Anglo Asian Mining Share Discussion Threads

[jeanesy] 05/3/2018 07:15

These exploration plans must be top secret !- lol !

[jamiedodge] 05/3/2018 06:40

Bleepy, are you the company PR man. If not, they should appoint you lol. Nice reminders.

[lefrene] 04/3/2018 19:38

Beats me how this paragon of a well run asset rich company can be so lowly valued, when AiM is awash with over hyped scam merchants!

[bleepy] 04/3/2018 18:02

Consider also, alongside the considerable exploration carried out we had..

> full electrification $2ml annual saving

> raising of dam wall by 12mtrs

> additional pipe work between plant and dam

> plant optimisation highlight $7ml potential annual saving

> 2nd crusher ordered and up and running in qtr2

> first class refinance deal at a lowered interest rate releasing monies toward capital expenditure... new drill rigs, crusher, underground plant


Hoping to add a divi announcement to that list.

[crazycoops] 04/3/2018 16:56

bleepy, I usually find a lot of C&Ps cause too much clutter but on a lazy Sunday afternoon, today's selection was an excellent, well-timed read ahead of the upcoming update. Thanks!

[bleepy] 04/3/2018 16:36

Other Exploration
Within the Gedabek contract area, reconnaissance sampling of surface outcrop has provided 34 samples with positive results for gold and copper mineralisation at the "Soyudlu" area, some two kilometres from the tailings dam facility. Follow-up geological mapping, alteration mapping and area definition for drilling is planned. This area was initially investigated as part of the planning to situate future expansion of the tailings dam.

Due to the work required to bring Ugur into production, activity at Bittibulag was suspended during 2017. Geological manpower was diverted from Bittibulag to Ugur because Ugur is closer to the Company's processing facilities and the geological uncertainty at Bittibulag. Initial drilling in 2016 did confirm the presence of mineralisation and surface geochemical sampling confirmed an alteration area. However, the continuity of mineralisation was not clearly defined due to structural deformation. It is planned in 2018 to further investigate Bittibulag with geophysical methods to determine the geometry and extent of mineralisation to focus future drilling.

The Gedabek contract area hosts many targets of different styles of mineralisation, which are being assessed in order to prioritise future exploration programmes. It is planned to prepare an annual three year work programme to dovetail into the Company's gold and copper production profile. This demonstrates the geological opportunities available to the Company for further evaluation. Further information regarding exploration programmes during 2018 and beyond will be announced by the end of Q4 2017.

Low cost exploration work also continued at the Ordubad contract licence area in the Nakhchivan region of Azerbaijan. During Q3 2017, 750 metres of road cleaning was completed to reach exploration adits and surface mineralisation at the Shakadara deposit in order to verify the presence of mineralisation as reported in Soviet reports. 604 linear metres of trenching was completed from which 441 samples were collected. Initial results confirm the presence of surface and underground mineralisation of both gold and copper. It is planned to test similar style surface gold-quartz mineralisation at the adjacent Keleki area. On confirmation of this gold mineralisation, the Company will decide on a strategy to fully assess these deposits along with the Piazbashi and Agyurt deposit in the Ordubad area.


Again we are awaiting news of the already completed extensive exploration carried out in 2017 followed by a detailed 3yr aggressive exploration roll out programme targeting gold and gold/copper prospects throughout the 300sq km Gedabek acreage.
Exciting times ahead.

[bleepy] 04/3/2018 16:30

Not forgetting Ugur, exploration to production in 12mths...

Ugur Open Pit Mine
Quarter three of 2017 proved to be a significant milestone for Anglo Asian with the commencement of open pit mining of the Ugur gold deposit following completion of the JORC mineral resource and ore reserve statements.



Work at Ugur in Q3 2017 focused on finalising the geological work for mine planning and project construction. The geological team is now assessing the surrounding area for extensions of the Ugur type of mineralisation, and has taken 295 geochemical samples from surface.



Due to the geological activities to bring the Ugur deposit to reserve level with expanded drill core and reverse circulation chip logging and sampling, work on this deposit has utilised most of the resources of the Company's exploration geological team in 2017.

[bleepy] 04/3/2018 16:28

Same goes for Gedabek open pit....


Gedabek Open Pit
Certain mining operations have been temporarily suspended to enable development exploration, optimisation and redeployment of equipment to other tasks. Mining in the Gedabek open pit was suspended in Q3 2017 to allow for continuation of the drilling programme to evaluate and optimise the extraction of the gold and gold-copper ores.


Some of the heavy earthmoving equipment has been redeployed for transporting stockpiled ore for production, construction and implementation of the new open pit mine at Ugur, and raising the tailings dam wall. Reverse circulation ("RC") and core drilling ("DD") is ongoing at the Gedabek open pit.


As at the end of Q3 2017, 31 RC drill-holes with a total of 2,978 metres and 34 DD drill-holes with a total of 1,792 metres were completed.


Another 5,000 metres of drilling is planned for Q4 2017.


And we are all awaiting for news of what lies beneath the open pit with fan drilling carried out this Qtr further evaluating this prospect and potential.

[bleepy] 04/3/2018 16:19

The last update on Gadir alone(oct17)contains so much information that it warranted its own rns apart from news of the rest of Gedabek prospects.
So I’ve extracted just that section to mull over and appreciate the vast amount of work done and the huge potential this prospect exhibits....


GADIR - Exploration and Development (update Oct17).

