Resources of Chovdar gold and silver field increase by 47%

Resources of Chovdar gold and silver field increase by 47%
  • Clock-gray 09:20
  • calendar-gray 22 May 2020

As a result of intensive exploration works, carried out by AzerGold Close Joint Stock Company (CJSC), the Company has achieved an increase of metal resources of Chovdar gold and silver field, situated in Dashkesen district, by 47%, AzerGold told APA-Economics.

The volume of gold resources of Chovdar has been 1127,5 thousand ounces (or 35 tons) as a result of exploration works conducted previously.  In deep layers of the field, large scale pipeline-drilling operations were conducted by the Company in 2018-2019 in order to increase economic productivity of the project, 145 geological wells were drilled in the depth of more than 28 thousand meters in total. As a result, resources of the field have increased by 533,5 thousand ounces (or 16,5 tons) and these figures have been approved by international experts. Thus the capacity of total resources of Chovdar field is calculated to be 1661,0 thousand ounces (or 51,5 tons) of gold.

Emil Ismayilov

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