32 C
Supported byspot_img

Anglo-Asian Mining Plc. aims for gold, copperand silver extraction at Azerbaijan’s Gilar deposit in 2024

Member of Europium Groupspot_img
Supported byspot_img

Anglo-Asian Mining Plc. (AAM), renowned for its expertise in gold, silver and copper extraction in Azerbaijan, is focusing on developing the Gilar deposit in the country’s western region. In 2024, AAM aims to extract 3,100 ounces of gold from this new site.

According to AAM, the target for the Gilar deposit in 2024 includes extracting 10,000 ounces of gold equivalent in precious metals and copper. This comprises 3,100 ounces of gold, 1,400 tons of copper, and 49,000 ounces of silver. The company has already deployed new mining equipment at the Gilar deposit, initiating operations to construct essential infrastructure such as the main transport tunnel, ventilation tunnel, and primary descent.

AAM anticipates accessing Zone 4’s mineralization by November 2024. This zone is reported to contain 2.4 million tons of mineralization with 1.5% copper and 1.8% gold per ton. The estimated reserves in Zone 4 include 147,000 ounces of gold valued at approximately $338 million (at $2,300 per ounce) and 38,000 tons of copper valued at about $358 million (at $9,500 per ton).

Supported by

Situated approximately 7 km from AAM’s processing facilities, the Gilar deposit forms part of the Gadabay contract area and features two types of mineralization: gold in quartz veins and gold-copper ore formation from hydrothermal solutions.

Supported byElevatePR Digital

Related News

Latin America’s chance to redefine mining and drive the global energy transition

Latin America's tumultuous relationship with mining dates back to the conquistadors' plundering of gold and silver for the Spanish crown. Following independence, the arrival...

U.S. faces critical mineral supply challenges: Urgent policy reforms required for energy security

The global shift towards electrified economies is redefining energy security, as the demand for essential metals like lithium, graphite, copper and rare earth minerals...

First Nordic Metals launches comprehensive exploration campaign on Gold Line Belt projects in Northern Sweden

First Nordic Metals Corp. has announced the commencement of its comprehensive summer and fall exploration program across its 100%-owned Gold Line belt projects in...

Vedanta finalizes $245.75 million payment, reassumes management of KCM and announces production expansion plans in Zambia

Vedanta Resources Holdings Limited (VRHL or Vedanta) has confirmed a significant milestone by paying USD 245.75 million as part of its commitment under the...
Supported by
Supported by
Supported by
error: Content is protected !!