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Anglo Asian Mining Plc
Summary
| Project: | Gedabek | |
|---|---|---|
| Deposit: | Gedabek | |
| Location: | Azerbaijan | |
| Commodities: | Gold-Silver | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-9-2018: Anglo Asian Mining Plc announces a Resource Estimation report for its Gedabek deposit at the Gedabek project. Updated Mineral Resources and Reserves for Gedabek. Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM listed gold, copp | |
| Resources: | (Reserve, P+P): 12.1Mt @ 0.9g/t Au, 8.9g/t Ag, 0.3% Cu | |
| CP/QP: | [Resources]: Stephen Westhead (Internal) | |
| ABSTRACT: | Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer, is pleased to announce updated Mineral Resources and Mineral Reserves, estimated in accordance with the JORC (2012) code, for the Gedabek open pit located at the Company's Gedabek licence area ("Gedabek") in Western Azerbaijan. The resource estimate is based on a robust geological model, which benefits from information gathered during the mining of the deposit, recent geological work and exploration drilling. Anglo Asian CEO, Reza Vaziri, said "I am delighted to announce that, after more than nine years of mining at Gedabek, during which time Anglo Asian has produced over half a million ounces of gold, this latest JORC estimate tells us that the Gedabek ore body still contains a surface accessible resource of almost one million ounces of gold and over ninety thousand tons of copper. The economically mineable ore reserves remaining in the open pit mine amount to over 343,000 ounces of gold and more than 36,000 tonnes of copper, which will extend the life of the main pit for a further five to six years. This will give us sufficient time to complete our on-going underground explorations to determine the size and quality of the down dip extensions of the Gedabek ore body. In due course, we will have a JORC estimate of the underground resource and reserves to announce, together with a lifetime estimate for the current underground mining operations." | |
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