Azarga Starts Reconnaissance Geochemical Exploration at Unkur
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE
OCTOBER 15, 2020 TSX-V: AZR
AZARGA STARTS RECONNAISSANCE GEOCHEMICAL EXPLORATION AT
UNKUR
AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) reports
that a reconnaissance geochemical exploration program has started on its 100% owned
Unkur Copper-Silver Project (the “Project”) located in Eastern Russia. The object of the
work is to identify additional areas of copper and silver mineralization outside of the
current Mineral Resource and its extension, particularly on the eastern side of the 5,390
hectare property, which remains underexplored.
Michael Hopley, President and CEO said: “ Azarga’s recent work at Unkur has been
focused on the western side of the property , on the western limb of the Unkur syncline.
However, historical work, particularly historical trenching, showed the existence of copper
and silver mineralization in the eastern half of the property on what could be an e astern
limb of the Unkur syncline as can be seen in the map below. The field team will spend the
next few weeks with a portable mineral (XRF) analyzer searching for evidence of copper
and silver mineralization to develop additional targets for follow-up drilling.”
Figure. A satellite image of Unkur, showing four prospects (Kemen, Kemen North, Unkur SW1 and Unkur
SW2) selected for the 2020 geochemical program against the extent of moraine, drill-proven and interpreted
copper-silver mineralization.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
The work program is being conducted by Unkur Project Manager Viktor Adyrkhaev, under
the supervision of VP Exploration Dr. Alexander Yakubchuk. Initial r esults of the
reconnaissance program should be available by late-November.
In additional to the commencement of these geochemical and reconnaissance works,
Azarga Metals’ independent consultant continue to work on an updated NI43-101 Mineral
Resource estimate for the Project. The updated Mineral Resource estimate will include
data from the 15 drill-holes (5,572 meters) drilled in the 2019-2020 drilling program, which
extended the known mineralized strike on the western side of the Project by
approximately 90%. The results of the updated Mineral Resource estimate will be
published when finalized.
Qualified Person
Azarga Metals’ President and CEO Michael Hopley, a Qualified Person as defined by NI
43-101, verified 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 August 30, 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 ter m is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
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 express ed 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 variati ons in mineralization 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, event s 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.