Business
Anatolia mobilizes construction at the Çopler Gold Project
Anatolia mobilizes construction at the Çopler Gold Project
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\nOct. 5, 2009 (Canada NewsWire Group) -- TORONTO, Oct. 5 /CNW/ -- Anatolia Minerals Development Limited (\"Anatolia\" or the \"Company\") (TSX:ANO) announces mobilization of construction activities at the Çopler Gold Project in eastern central Turkey.Construction activities commenced following an opening ceremony attended by numerous local residents, and community and regional leaders. Civil, mining and other major contractors were on site and started work shortly thereafter. Additional contractors, equipment and personnel are mobilizing.Initial activities are focusing on critical path items. Excavation for the primary crusher foundation and heap leach pad preparatory work started approximately 10 days ago. Other earthworks projects underway include facility site earthworks, topsoil stripping and stockpiling, on-site access road construction, and site clearing for project offices and workshops. Most equipment components are on site and the remaining incoming equipment and materials are expected shortly. Prefabricated assay laboratory buildings are in position and pre-commissioning of the lab has started. Concrete form setting has started and the concrete batch plant is being mobilized. Construction power and water are available.Edward Dowling, President and CEO of Anatolia stated, \"We are pleased to achieve this milestone. This represents the hard work and collaborative efforts of many individuals. We appreciate the cooperation from the communities, local leaders, and government agencies. Initial work is progressing well.\"About AnatoliaAnatolia, recognized as a leader in exploration and development in Turkey, is developing Çopler. Initial plans are to produce approximately 1.3 million ounces of gold at a cash cost of about US$260 per ounce. The first gold pour at Çopler is expected in 2010 with full production of about 175,000 ounces of gold per year anticipated in 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 114.9 million common shares issued and outstanding, 133.5 million fully diluted. For more information please contact Edward Dowling, Pre...