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Azarga Metals Corp.
Summary
| Project: | Unkur | |
|---|---|---|
| Deposit: | Unkur | |
| Location: | Russia | |
| Commodities: | Copper-Silver | |
| Date: | 9/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-9-2016: Azarga Metals Corp. announces an Exploration/Drilling Update report for its Unkur deposit at the Unkur project. Drilling results incl. 40m @ 65.9g/t Ag, 0.74% Cu from 82.5m. AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) an | |
| 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 drill-hole AM-001 at its Unkur Silver-Copper Project in the Zabaikalsky administrative region of eastern Russia. AM-001 interesected 40 meters at 65.9g/t silver and 0.74% copper (ie, 124.1g/t silver equivalent or 1.58% copper equivalent using US$18.84/oz silver price and US$2.16/lb copper price and assuming 100% recoveries) from 82.5 meters to 122.5 meters. Azarga Metals’ president and CEO Dorian L. (Dusty) Nicol commented, "AM-001 exceeded expectations in terms of both thickness and grades. In particular, we are seeing the silver potential being confirmed compared to the historical data that had less information available for silver vis-à-vis copper.” AM-001’s location extends the strike length a further 300 meters further north-northwest of previously reported drill-hole AM-003, which intersected 16 meters at 84.0 g/t silver and 0.79% copper (see news release dated 1 September 2016). The results from AM-001 are extremely encouraging. It was drilled to confirm the results of historic hole C-118 which reported an intersection of 23 meters at 0.73% copper with no silver assay recorded. The historic hole had only 40% core recovery and the results from hole AM-001 (which had 95% core recovery) support the contention that historic drilling may have understated thickness and grade of the Unkur mineralization. | |
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