GOSHA

The 300 sq km Gosha Contract Area contains three prospects: Gosha, Itkirlan and Munduglu.  Anglo Asian Mining has access to a significant amount of Soviet-era data on the Contract Area.  Combined with data gathered by the Company since listing, an expansive exploration programme is underway to define a new resource, funded by cashflow generated through sales from Gedabek.  The Company has approval from the Azeri Government to explore for precious and base metals until 13 April 2011.

Previous plans envisaged that Gosha would be exploited by open pit mining, however recent studies indicate that any development at the property is likely to be by way of underground mining.