{"id":1197028,"date":"2020-07-21T12:13:00","date_gmt":"2020-07-21T17:13:00","guid":{"rendered":"https:\/\/www.mining.com\/?p=1030366"},"modified":"2020-07-21T12:13:00","modified_gmt":"2020-07-21T17:13:00","slug":"anglo-asian-to-tap-into-ireland-riches-after-deal-with-conroy","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1197028","title":{"rendered":"Anglo Asian to tap into Ireland riches after deal with Conroy"},"content":{"rendered":"

Azerbaijan’s top gold producer Anglo Asian Mining (LON:AAZ) is expanding its footprint thanks to a proposed joint venture with Conroy Gold and Natural Resources<\/a> (LON: CGNR), focused on further developing a gold project in Ireland.<\/p>\n

Under the agreement, Anglo Asian will acquire 17.5% of Conroy Gold\u2019s Longford Down gold asset by committing 2 million Euros ($2.3m) to exploration.<\/p>\n

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Under the deal Anglo Asian Mining could acquire up to a 55% interest in Conroy Gold\u2019s Longford Down gold assets.<\/p>\n<\/blockquote>\n<\/figure>\n

The miner\u2019s stake will increase progressively to 55% if it develops the gold deposit to mine construction-ready status.<\/p>\n

It will also have to spend 3 million Euros over the next three years on Conroy Gold’s other prospecting licences, located in a 65km-area that the miner has identified in the Longford-Down Massif trend<\/a>.<\/p>\n

“The proposed joint venture is (\u2026) of sufficient scale to considerably add to the company’s operations, but of a size which will not adversely impact the development of our assets in Azerbaijan,” Anglo Asian\u2019s chief executive, Reza Vaziri, said in the statement.<\/p>\n

In the past two years, the Central Asia-based miner has been actively seeking additional projects to fulfil its ambition to become a mid-tier gold and copper metal production company.<\/p>\n","protected":false},"excerpt":{"rendered":"

Agreement to form a joint venture is its first foray outside Azerbaijan.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1197028"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1197028"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1197028\/revisions"}],"predecessor-version":[{"id":1197058,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1197028\/revisions\/1197058"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1197028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1197028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1197028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}