Azarga Metals Corp. announced the successful completion of its induced polarization ("IP") survey at its high-grade copper-rich Volcanogenic Massive Sulphide ("VMS") Marg project (the "Marg Project") located within the Keno Hill Silver District, Yukon Territory. IP surveys have long been employed with great success on other VMS projects throughout Canada and the World to locate and define disseminated VMS alteration-associated sulphide haloes often enveloping high-grade, Au-Ag-Cu-Zn-rich volcanogenic massive sulphides such as those found at the Marg VMS deposit.

During the field program it became evident that there were strong conductive formational graphite and barren sulphide-bearing ‘marker horizons' that run the length and breadth of the Marg Project and that frequently occur as ‘cap rocks' to the underlying VMS systems. This was positive for Azarga Metals' IP program as pyrite and massive sulfide minerals were historically deposited by hydrothermal fluids. These minerals typically have a huge IP signature, especially when disseminated as smaller grain in a rock matrix. The IP survey was accomplished with 50 metre spacings and the data was collected in a Constant Separation Traverse style, along the priority lines.

The highest priority areas immediately adjacent to and over the Marg deposit were covered by the 2022 IP survey, however, due to winter weather conditions, a minor number of peripheral lines had to be deferred until a later date. The IP survey results are expected to be released in December 2022 shortly after the final processing and interpretations are completed by Abitibi Geophysics Ltd.