Gadir Underground Mine
As previously announced, ore production was temporarily stopped from the Gadir underground mine in February 2017 to allow development and exploration drilling. Production from Gadir recommenced in September 2017. Underground development and exploration activity until end Q3 2017 included 2,712 metres of tunnelling that comprised spiral ramp development for production preparation, exploration tunnels at Gadir, and an underground tunnel from Gadir to the deep mineralisation at the northern end below the Gedabek open pit. Drilling activity for ore extraction planning comprised 48 DD drill-holes with a total of 1,311 metres of BQ diameter, 36 DD drill-holes (HQ/NQ size core) with a total of 2,268 metres completed. 2,711 metres of sidewall has been geologically mapped. This work confirms that Gadir can recommence production in Q4 2017 and has provided over 3,250 assays.



Regarding surface extension drilling of the Gadir mine to evaluate further down dip potential, nine core drill-holes totalling 4,007 metres were completed. 2,150 samples have been assayed which has provided results that demonstrate continuity of mineralisation.



To complete the first phase of the tunnel between Gadir and the Gedabek underground mineralisation, some 600 metres of tunnelling has been completed that intersected Gedabek style mineralisation at the end of the tunnel drive. It is further planned to extend this tunnel along the Gedabek mineralisation beneath the backwall of the open pit and to fan drill to assess the mining potential for a Gedabek underground mine. This exploration work is planned for 2018 as underground mining equipment is now being utilised to mine ore at Gadir. The mineralisation target is additional to the current Gedabek open pit reserves.

[bleepy] 04/3/2018 15:34

Lock em up and throw the key away, bloody parasites.

[catsick] 03/3/2018 23:20

Thats interesting, I wonder which companies they had been manipulating, could see some falls in companies they are brokers to as people realize they have been scammed

[mattjos] 03/3/2018 22:42

Little wonder AIM brokers have lowly reputations ... i very much doubt Beaufort are the only London brokers engaging in this sort of thing:https://www.justice.gov/usao-edny/pr/six-individuals-and-four-corporate-defendants-indicted-50-million-international

[celeritas] 03/3/2018 18:45

What would you consider good.
What do you know about gadir underground.
If I said down dip, would you know what I was on about.

[jbravo2] 03/3/2018 18:44

Hi there 11 percent.
Let's see if you've got a history of accurate predictions and rational contributions.

Last post from you?
Oh yeah now I remember... a couple of weeks ago...

"Its a double top.......going to tank.....32p next stop...."

Muppet. Infant school stuff.

You want in but don't want to pay 40p?
Well you might get your way but you're really not going to scare many here. Too many investors, not enough traders.

[11_percent] 03/3/2018 18:20

I am just a bit worried that the results from the exploration drilling may not be good, and this news is being held back.

[bleepy] 03/3/2018 17:37

ANGLO ASIAN MINING PLC

INVESTMENT PROPOSITION

> ESTABLISHED – produced first gold May 2009

> EXPERIENCED – highly qualified team with decades in the industry – directors own 40 per cent. of the Company fully aligning them with shareholders

> FIRST MOVER ADVANTAGE – only listed miner in Azerbaijan

> CASH GENERATIVE – highly cash generative with fast reducing debt (47 per cent. reduction in 2017)

> FAST TRACK ABILITY– Ugur mine brought into production in one year from discovery

> EXPLORATION POTENTIAL – several high-grade targets under investigation

[celeritas] 03/3/2018 15:57

We had a update in Oct, read it again as I think many have forgot.

[jbe81] 03/3/2018 15:28

They certainly must have some..

[jeanesy] 03/3/2018 14:40

There has been lots of drilling in 2017 so i dont think its unrealistic to think that we might get some news on what the drilling has so far discovered pretty soon ?

[friendzarin] 03/3/2018 12:18

jamiedodge
if you are looking for trades for AAZ from this thread and are on a pc just go to the bar at the top of the page which is next to the ADVFN logo click on trades and you will see NEX and LSE trades for the day.You can go back and track history if you want.As a non premium members this access is time limited during trading hours but at weekends etc there does not appear to be a time bar.You will see your trade as the first on NEX and the fourth in total following three trades on LSE. Oh forgot...good luck with your purchase.

[jbe81] 03/3/2018 11:22

Agree, think it will be the plan. They already have plenty of drilling results but don't expect any with the plan.

[celeritas] 03/3/2018 11:11

Spot on bravo.
For me it's all about expansion the new mining plan will bring. The amount of prospects to explore is huge hence the 3 year plan.
I'd like resource updates separate.

[jbravo2] 03/3/2018 10:52

I don't think so GG.
Clearly,some people are expecting everything to have been drilled, all resource to have been defined and all work finished by now. They don't live in the real world though.
I'm just expecting a plan for the future resource discovery. Anything more will be a bonus.
As I disclosed after my chat with Bill, Stephen hasn't even got all the drill rigs he wants yet.

[puntogt] 03/3/2018 10:51

JamieD
here

02/03/2018 11:35 12,004 41.65

On NEX
www.nexexchange.com/member?securityid=17578

[goodgrief] 03/3/2018 10:43

So have we gone from a steady release of news into a resulting rising share price to a one huge news item?

Mattjos 17 Jan '18 - 11:30 - 10802 of 11782

as ever, we can but wait for the next news article which will start to flesh out some of these points.

Reza has said those updates will arrive in coming weeks, rather than months or an undetermined timeframe.

As Terropol has suggested, I expect they should be fed into the market in such a way as to ensure they can be properly digested rather than lumped into one huge news item.