Anglo Asian Mining PLC (AIM:AAZ, FRA:A4A, OTC:AGXKF), a copper and gold producer in Azerbaijan, highlighted its exploration progress in the first half of 2021 and said work was continuing on schedule.
The AIM-listed company said substantial drilling was undertaken in the Gedabek and Gadir underground mines, which are now connected and form one continuous tunnel system.
“We have made significant exploration progress in the first half of 2021, with considerable drilling undertaken during the period and the publication of a highly encouraging maiden mineral resource estimate for the Zafar deposit in July,” said vice-president Stephen Westhead.
“We are now progressing with the final mineral resource estimation for Zafar, which we expect to complete by the end of 2021, followed by mineral reserve estimation.”
“In terms of outlook, exploration is progressing well and on schedule, with ongoing work at Gadir and Gedabek and drilling set to continue over the Avshancli and Gilar areas, which are being explored with a view to supplementing the ore feed to the processing plant, ahead of the start of mining of the new Zafar resource.”
The company said it has bolstered its geology team at Gedabek, where it is bringing in new technologies and equipment to support exploration works, while initial drill holes at Gosha have already intersected gold mineralisation.