Azarga Metals Samples Five Meters of 32.2G/T Silver and 0.69% Copper Among Other Samples IN Near-Surface Trenching Results
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE
28 February 2017 TSX-V: AZR
AZARGA METALS SAMPLES FIVE METERS OF 32.2G/T SILVER AND 0.69%
COPPER AMONG OTHER SAMPLES IN NEAR-SURFACE TRENCHING RESULTS
AZARGA METALS CORP. ("Azarga Metals" or the “ Company”) (TSX-V:AZR)
announces assay results from channel sampling of trenches at its Unkur Copper-Silver
Project in the Zabaikalsky administrative region of eastern Russia . S amples are
reported from two trenches that were excavated at the project. Two additional trenches
were excavated on the basis of copper staining on surface but fell short of the target t o
intercept mineralization identified by historic trenching. The onset of winter condi tions at
camp precluded continuing undertaking additional trenching during the first phase field
program.
Azarga Metals’ President and CEO Dorian (Dusty) Nicol said, “These trench samples,
together with drill hole and samples announced earlier now define an area of silver -
copper mineralization extending over 3,200 meters in strike length and up to 600 meters
in width , which is still open in all directions. In addition, drilling results suggest the
presence of multiple stacked zones of mineralization. These results of the first phase
exploration program add to our confidence that with continued exploration, Unkur wil l
develop into a significant and high grade silver-copper deposit.”
The C ompany has now received all assays for its first phase exploration program .
Interpretation of these results is ongoing. Azarga Metals has engaged SRK Consulting
(Russia) Ltd. to prepare a maiden NI 43- 101 R esource estimate at Unkur, which is
expected to be completed late in Q1 or early in Q2 of 2017.
TRENCH CHANNEL SAMPLES OF OUTCROPPING MINERALIZATION
Channel samples are reported from each of two trenches located about 400 meters
apart from each other and 200 to 400 meters up- dip to the south -west of the drilling
area. Trench K -615 assayed nine meters at 14.0g/t silver and 0.30% copper (ie,
46.0g/t silver equivalent or 0.43% copper equivalent) including five meters at 20.2 g/t
silver and 0.41% copper (ie. 64.0g/t silver equivalent or 0.60% copper equivalent).
Trench K -616 assayed 11 meters at 16.8g/t silver and 0.4 1% copper (ie, 60.6g/t
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silver equivalent or 0.57% copper equivalent) including five meters at 32.2g/t silver
and 0.69% copper (ie, 106.0g/t silver equivalent or 0.99% copper equivalent) . These
trenches add 200 to 400 meters to the identified width of the recognized mineralization
at Unkur.
Note: copper and silver equivalencies have been calculated using US$17.89/oz silver
price and US$2.79/lb copper price and assuming 100% recoveries.
Note: channel assays are reported as sampled and may not be representative of true
widths. Channels have been sited to attempt to intersect mineralization as close to
perpendicular as possible, but there is not sufficient information about geometry of the
mineralization at this time to estimate true widths. A Quality Assurance / Quality Control
program is part of the sampling program on the Unkur prospect. 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 sampling including check
assays of approximately 10% of the samples by another certified laboratory. Samples
were analyzed at SGS Vostok Limited in Chita, Russia. Check assays will be analyzed
at ALS Geochemistry in Chita, Russia.
FIRST PHASE EXPLORATION UPDATE
The company has now received all assays from drill holes, outcrop and trench sampling
conducted during its first phase exploration program at Unkur. Significant results are
shown on the map.
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UNKUR COPPER-SILVER PROJECT
Azarga Metals owns 60% of the Unkur Copper -Silver Project along with the right to
acquire the remaining 40% in the future.
Sediment-hosted copper and silver mineralization has been identified across the 5,390
hectare project license area, in outcrops, trenches and by historical diamond drilling.
The prior exploration outlined a large area of high- grade shallow stratiform sedim ent
hosted copper-silver 20 to 50 meters thick over an area four to six kilometers long.
Further details concerning Unkur Copper -Silver Project are contained in a technical
report filed by the Company as per its news release of 5 April 2016.
Qualified Person
The Company’s President and Chief Executive Officer, Dorian L. (Dusty) Nicol, B.Sc.
Geo, MA Geo, a Qualified Person as defined by NI 43- 101, has reviewed and approved
the exploration information disclosures contained in this Press Release.
About Azarga Metals Corp.
Azarga Metals is a mineral exploration and development company that owns 60% of the
Unkur Copper-Silver Project in the Zabaikalsky province in eastern Russia.
AZARGA METALS CORP.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
For further information please contact: Doris Meyer, at +1 604 536-2711 ext 6, or visit
www.azargametals.com.
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.
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", "antici pate", "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: t he 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 ore grade or recovery rates; accidents, labour
disputes and other risks of the mining industry; delays in obtaining governmental approvals or f inancing;
and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be
Cautionary Statement:
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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.