Azarga Uranium Identifies Significant Second Area of New Uranium Mineralization at Dewey Burdock

Energy Investing
TSX:AZZ

AZARGA URANIUM CORP. (TSX:AZZ) (“Azarga Uranium” or the “Company”) is pleased to announce that the Company continues to identify new uranium mineralization at its initial development priority, the Dewey Burdock in-situ recovery (“ISR”) uranium project in South Dakota (the “Dewey Burdock Project”).

AZARGA URANIUM CORP. (TSX:AZZ) (“Azarga Uranium” or the “Company”) is pleased to announce that the Company continues to identify new uranium mineralization at its initial development priority, the Dewey Burdock in-situ recovery (“ISR”) uranium project in South Dakota (the “Dewey Burdock Project”).  On 8 February 2018, the Company announced newly identified uranium mineralization at the Dewey area of the Dewey Burdock Project, with the expectation of identifying additional uranium mineralization at the Burdock area of the project.  Through the continued analysis of historical data owned by the Company (the “Data Set”) and the evaluation of revised ISR cutoff criteria, consistent with other producing ISR projects in nearby Wyoming, the Company has identified significant, new uranium mineralization at the Burdock area of the Dewey Burdock Project.

Highlights of the new uranium mineralization at the Dewey Burdock Project includes:

  • 706 mineralized drill holes with 787 intercepts equal to or exceeding a 0.2 grade-thickness (GT) cutoff using a 0.02% grade cutoff with an average eU3O8 grade of 0.139% and an average thickness of 5.1 feet

○ 28% of the mineralized drill holes exceed a 0.5 GT cutoff

  • Falls within the existing Nuclear Regulatory Commission (“NRC”) License boundary for the Dewey Burdock Project
  • Contiguous with ISR resources already identified at the Dewey Burdock Project
  • Further indicates the potential to significantly expand the Dewey Burdock Project resource estimate within the NRC License boundary
  • Larger and more continuous resource areas within the Dewey Burdock Project could achieve certain cost reductions compared to the existing preliminary economic assessment

“We are very excited to have completed our initial analysis of the Data Set for the Dewey Burdock Project.  The results to date have exceeded our expectations.  With initial review of both the Dewey and Burdock areas complete, the newly identified uranium mineralization indicates widespread potential to significantly increase the currently identified uranium resources at the Dewey Burdock Project.  The number of newly identified uranium intercepts from this initial review nearly equals the number of intercepts used to calculate the existing resource estimate for the Dewey Burdock Project.  We look forward to completing a resource update for the Dewey Burdock Project as well as a revised preliminary economic assessment”, said John Mays, Chief Operating Officer.

In addition to the 706 mineralized drill holes with 787 intercepts contiguous to existing ISR resources, the Company identified 235 mineralized drill holes with 249 intercepts at relatively shallow depth, potentially suitable for non-ISR recovery methods, with an average eU3O8 grade of 0.082% and an average thickness of 6.8 feet.

The following tables provide a detailed summary of the results for the 941 mineralized drill holes with 1036 intercepts that equal or exceed a 0.2 GT cutoff using a 0.02% grade cutoff:

Data contiguous to existing ISR resources:

 

