...

Anglo Asian Mining confirms presence of precious metals at Azerbaijan's new deposit

Economy Materials 8 December 2022 13:15 (UTC +04:00)
Anglo Asian Mining confirms presence of precious metals at Azerbaijan's new deposit
Sadraddin Aghjayev
Sadraddin Aghjayev
Read more

BAKU, Azerbaijan, December 8. Anglo Asian Mining (AAM) PLC announced drill results at the Gilar deposit confirming over 60 meters of thick and continuous gold and copper mineralization, Trend reports citing the AAM.

The results derive from the final stage of the first phase of vertical core drilling at Gilar.

"The drilling has demarcated six zones of mineralization with the latest drilling defining a deeper zone of continuous mineralization hosting significant gold, copper and zinc values. A project for underground access with a tunnel suitable for production as well as additional exploration is being planned. Additional induced polarisation (IP) geophysics is underway over the deposit itself and adjacent areas to test for extensions of the open mineralization," said the company.

Gilar is a mineral occurrence located in the Gedabek contract area approximately seven kilometers from the Company's existing processing facilities. The area hosts two styles of mineralization, gold in quartz veins and hydrothermal gold copper. A total of 118 surface core drill holes have been completed for 32,823 meters over the Gilar deposit.

Latest

Latest