...

Anglo Asian Mining in Azerbaijan provides summary of geological exploration

Business Materials 25 February 2020 17:37 (UTC +04:00)
Anglo Asian Mining in Azerbaijan provides summary of geological exploration

BAKU, Azerbaijan, Feb. 25

By Eldar Janashvili – Trend:

Anglo Asian Mining PLC, the AIM listed gold, copper and silver producer focused in Azerbaijan, provided a summary of its very extensive and productive geological exploration activities in 4Q2019, at its Gedabek, Gosha and Ordubad Contract Areas, Trend reports referring to the company’s data.

"Our geological work programme continues over our three contract areas,” Stephen Westhead, Director of Geology and Mining said. “At the Gedabek contract area, work on the two new targets of Avshancli and Gilar is progressing well. Good grades at Avshancli have been returned from the surface geological work and drilling and the vein system at Gilar has been confirmed.”

“The mineralisation footprint of the Gadir underground mine has also been further extended,” Westhead added. “Additionally, we have started investigation of a new ZTEM target, Parakend Bugor which is next to Korogly.”

He said that considerable work has been carried out at Gosha which has been successful confirming the mineralisation below the existing Gosha mine. Surface geological work in the Gosha mine area also indicates the presence of gold.

"At Ordubad, the majority of the assay results from drilling at Keleki and Dirnis completed earlier in the year have now been received and show significant gold and copper grades. We have also started trench sampling at a new target "Aylis" at Ordubad and are beginning to corroborate the results of the WorldView-3 remote satellite sensing against data obtained from field geology," he said.

The tunnel development towards the mineralisation target below the Gedabek open pit is advancing at a good pace, Westhead said.

The new reports on resources and reserves are planned to be made at the Gedabek contract area in 2020. The further work is also planned to be carried out at Gosha and Ordubad.

“In 2020, we will actively continue our exploration programmes to capitalise on the significant potential upside which we believe exists across our portfolio,” Westhead added.

----

Follow the author on Twitter: @eldarjanashvili

Tags:
Latest

Latest