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Mineral Resource Estimate completed at Gilar
Mineral Resource Estimate completed at Gilar.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \n \n 19 December 2022\n \n \n \n \n \n \n Anglo Asian Mining PLC\n \n \n \n \n Preliminary Mineral Resource Estimate completed at Gilar\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 focused in Azerbaijan, is pleased to announce\n the completion of a preliminary maiden Mineral Resource Estimate (\"MRE\") of the Gilar deposit, which contains over 135,000 ounces of gold, 21,500 tonnes of copper, and 23,000 tonnes of zinc.\n \n \n \n \n \n The MRE (which is not a JORC resource) was compiled by an independent consultant and is based on stage one drilling. The resources have been estimated using the JORC guidelines, but because the estimate is subject to validation classes 1, 2, and 3 are stated, instead of the usual Measured, Indicated and Inferred classifications.\n \n \n \n \n \n The site location for the portal has been finalised in order to enable tunnelling to commence. Preliminary earthworks for portal construction are underway and the Company looks forward to updating on the commencement of tunnelling.\n \n \n \n \n \n \n Stephen Westhead, Vice-President of Anglo Asian, commented:\n \n \n \n \n \"As an initial resource estimate that is likely to be increased with further drilling, Gilar has the potential to provide significant gold and copper mineralisation from underground production. This will prove critical as we bridge the gap between declining grades at Gedabek and our larger, new concessions entering production in the medium-term.\n \n \n \n \n \n \n \n \n \n \"Given the considerable depth of the mineralisation, an underground tunnel will be constructed for further drilling. I look forward to updating on this in the near future.\"\n \n \n \n \n \n \n \n Preliminary Maiden Mineral Resource Estimate\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Tonnes\n \n \n \n \n (Mt)\n \n \n \n \n \n \n Gold\n \n \n \n \n (g/t)\n \n \n \n \n \n \n Copper\n \n \n \n \n (%)\n \n \n \n \n \n \n Zinc\n \n \n \n \n (%)\n \n \n \n \n \n \n Gold\n \n \n \n \n (Oz)\n \n \n \n \n \n \n Copper\n \n \n \n \n (T)\n \n \n \n \n \n \n Zinc\n \n \n \n \n (T)\n \n \n \n \n \n \n \n Class 1+2\n \n \n \n \n 2.41\n \n \n \n \n 1.22\n \n \n \n \n 0.62\n \n \n \n \n 0.66\n \n \n \n \n 94,500\n \n \n \n \n 14,800\n...