Hole IDZoneDepthThicknessGTAvg.Hole IDZoneDepthThicknessGTAvg.
  (ft)(ft) Grade (%)  (ft)(ft) Grade (%)
B 7L4444.010.02.530.253IHR 105L2B318.06.50.930.143
COS 1L2A346.02.00.260.129IHR 14L3340.03.50.240.069
DB 07-10-42L4538.01.50.210.138IHR 67L2266.510.70.910.085
DB 07-10-6L2A554.58.00.440.055IHR 69L1299.58.01.340.168
DB 07-10-7L1573.54.50.270.061IHR 69L2281.03.51.930.551
DB 07-11-14CL2B415.06.00.340.057IHR 70L1293.06.01.400.233
DB 07-11-28L1376.04.50.520.116IHR 70L2282.07.52.780.370
DB 07-11-4CL2B432.57.00.240.034IHS 18L1414.53.40.370.110
DB 07-12-3L2B235.56.01.090.182IHS 27L2A378.23.10.590.192
DK 211L1418.03.50.490.139IHS 28L2A377.26.30.460.074
DRA 12L3296.07.50.230.030IHS 29L1398.86.90.400.058
DRA 13L1293.54.50.620.138IHS 36L2A403.24.60.250.054
DRA 18L1285.012.00.670.056IHS 40L2A346.52.50.430.170
DRA 24L1310.010.50.250.024IHS 41L2A344.05.00.370.074
DRA 26L1320.56.00.290.048IHS 44L1301.07.00.210.030
DRJ 143L2B353.07.50.230.030IHS 45L1321.52.00.240.120
DRJ 168L4360.54.00.200.050IHS 48L3250.08.00.240.030
DRJ 168L2B392.01.00.230.230IHS 52L1319.011.00.440.040
DRJ 169L3367.55.50.220.040IHS 64L2A283.02.00.440.220
DRJ 173L4306.03.00.330.110IHS 71L1277.03.50.270.076
DRJ 183L1314.021.01.040.050IHS 77L1293.011.50.230.020
DRJ 184L1316.520.01.580.079IHS 80-AL1279.57.02.570.367
DRJ 185L1299.010.00.940.094IHS 82L1302.54.00.400.100
DRJ 192L1295.08.51.720.202IHS 83L1302.55.50.350.063
DRJ 198L1300.02.50.270.108IHS 85L1359.51.50.240.160
DRJ 56L3304.04.00.270.068IHS 86L1314.05.00.320.064
DRJ 90L1370.52.00.200.100IHS 87L1314.55.50.200.036
DRJ 93L6222.55.50.220.040IHS 89L1299.07.50.570.075
DRJ 96L2B314.01.50.230.150IHS 90L1329.51.50.410.270
DRM 10L1370.52.50.400.160IHS 92L1342.05.50.390.070
DRM 22L1369.55.51.050.190IHS 95L1351.08.50.340.040
DRM 23L1398.02.00.300.150IHT 106L2B306.014.00.980.070
DRM 26L2A397.04.00.240.060IHT 108L3300.06.50.360.055
DRM 26L1421.01.50.470.310IHT 109L3312.02.00.360.180
DRM 39L1374.54.50.320.070IHT 111L1293.018.00.900.050
DRM 4L1392.06.00.240.040IHT 114L2B272.07.00.480.069
DRM 52L1303.09.00.720.080IHT 116L2A312.52.00.260.130
DRM 6L3250.51.50.210.140IHT 116L1318.06.00.360.060
DRM 60L1383.57.50.350.047IHT 122L2B370.01.00.270.270
DRR 124L2A326.54.50.270.060IHT 128L2B261.05.00.250.050
DRR 76L2B355.08.50.260.030IHT 128L1298.511.51.040.090
DRR 81L2A350.01.50.440.290IHT 13L2B324.03.20.280.089
DRR 84L2A334.53.50.220.063IHT 130L1356.56.50.480.074
DRS 20L1301.54.50.420.092IHT 132L1342.012.00.710.059
DRS 21L1291.58.00.550.069IHT 135L1284.07.50.710.095
DRS 23L1300.57.00.280.040IHT 138L2A291.06.00.220.037
DRS 24L1300.55.00.400.080IHT 14L2B339.73.60.230.063
DRS 26L1314.04.00.280.070IHT 142L1299.53.00.510.170
DRS 32L1305.010.00.240.024IHT 143L1290.014.00.420.030
DRS 45L2B336.58.50.260.030IHT 144L1301.04.50.430.096
DRS 6L1304.53.00.530.175IHT 145L2A289.516.00.640.040
DRT 41L3305.05.50.380.068IHT 160L1406.08.00.570.071
DRT 57L1327.010.00.240.024IHT 169L1396.09.50.470.049
DRT 68L1302.05.00.250.050IHT 170L1443.08.00.240.030
DRT 69L1288.05.50.530.096IHT 174L2A381.010.50.420.040
DRT 70L2A293.05.00.300.060IHT 174L1401.58.50.460.054
DRT 73L1282.013.00.480.037IHT 175L1444.51.00.200.200
DRT 74L1275.010.50.300.029IHT 176L1413.04.50.320.070
DRT 86L1273.06.50.280.043IHT 177L2B377.51.50.470.310
DRW 10L4270.55.70.270.047IHT 178L2A377.08.50.340.040
DRW 12L4281.33.20.200.064IHT 181L2A383.54.00.730.181
DRW 8L4281.04.70.280.059IHT 189L1400.52.00.380.190
FBA 16L2A382.06.50.460.070IHT 19L2A337.02.20.290.134
FBA 4L2B443.53.50.320.090IHT 195L2A338.02.50.280.110
FBJ 104L2B399.52.00.230.117IHT 196L1416.51.50.330.220
FBJ 104L2A432.01.50.350.234IHT 196L2B371.08.00.720.089
FBJ 106L2B364.04.00.320.081IHT 198L1407.011.00.540.049
FBJ 109L2B455.03.50.220.062IHT 199L2B353.54.00.600.149
FBJ 114L2A463.01.50.410.275IHT 200L2A352.06.00.650.108
FBJ 117L2B448.51.00.350.354IHT 24L2A339.54.30.290.066
FBJ 12L2B374.54.00.360.090IHT 26L2B276.72.00.240.122
FBJ 14L2B355.05.00.260.052IHT 34L1421.07.00.500.072
FBJ 149L1467.03.00.240.080IHT 41L2A342.04.00.420.104
FBJ 15L1375.56.00.680.113IHT 43L1315.04.50.540.120
FBJ 17L1365.05.00.350.070IHT 45L2A281.04.00.240.060
FBJ 18L2B352.54.50.590.130IHT 48L1305.07.00.420.060
