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Significant copper identified at Xarxar
Significant copper identified at Xarxar.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \n \n 13 March 2023\n \n \n \n Anglo Asian Mining plc\n \n \n \n \n Significant copper mineralisation identified at Xarxar\n \n \n \n \n Development of Geological Block Model and Open Pit Mining Study are underway\n \n \n \n \n \n \n Anglo Asian Mining plc (\"Anglo Asian\" or the \"Company\"), the AIM listed gold, copper and silver producer primarily focused in Azerbaijan, is pleased to announce it has identified significant copper mineralisation at Xarxar. An initial exploration model of the mineralisation has been prepared. A geological block model and open pit mining study are currently being developed and will be published in the coming weeks.\n \n \n \n \n \n Anglo Asian has identified significant mineralisation at the Xarxar mineral deposit by an in-depth review and verification of data acquired from AzerGold CJSC and in-house geological field work. This gives the Company confidence that the Xarxar deposit contains significant copper mineralisation.\n \n \n \n \n \n AzerGold CJSC drilled 15 core drill holes at Xarxar with a total length of 4,923 metres. Three of the drill holes (totalling 1,140 metres) had been sampled and assayed by AzerGold CJSC. Geological core logging, sampling and assaying of the remaining drill core has been conducted by Anglo Asian. The Company has also reviewed other information acquired from AzerGold CJSC which included geochemical and geophysical data together with maps and interpretative reports.\n \n \n \n \n \n The Company commenced a core drilling programme at Xarxar immediately following its acquisition. It has also constructed a portal and is developing an exploration tunnel towards the ore body.\n \n \n \n \n \n \n \n \n Anglo Asian Vice-President, Stephen Westhead commented:\n \n \n \"We are very excited about the acquisition of Xarxar and the potential copper that it can bring to the Anglo Asian production pipeline. Surface drilling and underground exploration tunnelling is ongoing, and the Company looks forward to reporting the results soon. Metallurgical testwork is under way to assess the processing options. The Xarxar Contract Area has very good exploration potential with both known mineral occurrences and targets identified by the previously conducted ZTEM survey.\" \n \n \n \n \n About the Xarxar Contract Area\n \n \n \n The Xarxar contra...