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Gold/Mining/Energy : Anatolia Minerals Development Ltd V.YMC.U -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (233)8/1/2001 9:13:15 AM
From: russwinter  Respond to of 468
 
Exactly, and they've consistently been pulling $20 gold rock right at surface and about everywhere they've drilled so far. The 1.8% 30 meter copper interval that showed up in CRC-10 (between the east glory hole (1.1 OUNCE/ton and the main zone) ain't too shabby either. There may be no interest out there in this stock, but there shouldn't be any confusion (not sure what Liz is referring to, skarns?) about it. Should have excellent size, grade and economics with the earmarks of a classic deposit. This bad boy is incredible and should be bought if they keep giving it away. I'd put it in my top 5 right now. Get it BEFORE they announce the redrill of the glory hole.



To: Claude Cormier who wrote (233)8/1/2001 11:04:14 AM
From: russwinter  Read Replies (1) | Respond to of 468
 
Claude, looks like IR of twin drill of CRC-1 is out, but isn't on any of the regular news channels? Has anybody seen?



To: Claude Cormier who wrote (233)8/1/2001 11:09:49 AM
From: russwinter  Read Replies (1) | Respond to 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



To: Claude Cormier who wrote (233)8/2/2001 10:29:15 AM
From: Elizabeth Andrews  Read Replies (2) | Respond to of 468
 
Yes, I looked at all the holes. I don't get focused on the good holes as the bad holes yield more information about the probability of the deposit becoming economic. For example, Hole CRC8A assayed 1.4 grams over 32 meters, Hole CRC9 assayed 0.1 grams per tn and the interval wasn't mentioned, Hole CRC 10 cut three intervals all of which are uneconomic same as CRC7. Most of the intervals are narrow (for RIO standards) and low grade.

Sure they have one very good hole but this won't make the mine and give you shareholder value. My bet is that Rio will drop this property as its size is below its threshold. We'll see.