FBJ 23L7311.52.50.310.122IHT 48L2A293.02.00.440.220
FBJ 29L2A437.01.50.450.300IHT 5L1387.74.70.520.110
FBJ 3L2B359.010.00.630.063IHT 50L1305.08.00.240.030
FBJ 30L3398.53.00.510.170IHT 51L2A311.07.00.280.040
FBJ 35L2B420.53.00.420.140IHT 56L1322.016.00.440.028
FBJ 36L2B418.53.00.270.090IHT 57L1297.010.00.200.020
FBJ 36L7306.02.50.450.180IHT 58L1326.019.00.440.023
FBJ 38L2B429.04.00.360.090IHT 66L2A292.05.00.350.070
FBJ 38L3408.54.50.780.172IHT 68L1307.010.01.020.102
FBJ 41L3434.512.50.250.020IHT 69L4255.06.00.300.050
FBJ 52L1393.53.50.540.154IHT 78L1415.03.00.240.080
FBJ 53L1415.09.00.370.041IHT 78L2B374.09.00.270.030
FBJ 54L1375.58.00.400.050IHT 79L1399.57.50.820.109
FBJ 55L2A385.54.00.800.200IHT 8L2A371.73.30.430.130
FBJ 58L1416.53.00.230.076IHT 92L2A278.02.00.330.165
FBJ 60L1393.57.00.430.061IHT 95L1322.04.00.410.101
FBJ 61L2B373.06.50.420.064IHT 99L1329.07.01.240.176
FBJ 62L2A384.57.00.350.050IHW 10L2A383.16.20.270.043
FBJ 63L1393.01.50.210.143IHW 14L1399.84.00.220.054
FBJ 70L2B404.51.50.370.244IHW 2L2A343.03.60.380.107
FBJ 77L1382.55.00.210.042IHW 5L2A402.01.30.230.174
FBJ 78L2A393.03.50.320.090IHW 6L2B368.73.70.360.096
FBJ 79L2A385.54.00.250.063KLJ 1L4582.02.50.550.220
FBJ 8L2B373.56.00.360.060MSJ 3L4557.010.00.880.088
FBJ 83L2A392.56.50.570.088MST 16L2A619.54.00.680.170
FBJ 84L1412.51.50.430.287MST 24L2B594.012.00.240.020
FBJ 9L2A408.53.50.280.079PA 10L2A582.03.50.270.077
FBJ 90L2B444.51.50.700.466PA 105L1638.54.00.780.195
FBJ 98L2B406.55.00.460.092PA 126L2B566.53.00.270.089
FBK 13L2344.52.50.240.094PA 128L2B643.02.50.260.105
FBK 17L3337.010.00.200.020PA 136L2B634.51.50.300.198
FBK 18L2384.06.50.330.051PA 137L1571.05.00.260.051
FBK 19L3378.011.00.370.033PA 14L2B599.02.00.290.145
FBK 20L1441.05.50.410.074PA 38L2B531.03.00.600.200
FBK 22L2403.012.00.360.030PA 40L2A550.59.01.350.150
FBK 29L1398.05.50.550.100PA 44L4492.51.50.390.260
FBK 31L1413.04.00.490.121PA 54L3522.01.00.570.570
FBK 37L2453.06.50.200.031PA 56L3531.01.00.460.460
FBK 6L3443.013.00.260.020PA 57L3535.01.00.210.210
FBK 9L1393.03.00.320.107PA 63L4495.51.00.270.270
FBM 103L1421.04.50.270.060PA 66L5465.02.00.480.240
FBM 104L1405.74.80.840.176PA 70L5434.515.51.250.081
FBM 106L1425.84.00.200.051PA 74L4485.07.50.260.035
FBM 11L1375.52.20.320.146PA 77L4508.55.50.550.100
FBM 110L1420.26.40.240.037PA 77L3529.03.50.630.180
FBM 114L2A417.22.00.220.112PA 86L6432.58.00.320.040
FBM 115L2B395.61.80.270.152PA 9L2B551.01.00.200.200
FBM 115L1430.11.10.510.468PA 90L4489.03.50.210.060
FBM 116L1421.55.80.570.098PA 90L5465.02.50.230.090
FBM 117L1405.52.30.270.119PA 93L3486.57.00.340.049
FBM 126L1381.81.70.290.172PA 93L4470.59.00.750.083
FBM 128L2376.01.50.330.220PA 95L5440.55.52.090.380
FBM 13L1374.314.61.160.079PJ 10L3521.05.50.220.040
FBM 138L2B335.01.00.310.310PJ 10L1581.02.00.320.160
FBM 141L2A363.01.30.200.154PJ 16L1623.54.00.200.050
FBM 142L2A346.02.00.280.139PJ 21L1659.01.00.320.320
FBM 142L2B320.58.20.510.063PJ 31L2B593.03.00.280.093
FBM 143L1361.52.50.290.116PJ 45L2A576.52.00.340.170
FBM 145L2A342.21.50.280.184PJ 47L2B541.04.50.270.061
FBM 148L2A343.53.00.350.115PM 101L4463.33.10.210.068
FBM 154L2A450.22.80.510.184PM 104L1382.13.00.440.146
FBM 16L1400.03.30.510.156PM 113L4469.01.60.230.144
FBM 167L2B407.02.50.330.130PM 113L3473.25.80.520.090
FBM 173L2A434.54.70.550.118PM 114L6403.08.10.280.034
FBM 176L1429.06.50.270.042PM 115L5432.312.20.430.035
FBM 18L1361.55.70.370.064PM 116L6399.611.60.340.029
FBM 182L7306.23.80.410.107PM 117L2B539.03.00.230.076
FBM 182L2B421.32.00.680.340PM 118L2B532.03.00.450.149
FBM 183L2B407.710.30.400.039PM 121L1592.05.00.270.054
FBM 185L2A433.56.00.260.043PM 130L4531.04.00.210.053
FBM 188L2B367.51.00.230.230PM 132L3512.55.50.410.074
FBM 19L1363.09.80.810.083PM 149L5438.56.50.330.050
FBM 193L3412.81.20.390.329PM 15L3545.518.50.440.024
FBM 196L2A428.08.00.560.070PM 150L5435.06.50.330.050
FBM 199L2B420.03.50.320.090PM 151L5441.015.53.880.250
FBM 200L2B428.52.00.220.110PM 164L7457.06.00.240.040
FBM 23L1381.214.30.530.037PM 17L4519.54.30.260.061
FBM 24L2A369.23.20.210.065PM 174L2B625.02.00.320.160
FBM 29L2A339.93.40.210.062PM 207L5454.06.03.540.590
