Exploration and development

In 2018, Anglo Asian Mining commenced a three year comprehensive exploration programme of its three contract areas.

The exploration programme is in accordance with its commitment to be a long-term producer of precious metal and copper and is designed to increase its reserve and resource inventory at its existing operations and to facilitate the discovery of new deposits.

The exploration work uses a full range of geological exploration techniques including both surface geology and mapping and underground core and reverse circulation drilling. In addition, in 2018, the Company carried out a helicopter borne electromagnetic survey of the entire Gedabek contract area, the first such survey in Azerbaijan. The Company is also working with the Natural History Museum, London as part of their FAMOS programme who are doing whole-rock analysis of samples taken from the Ordubad contract area.

In 2019, the Company obtained WorldView-3 Satellite remote sensing imagery over the Ordubad contract area and part of the Gedabek contract area. A surface Induced Polarisation {“IP”) survey was carried out at surface over the Gadir underground mine area. The programme is now showing results with the announcement in November 2019 of two new mineral discoveries at Gedabek – Avshancli and Gilar.

In January 2021, the company announced a new copper-gold discovery at Gedabek – “Zafar”. The Maiden JORC mineral resource for Zafar deposit was released on 16 August 2021, indicating 51,000 tonnes of copper, 82,000 ounces of gold and 40,000 tonnes of zinc.

The Company regularly releases detailed reports of the results of its geological exploration programme and the latest can be accessed at the links below:

Gedabek Contract Area

Gosha Contract Area

Ordubad Contract Area