Business

Azarga Metals Grants Stock Options and Director Resignation

VANCOUVER, BC / ACCESSWIRE / April 21, 2022 / AZARGA METALS CORP. (" Azarga Metals " or the ...

articleAzarga Metals Corp.April 21, 20224/company/azarga-metals-corp/news/azarga-metals-grants-stock-options-and-director-resignation
Azarga Metals Grants Stock Options and Director Resignation

About this update from Azarga Metals Corp.

[{"type":"text","content":"Azarga Metals Grants Stock Options and Director ResignationVANCOUVER, BC / ACCESSWIRE / April 21, 2022 / AZARGA METALS CORP. (\"Azarga Metals\" or the \"Company\") (TSXV:AZR) reports that the board of directors of Azarga Metals granted a total of 4,500,000 incentive stock options of the capital stock of the Company to directors and officers exercisable for up to a five year period at an exercise price of $0.05, being the closing share price on April 20, 2022, pursuant to the Azarga Metals shareholder approved stock option plan.Vladimir Pakhomov has resigned from the Board of Directors with immediate effect. The Board wishes to thank Mr. Pakhomov for his many valuable contributions to the Company during his tenure as a director and wish him well in the future.About Azarga MetalsThe Company owns 100% of the high-grade copper-rich VMS Marg project within the Keno Hill Silver District of the Yukon Territory. As previously announced, the Company is reviewing and re-interpreting the historic VTEM database of the airborne geophysical program to be used to refine the drill targets for the Company's planned 2022 exploration program. Drilling is expected to focus on the Marg deposit extensions and the highly prospective Jane Zone, which has the potential for another Marg-style deposit. Mineralization at the Marg project remains open along strike, down-dip and down plunge and drilling will be aimed at defining 14 to 15 million tonnes of mineralized material.Planning for the 2022 exploration program has commenced. The program will begin with rebuilding the exploration camp and mobilizing equipment in June, drilling from July to September and disseminating drill results as available from September to November. An experienced geologist in VMS deposits and a full-service contractor has been engaged to execute and oversee this plan.AZARGA METALS CORP.\"Gordon Tainton\"Gordon Tainton,President and CEOFor further information please contact: Doris Meyer, at +1 604 536-2711 ext. 3 or visit www.azargametals.com. The address of the head office of Azarga Metals is Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This n...

More updates from Azarga Metals Corp.