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Airborne Geophysical Survey at Gedabek
Airborne Geophysical Survey at Gedabek.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 5837A Anglo Asian Mining PLC 13 September 2018 \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n13 September 2018\nAnglo Asian Mining plc\n \nFirst Comprehensive Review of Gold and Copper Occurrences at Gedabek via Airborne Geophysical Survey\n \nAnglo Asian Mining plc (\"Anglo Asian\" or the \"Company\"), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to announce its plans to carry out an airborne geophysical survey (the \"Survey\") over the entire Gedabek contract area (\"Gedabek\") in Azerbaijan to identify additional gold and copper mineralised occurrences and generate future drill targets. Geotech Limited, one of Canada's leading airborne geophysical companies, has been contracted to conduct the Survey.\n \nOverview\n \n· First airborne geophysical survey to be launched over the entire 300 square kilometre Gedabek contract area in Azerbaijan in the coming weeks\n· The Survey is intended to identify additional gold and copper mineralised structures to provide a pipeline of new targets to enhance Anglo Asian's long-term production profile (2018 production forecast: 78,000 to 84,000 gold equivalent ounces)\n· Anglo Asian has demonstrable ability to rapidly move from first discovery to production as evidenced by the Ugur open pit mine (11-month lead time from discovery to gold pour)\n \nAnglo Asian Group Director of Geology and Mining, Stephen Westhead commented, \"This is the first comprehensive survey not only of the entire Gedabek site but is the first of its type to be carried out in Azerbaijan. It is an important milestone in realising Gedabek's significant mineralisation potential. We are already aware of many gold and copper mineral occurrences at Gedabek, and this survey should provide information on mineralisation trends at depth, thus allowing for focused future ground-based follow-up work. \n \n\"I am delighted that Geotech Limited will carry out this airborne geophysical survey and I am also very pleased that the Ministry of Emergencies of the Republic of Azerbaijan has agreed to assist us by providing helicopter services.\"\n \nAirborne geophysical survey of Gedabek\nA heli-borne electromagnetic survey will be carried out over th...