Business
New Copper and Gold Discovery at Gedabek
New Copper and Gold Discovery at Gedabek.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0873M\n Anglo Asian Mining PLC\n 19 January 2021\n \n \n \n \n \n Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n \n \n \n \n \n 19 January 2021\n \n \n \n \n \n Anglo Asian Mining plc\n \n \n New Copper and Gold Discovery at its Gedabek Licence Area\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 a new copper-gold discovery, \"Zafer\", within the central region of its Gedabek Contract Area (\"Gedabek CA\") in western Azerbaijan. \n \n \n \n \n \n This discovery resulted from a regional exploration field mapping programme following the identification of structural trends by the ZTEM geophysics programme. A short report on Zafer can be found at the following link \n http://www.rns-pdf.londonstockexchange.com/rns/0873M_1-2021-1-18.pdf and on the Company's website (www.angloasianmining.com).\n \n \n \n \n Highlights\n \n \n · \n Copper-gold mineral occurrence discovered approximately 1.5 kilometres northwest of the Company's Gedabek processing plant\n \n \n · \n Discoveries made through follow-up of field mapping associated with three ZTEM targets\n \n \n · \n Significant drill hole intersection of copper-gold mineralisation - 113 metres at 0.5 per cent. copper and 0.7 grammes per tonne gold\n \n \n · \n Maximum grades within all drill holes to date of up to 6.0 per cent. copper, 14.6 per cent. zinc and 12.4 grammes per tonne gold\n \n \n · \n Initial phase of core drilling has commenced, which has provided significant mineralised intersections\n \n \n · \n Ground-based geophysics carried out to target drill programme\n \n \n \n \n \n \n Reza Vaziri, CEO and President, commented:\n \n \n \n \"We are delighted to report the discovery of Zafer, an exciting mineral occurrence within the Gedabek contract area. This discovery demonstrates our belief in the on-going potential of the Gedabek contract area and the effectiveness of our geological exploration programme.\n \n \n \n \n \n \n \n \n \n \n \"The Company is undertaking the work necessary to produce JORC estimates for the new discovery and to determine the best way to commercially exploit the mineral occurrence. I \n \n \n look forwar...