# Azarga Metals 2026 Marg Project Drill Program; Keno Hill District, Yukon Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54 Original source: https://money.tmx.com/en/quote/AZR/news/6783426926147423/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon Publisher: tmx Original announcement: 2026-06-23T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Azarga Metals Corp. - Ticker: AZR - Exchange: TSX - Region: Yukon Territory, Canada - Primary commodity: Copper - Secondary commodities: Zinc, Gold, Silver, Lead - Document categories: Resource update, Other - Extracted: 2026-09-19 10:45:55 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Azarga Metals has announced a new 3,000-metre diamond drilling program at the Marg VMS project in the Yukon, scheduled to commence in August 2026. The program aims to test high-priority targets and extend known mineralization from the company's maiden NI 43-101 resource estimate. Reasoning: The announcement outlines a new exploration drill program targeting extensions of a previously defined maiden resource. While the drill results themselves are not yet available, the program is well-defined and targets high-priority anomalies. - Positive factor: Planned 3,000m drill program to test high-priority targets - Positive factor: Existing maiden NI 43-101 resource provides a solid baseline - Positive factor: VMS deposit type with high-grade copper-rich characteristics Facts used in scoring: 12 ## Classification and evidence **Step-Out Extension** Polarity: positive Story-specific tag Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling targets extensions of previously intersected mineralization and undrilled anomalies. Evidence · text > Drilling will target extensions of previous mineralized intercepts, as well as several undrilled structural and geochemical anomalies **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The company refers to its maiden NI 43-101 resource estimate from August 2025. Evidence · text > Azarga's maiden NI 43-101 resource estimate in August 2025 **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release names a Qualified Person \(Charles J. Greig\) who reviewed and approved the disclosures. Evidence · text > Charles J. Greig, MSC, P. Geo, a Qualified Person as defined by NI 43-101, has reviewed and approved the exploration information disclosures ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Resource Estimates (12) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-0) Marg Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:7ac195e7772086798218 - Deposit or zone: Marg #### Resource Data - Category: indicated - Tonnes: 4300000 - Grade: 1.3 - Grade Unit: % - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.9 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical indicated resource component from the maiden estimate. Evidence · table > 1.3 Context: 4.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-1) Marg Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: lead - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:7ac195e7772086798218 - Deposit or zone: Marg #### Resource Data - Category: indicated - Tonnes: 4300000 - Grade: 1.7 - Grade Unit: % - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.9 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical indicated resource component from the maiden estimate. Evidence · table > 1.7 Context: 4.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-2) Marg Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: zinc - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:7ac195e7772086798218 - Deposit or zone: Marg #### Resource Data - Category: indicated - Tonnes: 4300000 - Grade: 3.2 - Grade Unit: % - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.9 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical indicated resource component from the maiden estimate. Evidence · table > 3.2 Context: 4.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-3) Marg Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:7ac195e7772086798218 - Deposit or zone: Marg #### Resource Data - Category: indicated - Tonnes: 4300000 - Grade: 42 - Grade Unit: g/t - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.9 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical indicated resource component from the maiden estimate. Evidence · table > 42 Context: 4.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-4) Marg Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:7ac195e7772086798218 - Deposit or zone: Marg #### Resource Data - Category: indicated - Tonnes: 4300000 - Grade: 0.66 - Grade Unit: g/t - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.9 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical indicated resource component from the maiden estimate. Evidence · table > 0.66 Context: 4.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-5) Marg Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:97f3022a5ebbbf4703cb - Deposit or zone: Marg #### Resource Data - Category: inferred - Tonnes: 10000000 - Grade: 1 - Grade Unit: % - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical inferred resource component from the maiden estimate. Evidence · table > 1.0 Context: 10.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-6) Marg Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: lead - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:97f3022a5ebbbf4703cb - Deposit or zone: Marg #### Resource Data - Category: inferred - Tonnes: 10000000 - Grade: 1.3 - Grade Unit: % - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical inferred resource component from the maiden estimate. Evidence · table > 1.3 Context: 10.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-7) Marg Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: zinc - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:97f3022a5ebbbf4703cb - Deposit or zone: Marg #### Resource Data - Category: inferred - Tonnes: 10000000 - Grade: 2.6 - Grade Unit: % - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical inferred resource component from the maiden estimate. Evidence · table > 2.6 Context: 10.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-8) Marg Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:97f3022a5ebbbf4703cb - Deposit or zone: Marg #### Resource Data - Category: inferred - Tonnes: 10000000 - Grade: 33 - Grade Unit: g/t - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical inferred resource component from the maiden estimate. Evidence · table > 33 Context: 10.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-9) Marg Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:97f3022a5ebbbf4703cb - Deposit or zone: Marg #### Resource Data - Category: inferred - Tonnes: 10000000 - Grade: 0.54 - Grade Unit: g/t - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical inferred resource component from the maiden estimate. Evidence · table > 0.54 Context: 10.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-10) Marg Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: lead - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:7ac195e7772086798218 - Deposit or zone: Marg #### Resource Data - Category: indicated - Tonnes: 4300000 - Grade: 1.3 - Grade Unit: % - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.9 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical indicated resource component from the maiden estimate. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 1.3 Context: Indicated 4.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-2026-marg-project-drill-program-keno-hill-district-yukon--39d97a8d-0180-4cf5-ab33-262be6579f54#fact-resource-facts-11) Marg Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: Marg Project - Commodity: lead - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: AZR #### Resource scope - Estimate type: resource - Effective date: 2025-08-29T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Charles J. Greig - Resource group id: resource:97f3022a5ebbbf4703cb - Deposit or zone: Marg #### Resource Data - Category: inferred - Tonnes: 10000000 - Grade: 1 - Grade Unit: % - Cutoff Grade: 0.5 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2025-08-29 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-09-24T00:00:00.000Z #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Historical inferred resource component from the maiden estimate. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 1.0 Context: Inferred 10.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.