Projects

Aghyokhush deposit

The Aghyokhush group of gold deposits is located 14 km northeast of the Chovdar gold deposit, within the administrative boundaries of Goygol and Dashkasan districts. It was discovered in 2017 by the geologists of AzerGold CJSC.

Although the reserves of the Aghyokhush group of deposits are limited, its location close to the Chovdar mine, which is currently in operation, enables its development without additional capital investment and without the construction of a new processing plant or associated infrastructure.

This group of deposits consists of the Aghyokhush – 1, Aghyokhush – 2, and satellite gold deposits. Mining operations at the Aghyokhush – 1 deposit were carried out between November 2020 and December 2021. As a result, 19,829 ounces of gold were produced.

Mining operations at the Aghyokhush – 2 and satellite gold deposits are planned to commence in the fourth quarter of 2026. The deposit is estimated to contain 31,507 ounces of saleable gold reserves.

Other projects

CIRPA

Chovdar Integrated Regional Processing area was established on the basis of Chovdar Ore Processing Area located in Dashkasan, within the framework of the AzerGold CJSC’s Action Plan developed in accordance with Decree dated March 19, 2020 by the President of the Republic of Azerbaijan on the implementation of activities towards ensuring of economic stability and sustainability against outer impacts.

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Chovdar deposit

Chovdar gold mine is located on the north of Dashkasan region. AzerGold CJSC has been carrying out extraction works in the deposit since 2017.

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Aghyokhush deposit

Aghyokhush is located at 14 km north-east from Chovdar mine, in the administrative area of Goygol district.

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Marah deposit

Marah is located in the north of Chovdar mine in Dashkasan district. The mine was discovered by the geologists of AzerGold CJSC in 2018. Available amount of extractable gold reserves is 37,414 ounces. Marah which was launched in July 22, 2021, is under operation conditions.

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Tulallar deposit

Tulallar gold deposit is located on the north-east slope of the Lesser Caucasus, on the high and mid-mountainous areas of north-east part of the Murovdagh.

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Filizchay deposit

Located at the administrative area of Balakan district, Filizchay was discovered in 1959. It is the biggest polymetallic deposit in the region and the largest project of AzerGold CJSC. Moreover, Filizchay is considered as the largest deposit in Europe and ranks high in the list of polymetallic deposits of the world in terms of the amount of its reserves. The reserves include precious and non-ferrous metals such as gold, silver, copper, zinc and lead.

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Mazimchay deposit

The deposit which was discovered in 1964 in the territory of Balakan district, is located at 2-3 km from Filizchay. The first phase of exploration works has been completed in accordance with approved geological program. Implementation of the second – vital phase and commissioning is projected to start in 2027.

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Ortakend deposit

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Goydagh deposit

Ortakand-Khanagha field located in the north-east of the Julfa district of Nakhchivan Autonomous Republic area covers some part of Goydagh-Alindzha ore junction and is distinguished for its perspective in terms of gold, complex copper-porphyry and epithermal sulphide ore reserves. Ortakand epithermal gold reserves, Bashkand and Paradash copper fields are currently under pre-evaluation.

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Bashkend deposit

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Nasirvaz occurrence field

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Dashkasan Iron Ore Deposit

The operation of Dashkasan iron ore deposit, the largest iron ore deposits complex of the region, started during the reign of Soviet Union. Thus, Dashkasan Ore Administration was established in 1945.

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Kurakchay field

Kurakchay, the deposit which is located in Goygol district and considered as one of the prospective ore fields in Lesser Caucasus, was discovered in 1995. This field is distinguished with the presence of splattered gold deposits, Kapaz, Buzlug gold-polymetallic occurrences. Kurakchay is one of the areas prioritized by AzerGold for study and evaluation in near future.

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Tutkhun occurrence field

Tutkhun is located in the territory of Kalbajar district, on the basin of the Tutkhun river, the right tributary of the Tartarchay.

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Shorbulag occurrence field

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Soyudlu (Zod) gold deposit

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