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Azarga Metals Expands First Phase Exploration Program at Unkur and $0.8-1.0M Private Placement
Sep. 21, 2016 10:47AM PST
Company News
AZARGA METALS CORP. (“Azarga Metals” or the “Company”) (TSXV:AZR) announces its intention to expand its first phase drilling program at its Unkur Silver-Copper Project from 3,000 meters to up to 5,000 meters and plans to raise $0.8 million to $1.0 million through a non-brokered private placement of Units (the “Private Placement”) to fund the expanded program.
AZARGA METALS CORP. (“Azarga Metals” or the “Company”) (TSXV:AZR) announces its intention to expand its first phase drilling program at its Unkur Silver-Copper Project from 3,000 meters to up to 5,000 meters and plans to raise $0.8 million to $1.0 million through a non-brokered private placement of Units (the “Private Placement”) to fund the expanded program.
HIGHLIGHTS
- Expansion of first phase drilling program at Unkur by up to two-thirds to 5,000m
- Additional ground magnetic survey and trenching
- Plan to increase potential size of maiden NI 43-101 Resource (due Q1 2017)
- Gain extra data to expedite preliminary economic assessment work
- $0.8-1.0M Private Placement to fund expanded exploration activities
Azarga Metals’ president and CEO Dorian L. (Dusty) Nicol commented, “Early results show we could have a globally significant silver and copper deposit in Unkur. Based on the thickness of mineralization and high silver and copper grades we are seeing so far, I’m pleased we’re able to accelerate our work on the project at this time and look forward to further results.”