Anglo Asian Mining PLC, AIM:AAZ, TTC:AGXKF announced additional drill results at the Gilar deposit, Azerbaijan. These results confirm the extension of the mineralisation reported in previous drilling. The intercepts reached up to 68m of continuous gold or copper mineralisation.
One of the highlights was a 68.35m intercept that grading 2.40g per tonne gold, 2.59% copper and 1.58% zinc at a depth 320m.
These results were obtained from six vertical core drill holes that were extended at the Gilar site to the south-west. Six zones of mineralisation were identified by the drilling. Two more inclined drill holes are located in the south-west Gilar and are currently being analyzed and verified.
The company stated that these results provide additional confidence in the decision to build a tunnel at Gilar to allow underground access for exploration and production. It added that the new drill results will likely increase the preliminary resource estimate.
Stephen Westhead, vice president of Anglo Asian, stated that Gilar continues to produce exceptional grades of copper and gold over substantial thicknesses.
This will increase the deposit’s mineral resources. With preliminary metallurgical testing planned to maximise the metals recovery, the discovery of free gold at Gilar means that we will have to adjust our processing approach. He said that the team is very excited to move this project along at a rapid pace and start production.