Business
Drill results extend mineralisation at Gilar
Drill results extend mineralisation at Gilar.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n\n \n31 May 2023\n \nAnglo Asian Mining PLC\nDrill results further extend mineralisation at Gilar\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 that further drill results at the Gilar deposit confirm an extension to the mineralisation reported by previous drilling, with intercepts of up to 51 metres of continuous gold and copper mineralisation.\n \nThe drilling has extended and confirmed the deeper zone of continuous mineralisation hosting significant gold, copper and zinc with intercept thickness of over 50 metres. Details of the intercepts can be found below. \n \nBorehole 22GLDD133: 51.00m @ 1.9g/t gold, 1.4% copper and 0.5% zinc from 333.00m, including:\n· 34.50m @ 2.6g/t Au, 2.0% Cu and 0.7% zinc at 1.0g/t gold cut-off from 342.50m, including at a 2.0 g/t Au cut-off\no 6.80m @ 4.0g/t Au, 6.3% Cu and 3.2% zinc from 345.50m\n \nThe Company has also commenced portal construction and tunnelling for the second ventilation tunnel at Gilar. A significant amount of portal development has been undertaken including a cut back for geotechnical purposes, reinforcement of the portal area and development of infrastructure including water, power and underground ventilation.\n \nStephen Westhead, Vice-President of Anglo Asian, commented:\n\"We are delighted to announce this extension to Gilar, which hosts exceptionally strong grades of gold and copper over significant thickness. We continue to develop the portal, and the team is making great progress with the tunnelling. Gilar is an exciting project for Anglo Asian, and we look forward to bringing it into production in the fourth quarter of this year.\"\n \nFigure 1: 3-D section showing latest drill holes.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFigure 2: Map showing location of drill holes.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFigure 3: Portal of the haulage tunnel of the Gilar underground mine \n\n\n\n\n\n\n\n\n\n\n\n\n\nDetails about the drilling at Gilar\nThe Company is updating its databases to incorporate the increasing amount of information collected about each deposit. The Gilar database is being updated as results of drilling and underground geological mapping of the tunnels is completed ...