Anglo Asian Mining (AAZ)

Sector:

Mining

Index:

FTSE AIM All-Share

59.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 119.50
  • 52 Week Low: 42.00
  • Currency: UK Pounds
  • Shares Issued: 114.39m
  • Volume: 171,210
  • Market Cap: £67.49m
  • RiskGrade: 310

Anglo Asian upbeat on latest Gilar drill results

By Josh White

Date: Thursday 08 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced drill results from the Gilar deposit on Thursday, confirming more than 60 metres of "thick and continuous" gold and copper mineralisation.
The AIM-traded firm said the results came from the final stage of the first phase of vertical core drilling at Gilar.

It said the drilling demarcated six zones of mineralisation, with the latest drilling defining a deeper zone of continuous mineralisation hosting significant gold, copper and zinc values.

Given the continuity and grade of the latest drillhole mineral intercepts, as well as the depth of the mineral zone, a project for underground access with a tunnel suitable for production as well as additional exploration was being planned.

It said borehole 22GLDD118 returned 67 metres at 2.02 grams of gold per tonne, 1.58% copper and 1.58% zinc from 327 metres, including 51 metres at 2.54 grams of gold per tonne, 2% copper and 2.1% zinc at a one gram per tonne gold cut-off from 335 metres, including at a two gram per tonne gold cut-off.

The hole also reported 17.8 metres at 4.31 grams of gold per tonne, 3.14% copper and 2.25% zinc from 335.7 metres, and 10.5 metres at 2.21 grams of gold per tonne, 0.41% copper and 0.13% zinc from 375.5 metres.

"The extensive mineral zone thickness, continuity and grade of the recent drill intersections mean that Gilar can now be considered of high potential to provide significant gold and copper production," said the company's vice-president Stephen Westhead.

"We are currently in the process of planning our approach to gaining underground access for exploration and drilling, and I look forward to updating you on our progress in the coming weeks."

At 1438 GMT, shares in Anglo Asian Mining were down 0.69% at 86.4p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AAZ Market Data

Currency UK Pounds
Share Price 59.00p
Change Today 2.00p
% Change 3.51 %
52 Week High 119.50
52 Week Low 42.00
Volume 171,210
Shares Issued 114.39m
Market Cap £67.49m
RiskGrade 310

AAZ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.39% above the market average43.39% above the market average43.39% above the market average43.39% above the market average43.39% above the market average
28.24% above the sector average28.24% above the sector average28.24% above the sector average28.24% above the sector average28.24% above the sector average
Price Trend
51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average
6.29% below the sector average6.29% below the sector average6.29% below the sector average6.29% below the sector average6.29% below the sector average
Income Not Available
Growth
99.15% below the market average99.15% below the market average99.15% below the market average99.15% below the market average99.15% below the market average
96.88% below the sector average96.88% below the sector average96.88% below the sector average96.88% below the sector average96.88% below the sector average

AAZ Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Jun-23 29-Sep-22
Paid 27-Jul-23 03-Nov-22
Amount 4.00¢ 4.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1,144 @ 59.00p
16:35 144 @ 59.00p
16:35 1,000 @ 59.00p
16:06 800 @ 57.00p
15:42 3,561 @ 54.25p

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