Anglo Asian Mining Plc (LON:AAZ) has completed the latest round of its JORC (Joint Ore Resource Committee) resource work at the producing Ugur gold deposit on the Gedabek licence in Azerbaijan.
The JORC Mineral Resources Report and Ore Reserves Report reiterate the previously stated JORC resources and reserves of 199,000 ounces of gold and 1,049,000 ounces of silver for Ugur.
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This includes a measured plus indicated resource of 172,000 ounces of gold and 884,000 ounces of silver and proven plus probable reserves of 147,000 ounces of gold and 808,000 ounces of silver.
Production from Ugur commenced in early September 2017, utilising the processing facilities located at the main Gedabek site.
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The processing of ore from Ugur has significantly increased Anglo Asian's total average daily gold production in September 2017, which has doubled compared to the average daily production of the previous eight months from January to August 2017.