Gold, copper and silver miner Anglo Asian on Monday announced a Joint Ore Reserve Committee- (Jorc-) compliant resource estimate for its Ugur gold deposit, where production is set to start next month.
Ugur – a new mineral deposit 3 km west of the Gedabek licence in western Azerbaijan – has a total mineral resource of 199 000 oz of gold and 1.05-million ounces of silver, CEO Reza Vaziri said, pointing out that the Jorc estimate exceeded the company’s initial estimates of 195 000 oz.
