Azarga Metals CEO Dusty Nicol (TSXV:AZR) sees significant potential for enhancing the resource for the company’s Unkur copper-silver project in Eastern Russia.

In the interview below, Nicol highlights the work the company has done in its first three quarters on the property, including the release of a maiden resource estimate, which Nicol believes could be at least doubled in the next round of exploration.

Below is a transcript of our interview with Azarga Metals CEO Dusty Nicol. It has been edited for clarity and brevity.

Investing News Network: Please give our investor audience an overview of Azarga Metals and its flagship property, the Unkur project in Eastern Europe.

Azarga Metals CEO Dusty Nicol: Azarga Metals is a single-asset company focused on the Unkur copper-silver deposit in Eastern Russia. The project was discovered during the Soviet era of exploration, where it was characterized as a large, high-grade silver-copper deposit with a historical resource estimate of 65 million tonnes of mineralization.

We have been working on the project for the last year and a half and have published our maiden NI 43-101 resource estimate, which outlines 42 million tonnes of mineralization at 0.9 percent copper equivalent. The mineralization remains open in both directions and at depth, and we are confident that we will at least match or exceed the Soviet-era size and grade estimates.

The project is located 25 kilometers from the town of Chara, a major center of the trans-Baikal railway. The project itself is 7 kilometers away from the railway and 5 kilometers away from major regional power lines, providing excellent access and infrastructure.

INN: How does Russia compare to other mining jurisdictions in the world?

DN: Having worked in over 70 countries to date, I believe that Russia is an easy country to work in. The climate is quite favorable for foreign investors, and our area in Eastern Russia has been earmarked by the federal government for development. This means that in the future our project might see tax breaks and direct investment from the Far East Development Fund to help project economics. Environmental regulations in Russia are also straightforward and help hold the project up to international standards.</