AzerGold CJSC, Azerbaijani leading mining company, plans to start mining at the Aghyokhush and Marah ore fields, discovered by the company geologists, in 2021, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov said at the company’s press conference on the results of 2019.
Ibrahimov added that the potential of reserves of the Aghyokhush ore field was aimed at 40,000 ounces of gold. Currently, as part of the open-pit mine exploitation project, a mine design is being developed.
Initial exploration work at the Marah ore field also yielded a positive result; additional exploration work is ongoing at the site to clarify the potential of reserves.
At the next stage, work will be continued to assess the environmental conditions.
Also, relevant exploration, research and design work will be continued in order to begin production in the northern part of the deposit located in the Goygol district, potential resources of which are estimated at 500,000 ounces of gold.
The chairman also noted that as a result of recent personnel and structural reforms in Azerbaijan, the country’s economic development had moved to a new level.
“State programs and specific measures implemented by the country’s leadership in connection with the development of the non-oil sector open up wide opportunities for Azerbaijan to diversify the economy and develop new industries. These prospects set serious goals for the country’s leading mining company. These goals related to the need to make a major contribution to the sustainable development of the country and develop the gold mining potential in Azerbaijan,” Ibrahimov said. (Trend/Ukrainian metal)