Anatolia Drills More Gold At Its 100% Owned Copler
TORONTO, Jul 11, 2005 (BUSINESS WIRE) --
Manganese Mine Zone Drilling Extends/Delineates Manto. CDD-095 cuts 117 meters @ 4.8 gpt gold; CRC-373 cuts 72 meters @ 4.2 gpt gold; CRC-364 cuts 27 meters @ 7.1 gpt gold; CRC-369 cuts 10 meters @ 15.7 gpt gold.
Anatolia Minerals Development Limited (TSX:ANO)("Anatolia") is pleased to announce assay returns from the Manganese Mine Zone at its 100% owned Copler Gold Project. This drill program aims to expand the current 4-million-ounce inferred resource (44 million tonnes @ 2.9 gpt gold), infill drill the Manganese Mine and Marble Contact oxides and condemnation drill planned facilities sites. The primary drilling objectives are now substantially complete; although selective follow-up drilling is expected to continue through at least July 2005. The map attached to this news release will be posted to Anatolia's web site (www.anatolia-minerals.com).
By June 30, 143 reverse-circulation holes and 21 diamond core holes aggregating 28,418 meters had been completed for 2005, with results received for 153 holes. Some 4,047 meters were drilled in June (3,474 meters RC and 573 meters DD), with summary results for assays received given below (generally oxides, unless noted):
Manganese Mine Zone Summary of Significant Results:---------------------------------------------------Central Area (Manto) Results:-----------------------------Drill Intercept AuHole (Meters) Gpt CommentsCDD-95 117 4.8 70-187m @ 4.8 gpt goldCRC-363 9 3.5 24-33m @ 3.5 gpt goldCRC-364 27 7.1 77-104m @ 7.1 gpt goldCRC-365 36 3.2 22-48 m @ 3.1 gpt gold; 57-67m @ 3.3 gpt goldCRC-366 26 4.2 68-83m @ 4.6 gpt gold; 107-118m @ 3.5 with 6m sulfCRC-367 4 9.1 82-86m @ 9.1 gpt gold with 1m sulfCRC-369 22 9.5 53-63m @ 15.7 gpt gold; 115-123m @ 4.1 gpt gold; 134-138m @ 4.6 gpt goldCRC-370 7 5.4 0-7m @ 5.4 gpt goldCRC-373 72 4.2 11-83m @ 4.2 gpt goldCRC-375 4 11.1 22-26m @ 11.1 gpt goldCRC-377 9 3.1 145-150m @ 3.7 gpt gold;160-164m @ 2.4 gpt gold with 1m sulfHalo/Fringe Holes:------------------Drill Intercept AuHole (Meters) Gpt CommentsCRC-371 65 0.6 36-43m @ .2 gpt gold; 66-113m @ 0.7 gpt gold; 141-152m @ 0.4 gpt goldCRC-374 109 0.5 0-63m @ 0.6 gpt gold; 81-109m @ 0.4 gpt gold; 135-153m @ 0.5 gpt gold
Holes CRC-368 and CRC-372 had mostly thin intervals of potential heap leach material.
Richard C. Moores, President of Anatolia, stated, "Drilling continues to demonstrate the predictable nature of the gold-rich manto (blanket) in the Manganese Mine Zone. New holes in the manto returned very good results consistent with previously announced holes and demonstrate the continuity of the manto feature; others extend the boundaries and indicate the zone is still open. Holes CRC-369 and CDD-95 show continuation of thick, high grade gold mineralization to the South. As before, this month's results should favorably impact resource tonnage and grade."
Anatolia is advancing the feasibility study for the oxide portion of the resource. In December 2004, a study by Hellman & Schofield Pty Ltd estimated a 0.4 million measured and indicated ounce oxide gold resource (5.5 million tonnes @ 2.0 gpt gold) plus a 1.1 million ounce inferred oxide gold resource (13.3 million tonnes @ 2.6 gpt gold). The results of the 2005 drilling program will be incorporated into a new resource estimate, which will become the basis for the feasibility study. Metallurgical tests indicate the leachability of this resource (+80% in the Main and Marble Contact Zones and -90% in the Manganese Mine Zone). Additional metallurgical testing of oxides, continuation of baseline environmental studies, project design and facilities siting studies are proceeding as planned. Anatolia expects to complete a resource update near the end of the third quarter this year and the feasibility study early in 2006.
