Anglo Asian Mining Share Discussion Threads

[wanobi] 19/6/2019 07:50

:-) good morning all, cheers Wan

[riggerbeautz] 19/6/2019 07:49

Yes Brasso, there are so few out there that offer such easy potential. I’ve followed miners sometime and I can’t recall many others that make discovery to production seem so easy! Let’s see what grades they definitely are, practically teasing us with that statement.

Might have to look at my travel plans.

[qazwsxedc69] 19/6/2019 07:46

We need to realise that they have so many targets and so much to look at, that they are only prioritising what they look at. And this just scratches the surface of those. There is so much out there that we have to extend the contract areas.It's not hard to see why they are talking about becoming mid tier with such confidence.

[jbravo2] 19/6/2019 07:45

I honestly can't understand how anyone who reads this level of information could then buys shares in another junior miner.

[jbravo2] 19/6/2019 07:43

World class company.
World class management.
World class mining concessions.
World class plant.

And let's face it, like gutterhead says, it's gonna be a world class AGM. Looking forward to seeing you again tomorrow gh.

[brasso3] 19/6/2019 07:42

It hard to even think about selling AAZ stock at these levels.

[laurence llewelyn binliner] 19/6/2019 07:38

I think that takes care of our LOM issue, and could easily result in dividends for life.. :o)

Spangles morning note will be interesting, we might see another penny on the share price .!

[qazwsxedc69] 19/6/2019 07:32

Not only that but..... 'To process these ores would require no major reconfiguration of the Company's current processing facilities'

[riggerbeautz] 19/6/2019 07:29

AAZ more shallow targets, it’s like picking apples at head height, if not lower! Talk about low hanging fruit, barely have to stretch.

[henwii] 19/6/2019 07:28

Zehmet can be mined outside the contract area if it can be demonstrated that the ore body / mineralisation is one continuous entity. Great news. Then further down they tell us this has already been proved. 😁

[brasso3] 19/6/2019 07:28

It feelS like it not possible to set the alarm clock later than 7am with AAZ!

[2sporrans] 19/6/2019 07:26

Summary of RNS to read as introduction:

Steve Westhead Comment:

"Initial assessment of the results of the aerial ZTEM survey are extremely encouraging. The survey has successfully identified targets in areas of known mineralisation and has also indicated the presence of mineralisation in areas where there has been no previous exploration. This clearly demonstrates the future potential of the Gedabek Contract Area. Assay results from surface grab samples at the Zehmet target have yielded very high-grade gold results, with two significant results being 43 and 95 grammes per tonne. Finds such as these are rare in gold exploration and it is now a priority for us to find the source of this mineralisation.
"Some of the targets straddle the Gedabek Contract Area boundary. However, under our Production Sharing Agreement, the Company has the right to explore and exploit deposits beyond its boundaries, provided there is geological continuity that has been demonstrated on the basis of structural geology framework and ore formation models. These targets could therefore lead to the possible expansion of the Gedabek Contract Area.
"A mining concession with the location and scale of Gedabek is a rare and exciting opportunity. Whilst already hosting three mines, it is evident from these results and other complementary exploration work that the full potential of Gedabek has yet to be realised. We are now working hard on our ultimate objective of making a significant new discovery to create further value for all shareholders"

Of the seven prioritised targets, fieldwork has already commenced on two of the shallow anomalies, namely Korogly and Zehmet for which preliminary information on the initial geological work is presented below:

To process these ores would require no major reconfiguration of the Company's current processing facilities.

Zehmet
The centre of this target is located approximately 12 kilometres North East of the Gedabek open pit mine. It straddles the boundary of the Gedabek contract area. However, as set out above, exploration can be conducted outside of the contract area providing geological continuity can be demonstrated and this has been confirmed for Zehmet.
The feature is elongated roughly in the North North West direction and is over 1.5 kilometres in length. The anomaly lies within the Atabay-Slavyanka felsic intrusive rocks and is considered to be structurally complex. There are known mineral occurrences around the Maarif Region, and this anomaly may be linked, making it a target for epithermal base metal mineralisation. Surface sampling of both rock float (grab samples) and outcrop has been conducted, resulting in rocks of significant gold grades of 43 and 95 grammes per tonne being found.

Korogly
The centre of this target is located approximately six kilometres North East of the Gedabek open pit mine. It is situated within the Gedabek contract area, close to the village of Soydülü.
The feature is elongated roughly in the North West direction and is approximately two kilometres in length. The geology of the region comprises Quaternary sediments that overlay an intrusive body and is considered a structurally complex area. The anomaly lies along a North West-striking fault and coincides with a zone of low magnetic susceptibility, likely indicative of magnetite-destructive alteration.
This anomaly is located proximal to the Maarif main mineralised zone, which makes it a potential candidate for copper mineralisation. Historical reconnaissance conducted over the region includes geological mapping, outcrop sampling and soil sampling - both of these sampling methods returned good copper grades and malachite mineralisation has been identified in the area.

[inaminute] 19/6/2019 07:24

AAZ RNS, an excellent update

[catsick] 19/6/2019 07:20

This thing is going to trade all time highs today (-:

[inaminute] 19/6/2019 07:19

I'm REALLY starting to like this company. Well done, great RNS!!

[qazwsxedc69] 19/6/2019 07:18

There's at least a dozen things in there that individually would have made for an explosive RNS!

[gutterhead] 19/6/2019 07:18

Agm is going to feel like a party 😁

[mad foetus] 19/6/2019 07:16

Trains are running today as I am on one at the moment. Great news, really looking forward to AGM. 120 today surely: things like GGP would be up 20% on news like this

[jaspoland] 19/6/2019 07:14

The chairman's AGM statement tomorrow morning is going to be very interesting. 3 RNS's in a row. Fun times

[someuwin] 19/6/2019 07:11

WOW!

"Finds such as these are rare in gold exploration and it is now a priority for us to find the source of this mineralisation."

[bazboa] 19/6/2019 07:10

"Finds such as these are rare in gold exploration and it is now a priority for us to find the source of this mineralisation."

[celeritas] 19/6/2019 07:10

That reads very very well. A deposit straddling Gedabek, looks like it's going to get a lot bigger than 300 square km.

[catsick] 19/6/2019 07:08

Amazing they have rocks worth 4000 usd a ton sitting around on the surface undiscovered....

[catsick] 19/6/2019 07:07

All very interesting, seems like another area of very nice high grade oxide ore right at the surface, a higher grade ugur maybe ?