FBM 41L1339.56.80.270.039PM 208L5443.04.00.240.060
FBM 42L2A344.51.10.320.293PM 211L4515.01.50.210.140
FBM 46L2B348.72.70.290.107PM 213L3505.01.50.210.140
FBM 47L1389.06.00.240.040PM 224L4534.51.00.260.260
FBM 5L2A334.85.40.230.043PM 226L2A569.03.00.300.100
FBM 50L2435.010.00.210.021PM 226L3526.03.01.710.570
FBM 55L1456.06.80.450.066PM 229L1550.07.00.530.076
FBM 59L1444.76.80.390.058PM 29L2B549.05.80.200.035
FBM 60L2A428.82.50.370.146PM 29L4526.54.80.230.047
FBM 65L7305.04.00.210.052PM 38L2B542.31.70.430.250
FBM 73L2A428.213.70.650.048PM 48L5447.08.70.340.039
FBM 76L7297.310.00.230.023PM 49L4460.35.20.250.048
FBM 76L3400.32.50.750.299PM 49L2B482.011.50.410.036
FBM 81L2B415.83.00.330.109PM 49L3469.62.50.670.266
FBM 81L2A427.64.10.420.102PM 5L2B540.34.70.730.155
FBM 85L2B413.32.30.240.106PM 52L3517.05.71.070.188
FBM 85L3398.55.00.390.079PM 58L5436.06.70.240.036
FBM 88L1449.04.20.300.072PM 61L6425.27.00.260.037
FBM 88L2B412.59.21.180.129PM 61L5456.76.80.760.111
FBM 9L1367.44.60.300.066PM 63L6423.68.40.400.048
FBM 91L1447.52.80.470.169PM 68L4464.57.20.410.057
FBM 92L2B432.07.51.910.254PM 69L4477.82.50.610.242
FBM 93L2B427.22.30.210.092PM 69L5462.82.20.740.336
FBM 94L2B434.64.50.860.190PM 70L4480.02.20.760.346
FBM 97L6349.08.20.470.057PM 75L4484.01.00.380.380
FBM 98L4417.21.00.310.310PM 76L3498.01.50.260.170
FBM 99L2B432.03.30.290.088PM 78L2B529.03.00.420.140
FBR 1L1436.013.50.270.020PM 79L2B537.04.00.920.230
FBR 1L2A425.010.50.530.050PM 8L3536.05.80.330.057
FBR 10L2B330.02.00.320.160PM 84L2B543.32.00.210.105
FBR 14L2A381.09.00.400.044PM 85L3535.58.50.260.030
FBR 16L2A396.015.00.450.030PM 89L2B543.02.50.230.092
FBR 17L1411.52.00.260.130PM 94L3535.01.10.200.186
FBR 18L2A397.08.50.760.089PM 96L4529.04.00.300.076
FBR 20L2A399.09.00.540.060PM 99L3474.29.50.240.025
FBR 26L1394.51.00.210.210PR 4L1381.015.00.750.050
FBR 28L1372.012.50.300.024PR 5L1383.06.00.230.038
FBR 30L2A330.07.50.240.032PS 1L3520.08.50.590.069
FBR 34L2B355.02.00.200.100PS 12L4485.04.50.420.093
FBR 34L1398.02.50.330.130PS 14L6425.06.50.340.053
FBR 4L2A399.04.00.290.073PS 16L5433.09.71.230.127
FBR 4L1432.01.50.380.250PS 17L5439.02.60.400.155
FBR 48L2B427.01.50.410.270PS 18L4454.01.70.370.220
FBR 50L6348.07.00.210.030PS 2L2B541.02.00.360.179
FBR 55L3401.51.51.050.700PS 3L3524.51.70.280.167
FBR 59L2B418.01.00.350.350PS 31L4476.81.20.350.292
FBR 6L1375.05.00.310.062PS 31L5458.35.70.680.120
FBR 7L1365.07.00.240.034PS 37L4467.21.00.220.224
FBR 8L1407.04.00.640.160PS 39L4473.51.31.651.270
FBS 10L1419.74.31.150.267PS 40L4500.51.00.320.320
FBS 100L7341.53.50.250.070PS 41L4468.81.20.360.300
FBS 100L6365.06.20.390.063PS 41L5449.74.00.440.110
FBS 102L3438.51.00.290.287PS 42L4469.01.00.260.260
FBS 102L6359.27.80.340.043PS 42L5450.06.51.830.282
FBS 103L6345.04.20.260.061PS 45L5450.04.82.390.497
FBS 104L7347.91.30.980.750PS 46L5442.03.90.520.133
FBS 107L7348.51.50.240.158PS 47L5446.211.20.460.041
FBS 108L3434.56.00.520.087PS 48L5441.04.10.770.189
FBS 11L2A385.05.50.330.060PS 51L4519.03.70.410.110
FBS 11L1401.816.80.830.049PS 56L2B534.03.00.380.127
FBS 110L1406.01.00.240.243PS 59L3529.06.00.600.100
FBS 111L1402.81.20.370.308PS 63L4509.03.00.220.072
FBS 111L2A384.53.20.480.150PS 68L4478.08.00.530.066
FBS 117L3440.01.00.260.260PT 103L1628.56.50.230.035
FBS 121L7331.47.50.600.080PT 106L2B571.09.00.810.090
FBS 128L2B451.84.10.210.050PT 108L4531.53.50.350.100
FBS 129L7340.21.50.990.660PT 109L4533.03.01.710.570
FBS 134L2B434.31.50.280.187PT 11L5446.05.50.430.079
FBS 136L2B434.03.00.540.180PT 11L4459.85.21.010.194
FBS 136L7314.32.50.660.263PT 112L2B609.52.50.260.102
FBS 138L7322.05.50.220.040PT 12L5438.96.82.830.416
FBS 139L7326.53.50.220.064PT 121L5431.57.50.250.033
FBS 142L6358.04.50.270.060PT 121L4450.05.00.460.091
FBS 143L6359.57.20.260.036PT 122L6451.518.50.370.020
FBS 145L7349.01.00.200.200PT 13L5456.86.20.240.039
FBS 147L7352.51.00.510.510PT 13L4482.86.50.470.073
FBS 15L2A391.53.50.370.106PT 130L2B545.02.50.340.136
FBS 150L4433.51.00.200.200PT 133L4506.51.00.480.480
FBS 153L4440.03.50.510.145PT 137L3530.05.50.340.062
FBS 159L4398.21.80.290.160PT 139L2B542.55.50.520.094
FBS 171L2A397.02.20.200.091PT 146L4470.54.00.480.119
