Azarga Metals 2026 Marg Project Drill Program; Keno Hill District, Yukon
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE TSX-V: AZR
AZARGA METALS 2026 MARG PROJECT DRILL PROGRAM; KENO HILL DISTRICT,
YUKON
June 23 2026 – Vancouver, B.C. – AZARGA METALS CORP. ("Azarga Metals" or the
“Company”) (TSX-V:AZR) is pleased to announce that it has engaged Platinum Diamond
Drilling Inc. to complete a diamond drilling program at the Company’s high-grade, copper-rich
Volcanogenic Massive Sulfide (“VMS”) Marg project (the “ Marg Project ”) located in the prolific
Keno Hill mining district of central Yukon Territory , Canada .
The program is anticipated to commence in August 2026 and is designed to test multiple high -
priority exploration targets identified through previous drilling, geological mapping, geophysical
surveys, and geochemical sampling. Diamond drilling is expected to focus on expanding known
mineralized zones while evaluating new targets with the potential to host significant copper, zinc,
gold, silver, and lead polymetallic mineralization.
• The initial phase of the planned program consists of over 3,000 metres of drilling across
eight priority holes. Drilling will target extensions of previous mineralized intercepts, as
well as several undrilled structural and geochemical anomalies identified during recent
field programs.
• There is potential to extend the current areas defined by drilling that remain open towards
the east, west and down-dip.
• Within the Marg deposit there is one interpreted anticlinal fold hinge,, but potential remains
for further fold-related duplications at depth within the sequence.
Gordon Tainton President and CEO commented: “The MARG VMS deposit demonstrates
exceptional exploration potential, and we are excited to begin this season’s drill campaign, the
first conducted by the Company . Our technical team has developed a focused drill program
targeting extensions of the mineralized system from Azarga's maiden NI 43- 101 resource
estimate in August 2025, which estimated 4.3 Mt of indicated resource grading 2.9% CuEq and
10.0 Mt of inferred resource grading 2.3% CuEq.
We expect drilling to commence in August and continue through early fall of this exploration
season, with assay results anticipated on a rolling basis as they become available from the
laboratory.”
Introduction
The Marg Property is a VMS deposit located in the Central Yukon, approximately 40 km east of
Keno City. Azarga acquired a 100% interest in the 400 mineral claims and approximately 8,400
hectares comprising the property in July 2025 (Figure 1).
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
Figure 1 - Marg mineral claim outline and deposit location
The project benefits from excellent infrastructure, including an air strip, functional base camp,
nearby power corridors, and proximity to established mining operations within the Keno Hill district
of the Yukon.
The deposit was first identified by the Geological Survey of Canada in 1965, with extensive
exploration, including 119 diamond drill holes, conducted by a number of companies between
1965 and 2008. This historical work meets industry standards and is considered to be of good
quality.
Highlights of the Marg Project Mineral Resource, at a 0.5% copper equivalent1 (“CuEq”) cut-off,
are as follows (see news release September 24, 2025):
Category Tonnage
Mt
Cu
%
Pb
%
Zn
%
Ag
g/t
Au
g/t
CuEq1
%
Indicated 4.3 1.3 1.7 3.2 42 0.66 2.9
Inferred 10.0 1.0 1.3 2.6 33 0.54 2.3
1 CuEq is defined in the “About Azarga Metals” section of this press release.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
Deposit Geology
The Marg deposit is located on the northern part of the Marg property, where it is hosted within a
12 km long belt of Devono-Mississippian felsic metavolcanic and metasedimentary rocks
belonging to the Earn Group (Figure 2).
The host rocks to the deposit have been deformed in several phases of folding, with the result
that the original massive sulphide layers commonly lie in a series of sub- parallel lenses. The
sulphide layers, which reach up to 23 metres in thickness where folded in the hinge of the Marg
anticline, have been defined by drilling over a strike length of 1.4 km and a down-dip distance of
700 m (see Figures 3 and 4).
Figure 2 - Local geological plan of the Marg property (northern claim area)
The Marg property also hosts other minerali zed showings, such as the Jane zone and Leyla
showings (Figure 2) . The showings, along with other showings and positive responses from
geophysical surveys across the property, are suggestive of considerable VMS prospectivity on
the Marg property.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
Figure 3 - Map or plan view of Marg deposit geology and historical drilling (drill holes in blue;
location of Figure 4 indicated by green cross-section line)
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
Figure 4 - Cross-section showing interpreted Marg deposit geology (red indicates massive
sulphide horizon) and Marg anticline along with historical drill holes (in blue; for location of
section, see Figure 3).
