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Anatolia begins Copler sulfide drilling
TORONTO, Sept. 14 /CNW/ - Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TS...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\nTORONTO, Sept. 14 /CNW/ - Anatolia Minerals Development Limited\n("Anatolia" or the "Company") (TSX: ANO) announces drilling has started at the\nCopler Gold Project ("Copler") in eastern central Turkey. This drill program\nis a continuation of the sulfide development program started during 2008.\n\n\nThe sulfide drilling program is expected to continue through the balance\nof 2009. Two diamond drill rigs are working, with a third diamond rig and a\nreverse-circulation drill on site and being mobilized. The drill plan includes\napproximately 12,000 meters, designed primarily to extend and better define\nthe sulfide gold mineralization of several known sub-vertical strucctures\nencountered during earlier drilling.\n\n\nAnatolia is currently developing the oxide reserves at Copler, with first\ngold pour and ramp up expected during 2010. Anatolia started an evaluation and\ndevelopment program for the underlying sulfide resources during 2008. The\npresent sulfide resources at Copler include 3.2 million ounces. Anatolia's\nobjective is to complete a sulfide preliminary feasibility study during 2010.\n\n\nEdward Dowling, President and CEO of Anatolia stated, "We have high\nexpectations that there is potential to add higher-grade tonnage to the gold\nsulfide resource at Copler."\n\n\nAbout Anatolia\n\n\nAnatolia Minerals, recognized as a leader in exploration and development\nin Turkey, is developing the Copler Gold Project in partnership with Calik\nMining. Initial plans are to produce approximately 1.3 million ounces of gold\nat a cash cost of about $260 per ounce. The first gold pour at Copler is\nexpected in 2010 with annualized production of about 175,000 ounces of gold\nper year anticipated by mid-2011. Additional production expansion of the oxide\nand sulfide gold resource is expected at Copler by taking advantage of the\ninherent large resource through on-going technical activities. In addition,\nAnatolia holds a significant pipeline of prospective gold and base metal\nprojects.\n\n\nAnatolia currently has 114.8 million common shares issued and\noutstanding, 133.5 million fully diluted. For more information: Edward\nDowling, President and CEO, or Douglas Tobler, CFO at (303) 292-1299 or visit\nwww.anatoliaminerals.com. Anatolia's common shares are listed for trading on\nthe Toronto...