Business
Anatolia reports all land acquired for the Çopler Gold project
Anatolia reports all land acquired for the Çopler Gold project
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\n Jun. 15, 2010 (Canada NewsWire Group) -- Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX:ANO) announces it has received titles or swap agreements to all private land within the Life-of-Mine footprint for the Phase I Oxide Project at its Çopler Gold Mine in Eastern Turkey.\nThe Company has legally binding swap agreements with thirty-three households in the Çopler village for homes in a new village to be constructed north of the mine site. Common lands owned by the Çopler Village legal entity will be traded on an in-kind basis for land and public facilities in the new village. Construction on the new village is expected to start in June.\nEdward Dowling, President and CEO of Anatolia stated, "The transfer of this title concludes an extensive effort between the Company and the Çopler residents to acquire the lands required for the Çopler Mine while providing for the continued well being of the Çopler village and its residents. We are very pleased to have reached this milestone with the villagers in a fair and equitable manner that provides improved quality of life while respecting local heritage for current and future generations of Çopler residents."\n\nAbout Anatolia\n\nAnatolia, recognized as a leader in exploration and development in Turkey, is developing Çopler. Çopler 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 Çopler 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 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.\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 sym...