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Azarga Metals Corp.
Summary
| Project: | Unkur | |
|---|---|---|
| Deposit: | Unkur | |
| Location: | Russia | |
| Commodities: | Silver-Copper | |
| Date: | 10/31/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2016: Azarga Metals Corp. announces an Exploration/Drilling Update report for its Unkur deposit at the Unkur project. Drilling results incl. 10m @ 134.2g/t Ag, 1.63% Cu from 192.5m. AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dorian L. Nicol (Internal) | |
| ABSTRACT: | AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) announces: new assay results from its Unkur Silver-Copper Project in the Zabaikalsky administrative region of eastern Russia; confirmation of a second (previously undiscovered) horizon of significant mineralization; a further expansion of its first phase drilling program to approximately 6,200 cumulative linear meters; identification of visible copper mineralization in two trenches; and the retention of SRK Consulting (Russia) Ltd. (“SRK”) to prepare a maiden NI 43-101 Resource estimate. The Company’s President and CEO Dorian (Dusty) Nicol said, “This announcement summarizes a great deal of progress happening quickly. It is particularly exciting to confirm a second horizon of significant mineralization at Unkur and that we will be doing extra drilling to try to intersect it again.” NEW ASSAYS FROM DRILL-HOLES AM-017, AM-004, AM-013 AND AM-015 Assays from four new drill-holes (AM-017, AM-004, AM-013 and AM-015) have been received. All intersected significant silver and copper mineralization. AM-017 and AM- 004 show higher grade intersections of significant mineralization, whereas AM-013 and AM-015 are lower grade but extend the mineralized strike length by approximately 700 meters to approximately 2.8 kilometers. AM-009 did not intersect mineralization of significance and is believed to have been stopped prior to intersecting the mineralized zone. Samples from AM-009 were not sent for assay. This hole will be re-drilled deeper to target mineralization as part of the ongoing program. A similar situation occurred previously with AM-005, which was redrilled as AM-017, results of which are in this news release. | |
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