Anglo Asian Mining Eyes To Boost Gold Output On Azerbaijan's New Deposit
Date
2/21/2023 1:05:43 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 21. Anglo Asian
Mining PLC (AIM) company expects more production of precious metals
at the new Gilar deposit in Azerbaijan, trend reports citing
AIM.
According to the company, new drill results at the deposit
confirm this expectation.
AIM stressed that continuous gold and copper mineralization is
expected to be extended up to 68 meters compared to previous
drilling.
Besides, according to the company, the new results encourage the
construction of a tunnel at Gilar for exploration and
production.
The company also stressed that it has already started updating
its databases about each deposit and that the new data will allow a
significant increase in the previous estimates on precious
metals.
Previously, the company said that the Gilar deposit contains
over 135,000 ounces of gold, 21,500 tons of copper, and 23,000 tons
of zinc.
The main activity of Anglo Asian Mining in Azerbaijan is focused
in Gadabay, and this year the 'Zafar' deposit is planned to be
commissioned in the Gadabay district. In addition, in the coming
years, Anglo Asian Mining plans to put into operation such contract
zones as 'Garadagh', 'Kharkhar' and 'Damirli'. On the liberated
territories, the company has already started the exploration of the
Vezhnali gold deposit in the Zangilan district.
Anglo Asian Mining mainly exports gold bars produced in
Azerbaijan to Switzerland, and copper to Georgia, Uzbekistan, and
Türkiye.
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