Anglo Asian's Gedabek resource increased to 704,000oz

Anglo Asian Mining's gold resource at its Gedabek gold/copper mine in Azerbaijan has increased to 704,000 ounces of gold in the 'measured' and 'indicated' classifications.

The JORC compliant block model estimate has been produced by mining consultants SGS Canada Incorporated Geostat Group and includes updated information available as of 7 June.

The report significantly increases the resource from the estimate prepared in 2006 by SRK.

Both the report and the SRK estimate employ a cut-off grade of 0.3g/t Au for all categories.

Newly available structural geologic information has been incorporated into the geologic model on which the report was based.

The estimate excludes mined materials, including ore mined in the period to 7 June and that which is currently in the leach pad process, or contained in ore stock piles.

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