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Azarga Metals Corp.
Summary
| Project: | Unkur | |
|---|---|---|
| Deposit: | Unkur | |
| Location: | Russia | |
| Commodities: | Copper-Silver | |
| Date: | 4/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-4-2017: Azarga Metals Corp. announces a Resource Estimation report for its Unkur deposit at the Unkur project. Initial mineral resource estimate at Unkur. SRK Consulting (Russia) Ltd. (hereinafter referred to as SRK) was commissioned by Azarga Metals Co | |
| Resources: | (Resource, Inf.): 42Mt @ 0.52% Cu, 38g/t Ag for 480Mlb Cu, 52Moz Ag contained at project | |
| CP/QP: | [Resources]: Robin Simpson (SRK Consulting) | |
| ABSTRACT: | SRK Consulting (Russia) Ltd. (hereinafter referred to as SRK) was commissioned by Azarga Metals Corp. (Azarga Metals) to prepare a report, in accordance with the requirements of National Instrument 43-101, for the Unkur Project, located in the Zabaikalsky Region, Russian Federation. Azarga Metals Corp. holds its interest in the Unkur license through its 60% ownership of Azarga Metals Limited. This technical report summarizes the information available on the Unkur Project and presents the results of the maiden mineral resource estimation. In the opinion of SRK, this property warrants further exploration expenditures. An exploration work program of diamond core drilling and data acquisition is recommended, with the aim of providing sufficient information for preparing a preliminary economic assessment for the project. The main identified zone of copper-silver mineralization (Zone 1) is intersected by 13 drill-holes, two trenches and one sampled outcrop. Leapfrog Geo software was used to construct a wireframe interpretation of Zone 1, at a nominal threshold of 0.10% copper. Approximately parallel to Zone 1, and 100 to 150m southwest, a second zone of mineralization has been interpreted, from two drill intersections, one trench intersection, and one outcrop. This second zone is stratigraphically below Zone 1. Copper and silver grades within the Zone 1 mineralized domain were estimated by 2D Ordinary Kriging. The block size for 2D Kriging was 100 meters north-south and 100 meters vertically. Based on a review the high grade tails of the copper and silver grade distributions, and assessment of how the highest grades were distributed spatially, SRK chose not to apply any grade capping to either the samples or the composites. | |
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