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Results of Helicopter-borne Geophysics Survey
Results of Helicopter-borne Geophysics Survey.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 3253X Anglo Asian Mining PLC 29 April 2019 \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n \n29 April 2019\nAnglo Asian Mining plc\nGebabek Contract Area\nResults of Helicopter-borne Geophysics Survey \n31 Highly Promising and Prospective Targets Identified\n \nAnglo Asian Mining plc (\"Anglo Asian\" or the \"Company\"), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to provide a summary of the results from its successful helicopter-borne geophysics survey carried out in H2 2018 at its Gedabek Contract Area (\"Gedabek\"). A summary report of the geophysical survey methods and results can be found at http://www.rns-pdf.londonstockexchange.com/rns/3253X_1-2019-4-28.pdf and on its website www.angloasianmining.com/operations. A separate report has also been released today giving details of the results of other geological exploration at the Gedabek and Gosha contract areas in 2018.\n \nHighlights\n \n· The helicopter-borne electromagnetic and aeromagnetic survey, a first for the Company and Azerbaijan, was completed over Gedabek and extended areas in H2 2018 \n· Multiple, highly promising and prospective, mineral targets were identified:\no 25 targets favourable for epithermal and porphyry mineralisation\no 6 magnetic targets consistent with porphyry systems\n· Selection of the most promising targets and planning for their detailed investigation is now underway\n· The survey utilised the Z-Axis Tipper Electromagnetic system (\"ZTEM\") and a high sensitivity magnetometer - especially suitable for porphyry copper-gold and epithermal copper-gold-silver exploration\n· A total of 3,385 linear kilometres of geophysical data were acquired over the survey area\n \nAnglo Asian Director of Geology & Mining, Stephen Westhead, commented, \"The survey was a great success and the very encouraging three-dimensional results provided a significant number of potential copper and gold bearing targets. In total, it has identified 25 epithermal and six porphyry precious and base metal targets. We are now busy on the next stage of the work which is ranking the geophysical signatures by integrating the geophysi...