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Azarga Metals Corp.
Summary
| Project: | Unkur | |
|---|---|---|
| Deposit: | Unkur | |
| Location: | Russia | |
| Commodities: | Copper-Silver | |
| Date: | 2/11/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-2-2020: Azarga Metals Corp. announces an Exploration/Drilling Update report for its Unkur deposit at the Unkur project. Drilling results incl. 86m @ 0.60% Cu, 57.6g/t Ag from 194m. AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) repo | |
| Resources: | (Resource, Inf.): 62Mt @ 0.53% Cu, 38.60g/t Ag for 328.6Kt Cu, 76.88Moz Ag contained | |
| CP/QP: | [Overall Report]: Michael J. Hopley (Internal) | |
| ABSTRACT: | AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) reports that it has received assay results from the first six drill holes from the ongoing 6,000 meter drilling program on its Unkur Copper-Silver Project in Eastern Russia. These results indicate the possibility of expanding the mineralized envelope at Unkur at depth and along strike. Dr. Alexander Yakubchuk, VP Exploration observed the core from these drill holes and said: “Drill-hole AM19-004 has discovered the widest intercept of mineralization to date at Unkur. The mineralization in this hole consists of chalcopyrite-bornite-chalcocite material with two subintervals of 15m with an average grade of 0.84% copper and 43.9g/t silver, and 32m with an average grade of 1.02% copper and 128.7g/t silver. These results are supported by similar mineralization with partially received assays for holes AM19-005 and AM19-006, together with the 2016 drilling results indicating the presence of higher than the average of the resource grade mineralization extending over 1,200m in length and 400m down dip in the northern part of the current resource envelope. This suggests that it may be possible to expand the mineralized envelope at this location. Furthermore, drill holes AM19-002 and AM19-003b intercepted copper-silver mineralization some 2km southeast from the current resource envelope indicating a strong possibility for its expansion to the southeast as well.” | |
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