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Airborne Geophysical Survey Across Gedabek
Airborne Geophysical Survey Across Gedabek.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 9426H Anglo Asian Mining PLC 21 November 2018 \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n21 November 2018\n \nAnglo Asian Mining plc\nAirborne Geophysical Survey of Entire Gedabek Contract Area\n \nAnglo Asian Mining plc (the \"Company\"), the AIM listed gold, copper and silver producer in Azerbaijan, which has recently paid its first dividend, is pleased to announce an update about the airborne geophysical survey (the \"Survey\") underway at the Company's 300 square kilometre Gedabek contract area in Azerbaijan (\"Gedabek\"). The aim of the Survey is to define new drill targets and identify new mineable deposits which may provide additional producing mines at Gedabek. The Survey, which is now approximately 77 per cent. complete, is being conducted by Geotech Limited (\"Geotech\"), one of the leading global airborne geophysical surveying companies.\n \nAnglo Asian's Group Director of Geology and Mining, Stephen Westhead commented, \"Whilst production has increased steadily from our established producing assets at Gedabek, it is important that we continue to extend our exploration to unlock the significant potential of the entire Gebabek area. The Survey is intended to identify new drill targets to add additional resources and reserves to the current mine schedule and to identify potential new standalone mines, similar to our Ugur mine, which we brought into production within 12 months of first discovery.\n \n\"We are aware of multiple additional gold and copper mineral occurrences at Gedabek and preliminary results from the area surveyed to date show both magnetic and electro-magnetic anomalies relating to geological entities at depth. These will be the focus of future ground-based follow-up work.\n \n\"The Ministry of Emergencies of the Republic of Azerbaijan are providing helicopter services and are working very well together with Geotech. This comprehensive survey of the entire Gedabek area is the first of its type to be carried out in Azerbaijan. It is a significant milestone in developing Gedabek's potential and I look forward to reporting the findings of the Survey in the first quarter of 2019.\"\n \nAirborne geophysical survey of Gedabek\nA heli-borne electromagnetic and magnetic survey is underway to cover the entire Gedabek area. Th...