Anglo Asian Mining, the AIM-listed gold, copper, and silver producer focused on Azerbaijan, has announced the completion of a maiden JORC Mineral Resource for its Gilar polymetallic deposit prepared by Mining Plus UK.
The Gilar deposit was confirmed to have 6.10 million t of mineralisation with average grades of 0.88% for copper and 1.30 gpt of gold.
Gilar deposit highlights:
6.10 million t of mineralisation with average grades of 0.88% copper, 0.75% zinc and 1.30 gpt of gold.
5.90 million t of mineralisation within the Measured plus Indicated JORC categories.
In-situ Mineral Resource of 54 000 t of copper, 255 000 oz of gold and 46 000 t of zinc.
135 drill holes (117 vertical and 18 inclined) with a total length of 42 821 m used for the maiden Mineral Resource estimate.
145 drill holes were completed for a total length of 46 409 m.
Reza Vaziri, CEO of Anglo Asian, commented:
“We are proud to present the maiden mineral resource estimate for the Gilar deposit under the JORC reporting code, which marks a significant milestone for the asset and reflects our commitment to international best practice. It is a great step forward in understanding its geo-positioning, mineralisation geometry, and importantly the significant value opportunity it offers our stakeholders.”
Stephen Westhead, Vice-President of Anglo Asian, commented:
“This maiden mineral resource estimate under the JORC reporting code is now very robust given the quantity of drilling that provided confidence in the mineral continuity. Tunnelling to access the mineralisation is progressing. To complement future underground drilling, further surface drilling will test the extension of the upper zones upon completing the ongoing geophysical investigation.
“The Gilar mine will be an important contributor to the future production of the company, given its high grades of both gold and copper. The mine’s production will be critical to bridge the gap between declining grades at our existing mines at Gedabek and our larger, new concessions entering production in the medium-term.”
Source: Global Mining Review
