Drilling Complete - Assays Pending

AZM/Jean-Marc Lulin has been presenting in Canada over the past several weeks. A presentation he gave on 9th June is on the AZM website.

Observations

• 3 pages devoted to Wapatik
• Drilling complete - assays pending
• Wapatik appears to have been elevated as AZM's second priority behind their 100% Elmer discovery despite AZM ending up with 30% of Wapatik
• AZM would have a very good indication of results from drill core visuals given massive/semi- massive suphildes are easy to identify

Further, AZM/Jean-Marc Lulin gave another presentation in Canada overnight. See Vid Conferences website. Should be able to register to view presentation if interested.

Observations

• Similar presentation
• Spoke for 2.5 minutes on Waptik - exploration history - looking for massive/semi-massive sulphides
• Drilling complete - assays pending - results soon
• JML never smiles however, when started talking re Wapatik - smiled broadly!!!

My take

• AZM will only end up with 30% of Wapatik - why continue to promote if drill results poor/average?
• AZM would clearly know the extent/metreage of any massive/semi-massive sulphides in drill core - just not actual grade. Fact they are promoting is a great sign
• AZM appear to view Wapatik as their second priority behind Elmer. This would not be the case if results where likely to underwhelm given they have over 30 other projects
• Based on above good chance exciting drill results are pending

Just my take so please DYOR.