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September 17, 2018

Anglo Asian to conduct airborne survey over Gedabek area

Gold and copper producer Anglo Asian Mining is planning to undertake an airborne geophysical survey over its Gedabek contract area in Azerbaijan.

Gold and copper producer Anglo Asian Mining is planning to undertake an airborne geophysical survey over its Gedabek contract area in Azerbaijan.

The objective of the proposed survey is to identify further gold and copper mineralised occurrences to provide a pipeline of new targets for future drilling work.

“It is an important milestone in realising Gedabek’s significant mineralisation potential.”

The company has appointed Canadian airborne geophysical company Geotech to carry out the survey, which is set to begin in the coming weeks and will cover the entire 300km² Gedabek contract area.

Anglo Asian Group Geology and Mining director Stephen Westhead said: “This is the first comprehensive survey not only of the entire Gedabek site but is the first of its type to be carried out in Azerbaijan.

“It is an important milestone in realising Gedabek’s significant mineralisation potential. We are already aware of many gold and copper mineral occurrences at Gedabek, and this survey should provide information on mineralisation trends at depth, thus allowing for focused future ground-based follow-up work.”

The heli-borne electromagnetic survey will be conducted using the Z-Axis Tipper Electromagnetic system (ZTEM), which utilises the natural magnetic field of the earth.

Anglo Asian intends to enhance its production profile through new targets. Currently, the company’s 2018 production forecast stands at 78,000-84,000 gold equivalent ounces.

Anglo Asian is engaged in gold and copper mining from two open pit mines and one underground mine within the contract area.

The contract area predominantly comprises epithermal high sulphidation and low sulphidation mineralisation.

However, previous drilling carried out by the company has indicated porphyry style mineralisation.

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