BAKU, Azerbaijan, September
24. Azerbaijan’s AzerGold CJSC is conducting
preliminary exploration of five deposits in its portfolio, the
Chairman of the Executive Board of AzerGold, Zakir Ibrahimov, said
at a briefing held today, Trend’s correspondent reports from the event.
According to him, the company carries out large-scale geological
research and exploration in the country in order to expand the
mineral resource base.
He pointed out that geological surveys covering an area of
15,000 square kilometers are currently being conducted at the
expense of the state budget.
"Geological surveys covering an area of 15,000 square kilometers
are currently underway at the initial exploration and assessment
stage, funded by the state budget, with completion scheduled for
2027. As a result, the country's mineral resource
potential—including that of the territories liberated from
occupation—will be mapped," Ibrahimov explained.
He noted that there are currently 10 promising gold-copper sites
at the exploration and assessment stage, and the evaluation of
their resources is ongoing. This process is also expected to
conclude in 2027.
The Chairman of the Board of AzerGold also touched upon
geological activities planned for the Nakhchivan Autonomous
Republic.
"Intensive preparations are currently underway for initial
exploration and assessment activities within the Nakhchivan
Autonomous Republic; these are being carried out by a joint venture
planned under an agreement signed some time ago with the UAE-based
company 'International Resources Holding'," he added.
