Anglo Asian Mining, gold, copper and silver producer focused on Azerbaijan, shared a JORC compliant mineral resources for its Zafar polymetallic deposit which is located in the Company’s Gedabek contract area in western Azerbaijan.
The company shared that Zafar showed 6.8 million metric tons of mineralization with average grades of 0.5% copper, 0.6% zinc and 0.4 grams of gold per metric ton. The in-situ mineral resource in the project was shared as 28,000 tons of copper, 73,000 ounces of gold and 36,000 tons of zinc.
The company noted that angled drill holes completed since the maiden Mineral Resource estimate, was published on 16 August 2021, identified voids which has resulted in a smaller resource.
Completed total 40,538 meters of drilling to date, the company noted that upper part of the resource is now defined as more massive and continuous which will result in more efficient mining. The company also stated that in the thickest intersection, over 302 meters of continuous mineralisation seen.
Anglo Asian Mining stated that preparations at the site continued at pace and that it was on track to begin production in 2023.
Anglo Asian CEO Reza Vaziri commented: “Anglo Asian is pleased to report this JORC Mineral Resource for Zafar. While this final resource estimate is not as large as initially evaluated in our maiden JORC mineral resource, it is a considerable asset that adds significant value to our growing portfolio of resources. The upper part of the deposit is now defined as more continuous, which can be mined more efficiently and economically. Preparations at the site continue at pace, and we are on track to begin production in 2023. We look forward to updating the market on its progress.”
Anglo Asian Vice-President, Stephen Westhead commented: “This Mineral Resource estimate is now very robust under the criteria of the JORC reporting Code. The deposit can be broadly divided into an upper and lower section. The upper portion contains the main mineralisation zone where continuity of mineralisation provides for a high confidence of estimation. The lower portion exhibits less continuity with mineralisation being less massive and more irregularly distributed. The lower portion will be subject to further evaluation drilling in the future from underground.
We are now proceeding with Ore Reserves estimation and mine planning. The location of the underground portal has been defined. Following further geotechnical drilling, access tunnelling and development work will commence this year.”
