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Azarga Metals files Unkur Preliminary Economic -plate metal expo-wire expo
10/17/2018 plate metal expo-wire expo |
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Azarga Metals Corp. has filed a technical report titled "Technical Report and Preliminary Economic Assessment for the Unkur Copper-Silver Project, Kodar-Udokan, Russian Federation" dated effective 30 August 2018 (the "Unkur PEA") for its Unkur Copper-Silver Project in Russia to support the Preliminary Economic Assessment announced on 30 and 31 August, 2018. The Unkur PEA Report was prepared in accordance with National Instrument 43-101 (Nl 43-101) and is filed on the Company''s profile on www.sedar.com and is also available on the Company''s web site. The Unkur PEA is based on the current Inferred Mineral Resource estimate for Unkur of 62 million tonnes at 0.53% copper and 38.6g/t silver, containing 328,600 tonnes (724 million pounds) of copper and 76.8 million troy ounces of silver, as announced by the Company on 27 March 2018 ("2018 Mineral Resource").
The Unkur PEA is preliminary in nature and is based on Inferred Mineral Resources that are currently considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the Unkur PEA will be realized. There is no certainty that the Inferred Resources will be converted to the Indicated or Measured categories, or that the potential Indicated or Measured Resources would be converted to the Proven or Probable Mineral Reserve categories. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
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