FBS 172L2A396.04.00.670.166PT 147L4474.52.02.621.310
FBS 18L2A393.64.00.240.059PT 148L5461.59.54.520.475
FBS 18L2B384.83.40.270.080PT 16L4455.16.80.510.075
FBS 182L1407.14.60.610.132PT 162L5478.56.51.130.174
FBS 185L2A391.56.00.440.073PT 165L4498.51.50.410.270
FBS 185L1405.55.30.710.133PT 166L6421.06.00.420.070
FBS 186L1410.51.00.390.388PT 166L5460.04.01.440.360
FBS 187L1421.01.50.540.357PT 167L4462.02.00.420.210
FBS 189L2A378.42.40.370.155PT 167L5441.51.50.780.520
FBS 191L2A382.33.50.300.085PT 176L2B531.01.51.290.860
FBS 191L1393.34.50.330.074PT 180L2B531.05.00.500.100
FBS 195L2A386.85.20.440.085PT 181L2B533.04.00.240.060
FBS 2L1418.23.00.730.244PT 182L4477.03.50.270.076
FBS 20L2A398.32.70.300.112PT 183L4494.53.00.290.095
FBS 201L2B382.010.00.240.024PT 183L2B523.04.00.600.150
FBS 202L1413.81.00.220.224PT 189L3531.08.00.240.030
FBS 203L2A337.59.50.220.023PT 190L3533.55.51.360.248
FBS 23L2A395.57.70.370.047PT 20L4476.53.51.100.314
FBS 3L1419.84.70.240.050PT 22L2B491.04.00.220.055
FBS 32L1406.53.00.440.145PT 22L4465.57.00.230.033
FBS 33L2A398.55.20.510.098PT 22L3473.55.00.350.070
FBS 37L2A376.52.00.230.115PT 28L5472.53.50.610.173
FBS 48L2B394.52.30.300.129PT 28L4481.011.50.630.055
FBS 51L1443.21.80.450.252PT 29L6424.05.20.250.049
FBS 52L1448.03.00.240.079PT 29L5456.23.70.630.170
FBS 54L2B387.81.50.330.220PT 36L5440.06.50.390.060
FBS 6L2A383.81.20.420.350PT 36L4465.03.01.740.580
FBS 62L1475.58.50.340.040PT 44L2B529.05.00.470.094
FBS 73L1417.02.50.250.100PT 45L3517.05.00.450.090
FBS 78L1449.75.30.430.081PT 47L5508.04.00.240.060
FBS 79L1443.511.50.380.033PT 47L4531.01.00.350.350
FBS 83L2A427.23.80.270.072PT 62L2A592.51.00.220.220
FBS 83L2B407.215.31.000.065PT 66L2B540.01.00.390.390
FBS 88L2A417.04.50.380.085PT 67L2A558.57.50.360.048
FBS 92L1413.02.20.280.128PT 71L2A606.52.50.370.148
FBS 97L2B434.05.20.300.057PT 72L2B564.56.00.900.150
FBS 98L7329.07.00.350.050PT 77L1662.02.00.240.120
FBS 98L2B430.76.80.540.079PT 8L4453.53.50.230.065
FBS 99L3414.31.20.480.403PT 8L3484.23.90.250.063
FBT 105L2A398.55.00.300.060PT 81L1631.06.50.510.078
FBT 113L2B411.04.00.570.143PT 82L2B590.01.50.260.170
FBT 116L2B371.07.50.300.040PT 82L2A613.07.00.300.043
FBT 117L1438.56.00.270.045PT 86L2B555.56.50.590.090
FBT 142L3379.02.00.220.110PT 94L4568.01.00.400.400
FBT 145L1440.01.50.210.140PT 97L2B552.01.00.340.340
FBT 153L1443.54.50.380.083PW 14L3510.51.40.390.282
FBT 159L2B370.52.50.250.098PW 16L3509.55.41.350.251
FBT 161L2B370.54.00.200.050PW 17L2B543.01.10.220.203
FBT 166L2A386.05.00.250.050RONA 1L5415.51.50.350.230
FBT 174L3440.55.01.650.330RONA 101L3489.05.00.240.048
FBT 175L1402.51.00.360.360RONA 103L3502.01.00.460.460
FBT 18L2B410.21.00.290.286RONA 104L3498.53.50.220.063
FBT 183L7300.05.50.640.116RONA 107L3495.03.50.360.101
FBT 189L7345.51.50.440.290RONA 108L3483.52.00.260.130
FBT 189L3442.010.00.900.090RONA 11L7352.01.50.320.210
FBT 19L2A438.92.90.460.157RONA 117L4487.52.50.330.130
FBT 198L2A459.03.00.480.160RONA 119L3487.02.50.370.146
FBT 2L1465.02.00.200.100RONA 120L3494.010.00.200.020
FBT 202L1376.010.00.320.032RONA 121L3445.03.50.230.066
FBT 207L2B434.04.50.220.049RONA 123L7357.51.50.500.330
FBT 208L2A466.05.50.440.080RONA 124L3464.54.00.230.058
FBT 210L1470.02.00.300.152RONA 127L1545.07.00.350.050
FBT 22L1451.03.60.200.057RONA 130L1564.013.00.390.030
FBT 3L1458.53.50.520.147RONA 132L1573.014.00.280.020
FBT 33L6362.83.80.360.096RONA 136L1551.010.00.200.020
FBT 37L3407.01.00.210.213RONA 137L1575.010.00.510.051
FBT 39L2A338.07.50.530.070RONA 14L7380.05.00.200.040
FBT 53L2B426.06.50.570.088RONA 140L1567.515.00.850.056
FBT 55L2B440.59.50.240.025RONA 145L1573.05.00.550.110
FBT 57L2A436.01.00.450.450RONA 147L1573.513.01.430.110
FBT 57L1439.07.00.700.100RONA 15L7379.02.00.540.270
FBT 65L1416.04.00.320.080RONA 2L7367.02.01.040.520
FBT 67L1420.09.00.460.051RONA 23L7382.53.50.530.151
FBT 69L6356.52.50.300.120RONA 26L2B496.01.00.280.280
FBT 78L2A374.07.50.240.031RONA 29L2B496.52.02.601.300
FBT 80L2A375.06.50.440.067RONA 33L3480.03.00.210.070
FBT 87L1421.01.00.320.320RONA 4L7355.05.00.400.080
FBT 9L2A431.03.00.300.100RONA 45L7347.09.00.270.030
FBT 90L2A413.55.50.540.097RONA 45L4420.02.50.300.120
