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Significant mineralisation in Gilar drill results
Significant mineralisation in Gilar drill results.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \n \n 8 December 2022\n \n \n \n \n \n \n Anglo Asian Mining PLC\n \n \n \n \n Significant mineralisation in Gilar drill results\n \n \n \n \n Results advance development schedule for the Gilar Mine\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 drill\n results at the Gilar deposit\n confirming over 60 metres of thick and continuous gold and copper mineralisation.\n \n \n \n \n \n The results derive from\n the final stage of the first phase of vertical core drilling at Gilar. The drilling has demarcated six zones of mineralisation with the latest drilling defining a deeper zone of continuous mineralisation hosting significant gold, copper and zinc values.\n \n \n \n \n \n Given the continuity and grade of the latest drillhole mineral intercepts, as well as the depth of the mineral zone, a project for underground access with a tunnel suitable for production as well as additional exploration, is being planned.\n \n \n \n \n \n \n Borehole 22GLDD118: 67.0m @ 2.02g/t gold, 1.58% copper and 1.58% zinc from 327m, including:\n \n \n \n ·\n \n 51.0m @ 2.54g/t Au, 2.00% Cu and 2.1% zinc at 1.0g/t gold cut-off from 335m, including at a 2.0 g/t Au cut-off\n \n \n \n o\n \n 17.8m @ 4.31 g/t Au, 3.14% Cu and 2.25% zinc from 335.70m\n \n \n \n o\n \n 10.5m @ 2.21 g/t Au, 0.41% Cu and 0.13% zinc from 375.5m\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Figure 1: Cross section showing latest drill hole.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Figure 2: Map showing location of drill holes.\n \n \n \n \n \n \n \n Stephen Westhead, Vice-President of Anglo Asian, commented:\n \n \n \n \n \"The extensive mineral zone thickness, continuity and grade of the recent drill intersections mean that Gilar can now be considered of high potential to provide significant gold and copper production. We are currently in the process of planning our approach to gaining underground access for exploration and drilling, and I look forward to updating you on our progress in the coming weeks.\"\n \n \n \n \n Details about the drilling at Gilar\n \n \n \n As detailed in the Company's RNS on 2 November 2022, the initial database and geological modelling are complete for estimation of ...