Azerbaijan's Azergold Starts Mining At Tulallar Gold Deposit
Date
2/14/2023 5:15:11 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 14. Azerbaijan's AzerGold CJSC has started mining at the Tulallar gold
deposit, located on the administrative territory of the Goygol
district, trend reports.
The first mountaintop removal process at the gold
deposit was held on one of the most significant days for the
company - February 11, 2023, on the 8th anniversary of the
foundation of the joint-stock company by the decree of the
President of the Republic of Azerbaijan, Ilham Aliyev.
The Tulallar gold deposit was discovered during the
Soviet period but has not been extensively explored. Since 2017,
the company's geologists have conducted extensive research, and in
2022, Micon International Co. Limited's international authoritative
consultant initially approved reserves of 298,000 ounces of gold in
the earth's bowels and 85,000 ounces as recoverable volume. At the
moment, the deposit is on the state balance sheet.
In general, the commissioning of the deposit will have
a positive impact on the increase in employment by creating new
jobs in the region. In addition, this will lead to the development
of Azerbaijan's non-oil sector and further improvement of the
welfare of the population of Dashkasan and Goygol districts.
The Tulallar deposit is the fourth gold deposit put on
commission by the AzerGold CJSC. The deposit is aimed at expanding
the volume of the extractive industry, turning the rich mineral
resource potential of the republic into sustainable development,
and contributing to the socio-economic development of the
country.
Considering that the mentioned deposit is the main
part of the Chovdar Integrated Regional Processing Site, the work
carried out as a whole will make an additional contribution to
ensuring the sustainability of the socio-economic progress of the
Ganja-Dashkasan economic region by increasing the life cycle of the
regional processing site.
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