A more detailed breakout of June 2005 drilling results is presented below:
Drill Total From To Intercept AuDrill Hole Type Depth (Meters) (Meters) (Meters) GptCDD-95 RC Hole 187.8 70.5 187.8 117.3 4.82Including 118.6 124.0 5.4 15.16And Including 136.0 149.5 13.5 12.01And Including 172.5 187.8 15.3 7.14CRC-363 RC Hole 168.0 0.0 7.0 7.0 0.92And 21.0 79.0 58.0 0.80Including 24.0 33.0 9.0 3.49CRC-364 RC Hole 121.0 0.0 104.0 104.0 2.64(i)Including 77.0 104.0 27.0 7.08CRC-365 RC Hole 69.0 0.0 69.0 69.0 1.98(i)Including 22.0 48.0 26.0 3.12Including 40.0 48.0 8.0 4.96And Including 57.0 67.0 10.0 3.32CRC-366 RC Hole 118.0 0.0 118.0 118.0 1.39(i)Including 68.0 83.0 15.0 4.64And Including 107.0 118.0 11.0 3.50(i)CRC-367 RC Hole 119.0 0.0 86.0 86.0 0.77(i)Including 82.0 86.0 4.0 9.12(i)And 86.0 94.0 8.0 2.10(i)And 113.0 118.0 5.0 1.23(i)CRC-368 RC Hole 240.5 33.0 52.0 19.0 0.26And 154.0 217.0 63.0 0.29CRC-369 RC Hole 162.0 0.0 145.0 145.0 2.13(i)Including 53.0 63.0 10.0 15.70And Including 115.0 123.0 8.0 4.12And Including 134.0 138.0 4.0 4.61And 148.0 152.0 4.0 1.62(i)CRC-370 RC Hole 93.0 0.0 7.0 7.0 5.36And 73.0 84.0 11.0 0.80(i)CRC-371 RC Hole 162.0 36.0 43.0 7.0 0.24And 66.0 113.0 47.0 0.66Including 95.0 98.0 3.0 5.88And 141.0 152.0 11.0 0.41CRC-372 RC Hole 192.0 0.0 192.0 192.0 0.12CRC-373 RC Hole 188.0 0.0 172.0 172.0 2.23Including 11.0 83.0 72.0 4.16CRC-374 RC Hole 187.0 0.0 63.0 63.0 0.55And 81.0 109.0 28.0 0.42And 135.0 153.0 18.0 0.47CRC-375 RC Hole 198.5 0.0 81.0 81.0 0.95Including 22.0 26.0 4.0 11.10And 100.0 143.0 43.0 0.40(i)CRC-377 RC Hole 173.0 7.0 13.0 6.0 0.21And 89.0 99.0 10.0 0.21And 129.0 164.0 35.0 1.11(i)Including 145.0 150.0 5.0 3.66Including 160.0 164.0 4.0 2.38(i)(i) Denotes intercepts containing some sulfide mineralization.
Anatolia has been engaged in minerals exploration in Turkey since 1996. In January 2004, Anatolia increased to 100% its interest in the 4-million ounce inferred gold resource at Copler. Anatolia is advancing work at Copler to achieve a production decision by early 2006 for an open pit gold operation for the shallow leachable oxide portion of Copler. The Company also controls approximately 1.1 million hectares within Turkey, including four properties currently under joint exploration with Rio Tinto. The Rio Tinto agreement continues through 2007 and requires payment
by Rio Tinto of expenditures for grassroots programs, specific prospect costs in which Rio Tinto is participating, and portions of Anatolia's Turkish field office expenses.
Anatolia currently has 49.5 million common shares issued and outstanding, 57.8 million fully diluted.
Anatolia trades on the Toronto Stock Exchange as ANO.
This news release may contain forward-looking statements in respect of various matters including upcoming work programs and events. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Anatolia disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Assays are performed by OMAC Laboratories, Ireland, and ALS-Chemex, Vancouver, BC, Canada, with quality control of sampling, preparation and assaying overseen by Anatolia, whose President, Richard C. Moores, is a "qualified person" for the purposes of applicable Canadian securities regulations.
NOTE: There are maps available on CCNMatthews' website at:
www2.ccnmatthews.com
Anatolia Minerals Development Limited (TSX:ANO)
SOURCE: Anatolia Minerals Development Limited
Anatolia Minerals Development Limited Richard C. Moores President (303) 670-9945 Fax: (303) 670-9947 OR Anatolia Minerals Development Limited Douglas Tobler Chief Financial Officer (303) 292-1299 Fax: (303) 297-0538 www.anatolia-minerals.com. |
