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Foreign Company Estimates Reserves of Gold Mines in Azerbaijan

Business Materials 5 February 2007 12:48 (UTC +04:00)

SRK Consulting Company has estimated for Anglo Asian Mining PLC, the gold and copper development company with projects in Azerbaijan, reserves of gold-copper-silver mines of Gedebek District, west Azerbaijan, Trend reports citing Mining Journal.

The new estimate, compiled by SRK Consulting, uses data from drilling completed in 2006.

Using a cut-off grade of 0.3 g/t Au, indicated resources are estimated at 12.4 Mt at 1.5 g/t Au, 0.26% Cu and 13 g/t Ag, and inferred resources are estimated at 3.2 Mt at 1.0 g/t Au, 0.16% Cu and 9.1 g/t Ag.

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