FBT 95L1478.04.00.400.100RONA 51L3483.51.00.640.640
FBT 97L2A393.55.50.280.050RONA 6L7350.52.50.450.178
FBW 2L2A334.14.70.260.056RONA 67L3498.53.01.260.420
IHA 14L2A303.04.50.360.080RONA 68L3498.01.50.230.150
IHA 14L2B271.04.50.450.099RONA 73L3498.01.50.570.380
IHA 16L1318.07.00.360.051RONA 74L4484.52.00.300.150
IHA 18L2A382.51.50.360.240RONA 80L4468.54.50.270.060
IHA 21L2B313.015.00.500.033RONA 84L3492.52.00.270.135
IHA 23L3304.02.00.210.105RONA 86L4473.04.50.290.064
IHA 24L2B309.03.50.230.064RONA 87L5462.51.50.330.220
IHA 30L2A313.012.50.510.040RONA 92L5450.01.00.330.330
IHA 31L2B323.01.00.260.260RONA 95L3499.51.50.630.420
IHA 35L2A366.56.00.480.080RONM 16L2B456.06.51.720.264
IHA 36L2A314.55.50.220.040RONM 17L2B469.515.00.840.056
IHA 37L2B363.012.00.240.020RONM 18L3483.02.50.280.110
IHA 37L1410.08.00.240.030RONM 3L2B496.01.00.510.514
IHA 42L2A372.03.00.270.090RONR 10L4457.04.00.400.100
IHA 43L2A266.57.00.280.039RONR 10L3484.03.51.650.470
IHA 44L2B264.56.50.290.045RONR 19L3477.53.00.360.120
IHA 44L2A301.56.00.420.070RONR 22L7350.53.00.270.090
IHA 49L1305.53.50.240.069RONR 25L3490.01.50.330.220
IHA 50L3254.54.00.240.060RONR 28L3485.52.50.280.110
IHA 52L2A293.05.00.250.050RONR 29L7348.51.00.240.240
IHA 53L1301.018.00.360.020RONR 8L3500.03.00.270.090
IHA 55L2A277.57.50.530.070RONS 13L2B453.04.50.720.161
IHA 56L1276.524.50.490.020RONS 18L2B483.24.00.260.065
IHA 57L1302.03.00.420.140RONS 19L2B455.04.10.820.199
IHA 58L1302.08.50.340.039RONS 2L2B454.61.30.230.178
IHA 59L2A283.04.00.200.050RONS 26L2B479.02.00.620.312
IHA 59L1292.516.50.330.020RONS 34L7340.04.50.320.072
IHA 6L1295.04.50.420.093RONS 39L2B486.010.80.220.020
IHJ 106L1383.58.00.240.030RONS 4L2B466.55.50.240.043
IHJ 17L1305.53.00.240.080RONS 4L7351.81.20.360.300
IHJ 18L1324.04.50.410.090RONS 4L3452.22.30.530.230
IHJ 22L1308.02.50.290.116RONS 43L7353.01.00.730.730
IHJ 22L2A295.51.50.420.280RONS 48L3449.06.00.210.035
IHJ 23L2A270.015.00.660.044RONS 51L3467.05.00.320.064
IHJ 28L2A392.07.00.210.030RONS 51L2B478.54.51.600.356
IHJ 29L1404.58.50.360.042RONS 6L3453.35.82.410.415
IHJ 33L1416.52.50.350.140RONS 8L3456.82.00.450.227
IHJ 38L2B341.54.51.040.230RONS 9L3445.09.50.400.042
IHJ 42L1403.511.00.330.030RONT 11L7372.02.00.240.120
IHJ 45L2A383.52.00.410.205RONT 2L7386.01.20.340.280
IHJ 47L2A374.54.00.460.115RONT 20L7356.33.50.400.113
IHJ 47L1401.53.51.050.300RONT 30L7371.36.50.230.035
IHJ 49L2B371.58.50.260.030RONT 37L7356.24.00.400.099
IHJ 51L1441.010.00.200.020RONT 39L7351.79.30.310.033
IHJ 51L2A387.05.00.500.100RONT 46L3465.03.50.480.136
IHJ 56L3338.03.00.210.070RONT 5L2B508.11.50.300.200
IHJ 68L1337.05.50.570.103RONT 57L2B486.09.00.270.030
IHJ 69L1313.04.00.220.056RONT 58L6358.514.00.280.020
IHJ 70L1317.56.50.510.079RONT 58L4429.58.50.460.054
IHJ 77L2A263.56.00.470.079RONT 58L3445.013.50.960.071
IHJ 78L2A291.51.50.230.151RONT 59L4486.55.00.320.063
IHJ 80L2B272.04.00.260.065RONT 59L3504.01.00.340.340
IHJ 82L1326.55.50.810.148RONT 64L3462.01.00.210.210
IHJ 86L2A255.58.00.820.102RONT 69L2B478.59.00.820.091
IHJ 87L2B243.53.50.310.089RONT 8L7344.53.33.431.038
IHJ 94L1320.03.00.400.134SRA 1L4227.03.00.210.070
IHK 10L2412.01.50.210.140SRM 136L5182.82.20.880.400
IHK 10L1432.02.00.280.140SRM 145L5190.05.50.290.052
IHK 11L2399.015.00.300.020SRM 145L4224.04.10.370.091
IHK 2L3267.08.50.260.031TRA 1L7185.07.00.490.070
IHK 8L3375.06.00.230.038TRJ 100L5186.03.50.350.100
IHM 105L2A342.72.30.420.182TRJ 103L2B256.03.50.220.063
IHM 108L1299.53.51.580.450TRJ 122L2A367.05.50.260.047
IHM 109L1291.58.01.710.213TRJ 14L5251.56.50.410.062
IHM 111L2B323.02.50.230.090TRJ 2L4200.04.50.230.051
IHM 123L2A364.54.50.680.150TRJ 21L3234.07.00.260.037
IHM 129L1392.56.50.370.057TRJ 23L4238.07.50.230.030
IHM 135L1417.01.50.260.170TRJ 67L2A364.56.01.220.203
IHM 144L1294.08.52.440.287TRM 45L1406.08.51.660.195
IHM 83L1346.55.00.430.086TRS 1L6178.54.50.240.054
IHM 83L2A323.59.00.540.060TRT 20L4243.52.50.230.090
IHM 85L2B339.55.30.460.086TRT 31L4239.57.50.390.052
IHM 86L2A343.55.00.240.048TRT 38L4210.05.50.210.037
IHM 87L1356.84.00.310.078TRT 53L3242.01.00.560.560
IHM 91L1363.81.20.400.330TRT 92L5185.02.50.400.160
IHR 104L2B357.05.50.420.075

