Anatolia provides drill hole results from Cukurdere
Anatolia Minerals Development Limited
YMC.U
Shares issued 21,456,201
2001-02-02 close $0.29
Monday Feb 5 2001
News Release
Mr. R.C. Moores reports
Assays from the first four holes at the Anatolia Minerals Development Ltd.
(AMDL) and Rio Tinto Mining Exploration (Rio Tinto) Cukurdere prospect average
68 metres of 2.3 grams gold per tonne (g/t) from surface, plus silver and copper.
Assays for the first four holes of a six-hole core drilling program at the Anatolia
Minerals Development Ltd. (AMDL) and Rio Tinto Cukurdere prospect in eastern
Turkey give an average of 68 metres of 2.33 grams g/t, 7.4 g/t silver and 0.10 per
cent copper, starting at depths of zero to 13.5 metres. Included within this are 11
metres of 16.3 g/t gold at the top of hole 4. Whether any of the above is
economically recoverable will require additional work and study. A joint AMDL/Rio
Tinto team supervised sampling and assaying.
Some of the holes cut interesting intersections of copper/gold mineralization in
porphyry at depth, such as 60 metres of one g/t gold and 0.27 per cent copper
(including 4.2 metres at eight g/t gold) from 189 metres in hole 3, or 11 metres of 1.6
g/t gold at 181 metres in hole 4. These are not potentially surface minable and are
not included in the above averages.
Hole 5 was abandoned at 76 metres after it caved during the holidays but showed
31 metres of 1.4 g/t gold from 40 to 71 metres. Hole 6 was completed last week and
has just arrived at the lab for processing. The drill has been moved 15 kilometres
southeast to the Kabatas porphyry copper-gold prospect, another AMDL/Rio Tinto
joint venture. Follow-up and step-out reverse circulation drilling will commence at
Cukurdere in March.
The six holes at Cukurdere were drilled in an approximate 600-metre-by-330-metre
rectangular pattern (enclosing 200,000 square metres), each hole roughly 300 metres
apart. Channel sampling within this rectangle averaged 1.8 g/t gold. Drilling tested
part (possibly 15 to 20 per cent) of a half kilometre by plus-two kilometre roofblock
of altered, mineralized metasediments that was dropped down into the central
portion of a porphyry copper-gold systems. This metasediment block is
characterized by extreme alteration, stockworked by a network of quartz, pyrite and
magnetite veinlets and feeder zones.
The main copper-gold mineralization in porphyry brackets this metasediment block
and is as yet undrilled, but surface samples have returned very interesting copper
and gold assays, which will be the subject of a soon-to-be-released report.
Reconnaissance geology and satellite imagery show Cukurdere to lie within an
apparent altered area some five kilometres in diameter, all of which is controlled by
AMDL and much of which is highly prospective.
Summary drillhole results follow
DDH
From To Int. Au Ag Cu
m m m ppm ppm %
CDD-1
0.0 82.0 82.0 1.61 9.9 0.03
82.0 133.0 51.0 0.08 0.8 0.04
33.0 139.0 6.0 4.64 7.9 0.04
139.0 221.0 82.0 0.09 1.6 0.06
CDD-2
3.6 41.0 37.4 1.48 2.7 0.19
41.0 59.0 18.0 0.17 1.1 0.07
59.0 119.0 60.0 1.78 11.2 0.08
119.0 175.0 56.0 0.10 0.6 0.06
175.0 178.1 3.1 1.73 7.5 0.03
178.1 235.6 57.5 0.09 0.8 0.12
CDD-3
0.0 13.5 13.5 0.12 - 0.11
13.5 84.0 70.5 1.81 2.2 0.11
84.0 189.0 105.0 0.13 7.7 0.13
189.0 225.1 36.1 0.44 0.9 0.29
225.1 229.3 4.2 7.99 21.5 0.22
229.3 304.5 75.2 0.31 0.8 0.15*
* No core, 235.6 to 238.6
DDH
From To Int. Au Ag Cu
m m m ppm ppm %
CDD-4
0.0 11.0 11.0 16.31 20.0 0.06
11.0 110.0 99.0 0.12 - 0.07
110.0 116.0 6.0 1.19 1.3 0.11
116.0 181.0 65.0 0.09 - 0.09
181.0 192.0 11.0 1.62 4.5 0.11
192.0 209.9 17.9 0.10 - 0.15
CDD-5
0.2 40.0 39.8 0.16 - 0.05
40.0 44.0 4.0 1.19 - 0.05
44.0 58.0 14.0 0.24 - 0.12
58.0 71.0 13.0 2.67 0.8 0.20
71.0 75.0 4.0 0.13 - 0.15
Earlier this year, AMDL and Rio Tinto formed a four-year alliance to seek base and
precious metal deposits in Turkey, received $2.85-million (U.S.) of financing during
2000, with more to come in 2001. Rio Tinto is currently earning into the Uckapili
gold, Cukurdere cooper/gold and the Kabatas copper/gold prospects in Turkey, each
requiring expenditures of $10.5-million (U.S.) and payments of $1.5-million (U.S.)
for a 70-per-cent interest. Subsequently, AMDL co-opted the Yahyali zinc property
to Cominco Ltd. As a result, AMDL is teamed up with two of the premiere mining
companies in the world and has greatly improved its ability to explore and advance
its portfolio of exciting projects.
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