Azarga Metals Corp (CVE:AZR) has revealed that its Unkur copper-silver project won a Gold Prize at the MineInvest competition for the best mining investment projects at the 15th Russian Mining and Exploration forum Minex Russia 2019, that took place in Moscow on the 8-9 October.
In a statement, Azarga Metals said the objective of the competition is to provide a platform for independent evaluation of early stage and developing mining projects and to discuss opportunities for their accelerated implementation with the assistance from investors and financial backers developing mining projects in the Russian Federation.
READ: Azarga Metals shares soar as it starts 6,000m drilling program at Unkur copper and silver project
It noted that the 1st Mining Projects Accelerator competition was judged by a jury that included top management of the leading Russian gold mining companies and the industry bodies.
The Unkur copper-silver project was presented to the jury by Dr. Alexander Yakubchuk, Vice President Exploration for Azarga Metals.
The company is a mineral exploration and development company that owns 100% of the Unkur Copper-Silver Project in the Zabaikalsky administrative region in eastern Russia.
On completion of a first phase physical exploration program in 2016-2018, the company estimated an Inferred Resource of 62 million tonnes for the project at 0.53% copper and 38.6 grammes per tonne (g/t) of silver for the project.
Earlier this week, Azarga Metal shares jumped after the company told investors that a 6,000 meter core drilling program had kicked off at Unkur.
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