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Azarga Metals unveils widest mineralized intercept to date from Unkur copper, silver project

The firm has received assays from the first six holes of an ongoing 6,000 metre program, it said

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Azarga has reported an intercept of 86 m of mineralization with an average grade of 0.6% copper and over 57.6 g/t silver

Azarga Metals Corp (CVE:AZR) said initial drill results from its Unkur copper-silver project in Russia has shown the potential for extending mineralization at depth and along strike. 

The firm has received assays from the first six holes of an ongoing 6,000 metre (m) program, which included the widest intercept of mineralization discovered so far. 

READ: Azarga Metals hits copper sulphide in two holes at Unkur project

This was, namely, an intercept of 86 m of mineralization, with an average grade of 0.6% copper and over 57.6 grams per ton (g/t) silver.

"The mineralization in this hole consists of chalcopyrite-bornite-chalcocite material with two subintervals of 15m with an average grade of 0.84% copper and 43.9g/t silver, and 32m with an average grade of 1.02% copper and 128.7g/t silver," noted Dr Alexander Yakubchuk, the vice-president of exploration at Azarga.

Yakubchuk said these results were supported by similar mineralization with partially received assays for another two holes, together with 2016 drilling results, which showed the presence of higher than the average of the resource grade mineralization extending over 1,200m in length and 400m down dip in the northern part of the current resource envelope.

"This suggests that it may be possible to expand the mineralized envelope at this location," he suggested.

Furthermore, another two holes hit copper-silver mineralization some 2km southeast from the current resource, indicating a strong possibility for expansion to the southeast too.

The Unkur project lies in the Zabaikalsky administrative region in Far East Russia. On completion of a first phase physical exploration program in 2016-2018, Azarga estimated an inferred resource of 62 million tonnes at 0.53% copper and 38.6 g/t silver.

Contact the author at giles@proactiveinevstors.com

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