Drilling Results For The Unkur Copper-Silver Project

VANCOUVER, BC - Azarga Metals Corp. reported that the 2019-2020 Phase 2 diamond drilling program consisting of 15 drill-holes for a total of 5,572 meters on its 100% owned Unkur Copper-Silver Project in Eastern Russia was completed. Assays have now been received from the final four drill-holes (AM19-012, AM19-013, AM19-014 and AM19-015).

Alexander Yakubchuk, VP Exploration, said, "The results from the 2019-2020 exploration program at Unkur enabled Azarga to not only extend the strike length of mineralization by 90%, they showed consistent copper and silver grades to the previous results within the much larger mineralized envelope. Azarga has engaged SRK to prepare a new Resource assessment for Unkur incorporating the new data."

Drill-holes AM19-012 and AM19-013 intercepted copper and silver mineralization between 0.5 and 1 kilometer to the south of the current Resource envelope. Drill hole AM19-014 was drilled some 850 meters north of the northernmost drill-hole in the current Resource envelope. This hole encountered deep glacial moraine cover (234m) but nevertheless was able to intersect mineralization in bedrock below. Drill-hole AM19-015 was drilled about 1 kilometer east of AM19-014 to test the extrapolated northern closure of the Unkur syncline however this hole was not able to reach the target depth although minor malachite and pyrite were reported at the bottom of the holes indicating the possible proximity to mineralization beneath.

A comparison of 2016-2017 (Phase1) drilling and that of 2019-2020 (Phase 2) shows consistent copper and silver grades and widths were intersected in both programs (using a +0.1 % copper cut-off). However, by increasing strike approximately 90%, the Phase 2 program has significantly enlarged the mineralized zones in comparison to the existing Resource envelope.