Business
29 per cent Increase in Resource at Gedabek
29 per cent Increase in Resource at Gedabek.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 8785I Anglo Asian Mining PLC 05 June 2014 \n \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n5 June 2014\nAnglo Asian Mining plc ('Anglo Asian' or 'the Company')\n29% Increase in Resource at Flagship Gedabek Gold/Copper/Silver Mine in Azerbaijan\n \nAnglo Asian Mining, the AIM listed gold producer in Azerbaijan, is pleased to announce a 29% increase in its JORC compliant gold resource at its flagship Gedabek gold/copper/silver mine in western Azerbaijan ('Gedabek') to 61,795,775 tonnes at 0.730 g/t of gold ('Au') for 1,449,537 oz in the Measured and Indicated categories. This latest resource update is primarily due to new drilling results at Gedabek leading to a reinterpretation of the mine model and accordingly the JORC resource has been adjusted for any depletion to December 2013. Gedabek's JORC reserve base currently stands at 744,038oz Au.\n \n\n\n\n\n Model of April 2014\n\n\n0.3g/t Au Cut-off\n\n\n\n\n\n\n\n\n\n\n\nCell Size: 10x10x2.5\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOxide Material\n\n\n\n\n\n\n\n\n\n\n\nGrades\n\n\n\n\n\n\n\n\n\n\n\nProducts\n\n\n\n\n\n\n\n\n\n\n\n\n\nTonnes\n\n\nAu (g/t)\n\n\nAg (g/t)\n\n\nCu (%)\n\n\n\n\n\nAu (Oz)\n\n\nAg (Oz)\n\n\nCu (t)\n\n\n\n\n\n\n\nMeasured\n\n\n12,020,215\n\n\n0.750\n\n\n6.060\n\n\n0.140\n\n\n\n\n\n289,817\n\n\n2,342,022\n\n\n16,790\n\n\n\n\n\n\n\nIndicated\n\n\n6,169,672\n\n\n0.602\n\n\n5.139\n\n\n0.154\n\n\n\n\n\n119,508\n\n\n1,019,331\n\n\n9,520\n\n\n\n\n\n\n\nMeasured & Indicated\n\n\n18,189,888\n\n\n0.700\n\n\n5.748\n\n\n0.145\n\n\n\n\n\n409,326\n\n\n3,361,353\n\n\n26,310\n\n\n\n\n\n\n\nInferred\n\n\n4,436,283\n\n\n1.201\n\n\n4.790\n\n\n0.101\n\n\n\n\n\n171,262\n\n\n14,433\n\n\n4,489\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTransitional Material\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTonnes\n\n\nAu (g/t)\n\n\nAg (g/t)\n\n\nCu (%)\n\n\n\n\n\nAu (Oz)\n\n\nAg (Oz)\n\n\nCu (t)\n\n\n\n\n\n\n\nMeasured\n\n\n4,714,927\n\n\n0.691\n\n\n4.705\n\n\n0.135\n\n\n\n\n\n104,804\n\n\n713,166\n\n\n6,385\n\n\n\n\n\n\n\nIndicated\n\n\n2,717,196\n\n\n0.602\n\n\n4.044\n\n\n0.143\n\n\n\n\n\n52,599\n\n\n353,244\n\n\n3,892\n\n\n\n\n\n\n\nMeasured & Indicated\n\n\n7,432,124\n\n\n0.659\n\n\n4.463\n\n\n0.138\n\n\n\...