Azarga Metals Commences Field Work at Its Unkur Copper-Silver Project, Eastern Russia
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE
AUGUST 6, 2019 TSX-V: AZR
AZARGA METALS COMMENCES FIELD WORK AT ITS UNKUR COPPER-SILVER
PROJECT, EASTERN RUSSIA
AZARGA METALS CORP. ("Azarga Metals" or the “ Company”) (TSX-V:AZR) reports that a
geophysical survey and other field work at the Unkur Copper-Silver Project in Eastern Russia
have commenced following a recent visit to the property earlier this month by Michael Hopley
(President and C.E.O.) and Dr. Alexander Yakubchuk (V.P. Exploration).
Michael Hopley, President and CEO of Azarga Metals comments: “The mineralization at Unkur
seen in the field visit with Dr. Yakubchuk is impressive both in outcrop and in drill core.
On the ground I was also pleased to see the amount of work achieved by the Soviet era
exploration programs in which multiple zones of mineralization were discovered in a
property-wide reconnaissance and trenching program”.
Mr. Hopley went on to say “ I was struck with the large-scale widespread nature of the
mineralization at Unkur and, based on Dr. Yakubchuk’s familiarities with the other deposits
in the area, with the many apparent geological similarities to the giant Udokan deposit
where the mine is currently being constructed by the owners Baikal Mining Company and
which is reported to contain 24 million tonnes of copper and is located just 30 km to the
south of Unkur”.
Magnetic survey data exists over the northwest part ( representing about 2 0%) of the Unkur
property – where all of the previous drilling and all of the current resources are located. There is
an obvious strong spatial correlation between zones of copper-silver mineralization at Unkur with
zones of contrast between magnetic highs and lows and this correlation was used successfully in
guiding the 2016/2017 drilling program (see details in June 26, 2019 AZR news release) which is
the basis of the current resources (see below for more detail). It is therefore important to have the
remaining part of the property covered with a magnetic survey in order to guide the upcoming
6,000 meter drilling program expected to start this autumn.
The geophysical survey will also include a 28 line-kilometers induced polarization survey that is
expected to define new zones of copper -silver mineralization and assist in designing the
upcoming drilling program.
The sub-contractor should finish the geophysical surveys by the end of September 2019, although
partial results will be made available to the Company periodically.
Other ongoing field operations currently underway at Unkur include detailed re-logging of the drill
core from the 2016 –2017 season for a more complete understanding of the controls of
mineralization and the relationship between the sedimentary rocks hosting the copper-silver
mineralization and the highly magnetic hematite-magnetite rich sedimentary units.
Page 2
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
About Azarga Metals Corp.
Azarga Metals is a mineral exploration and development company that owns 100% of the Unkur
Copper-Silver Project in the Zabaikalsky administrative region in eastern Russia. Unkur is a
copper-silver discovery of global significance. On completion of a first phase physical exploration
program in 2016-2018, the Company reported an NI43-101 Inferred Resource of 62 million tonnes
at 0.53% copper and 38.6g/t silver for the project (see news release 15 October 2018) . The
Resource remains open in both directions along strike and down-dip.
AZARGA METALS CORP.
"Michael Hopley"
Michael Hopley,
President and Chief Executive Officer
For further information please contact: Doris Meyer, at +1 604 536-2711 ext. 6, visit
www.azargametals.com, or follow us on Twitter @AzargaMetals. The address of the head
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 Corporation's current
expectations and estimates. Forward -looking statements are frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" 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 materially from estimated or anticipated events or results implied or expressed in such forward -
looking statements. Such factors include, among others: the actual results of curren t planned exploration
activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be
refined; possible variations in ore grade or recovery rates; accidents, labor disputes and other risks of the
mining industry; 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 Corporation 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.