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Azarga Metals Corp.
Summary
| Project: | Unkur | |
|---|---|---|
| Deposit: | Unkur | |
| Location: | Russia | |
| Commodities: | Copper-Silver | |
| Date: | 9/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-9-2016: Azarga Metals Corp. announces an Exploration/Drilling Update report for its Unkur deposit at the Unkur project. Drilling results incl. 16m @ 84.0g/t Ag, 0.79% Cu from 56.5m. AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) anno | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dorian L. Nicol (Internal) | |
| ABSTRACT: | AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) announces assay results from the first two diamond core drill-holes completed at its newly acquired Unkur Copper-Silver Project in the Zabaikalsky administrative region of eastern Russia. Significant mineralization was intersected in both drill holes. Azarga Metals’ president and CEO Dorian L. (Dusty) Nicol commented, "The grade and thickness of these near-surface intersections are very encouraging, particularly the high grade intersection from AM-003. The results compare favorably with historic Soviet-era drilling at Unkur and indicate that, if anything, historic exploration results have understated the size and likely the silver and copper grades of the Unkur deposit.” Drill hole AM-003 was drilled to verify significant and relatively shallow intercepts from historical drilling at the Unkur Copper-Silver Project. AM-007 was drilled approximately 750 meters along strike to the south east of AM-003. Assay results show AM-003 intersected 16 meters at 84.0g/t silver and 0.79% copper (ie, 144.5g/t silver equivalent or 1.89% copper equivalent using US$18.69/oz silver price and US$2.09/lb copper price and assuming 100% recoveries) from 56.5 meters to 72.5 meters. This intersection included a higher grade interval of five meters at 200.4g/t silver and 1.39% copper from 59.5 meters (ie, 306.8g/t silver equivalent or 4.01% copper equivalent using US$18.69/oz silver price and US$2.09/lb copper price and assuming 100% recoveries). | |
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