Drill Hole Planning
The initial phase of the planned program consists of over 3,000 metres of drilling across eight
priority holes. Drilling will target extensions of previously intersected mineralization as well as
several undrilled structural and geochemical anomalies identified during recent field programs .
The figures below (Figures 5, 6, and 7) provide long section, plan and 3D views of the priority drill
holes.
Figure 5 - Marg deposit long section, looking north, with planned drill hole collars and traces (red)
and mineral resource domains (darker shades of green and pink) from 2025 mineral resource
estimate.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
Figure 6 - Marg deposit plan view showing planned drill hole collars and traces (red) with
historical drill hole collars (blue) and mineral resource domains (darker shades of green and pink)
from 2025 mineral resource estimate.
Figure 7 - Marg deposit oblique 3D view to the north-northwest showing planned drill holes (red)
with historical drill collars and traces (blue) and mineral resource domains (darker shades of
green and pink) from 2025 mineral resource estimate.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
Qualified Person
Charles J. Greig, MSC, P. Geo, a Qualified Person as defined by NI 43- 101, has reviewed and
approved the exploration information disclosures contained in this news release.
About Azarga Metals
Azarga Metals is a mineral exploration and development company that owns 100% of the high-
grade copper rich Marg VMS deposit located in central Yukon, Canada. On September 23,
2025, the Company filed a National Instrument 43- 101 - Standard of Disclosures for Mineral
Projects (“NI 43- 101”) independent technical report for a Mineral Resource Estimate on the
Marg Project titled “NI 43 -101 Technical Report for the Marg Property, Yukon Territory” (the
“Marg Report”) dated August 29, 2025, with an effective date of August 29, 2025. The Marg
Report was prepared by independent consultants at IMC Mining Pty Ltd and TruePoint
Exploration. The Marg Report estimated a total of 4.3 Mt of indicated resources grading
2.9% CuEq and 10.0 Mt of inferred resource s grading 2.3% CuEq at a 0.5% copper
equivalent (“CuEq”) cut -off.
CuEq is calculated as: CuEq% = Cu% + 0.1·Pb% + 0.25·Zn% + 0.62·Au (g/t) + 0.007·Ag
(g/t) which was assessed based on the following metal price and recovery assumptions:
Copper: US$9,100/t; 80% recovery, 96.5% payable; Lead: US$1,900/t; 50% recovery, 75%
payable; Zinc: US$2,600/t; 80% recovery, 85% payable; Gold: US$3,000/oz; 50% recovery,
90% payable; and Silver: US$32/oz; 50% recovery, 90% payable.
AZARGA METALS CORP.
Gordon Tainton,
President and Chief Executive Officer
For further information please contact: Ben Meyer , at +1 604 536- 2711 or visit
www.azargametals.com. The address of the corporate office of Azarga Metals is Unit 1 - 15782
Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement:
This news release contains forward-looking statements that are based on the Company’s current
expectations and estimates. Forward- looking statements are frequently characterized by words
such as “expand”, “expect”, “demonstrate”, “outcome”, “continue” “pot ential”, “improve”,
“discover”, “priority”, “significant”, “opportunity”, “compel” “continuity”, “consistent”, “expected”,
“relative”, “comprehensive”, “confident”, “concept”, “unlock”, “identify”, “modest”, and variations of
these words as well as other similar words or statements that certain events or conditions “could”,
“may”, “would” or “will” occur. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ mater ially from
estimated or anticipated events or results implied or expressed in such forward- looking
statements. Such factors include, among others: the actual results of current and planned
exploration activities; the timing of current and planned exploration activities, the potential to
expand the Marg Mineral Resource; the interpretation of other targets , including the Jane Zone
as representing potential mineralized trends, and the potential for extensions to the Marg deposit
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
and other zones; the interpretation that the Marg Project represents a larger mineralized system
encompassing several target zones and the potential that such zones may represent additional
Marg-like deposits; the ability to further improve confidence in the Marg Mineral Resource and
the potential for, and timing of, a larger, updated Mineral Resource; the timing, results and
conclusions of future economic evaluations; the improvement of the Marg Mineral Resource by
future drilling; changes in project parameters as plans to continue to be refined; results of current
and future metallurgical testing; possible variations in grades of mineralization and/or future actual
recovery rates; accidents, labour disputes and other risks of the mining industry; the avail ability
of sufficient funding on terms acceptable to the company to complete the planned work programs;
delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There
may be other factors that cause actions, events or results not to be as anticipated, estimated or
intended. Any forward- looking statement speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a result of new information, future
events or results or otherwise. Forward- looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements due to the
inherent uncertainty therein.