Proactive Investors - Anglo Asian Mining PLC (LON:AAZ) told investors that the latest drill results from the Gilar deposit in Azerbaijan have confirmed an extension to the mineralisation that was previously reported, following earlier drilling.
Highlight assays from the latest batch included a 51-metre (m) continuous intersection of gold and copper mineralisation, the company noted, with an average grade of 1.9 grams per tonne (g/t) gold, 1.4% copper and 0.5% zinc.
That section also included some 34.5m at 2.6g/t, 2% copper and 0.7% zinc.
"We are delighted to announce this extension to Gilar, which hosts exceptionally strong grades of gold and copper over significant thickness,” said Anglo Asian vice-president Stephen Westhead.
The company, meanwhile, noted that construction is now underway for the portal and tunnelling for a second ventilation shaft – it is being done for geotechnical purposes, along with the reinforcement of the portal area and development of infrastructure including water, power and underground ventilation.
“We continue to develop the portal, and the team is making great progress with the tunnelling,” Westhead added.
“Gilar is an exciting project for Anglo Asian, and we look forward to bringing it into production in the fourth quarter of this year."