Azimut Exploration Inc. announced the discovery of nickel-copper massive sulphide mineralization during its maiden diamond drilling program on the Wapatik Property ("the Property"). Associated with an ultramafic intrusion, the mineralized interval corresponds to an electromagnetic conductor with excellent chances for expansion. A minimum 6-hole (1,050-metre) follow-up program is already underway to further delineate the shape and extent of this discovery.

Other attractive targets within the intrusion may also be drill-tested. The Property, located in the Eeyou Istchee James Bay region of Quebec, is under option to Mont Royal Resources Limited. Mont Royal can acquire an initial 50% interest in the Property by spending $4 million in exploration expenditures over four (4) years and can earn a further 20% interest with an additional investment of $3 million and the delivery of a preliminary economic assessment over three (3) years.

Azimut is the operator. 2.68% Ni, 1.30% Cu, 0.09% Co over 3.30 m from 143.4 m to 146.7 m along hole WAP22-003 (vertical depth of 110 metres), including: 3.63% Ni, 0.48% Cu, 0.12% Co over 1.0 m, and 3.04% Ni, 0.75% Cu, 0.10% Co over 1.1 m. This initial drilling interval is one of the best nickel-copper results recorded in the James Bay region, based on public data (SIGEOM). It strongly supports Azimut's view that the region is underexplored for nickel- copper deposits despite its favorable geological context.

The massive to semi-massive sulphide mineralization in the interval comprises coarse-grained pentlandite, chalcopyrite and pyrrhotite. It displays brecciated textures containing angular to subangular fragments of ultramafic rocks and metasediments. The mineralized section is schematically positioned at the interface between overlying ultramafic intrusive rocks and underlying foliated host rocks dominated by pyrrhotite-bearing metasediments.