Anglo-Asian Mining discovers new gold and copper deposit 

Anglo Asian Mining PLC said drilling results at the Gilar deposit in Azerbaijan confirmed more than 60 metres of thick and continuous gold and copper mineralization, Report informs, citing the British company.

Drilling has demarcated six zones of mineralisation, with the latest drilling defining a deeper zone of continuous mineralisation hosting significant gold, copper, and zinc values, said the AIM-listed miner.

"The extensive mineral zone thickness, continuity, and grade of the recent drill intersections mean that Gilar can now be considered of high potential to provide significant gold and copper production," said Stephen Westhead, vice-president of Anglo Asian.

"We are currently in the process of planning our approach to gaining underground access for exploration and drilling."

Underground access with a tunnel suitable for production as well as additional exploration is being planned, the company said.

The gold, copper, and silver producer said a maiden mineral resource estimate for Gilar is nearing completion and is expected to be published in the coming weeks.