Drilling Update from Azarga Metals’ 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
NOVEMBER 13, 2019 TSX-V: AZR
DRILLING UPDATE FROM AZARGA METALS’ UNKUR COPPER-SILVER PROJECT
AZARGA METALS CORP. ("Azarga Metals " or the “ Company”) (TSX-V:AZR) reports the
ongoing diamond drilling program on its Unkur Copper-Silver Project in Eastern Russia is making
good progress with over 1,000 meters completed to date of the 6,000 meter program. Two recent
drill holes numbered AM19 -002 and AM19 -003b which were drilled at Unkur Southeast target,
two kilometers southeast of the current Inferred Resource (see Figure 1 below) intercepted copper
sulphide mineralization. This is an area that was identified by the recently completed magnetic
survey and appears to verify the interpretation that mineralization at Unkur is located between
magnetic highs and magnetic lows (see details in October 17, 2019 news release).
Dr. Alexander Yakubchuk, VP Exploration observed the core from these two drill holes and said:
“The copper sulphide seen in drill holes AM19 -002 and AM19-003b are encouraging and
appear to support our interpretation of the recent geophysical surveys. If the assay results
show significant copper and silver grade , this will extend the known envelope of
mineralization quite some distance to the southeast at Unkur and bodes well for the drilling
of other areas extending over several kilometers identified as drill targets in the magnetic
survey.”
Figure 1. Reduced-to-pole magnetic map showing position of 2016 Inferred Resource shells and 2019
drill holes AM19-002 and AM19-003b.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
The copper sulphide minerals seen in drill holes AM19 -002 and AM19 -003b are dominated by
chalcopyrite visually logged between 310 to 355 meters (45 meter interval) in drill hole AM19-002
and between 158 and 210 meters (52 meter interval) in AM19-003b, with bornite and chalcocite
also observed over narrow intervals of 5 meters in each of the holes. These two holes were drilled
on the same cross-section (see Figure 2 below) and the thicker intersection of mineralization seen
in AM19 -003b suggests that the mineralized zone is becoming thicker up -dip – closer to the
surface. The Unkur Southeast mineralization seen in these holes is interpreted by Azarga Metals
geological staff as occurring at the same stratigraphic level as Zone 1 in the current Inferred
Resource which was emplaced at the top of the magnetite -enriched sandstone and is therefore
interpreted as a southeastern extension of Zone 1.
Figure 2. Stylized preliminary cross-section through drill holes AM19-002 and AM19-003b, showing
hosting lithologies and configuration of the copper sulphide envelope based on visual logging and
historical drill holes C-111 and C-112.
First assays from the current Unkur drilling program are expected to be received in mid-December
2019 and given the scale of the overall program, drilling is expected to continue through the first
quarter of 2020.
121 MINING INVESTMENT LONDON
Michael Hopley (President and CEO) and Dr. Alexander Yakubchuk (VP Exploration) will be
meeting investors at the 121 Mining Investment conference in London on November 20 and 21st.
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
Qualified Person
Azarga Metals’ President and CEO Michael Hopley, 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 Prelimi nary 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.