Azarga Metals Reports More Results FOR Unkur Copper-Silver Project
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE
April 9, 2020 TSX-V: AZR
AZARGA METALS REPORTS MORE RESULTS FOR UNKUR COPPER-SILVER PROJECT
HIGHLIGHTS
2019-2020 phase 2 drilling results to date demonstrate:
• Copper-silver mineralization is now consistently drill-confirmed over a strike length
of 5.5 kilometers – an extension of 2.1 kilometers over the previous strike
• Oxide copper-silver mineralization extends over a 4.5-kilometer strike length and to
180-190 meters depth
• Sulphide copper-silver mineralization remains open at a depth below 500 meters
and along strike
AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) reports that the
worldwide coronavirus pandemic has not affected exploration activities on its Unkur Copper-Silver
Project in Eastern Russia. The 2019 -2020 Phase 2 drilling program has recently been finished
after completion of the 15 th drill hole for a total of 5,57 2 cumulative meters of new drilling.
Complete assay results have now been received for seven more drill -holes in addition to the
previously reported four holes (see press release February 11, 2020). Assays remain pending for
four additional holes.
Dr. Alexander Yakubchuk, VP Exploration observed the core from these drill-holes and said: “All
reported drill-holes intercepted stratabound copper-silver mineralization within the clastic
rocks sequence between the rocks with calcareous cement (above) and non-calcareous
cement (beneath). In this drilling program we have defined the extent of oxide
mineralization to a downhole depth of approximately 180-190 meters and a strike length of
approximately 4.5 kilometers. Sulphide mineralization was consistently intercepted below
the base of the oxide.”
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
Figure 1. Drill-hole location map and position of copper-silver mineralization on reduced-to-pole grey-scale
magnetic image of Unkur.
AM19-005 and 006 are infill drill-holes which aimed to test a higher-grade domain in the north of
the current Resource envelope (see Figure 1 above) as well as collecting unoxidized material for
metallurgical test work. Together with other drill holes in the area (e.g., AM19-004 and 2016 drill-
holes AM001, AM003, AM004, AM017, and AM020), these new drill-hole results (Table 1) outline
a +0.5% Cu envelope, which is more than 1 ,200 meters long and some 400 m eters deep (see
Figure 2 below). This envelope remains open to the north and the Company has tested this area
with subsequent drill holes although results are not yet available.
Drill-holes AM19-008, AM19-009, AM19-010 and AM19-011 were drilled to test the southeast and
down dip extension of the current resource envelope following the results of a magnetic survey
conducted on the property in September 2019. Results of these drill holes (Table 1) along with
drill holes AM19-002 and AM19-003b (see press release February 11, 2020) show that copper -
silver mineralization appears to extend for at least 2 km to the southeast of the current resource
envelope. Azarga has drilled this extension in drill fences some 420 to 450 m apart during the
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
completed exploration program. The total strike length of the drill-confirmed mineralized envelope
has now reached 5.5 km (Figure 2). Within this envelope, oxide mineralization was intercepted
along the strike length of 4.5 km to a depth of 180-190 m. Copper and silver grades appear to be
similar in oxide and sulphide material.
Table 1 SUMMARY OF NEW AASAYS FROM RECENT DRILLING
Drill-hole From,
meters
To,
meters
Interval,
meters
Copper, % Silver, g/t
AM19-005* 247 269 22 0.74 55
including 257 266 9 1.34 99.4
AM19-006* 305 340 35 0.36 24.3
including 313 323 10 1.00 56.5
AM19-008 328.8 340.8 12 0.17 2.7
AM19-009 231 241 10 0.19 3.9
AM19-010 65 83 18 0.27 7.7
including 68 82 14 0.32 9.3
AM19-011 151 192 41 0.16 5.3
Notes to Table: *Partial assays were reported on February 11, 2020 for these drill holes; the results above
are now updated to include all final assays. There was only weak mineralization logged and assayed in
drillhole AM19-007. All assays presented are uncapped.
Figure 2. Position of +0.5% Cu domains within the NI 43- 101 and extended Cu-Ag mineralized envelopes
at Unkur. TOS is top of sulphide.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
Important Notes to News Release
1. A Quality Assurance/Quality Control program was part of the drilling program on the Unkur
Project. This program includes chain of custody protocols as well as systematic submittals
of standards, duplicates and blank samples into the flow of samples produced by the
drilling.
2. Samples were prepared and analyzed at SGS Vostok Limited and ALS Chita
laboratories, both in Chita, Russia.
3. True thickness is estimated to be 80 to 90% of the reported drill intervals.
4. The results of the Unkur Project drilling program have been reviewed by Michael J. Hopley
the Qualified Person for Azarga Metals Corp. Mr. Hopley is President and Chief Executive
Officer of Azarga Metals Corp. and is a Qualified Person as defined by NI 43-101, verifies
the data disclosed and has reviewed and approved the disclosure contained in this Press
Release.
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. On completion
of a first phase physical exploration program in 2016- 2018, the Company estimated an Inferred
Resource of 62 million tonnes at 0.53% copper and 38.6g/t silver for the project in the report
entitled “Technical Report and Preliminary Economic Assessment for the Unkur Copper -Silver
Project, Kodar-Udokan, Russian Federation” dated effective 30, August 2018 authored by Tetra
Tech Mining & Minerals. 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
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
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 current planned exploration
activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be
refined; possible variations in mineralization grade or recovery rates; accidents, labor disputes and other
risks of the mining industry; delays in obtaining governmental appr ovals 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 a guarantee of future performance and accordingly undue
reliance should not be put on such statements due to the inherent uncertainty therein.