Business
Anatolia begins Çopler sulfide drilling
Anatolia begins Çopler sulfide drilling
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\nSep. 14, 2009 (Canada NewsWire Group) -- TORONTO, Sept. 14 /CNW/ -- Anatolia Minerals Development Limited (\"Anatolia\" or the \"Company\") (TSX: ANO) announces drilling has started at the Çopler Gold Project (\"Çopler\") in eastern central Turkey. This drill program is a continuation of the sulfide development program started during 2008.The sulfide drilling program is expected to continue through the balance of 2009. Two diamond drill rigs are working, with a third diamond rig and a reverse-circulation drill on site and being mobilized. The drill plan includes approximately 12,000 meters, designed primarily to extend and better define the sulfide gold mineralization of several known sub-vertical strucctures encountered during earlier drilling.Anatolia is currently developing the oxide reserves at Çopler, with first gold pour and ramp up expected during 2010. Anatolia started an evaluation and development program for the underlying sulfide resources during 2008. The present sulfide resources at Çopler include 3.2 million ounces. Anatolia's objective is to complete a sulfide preliminary feasibility study during 2010.Edward Dowling, President and CEO of Anatolia stated, \"We have high expectations that there is potential to add higher-grade tonnage to the gold sulfide resource at Çopler.\"About AnatoliaAnatolia Minerals, recognized as a leader in exploration and development in Turkey, is developing the Çopler Gold Project in partnership with Çalik Mining. Initial plans are to produce approximately 1.3 million ounces of gold at a cash cost of about $260 per ounce. The first gold pour at Çopler is expected in 2010 with annualized production of about 175,000 ounces of gold per year anticipated by mid-2011. Additional production expansion of the oxide and sulfide gold resource is expected at Çopler by taking advantage of the inherent large resource through on-going technical activities. In addition, Anatolia holds a significant pipeline of prospective gold and base metal projects.Anatolia currently has 114.8 million common shares issued and outstanding, 133.5 million fully diluted. For more information: Edward Dowling, President and CEO, or Douglas Tobler, CFO at (303) 292-1299 or visit www.anatoliaminerals.com. Anatolia's common shares are listed for trading on the Toronto Stock E...