Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has announced further drill results at the Gilar deposit in Azerbaijan which confirm an extension to the mineralisation reported by previous drilling, with intercepts of up to 68 metres of continuous gold and copper mineralisation.
Among the highlights was a 68.35 metre intercept grading 2.40 grams per tonne gold, 2.89% copper and 1.58% zinc from a depth of 320 metres.
The results come from the extension drilling of six vertical core drill holes at the south-west of the Gilar site. The drilling has demarcated six zones of mineralisation. Two further inclined drill holes in the south-west of Gilar are now complete and subject to verification and analysis.
These results give additional confidence to the decision to start the construction of a tunnel at Gilar for underground access suitable for exploration and production, the company said. The new drill results are likely to increase the recently reported preliminary resource estimate, it added..
"Gilar continues to deliver exceptionally good grades of gold and copper over significant thicknesses of mineralisation,” said Stephen Westhead, vice-president of Anglo Asian in a statement.
“This will clearly increase the mineral resources of the deposit. The discovery of free gold at Gilar will mean adjusting our approach to processing the deposit, with preliminary metallurgical testwork planned to optimise the recovery of metals. The team are very excited to progress this project at pace and begin production," he added.