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Gedabek & Gosha Gold Mining Update Azerbaijan
Gedabek & Gosha Gold Mining Update Azerbaijan.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 6797N Anglo Asian Mining PLC 11 September 2013 \n \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n11 September 2013\nAnglo Asian Mining plc ('Anglo Asian' or 'the Company')\nGedabek and Gosha Gold Mining Exploration and Operation Update, Azerbaijan\n \nAnglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, provides an exploration and operational update from its flagship Gedabek gold/copper/silver mine ('Gedabek'), and Gosha Gold Project in western Azerbaijan.\n \nFollowing the commissioning of the Company's new Agitation Leaching Plant in June 2013, which was constructed to improve gold recovery at Gedabek, the Company is pleased to report that it has recorded its highest monthly gold production on record since the mine first poured gold in May 2009. For the month of August 2013 gold production from the agitation leaching plant and original heap leach operations totalled 7,600 ounces. The Company is due to announce its quarterly gold production figures for the three months ending 30 September 2013 in early October 2013 and the FY 2013 gold production target remains at 60,000 ounces.\n \nIn terms of exploration and development at Gedabek, in April 2012, the Company announced an updated JORC compliant resource of 48,138,979 tonnes at 0.825 g/t gold for 1,276,422 ounces of gold in the Measured and Indicated categories, and in June 2012, the Company announced a maiden minable reserve at Gedabek which totalled 20,312,879 tonnes at 1.139 g/t gold for 744,038 ounces, 0.293% copper for 59,479 tonnes, and 9.456 g/t silver for 6,175,531 ounces (see press release 07.06.12). Since then, an extensive 28,872 metre drilling programme has been completed which targeted an extension of the existing mine at Gedabek with the aim of further increasing the mineral resources and reserves as part of Anglo Asian's exploration and development programme. An updated resource report prepared by the Company's geological consultants and Competent Person, CAE Mining International Ltd ('CAE Mining'), had been expected by the end of June 2013. However, CAE Mining had experienced unforeseen delays and delivery of the report has now been promised by 30 September 2013. \n \nAt the Company's second mining operation, Gosha, which is located 50km from Gedabek, signi...