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Azarga Metals Announces 2026 Marg Project Drill Program in Keno Hill District Yukon
Azarga Metals engaged Platinum Diamond Drilling Inc. to complete a diamond drilling program at the Company’s high-grade, copper-rich Volcanogenic Massive Sulfide Marg project located in the Keno Hill mining district of central Yukon Territory, Canada. The program is anticipated to commence in August 2026 and is designed to test multiple high-priority exploration targets identified through previous drilling, geological mapping, geophysical surveys, and geochemical sampling. Diamond drilling is expected to focus on expanding known mineralized zones while evaluating new targets with the potential to host significant copper, zinc, gold, silver, and lead polymetallic mineralization. The initial phase of the planned program consists of over 3,000 metres of drilling across eight priority holes. Drilling will target extensions of previous mineralized intercepts, as well as several undrilled structural and geochemical anomalies identified during recent field programs. There is potential to extend the current areas defined by drilling that remain open towards the east, west and down-dip. Within the Marg deposit there is one interpreted anticlinal fold hinge, but potential remains for further fold-related duplications at depth within the sequence. Azarga's maiden NI 43-101 resource estimate in August 2025 estimated 4.3 Mt of indicated resource grading 2.9% CuEq and 10.0 Mt of inferred resource grading 2.3% CuEq. The Marg Property is a VMS deposit located in the Central Yukon, approximately 40 km east of Keno City. Azarga acquired a 100% interest in the 400 mineral claims and approximately 8,400 hectares comprising the property in July 2025. The project benefits from excellent infrastructure, including an air strip, functional base camp, nearby power corridors, and proximity to established mining operations within the Keno Hill district of the Yukon. The deposit was first identified by the Geological Survey of Canada in 1965, with extensive exploration, including 119 diamond drill holes, conducted by a number of companies between 1965 and 2008. Highlights of the Marg Project Mineral Resource, at a 0.5% copper equivalent cut-off, are as follows: Indicated 4.3 Mt Cu 1.3%, Pb 1.7%, Zn 3.2%, Ag 42 g/t, Au 0.66 g/t, CuEq 2.9%; Inferred 10.0 Mt Cu 1.0%, Pb 1.3%, Zn 2.6%, Ag 33 g/t, Au 0.54 g/t, CuEq 2.3%. The Marg deposit is located on the northern part of the Marg property, where it is hosted within a 12 km long belt of Devono-Mississippian felsic metavolcanic and metasedimentary rocks belonging to the Earn Group. The host rocks to the deposit have been deformed in several phases of folding, with the result that the original massive sulphide layers commonly lie in a series of sub-parallel lenses. The sulphide layers, which reach up to 23 metres in thickness where folded in the hinge of the Marg anticline, have been defined by drilling over a strike length of 1.4 km and a down-dip distance of 700 m. The Marg property also hosts other mineralized showings, such as the Jane zone and Leyla showings. The showings, along with other showings and positive responses from geophysical surveys across the property, are suggestive of considerable VMS prospectivity on the Marg property. The initial phase of the planned program consists of over 3,000 metres of drilling across eight priority holes. Drilling will target extensions of previously intersected mineralization as well as several undrilled structural and geochemical anomalies identified during recent field programs. The figures below provide long section, plan and 3D views of the priority drill holes. CuEq is calculated as: CuEq% = Cu% + 0.1·Pb% + 0.25·Zn% + 0.62·Au (g/t) + 0.007·Ag (g/t) which was assessed based on the following metal price and recovery assumptions: Copper: USD 9,100/t; 80% recovery, 96.5% payable; Lead: USD 1,900/t; 50% recovery, 75% payable; Zinc: USD 2,600/t; 80% recovery, 85% payable; Gold: USD 3,000/oz; 50% recovery, 90% payable; and Silver: USD 32/oz; 50% recovery, 90% payable.