INTERCEPTS Sat 23/08/2014

Anglo Asian posts 750,000oz maiden gold resource

8th Jun 2012

JUNE 8 – Anglo Asian Mining has disclosed a maiden JORC-compliant ore reserve of 744,038oz gold at its Gedabek gold-copper-silver mine in the Republic of Azerbaijan, more than double the 2007 internal estimate of 311,000oz prior to the mine’s construction.

The total mineable reserve of 20,312,879t at 1.139g/t gold, 0.293% copper (59,479t) and 9.456g/t silver (6,175,531oz) is derived from the total measured and indicated mineral resource of 37.1Mt at 0.884g/t gold (1,054,382oz), 0.22% copper (81,765t) and 7.215g/t silver (8,608,551oz).

The reserve report by CAE Mining International excludes an estimated 90,000oz gold currently stacked on the leach pad or unrecovered from the leach process.

CEO Reza Vaziri says plans to build an agitation leaching plant to supplement the heap leach operation will significantly improve gold recovery rates, improving the life of mine and economic fundamentals.



Also in the May 30 - June 5, 2012 edition

DiamondCorp sets up finance for Lace
Geopolitical forces reshaping West African view
Local and global pressures take toll on Eastplats
Play time for Papillon
Momentum shifts
At your service
Manufacturing growth
Build it, and they will come
Research targets dragline cost
Holding back to move forward
CEEC aims to find answers
METS sector to feature at Minerals Week; plus updated mining events diary 2012
Truckless in Bali
Highlands highs and lows
Syndicate formed, now for the drilling
Nautilus cops double whammy
Venturing out not for faint-hearted
Kimberley gold story has familiar tone
And Barloworld makes five
ETF trucks bound for Brazil
Heavy Metal in brief: ABB, Keech, Ludman
Digging deeper reveals greater riches
$55M raising to get Namakwa cash positive this year
$6.4B Alpha project faces new environmental hurdles
$6.4B Alpha project go ahead unlikely for months
94% underground upgrade for WSA’s Spotted Quoll
AmmLeach pilot plant produces first metal
Aurizon confident of more at its Joanna gold project
Balamara picks up the pace in Poland
Barrick sacks CEO over share declines
Cacata partners find scope for hope
Cameroon miners close in on Mbalam vision
Capital costs up, production costs down for Orosur
Cat acquires major Chinese manufacturer
Cleveland takes up Brazilian iron ore prospect
Cobham cruises to new FIFO heights
Condor moves to large scale gold mine economics
Contractor buys into 10moz Conrad silver project
Contractor disputes new Gold Ridge claims
Coolgardie rewards modern explorer
Cortona wraps up Dargues Reef approvals
Court appeal halts Ebenezer coal project
Crusader set to lift Brazilian gold resource
Diavik diamonds shine for Harry Winston
Didipio gold/copper production end of 2012
Discovery switches on Boseto concentrator
Epic journey leads to McPhees
Ferrum gains Moonlight mining right
First Quebec Lithium carbonate due in 2013
FMG secures $490M expansion funding
Former Australian minister appointed to Tiaro Coal
Funding falldown threatens Integrated Resources deal
GBP8M funding boosts Argentine projects
Giant graphite find for Energizer
Gippsland makes late start to Egypt tin project
Goldplat studies new recovery
Grades support Integra’s Randalls expansion
Greenland metal inventory rises again
GSZ reports large Wolfsberg lithium resource
Heap leach option for Parral gold project
Hunan takes 19.9% of Siburan
International Minerals lines up Balmoral funding
Kula awards Woodlark feasibility engineering studies
LionGold offers $US7M for Bolivian gold project
Major drills up record earnings
Masbate hits record after upgrade
Metaliko lifts Goongarrie Lady’s skirts
Mill failure hits San Gold
Mine purchase to advance calciner technology
Minemakers seeks takeover intervention
Miner takes the lead on environmental protection
Minera wins community support for Peru mine
Miranda gets permit for Burnside coal mine
Modder East strike illegal: Gold One
Modder East workers defy return order
Nevada plant signs to treat carbon stockpile
New Age opts for long-term Colombian option
New direction for tech firm APA
Nickel equity deal repays ENK loans
Nordic head for Nordic growth
Norsk confirms Kurri Kurri smelter shutdown
Not at their Wits’ end
NRW wins more Fortescue civil works
OGL upgrades Bremer coal reserves
OM wins Bootu Creek damages claim
Paragon wins time for Lesotho exploration
Paulsens moves towards a grade jump
Peninsular posts record Raub production
Pilbara partners disagree on study status
Project specialist to drive Wilcherry Hill
QMC, Ivanhoe agree on White Range deals
QR tackles high staffing levels, bureaucracy
Radar deal progresses Central Yilgarn iron project
Russell takes CAMAR executive position
Safety alert shuts Vale’s Qld mine
Santa Fe’s takeover bid falls short – again
Sihayo gold project in Indo upgraded
Sky Chrome ramp-up heads higher
Slow progress for Arian’s Mexican silver project
Study supports Aspire’s Mongolian mine
Study supports Cerro Resources gold-silver mine
Substantial upgrade at Roper Bar iron ore project
SXE wins Yandi powerline construction
Talga settles on Swedish graphite licences
Two new rail corridors for Queensland’s coalfields
Underground find to boost Troy output
Upgrade lifts Marengo’s confidence
VANE takes over management of Wate uranium project
Vector push for Gwendolyn commissioning 2013 new year
Vista expands its Mt Todd vision
Wah Nam moves to mop up Brockman shares
West Pilbara study waits on port decisions
Whitehaven powers up new Narrabri longwall
Wolf raises $5M for UK tungsten project
Mindoro looks to build Philippines profile
Sukari Hill plan B resonates with analyst
Okay, so where do we go from here?
Automated monitoring delivers fine results at Paraburdoo
Dispatch to mine owner: more training needed
People on the move: Excelsior Gold, Image Resources, Ausdrill, Sandvik, Atlas Iron
ABB China deploys palletising robots
Imdex adds drilling horsepower to DET CRC
Ball gazing