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Anglo Asian Mining Plc
Summary
| Project: | Gedabek | |
|---|---|---|
| Deposit: | Ugur | |
| Location: | Azerbaijan | |
| Commodities: | Gold-Silver | |
| Date: | 6/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-6-2019: Anglo Asian Mining Plc announces a Resource Estimation report for its Ugur deposit at the Gedabek project. Reserve estimate for project. Datamine International was requested by Azerbaijan International Mining Company (AIMC) [Anglo Asian | |
| Resources: | (Reserve, P+P): 3.59Mt @ 1.3g/t Au, 7.0g/t Ag | |
| CP/QP: | [Overall Report]: Stephen Westhead (Internal) | |
| ABSTRACT: | Datamine International was requested by Azerbaijan International Mining Company (AIMC) [Anglo Asian Mining plc], to estimate the mineral reserves for the newly defined Ugur mineral deposit located in Gedabay area in the Republic of Azerbaijan. The estimation was completed in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The Joint Ore Reserves Committee, 2012). The mineral reserve estimate is based on the latest Mineral Resource estimate (August 2017) which takes into consideration geological exploration information from year 2016 and 2017, including results from exploration drilling campaigns. A total of 11,042 samples were taken from 11,127 metres of drilling that resulted from 141 reverse circulation (RC), Diamond Core (DD) and Geotechnical drillholes. The main objectives of the drilling campaign were to increase the level of geological knowledge and to provide confidence in the quantity (tonnage) and quality (gold, silver and other elements) estimates while focusing on continuity. The Resource Estimate was classified into Measured, Indicated and Inferred mineral resources based on a cut- off grade greater than or equal to 0.2 grammes per tonne (g/t) of gold (Au). The results for the resource estimate are summarised in the Table 1-1 below; | |
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