Anglo Asian Mining Announces Precious Metal Reserves At Azerbaijan's Zafar Deposit
Date
2/25/2023 2:11:52 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 25. Anglo Asian
Mining PLC, the AIM-listed (Alternative investment Market) gold,
copper, and silver producer, has announced the preliminary amount
of precious metals for the new Zafar field in Azerbaijan's Gadabay
district, the company told trend .
The mentioned underground mine contains 28,000 tons of copper,
73,000 ounces of gold, and 36,000 tons of zinc.
'The design is developed on ore production of 700,000 tons per
year (the volume is based on the official code for reporting
exploration results, mineral resources and ore reserves – JORC
Code). Construction has started on the two portals, which are
roughly 850 meters away from the company's existing processing
facilities and nearly 1,000 meters away from the mineralization. In
addition, earthwork for the twin portals, power and compressor
sites, as well as an area for equipment, have been completed. In
addition, the company is making efforts to establish a mine office,
workshop, and heavy equipment maintenance facilities,' the company
said.
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.
Anglo Asian Mining plans to put into operation Garadagh,
Kharkhar, and Damirli fields. The company has already commenced the
exploration of the Vezhnali gold deposit in the Zangilan
district.
Anglo Asian mainly exports gold bars produced in Azerbaijan to
Switzerland. Meanwhile, copper is exported to Georgia, Uzbekistan,
and Türkiye.
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