Business
Update on the Ordubad Polymetalic Contract Area
Update on the Ordubad Polymetalic Contract Area.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 3328V Anglo Asian Mining PLC 08 April 2019 \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n8 April 2019\nAnglo Asian Mining plc ('Anglo Asian' or 'the Company')\nOrdubad Polymetalic Contract Area \nMultiple exciting targets under investigation\n $1.8 million committed for 2019 Work Programme\n \nAnglo Asian Mining plc, the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to provide a summary of its 2018 geological exploration activities and 2019 exploration plans at its 462 square kilometre Ordubad Contract Area ('Ordubad'). A detailed report of the Company's 2018 exploration work programme and results reported according to the JORC Code (2012) can be found at http://www.rns-pdf.londonstockexchange.com/rns/3328V_1-2019-4-5.pdf and on its website www.angloasianmining.com/operations.\n \nHighlights\n· Highly favourable geology indicates that Ordubad may contain multiple Porphyry mineralisation systems\n· Soviet era data indicate very large mineral resources - work now underway to verify\n· 2018 work programme included 5,504 surface samples collected and sent for analysis with results expected Q2 2019\n· 1,488 metres of linear trenching completed at Shakardara\n· National History Museum worked at Ordubad as part of its FAMOS ore deposit research programme\n· Over 5 kilometres of roads cleared to give access to mineral deposits\n· 2019 geological programme totalling $1.84 million commenced to include satellite mapping, geological mapping and sampling and circa 6,000 metres of core drilling\n \nAnglo Asian Director of Geology & Mining, Stephen Westhead, said, \"Now that Gedabek production is robust, a well-structured exploration programme to expand our mineral resources pipeline for future production is taking shape; this includes the potentially significant mineral resource wealth of Ordubad.\n \n\"Ordubad has several exciting targets all within a 5-kilometre radius. We previously worked on two of these, Piyazbashi and Agyurt, which as independent deposits are relatively small given the level of exploration. However, it is the overall picture of how these quartz-gold-sulphide deposits fit...