 

Data potentially suitable for non-ISR recovery methods:

 

Hole IDZoneDepthThicknessGTAvg.Hole IDZoneDepthThicknessGTAvg.
  (ft)(ft) Grade (%)  (ft)(ft) Grade (%)
DK 10F12116.02.50.390.154IHJ 101F1362.08.50.350.042
DK 12F12110.06.00.300.050IHJ 2F11101.52.00.280.140
DK 13F12122.03.00.290.096IHJ 3F1289.02.00.210.105
DK 19F12124.05.00.400.079IHJ 37F12119.53.50.250.070
DK 193F1262.05.00.200.040IHJ 5F12116.06.00.540.090
DK 196F1265.53.00.390.130IHJ 72F1230.55.50.210.038
DK 21F11137.010.00.240.024IHJ 74F129.54.50.570.126
DK 31F12118.018.00.400.022IHJ 87F129.53.50.500.143
DK 32F11130.518.00.680.038IHK 26F1291.57.51.050.140
DK 504F1199.07.50.450.060IHK 27F1290.59.00.630.070
DK 56F12102.019.00.920.048IHK 28F1291.55.00.800.160
DK 58F12104.510.00.620.062IHK 30F1296.05.00.540.107
DK 60F1296.013.01.170.090IHK 31F1289.54.50.270.060
DK 62F12111.02.50.380.150IHM 1F1280.09.00.360.040
DK 64F12124.56.00.300.050IHM 113F11110.58.50.260.030
DK 66F12109.010.01.000.100IHM 13F11110.04.00.200.050
DK 70F12102.015.00.630.042IHM 13F10132.021.00.420.020
DM 1049F1292.07.51.050.140IHM 15F11106.57.00.280.040
DM 1098F1294.53.50.280.080IHM 15F10130.010.00.300.030
DM 1219F1354.05.50.590.107IHM 30F1290.05.00.400.080
DM 269F11115.05.00.250.050IHM 33F11113.02.00.200.100
DM 404F1370.05.00.650.130IHM 39F1290.08.00.280.035
DM 868F1264.08.00.480.060IHM 40F1287.55.50.500.090
DM 902F1351.03.50.530.150IHM 41F1281.54.50.500.110
DM 947F11112.03.00.210.070IHM 43F1292.08.50.680.080
DN 1F12127.01.50.230.150IHM 46F1287.07.00.250.035
DN 13F12145.54.00.360.090IHM 50F1236.025.01.000.040
DN 17F12164.02.00.700.350IHM 51F1235.025.00.500.020
DN 18F12149.05.00.370.074IHM 53F1213.07.00.230.033
DN 20F12157.03.50.240.067IHM 54F1221.013.00.520.040
DN 5F12128.02.00.320.160IHM 56F1285.05.50.280.050
DN 6F12146.02.00.380.190IHM 56F11107.09.00.360.040
DN 7F12132.05.00.510.102IHM 59F1217.510.00.630.063
DN 9F12148.010.50.940.090IHM 64F1220.02.00.280.140
DP 220F1268.03.00.240.080IHM 65F139.03.50.490.140
DP 281F1384.06.50.910.140IHM 68F1218.010.00.340.034
DP 50F1382.07.02.240.320IHM 69F1287.011.00.550.050
DP 63F1379.012.00.960.080IHM 70F12104.58.00.240.030
DP 68F1372.014.00.420.030IHM 73F11113.05.00.490.097
DR 302F1355.54.00.280.070IHM 76F11134.012.50.380.030
DR 303F1358.06.00.960.160IHM 8F1297.55.00.300.060
DR 307F1341.53.50.250.070IHM 81F12100.54.50.220.049
DR 310F1334.04.00.280.070IHM 9F12102.54.00.200.050
DR 311F1359.04.00.240.060IHR 107F1286.510.01.410.141
DR 312F1273.010.00.200.020IHR 2F1289.02.50.230.090
DR 312F1353.013.00.500.038IHR 29F1311.015.00.300.020
DR 315F1263.517.00.490.029IHR 3F1288.53.00.600.200
DR 316F1257.06.00.240.040IHR 39F12118.54.50.540.120
DR 509F1345.05.50.220.040IHR 40F12119.02.50.200.080
DR 53F1280.08.00.300.038IHR 41F12117.52.50.200.080
DR 58F1278.53.00.660.220IHR 42F12119.55.00.900.180
DR 631F1254.05.50.310.057IHR 52F1293.02.00.320.160
DR 633F1256.04.00.280.069IHR 55F1288.015.52.020.130
DR 688F12121.52.00.200.100IHR 56F1288.013.51.350.100
DR 735F12106.52.00.200.100IHR 59F1289.54.50.500.110
DR 736F1346.07.50.260.034IHR 6F11108.53.50.250.070
DR 745F1393.52.50.400.160IHR 65F1173.07.00.490.069
DR 753F1199.06.00.380.063IHR 66F1166.010.00.200.020
DR 755F11117.02.50.250.100IHR 68F11112.09.00.270.030
DR 757F11106.55.50.500.091IHR 73F1380.53.50.350.100
DR 759F11110.54.00.290.073IHR 80F1358.08.00.340.043
DR 761F1298.08.00.220.028IHR 82F11109.05.50.220.040
DR 761F11106.53.00.290.097IHR 83F1287.010.00.400.040
DR 765F1298.08.50.470.055IHR 83F11105.020.00.400.020
DR 772F11110.02.00.420.210IHR 84F1281.04.50.320.070
DR 776F11102.53.50.250.070IHR 90F12116.07.00.250.036
DR 834F1371.01.50.400.267IHR 98F11113.57.50.530.070
DR 851F1335.013.01.210.093IHS 3F12106.06.50.310.048
DR 856F1345.55.00.530.105IHS 4F12110.07.00.350.050
DR 858F1341.54.50.470.105IHS 6F12106.04.50.270.060
DR 872F1343.56.50.550.085IHS 89F1225.510.00.200.020
DR 890F1371.53.50.720.206IHS 9F12112.06.50.520.080
DR 893F1372.54.00.620.155IHT 103F12101.57.00.280.040
DR 894F1375.54.50.320.070IHT 103F11126.56.00.300.050
DR 895F1373.06.00.230.039IHT 104F1289.53.50.210.060
DR 896F1299.56.50.520.080IHT 110F11131.010.00.200.020
DR 897F1299.58.00.700.087IHT 110F12107.04.50.270.060
DR 901F1378.05.00.950.190IHT 112F10129.010.50.320.030
DR 902F12104.08.00.240.030IHT 138F1316.010.00.200.020
DR 908F1376.06.50.210.032SRM 153F1236.02.00.320.160
DR 909F1379.020.51.270.062SRM 37F10113.03.50.390.110
DR 910F1378.09.00.840.093SRM 42F10112.012.51.130.090
DR 910F1295.59.50.970.102SRM 44F10103.08.00.610.076
DR 911F1380.015.00.850.057SRR 1F1125.06.00.300.050
DR 914F1373.04.00.240.060SRR 114F1176.011.00.310.028
DRJ 2F10160.54.50.210.047SRR 116F1187.04.50.490.109
DRJ 2F12126.03.00.450.150SRR 118F1176.04.50.300.067
DRJ 21F12126.512.01.240.103SRR 2F1133.52.00.200.100
DRJ 4F12127.52.50.200.080SRR 42F1226.03.00.240.080
DRM 12F11104.09.00.250.028SRR 45F1166.013.00.520.040
DRR 105F120.010.00.300.030SRR 46F1182.06.00.420.070
DRR 107F120.06.00.290.048SRR 51F1124.014.01.120.080
DRR 108F120.07.00.260.037SRR 57F1185.012.00.300.025
DRR 117F12101.53.00.210.070SRR 7F1263.05.00.250.050
DRR 119F1389.05.00.200.040SRR 70F1090.08.00.210.026
DRR 42F1365.01.50.300.200SRR 72F1087.07.00.350.050
DRR 82F11102.56.50.340.052SRR 74F1090.012.00.680.057
DRR 84F1289.08.50.260.030SRR 80F1166.58.00.800.100
DRR 93F1310.59.00.420.047SRR 83F11104.53.00.210.071
DRR 99F1242.54.00.360.090SRR 85F11100.011.00.910.083
DRR 99F1322.53.00.890.295SRR 86F1196.011.00.680.062
DRT 79F1286.07.00.210.030SRR 88F1127.55.50.530.097
DS 116F1376.05.00.330.066SRR 89F1140.012.51.830.147
DS 185F1383.07.51.430.190SRR 90F1143.520.00.560.028
DS 493F1380.04.00.440.110SRR 91F1143.53.00.200.067
DS 526F1365.02.50.230.090SRR 92F1184.58.50.540.064
DS 529F1369.04.00.400.100SRR 93F1192.013.00.640.049
DS 531F1352.05.00.200.040SRR 94F1185.022.01.720.078
DS 534F1365.02.00.240.120TRA 5F1334.53.50.250.070
DS 538F1272.03.00.450.150TRJ 22F1154.511.00.620.056
DS 683F11161.07.00.620.089TRJ 27F1178.06.00.410.068
DS 684F11161.54.00.200.050TRJ 28F1093.56.50.300.045
DS 685F11162.03.00.200.067TRT 100F1184.06.00.240.040
DS 686F11160.07.00.210.030TRT 104F1111.07.50.430.057
DS 690F12105.03.00.260.085TRT 114F1153.01.50.510.340
DS 716F1379.03.80.230.060TRT 118F1137.02.00.280.140
DS 716F1294.04.00.300.075TRT 120F1214.04.00.360.090
DW 42F1232.04.50.360.081TRT 121F1157.06.50.500.077
DW 47F1252.02.00.210.105TRT 124F1152.06.00.240.040
DW 5F1250.06.00.240.040TRT 124F1234.06.00.300.050
DW 58F1274.01.50.240.162TRT 38F1135.512.50.250.020
EM 58F13112.52.00.200.100TRT 46F1217.05.00.240.047
IHA 31F10131.07.00.470.067TRT 65F1252.09.00.270.030
IHJ 1F11106.03.50.210.060TRT 92F1059.04.00.290.073
IHJ 1F1289.05.00.300.060

