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Gold/Mining/Energy : Anatolia Minerals Development Ltd V.YMC.U

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To: Claude Cormier who wrote (233)8/1/2001 11:09:49 AM
From: russwinter  Read Replies (1) of 468
 
Here it is. I wonder what Liz thinks of these "skarns" now?

CRC1-A twins CRC-1, intersects gold zone to 93 meters; cuts 26
meters at 27.0 grams gold per tonne, including 17 meters averaging
1.2 ounces gold per tonne.

Reverse-circulation drill hole (RCD) CRC-1A intersected 82 meters
of 10.4 grams gold per tonne (.33 oz.) from 11 to 93 meters. The 26
meters from 40 to 66 meters averaged 27.0 grams gold per tonne
(0.87 oz.), including 17 meters of 35 gram gold per tonne (1.2 oz.)
from 43 to 57 meters. The highest intercept is from 54 to 56
meters, 2 meters at 73.2 grams gold per tonne (2.4 oz. per tonne).
CRC-1A and CRC-1 are 535-meter stepouts to the east of CDD-1, the
easternmost core hole, testing a new, 800 meter by 600 meter zone.

CRC-1A was drilled to test continuation of mineralization in CRC-1,
the first RCD hole at Cukurdere. CRC-1 contained 35.7 meters
averaging 6.9 grams gold per tonne, as previously reported, but was
lost at 50.7 meters in mineralization running 1.1 ounces gold per
tonne.

CRC-1A (RCD) Results
From To Interval Gold
Meters Meters Meters Gm/Tonne
------ ------ -------- --------
0.0 11.0 11.0 0.3
11.0 40.0 29.0 2.9
40.0 66.0 26.0 27.0*
66.0 93.0 27.0 2.4
93.0 130.0 37.0 0.2
* Including 17 meters, from 40 to 57 meters at 35.0 grams gold per
tonne (1.2 ounces).

CRC-1 (RCD) Results (previously reported)
From To Interval Gold Silver
Meters Meters Meters Gm/Tonne Gm/Tonne
------ ------ -------- -------- --------
0.0 15.0 15.0 0.5 0.6
15.0 50.7 35.7 6.9 17.6 *
* Including 7.7 meters of 22.3 grams gold and64 grams silver per
tonne from 43 to 50.7 meters

Six of the first 7 core holes drilled averaged approximately 60
meters at 2.3 grams gold per tonne, 9 grams silver and 0.10%
copper, as reported. The 7 core holes at Cukurdere were drilled in
an approximate 600 meter by 330 meter rectangle, six roughly 300
meters apart, one in the center. Follow-up RCD holes are confirming
the core-drilled gold zone and have intersected gold beyond the
area core-drilled. Results from 11 more RCD holes are awaited, 9 of
which were drilled as stepouts to CRC-1 & CRC-1A (above), in a new,
+800 by 600 meter, northeast-trending gold geochem anomaly.

In April, 2000, AMDL and Rio Tinto formed a 4-year strategic
alliance to seek base and precious metal deposits in Turkey. AMDL
received US$2.85 million of funding during 2000, with additional
funding received in 2001. Rio Tinto is currently earning into the
Uckapili Gold, Cukurdere Copper/Gold and the Karagoz gold prospects
in Turkey, each requiring expenditures of US$10.5 million and
payments of US$1.5 million for a 65% interest. AMDL also co-opted
its Yahyali zinc property to Cominco. AMDL is teamed up with two of
the premiere mining companies in the world, enabling it to explore
and advance its portfolio of exciting projects.

AMDL has 23.4 million shares issued and outstanding, 26.7 million
fully diluted. For more information: George Duggan, Investor
Relations, (818)542-6880/249-7024(fax) or R. C. Moores,
President-AMDL, (303)670-9945/9947(fax). The Canadian Venture
Exchange has not reviewed and does not accept responsibility for
the adequacy or the accuracy of this release. AMDL trades on the
CDNX as YMC.U
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