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300,000 plus tonnes of copper defined at Garadag
300,000 plus tonnes of copper defined at Garadag.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \n \n 27 March 2023\n \n \n \n Anglo Asian Mining plc\n \n \n \n \n 300,000 plus tonnes of copper defined at Garadag\n \n \n \n \n \n \n \n \n Anglo Asian Mining plc (\"Anglo Asian\" or the \"Company\"), the AIM listed gold, copper and silver producer primarily focused in Azerbaijan, is pleased to announce that an initial assessment of data relating to the Garadag porphyry copper deposit (the \"Garadag Deposit\") confirms the potential to produce over 300,000 tonnes of copper.\n \n \n \n \n \n Anglo Asian acquired historic geological data from AzerGold CJSC (the \"Data\") relating to the Garadag Deposit, which is hosted within the Garadag contract area and located north of the Company's Gedabek and Xarxar contract areas.\n \n \n \n \n \n This initial assessment by the Company has not been prepared according to the JORC Standard. The Company intends to prepare a mineral resource estimate using the JORC procedures on completion of the evaluation programme, targeting mid-2024 for the preparation of the mineral resource estimate according to the JORC code.\n \n \n \n \n \n Stephen Westhead,Vice-President of Anglo Asian, commented:\n \n \n \n \"Garadag hosts very significant quantities of copper. It has the potential to meaningfully increase our production profile and alone provides us with considerable copper mineralisation. It is an important addition to the Company's growing portfolio of copper assets.\n \n \n \n \n \"While only a preliminary assessment, we are incredibly excited by Garadag's development potential, and believe it can produce between 20,000 to 25,000 tonnes of copper per annum. We are currently conducting further validation processes to provide additional confidence, including producing a JORC-compliant mineral resource estimate.\"\n \n \n \n \n The Garadag contract area\n \n \n \n The Garadag contract area (Figure 1), which was granted to the Company in July 2022, has an area of 344 square kilometres and is located 16 kilometres to the north-north-east of the Gedabek processing facilities. In August 2022, the Company acquired drill core, assays and other data about Garadag and the nearby Xarxar mineral occurrence from AzerGold CJSC. The Data include historical drilling results from exploration carried out during the Soviet era, as well as more modern work undertaken by the tw...