 

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and was reviewed by John Mays, P.E., Chief Operating Officer for the Company and a Qualified Person under NI 43-101.

The Data Set includes historical drilling information that has been reviewed by the Company’s geological team, as well as 91 exploratory drill holes completed by the Company in a previous exploration campaign.  The Company’s review of the records and information within the Data Set reasonably substantiate the validity of this information; however, the Company cannot directly verify the accuracy of the historical data, including the procedures used for sample collection and analysis. Therefore, the Company encourages investors not to place undue weight on these results.

The Company’s current resource estimate and preliminary economic assessment dated April 21, 2015, with an effective date of January 29, 2015, for the Dewey Burdock Project primarily uses a cutoff grade of 0.05% and GT of 0.5; whereas, the intercepts identified above utilize a cutoff grade of 0.02% eU3O8 and GT of 0.2, which is consistent with other producing ISR projects in nearby Wyoming.

About Azarga Uranium Corp.

Azarga Uranium is an integrated uranium exploration and development company that controls six uranium projects, deposits and prospects in the United States of America (South Dakota, Wyoming and Colorado) and the Kyrgyz Republic. The Dewey Burdock Project, which is the Company’s initial development priority, has received its NRC License and draft Class III and Class V Underground Injection Control (“UIC”) permits from the Environmental Protection Agency (“EPA”) and the Company is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock Project, including the final Class III and Class V UIC permits from the EPA.

For more information please visit www.azargauranium.com.

Follow us on Twitter at @AzargaUranium.

For further information, please contact:

 John Mays, COO
 +1 303 790-7528
  
 E-mail: info@azargauranium.com

 

Disclaimer for Forward-Looking Information

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding its disclosure and amendments thereto. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements may include, but are not limited to, statements with respect to the Company’s continued efforts to obtain all major regulatory permit approvals necessary for the construction of the Dewey Burdock Project, including the final Class III and Class V UIC permits from the EPA, the potential to significantly expand the Dewey Burdock Project resource estimate within the NRC License boundary, larger and more continuous resource areas within the Dewey Burdock Project could achieve certain cost reductions compared to the existing preliminary economic assessment, the newly identified uranium mineralization indicates widespread potential to significantly increase the currently identified uranium resources at the Dewey Burdock Project and we look forward to completing a resource update for the Dewey Burdock Project as well as a revised preliminary economic assessment. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including without limitation: (1) the risk that the Company does not obtain all major regulatory permit approvals necessary for construction of the Dewey Burdock Project, including the final Class III and Class V UIC permits from the EPA, (2) the risk that the Dewey Burdock Project resource estimate is not significantly expanded within the NRC License boundary, (3) the risk that larger and more continuous resource areas within the Dewey Burdock Project do not achieve cost reductions compared to the existing preliminary economic assessment, (4) the risk that the newly identified uranium mineralization will not significantly increase the currently identified uranium resources, or increase them at all, at the Dewey Burdock Project, (5) the risk that the Company does not complete a resource update for the Dewey Burdock Project as well as a revised preliminary economic assessment, (6) the risk that such statements may prove to be inaccurate and (7) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and, except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the Company’s most recent MD&A filed with Canadian security regulators.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Click here to connect with Azarga Uranium Corp. (TSX:AZZ) for an Investor Presentation.

Source: www.fscwire.com

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