Anglo Asian Mining PLC, the AIM-listed gold, copper and silver producer focused in Azerbaijan, has announced that further drill results at the Gilar deposit confirm an extension to the mineralisation reported by previous drilling, with intercepts of up to 51 m of continuous gold and copper mineralization, Report informs, citing the Company.
Borehole 22GLDD133: 51.00m @ 1.9g/t gold, 1.4% copper and 0.5% zinc from 333.00m, including:
- 34.50m @ 2.6g/t Au, 2.0% Cu and 0.7% zinc at 1.0g/t gold cut-off from 342.50m, including at a 2.0 g/t Au cut-off
- 6.80m @ 4.0g/t Au, 6.3% Cu and 3.2% zinc from 345.50m
The Company has also commenced portal construction and tunnelling for the second ventilation tunnel at Gilar. A significant amount of portal development has been undertaken including a cut back for geotechnical purposes, reinforcement of the portal area and development of infrastructure including water, power and underground ventilation.
Stephen Westhead, Vice-President of Anglo Asian, commented: “We are delighted to announce this extension to Gilar, which hosts exceptionally strong grades of gold and copper over significant thickness. We continue to develop the portal, and the team is making great progress with the tunnelling. Gilar is an exciting project for Anglo Asian, and we look forward to bringing it into production in the fourth quarter of this year.”