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May 22, 2024
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Precious Metals

Exploration work for precious metals underway in Azerbaijan’s Kalbajar

BAKU, Azerbaijan, January 30. Exploration works
for noble metals are being carried out in mine-cleared areas in
Kalbajar, AzerGold CJSC Chairman of the Board Zakir Ibragimov said
during the press conference dedicated to the results of 2023
activities, Trend reports.

“AzerGold” CJSC has started step-by-step geological exploration
and prospecting works at the noble metal deposit “Tutkhun,” located
in the administrative territory of Kalbajar district, since 2022.
The prospecting work is carried out only in the territories cleared
of mines. “AzerGold” had planned to conduct research in the area of
273 square kilometers in the “Tutkhun” deposit, but exploration
works were conducted in the area of 57 square kilometers, which was
defined by the end of 2023. Preliminary results are satisfactory,
and exploration is ongoing. Exploration is planned to start this
year on another 32 square kilometers. Currently, ANAMA specialists
are clearing the territory of mines and other unexploded ordnance,”
he added.

To note, AzerGold CJSC was established by the Decree of
Azerbaijani President Ilham Aliyev dated February 11, 2015.
AzerGold is one of the two companies engaged in gold and silver
mining in Azerbaijan.

At present, AzerGold is engaged in the extraction and export of
gold within the oxide (surface) phase of the development of the
Chovdar gold deposit, from the Aghyokhush deposit within the first
phase of its development (from November 2020), Marah (from July 23,
2021), and Tulallar (from February 2023).

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