Azimut Exploration Inc AZMTF

Perfect setup for positive PR's for Elmer & Rex!

[redbarchetta]

JML couldn't ask for a better environment to deliver news across both projects. 
With Elmer, we're well ahead of most jr's with what is likely 2M ounces soon to be in 43-101 BUT the market is waiting on bated breath so see whether:
1) This is district play - whether other portions of Elmer are pregnant with the same endowment &  mineralization &...
2) Whether this is indeed an orogenic deposit, that potends to richer endowment at depth

This is no small feat to accomplish, but the stock would go (near) parabolic if both are devlivered. Few are the projetcs that check all of the boxes AND have circa 2M ounces of HG gold in a politically stable country already in hand, with power lines and roads already present.  

However, I don't want to imagine why things have taken this long and one part of me distrusts the calm, and reminds me that perhaps a global picture (NR) containing all holes was the preferred route because no stellar holes were in hand - as these would have been reported to support the share price and increase eyes on the stock (if it were the case) as they did with the new shear zone south of ELMER. Yet, Gabbro is on stike to this new discovery with it's utra HG samples..., and the eternal optimist in me gets excited at the new zone potential.  Whatever the case, I'm nearing my limits, and patience is ebbing, so JML if you're reading this...
please get off your office couch and deliver some news already.
Communication is evidently NOT your forte.

Pending assay results

• The final assay results from the previous drill program completed in June 2021 (!!!!!) are expected shortly (??)  from AGAT Laboratories. Azimut's management believes that the assay results from Patwon thus far provide strong enough indication of geometric and grade continuity to continue delineation drilling on the gold zone exactly as planned.
• Pending assay results from the summer program comprise 202 grab samples, 116 channel samples and 193 till sample

https://stockhouse.com/news/press-releases/2021/10/18/azimut-commences-a-20-000-metre-drilling-program-advancing-toward-a-maiden-gold

[Nak1964]

Red, I salute your optimism but 25 years of experience tells me that the positive script at this stage is highly doubtful. More reasonable script is that they are sitting on mediocre results on the other Elmer targets with the hope that current drilling at depth on Patwon can save the project and make the next press releases looks better. But I am looking forward to be proved wrong.

[redbarchetta]

You may right. The lack of volume this past 2-3 months, coupled with it's inability to stay above $1.50 has me concerned. Bad results could easily sell this off to $1.10-$1.25 range again, while a surprise would take it over $2- $2.50. The former scenario would make AZM one of the cheapest known stocks with a 2 Million HG ounce deposit -to date- in the Jr space.   However, JML did

[glory7]

Paradigm the big investor at 2.45$ and more at a lesser price hasn't sold anything ? I have lots but wonder why no news only to go back to where they started from. Pathetic.

[Frank2015]

Red, my feeling now is either we end-up at .80$ with the next drill results or 15$. I think they have in hand a lot of drill results that speaks a lot: 32 drill holes from april-june 2021 campaign on Elmer not release yet and drilling results from Patwon at depth (since october 2021). Are they active now on Patwon? We don't even know that which is troubling....

[MoonWatcher]

It appears we are walking along the edge of a cliff every 4 to 6 months here, it's uncanny, their method of drilling to save money seems to also be a hindrance, they sure don't like to update shareholders, it's almost like a semi-private company? Thought the new lab would give us somewhat of a better turnaround time. If they are holding on to results and never mentioning them again, it