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 [...]
Azarga Metals Corp. is pleased to announce that Baker Steel Resources Trust Ltd. and the Company have executed an amendment to the Secured Convertible Loan Facility Agreement to consummate the terms of the binding terms sheet announced on March 26, 2020. The third advance of US$500,000 has been received by the Company. Chairman, Alex Molyneux commented, "I'm very pleased that Baker Steel continues to support the Company [...]
Azarga Uranium Corp. is pleased to announce that the Company has identified additional uranium mineralization at its Gas Hills Uranium Project in Wyoming, USA . The Company identified this additional uranium mineralization through the analysis of historical data procured by the Company . The Gas Hills Project is located approximately 250 miles from the Company's initial development priority, the Dewey Burdock in-situ [...]
Azarga Metals Corp. is pleased to announce that it has executed a Binding Term Sheet with Baker Steel Resources Trust Ltd. , setting out the terms on which BSRT will, subject to satisfaction of certain conditions, increase its investment in the Company by an additional US$500,000 under the Secured Convertible Loan Facility Agreement announced on April 10, 2019 and amend certain terms of the Loan Facility. Subject to [...]
HIGHLIGHTS 86 meters of mineralization with an average grade of 0.6% copper and +57.6g/t silver intersected in drill-hole AM19-004 - by far, the widest mineralized intersection recorded in Unkur's history Drill-holes AM19-002 and AM19-003b intersected copper and silver mineralization some two kilometers to the southeast along strike from the envelope of the current Mineral Resource estimate Azarga Metals Corp. reports [...]
Azarga Metals Corp. 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 intercepted copper sulphide mineralization. This is an [...]
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