Anglo Asian Mining PLC (AIM) company expects higher production of precious metals at the new Gilar deposit in Azerbaijan.
According to the company, new drill results at the deposit confirm this expectation.
AIM stressed that continuous gold and copper mineralization was expected to be extended up to 68 meters compared to previous drilling.
Besides, according to the company, the new results encourage the construction of a tunnel at Gilar for exploration and production.
The company also stressed that it had already started updating its databases about each deposit and that the new data would allow a significant increase in the previous estimates on precious metals.
Previously, the company said that the Gilar deposit contained over 135,000 ounces of gold, 21,500 tons of copper and 23,000 tons of zinc. (Trend/Ukrainian metal)