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Anglo Asian Mining Plc
Summary
| Project: | Gedabek | |
|---|---|---|
| Deposit: | Gedabek | |
| Location: | Azerbaijan | |
| Commodities: | Gold-Silver | |
| Date: | 9/17/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-9-2018: Anglo Asian Mining Plc announces an Exploration/Drilling Update report for its Gedabek deposit at the Gedabek project. Drilling results incl. 35.00m @ 1.10g/t Au, 8.52g/t Ag, 0.55% Cu from 25.0m. Significant exploration activity was carried dur | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Westhead (Internal) | |
| ABSTRACT: | Significant exploration activity was carried during the first half of 2018, mainly at the Gedabek contract area (“Gedabek”), but also at the Ordubad contract area (“Ordubad”). A summary of the key exploration activity carried out at each main target area is as follows: The Ugur exploration area is located in the Gedabek ore district, which is part of the Shamkir uplift of the Lok-Karabakh island arc volcanic structural-formation zone in the Lesser Caucasus Mega-anticlinorium, Azerbaijan, Western Asia. The main Ugur gold deposit is located within the Gedabek-Bittibulag regional deep fault system. The gold mineralisation developed mainly during the Upper Bajocian tectonic-magmatic cycle. During Upper Bajocian times, the central tectonic zone formed a right-lateral strike-slip fault represented by a number of sub-parallel-trending faults (55-85º) with a combined length of 1.0 to 1.5 kilometres. The Ugur gold deposit was emplaced at the intersection of NW, NE, N and E trending structural systems regionally controlled by a first order NW transcurrent structures. The fault dips between 70º to 80° to the north-west. The faults of the central zone control the hydrothermal metasomatic alteration, gold mineralisation, Upper Bajocian Atabek-Slavyanka plagiogranite massive intrusion, and in some cases are the borders of the elevated tectonic blocks formed by Lower Bajocian volcanic rocks. In cross-section, the geological sequence is dominated by secondary quartzites (strongly altered rhyolite) being formed under the influence of the Atabek-Slavyanka plagiogranite intrusion observed in exposures to the north of the gold mineralisation area. The oxide mineralisation zone thickness within the area varies between 80 to 120 metres. The deposit is currently being mined and exploration activity has focused to assess potential extensions to the deposit. | |
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