Azarga Metals Corp. is pleased to announce that Wardell Armstrong International has been awarded a contract to complete an updated Preliminary Economic Assessment for the Company's 100% owned Unkur Copper-Silver Project in Eastern Russia. Michael Hopley, President and CEO said: "We are enthusiastic about Wardell Armstrong's involvement in the Unkur project because of their wide international experience and their knowledge [...]
Azarga Metals Corp. is pleased to announce that results from its reconnaissance geochemical exploration program have shown previously unknown areas of copper and silver mineralization on both the eastern and western limbs of the Unkur syncline on its 100% owned Unkur Copper-Silver Project located in Eastern Russia. Dr. Alexander Yakubchuk, VP Exploration said: "These results confirm that mineralization at Unkur is more [...]
Azarga Metals Corp. as announced on 9 October 2020, the Company has issued to Baker Steel Resources Trust Limited a total of 2,747,575 common shares to settle its semi-annual interest payment of C$192,330 on a US$3.5 million convertible loan . BSRT Early Warning Disclosure Pursuant to the conversion of C$192,330 in interest owing to BSRT by Azarga Metals pursuant to the Loan, BSRT acquired 2,747,575 common shares of [...]
Azarga Metals Corp. reports that a reconnaissance geochemical exploration program has started on its 100% owned Unkur Copper-Silver 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 [...]
Azarga Metals Corp. has delivered a notice to Baker Steel Resources Trust Limited indicating that it wishes to exercise its option to pay the semi-annual interest owed on the US$3.5 million convertible debt to BSRT in shares. Interest owed on 10 October 2020 is C$192,330 that will be settled by the issue of 2,747,575 common shares priced at $0.07 per share, being the closing price on 8 October 2020. Pursuant to the loan [...]
Highlights: Sulphide material: recoveries up to 89.1% copper and 82.7% silver using conventional flotation methods producing commercially attractive ~30% copper & ~2,000 g/t silver concentrate Oxide material: recoveries up to 96.4% copper with acid leach and 96.7% silver recoveries with cyanide leach Azarga Metals Corp. reports that final results have been received from metallurgical test work on samples taken from the [...]
Recoveries up to 92% copper and 88% silver in sulphide material using conventional flotation methods Commercially standard ~30% copper concentrate achievable with sulphide material Recoveries up to 96.4% copper and 96.7% silver in oxide material Azarga Metals Corp. reports initial results have been received from the metallurgical test work on samples taken from the recently completed drilling program on the Unkur [...]
HIGHLIGHTS Copper-silver mineralization is drill confirmed over a strike length of 6.5 kilometers - an extension of 3.1 kilometers Copper-silver mineralization remains open to the south, north and in depth Oxide copper-silver mineralization extends over a 4.5-kilometer strike length, to 180-190 meters depth and there appears to be no difference in grade between sulphide and oxide zones A comparison of Phase 1 drill [...]
Azarga Metals Corp. as announced on 9 April 2020, the Company has issued to Baker Steel Resources Trust Limited a total of 2,134,283 common shares to settle its semi-annual interest payment of C$160,071 on a US$3.5 million convertible loan. 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 [...]
Azarga Uranium Corp. has closed its non-brokered private placement, previously announced on the 13th and 14th of April 2020, for gross proceeds of approximately $1.6 million through the issuance of 10,933,333 units at a price of $0.15 per Unit . The Financing was strongly supported by institutional investors. Each Unit consists of one common share of the Company and one-half of one Share purchase warrant . One Warrant [...]
Azarga Metals Corp. has delivered a notice to Baker Steel Resources Trust Limited indicating that it wishes to exercise its option to pay the semi-annual interest owed on the US$3.5 million, now fixed at C$4,692,550, convertible debt to BSRT in shares. Interest owed on 10 April 2020 is C$160,071 that will be settled by the issue of 2,134,283 common shares priced at $0.075 per share, being the closing price on 8 April [...]
HIGHLIGHTS 2019-2020 phase 2 drilling results to date demonstrate: Copper-silver mineralization is now consistently drill-confirmed over a strike length of 5.5 kilometers - an extension of 2.1 kilometers over the previous strike Oxide copper-silver mineralization extends over a 4.5-kilometer strike length and to 180-190 meters depth Sulphide copper-silver mineralization remains open at a depth below 500 meters and along [...]
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