Business
Anatolia reports no injuries or damage at Copler from earthquake
Anatolia reports no injuries or damage at Copler from earthquake
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\nTORONTO, Mar. 8, 2010 (Canada NewsWire Group) -- /CNW/ -- Anatolia Minerals Development Limited (\"Anatolia\" or the \"Company\") (TSX:ANO) reports no injuries or damage occurred at the Copler Gold Project (\"Copler\") as a result of an earthquake that occurred today in the Turkish eastern province of Elazig. The U.S. Geological Survey reported the epicenter of this 5.9 magnitude earthquake near the town of Karakocan, approximately 150 kilometers southeast of Copler.Edward Dowling, President and CEO of Anatolia Minerals commented, \"All personnel at Copler are reported safe. We are coordinating with local authorities in Elizag to determine how best to assist.\"About AnatoliaAnatolia, recognized as a leader in exploration and development in Turkey, is developing Copler. Çöpler is 95% owned by Anatolia and 5% by Calik 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$260 per ounce. The first gold pour at Copler 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 Copler 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 138.1 million common shares issued and outstanding, 156.5 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.\"Cautionary StatementsExcept for statements of historical fact relating to Anatolia, certain 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 information may relate to this news release and other matters identified in Anatolia's public filings, Anatolia's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as \"may\", \"will\", \"could\", \...