Anglo Asian Mining: Quality of new Deposit is above expectations 

Anglo Asian Mining PLC, the AIM-listed gold, copper, and silver producer focused on Azerbaijan, completed 35 core drill holes with a total length of 16,319 meters at the Zafar polymetallic deposit, Report informs, citing the Company’s Summary of extensive and productive geological exploration activities from 1 January to 30 June 2021.

According to the Summary, 32 of these drill holes returned grades above reportable limits.

“Drilling at Zafar continues at pace, and the Company plans to release the final resource estimation by the end of 2021, followed by the ore reserve estimation and final mine design in 2022. Mining equipment selection, staffing, infrastructure, and process design will start in late 2021, with a view to commencing production in 2023,” the Summary said.

According to Maiden Mineral Resource for the Zafar Deposit published 16 August 2021, the Deposit has 51,000 tonnes of copper, 82,000 ounces of gold, and 40,000 tonnes of zinc.