volcanogenic massive sulphides gold-copper systems. Under the option agreement signed in December 2023, Ophir can acquire up to a 70% interest in the Property by funding $4 million in exploration expenditures, and by making payments totalling 6 million in shares of Ophir and $100,000 in cash.