Thursday, 21st October 2004 (3057 views)

Exploration by Oxus Gold at its satellite deposit and Amantaytau Goldfields mining operation in Uzbekistan has discovered high grade gold mineralisation and it is now expected to provide considerable additional resources.

Activities have mainly focused on four main areas, including around the Amantaytau Centralny mine, the Asaukak area, drilling at Vysokovoltnoye and the Amantaytau region.

Commenting on the latest results, Bill Trew, chief executive of Oxus said: "The Asaukak results received to date are very promising and while it is too early for us to estimate the full potential we are optimistic that this will lead to a significant increase in the total resources at AGF."

There are 26 separate deposits within the area and only three have been fully explored in the past.

 

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