Gold production is expected to start in September from Anglo Asian
gold deposit in the Republic of Azerbaijan.
Anglo Asian Mining has produced gold from its flagship Gedabeck mine
since May 2009, but estimates the newly explored mining area's total
mineral resource at 199,000 ounces of gold and 1,049,000 ounces of
silver, with proven plus probable reserves of 147,000 ounces of gold
and 808,000 ounces of silver.
Ugur is located less than two miles northwest from
the company's processing facilities at Gedabek, and the Ugur
ore will be processed at the Gedabeck facility.
New information on the 1866-S No Motto coins:
Also in our last weekly issue of the month, John Kraljevich Jr.
goes into what George Washington's ledger revealed, including how
many gold doubloons he had on hand.
The mining firm anticipated hauling ore before the end of the
August to meet its September target for processing precious metals.
Also a producer of copper, Anglo Asian Mining identified significant
concentrations of gold and silver at Ugur in 2016.
Gold production in Azerbaijan more than tripled during the first seven months
of 2017 compared with the same period in 2016.
“Gold is produced at Gedabek and other Azeri mines under a joint
venture between Anglo Asian and the country’s government, which has a
49 percent stake,” according to Mining.com.
“Anglo Asian began production at Gedabek, 350 km west of the capital
Baku, in July 2009 with plans to extract 22 tonnes [metric tons] of
gold. Overall, Anglo Asian plans to exploit seven mines in western
Azerbaijan with estimated gold reserves of 430 tonnes.”