Business
Anatolia delivers first run-of-mine ore to leach pad at Çöpler Gold Mine
Anatolia delivers first run-of-mine ore to leach pad at Çöpler Gold Mine
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\n Jul. 5, 2010 (Canada NewsWire Group) -- Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX:ANO) announces it has started delivering run-of-mine ("ROM") ore on schedule to the leach pad. To date, Anatolia has stockpiled approximately 150,000 tonnes of ore and held another 100,000 of broken ore tonnes in the pit ready to be mined. These ores and ongoing mining operations are expected to provide sufficient ore to the leach pad to achieve first gold pour on schedule during the fourth quarter 2010.\nEdward Dowling, President and CEO of Anatolia stated, "We are very excited to accomplish this milestone, which is an important step in achieving first gold pour. Our construction and operating groups have performed well to open the leach pad on schedule and ramp up mining operations. Other construction activities continue to advance on schedule."\n\nAbout Anatolia\n\nAnatolia, recognized as a leader in exploration and development in Turkey, is developing Çöpler. Çöpler is 95% owned by Anatolia and 5% by Çalik Mining (see News Release, August 13, 2009). Initial plans are to produce approximately 1.3 million ounces of gold at a cash cost of about US$300 per ounce. The first gold pour at Çöpler is expected in 2010 with full production to average about 175,000 ounces of gold per year after ramp up. Additional production expansion of the oxide and sulfide gold resource is expected at Çöpler 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.\nAnatolia currently has 138.8 million common shares issued and outstanding, 157.8 million fully diluted. For more information please contact 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 Exchange under the symbol "ANO."\n\nCautionary Statements\n\nCertain statements contained in this news release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking informa...