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It doesn’t anticipate Russia’s invasion of Ukraine to have any impression on its exploration actions
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) highlighted the progress made on its exploration tasks in Azerbaijan within the second half of final yr and reiterated that it doesn’t anticipate Russia’s invasion of Ukraine to have any impression on its present exploration actions.
“We continued to make strong progress with our exploration marketing campaign within the second half of final yr, with the thrilling discovery of the Hasan vein at Gosha,” stated vice-president Stephen Westhead.
The AIM-listed firm introduced final week that it had found the brand new Hasan gold vein, to the south of its most important Gosha gold mine in Azerbaijan, and had intercepted gold grades of as much as 229.5 grammes per tonne.
READ: Anglo Asian Mining discovers new gold vein, bonanza gold grades close to Gosha mine
“As well as, we pursued our exploration programmes at Gilar, Gedabek and Gadir with a view to strengthening our reserves base and figuring out new targets,” added Westhead.
“Our drilling programme at Zafar has continued to reveal very encouraging outcomes and we plan to start manufacturing subsequent yr, following the publication of the ultimate mineral useful resource estimate and subsequent mineral reserves estimate and mine design,” he stated.
The corporate revealed a maiden useful resource estimate for the Zafar deposit in July 2021 and expects to launch the ultimate useful resource estimate by the tip of April 2022.
Anglo Asian stated final week that its operations in Azerbaijan had been unaffected by the worldwide sanctions levied in opposition to the Russia, Russian firms and people and that it anticipated no materials impression on its provide chain or operations.
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