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By Elena Vardon
Anglo Asian Mining PLC stated Monday that it has accomplished a preliminary maiden mineral useful resource estimate for a deposit in its Gedabek contract space in Azerbaijan.
The London-listed gold, copper and silver producer estimates the Gilar deposit has greater than 135,000 ounces of gold, 21,500 metric tons of copper, and 23,000 tons of zinc.
The mineral useful resource estimate is predicated on stage one drilling, it stated.
Anglo Asian stated preliminary earthworks to construct a portal on the website have begun and that it’ll share additional updates when tunneling works to allow drilling begin.
“As an preliminary useful resource estimate that’s more likely to be elevated with additional drilling, Gilar has the potential to offer important gold and copper mineralization from underground manufacturing”, stated Vice-President Stephen Westhead.
At 0907 GMT, shares have been down 1.5 pence, or 1.8%, at 83.0 pence.
Write to Elena Vardon at elena.vardon@wsj.com
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