TORONTO, Nov. 10 /CNW/ - Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX: ANO) announces flotation test results for its 100% owned Karakartal copper-gold porphyry property in east-central Turkey. Karakartal is located approximately 15 km southeast of Anatolia's Copler Gold Project, which is currently under construction.
Locked cycle flotation testing of a composite sample from recent diamond drilled holes demonstrates a high level of amenability of Karakartal ores to recovery using standard flotation techniques. Head assays, recoveries and metal values in concentrate are reported below. A more detailed report of the locked cycle flotation test is posted on Anatolia's website (www.anatoliaminerals.com).
Cu Au Ag Head Assays 0.34% 0.39 gpt 1.00 gpt Recoveries 91.58% 81.22% 34.5% Concentrate Metal Values 25.20% 24.40 gpt 23.00 gpt
The composite test sample was generated by combining approximately 110 kg of drill core samples from Karakartal drill holes KDD-006, KDD-007 and KDD-009. Sub-samples were utilized to determine mineralogy, work index, grind optimization, reagent optimization and flotation characteristics. The highest flotation recoveries for both copper and gold were for grind sizes in the range of 80% passing (P80) 106 microns to a P80 of 90 microns. Ore composite grindability test data at 106 microns indicated a calculated Bond Mill Work Index value of 14.1 KWhr/t (kilowatt hours/tonne).
Edward Dowling, President and CEO of Anatolia stated, "This first round of metallurgical testing is very encouraging and indicates a simple flotation circuit can produce a clean, high quality concentrate. Several opportunities to optimize copper and gold recoveries were identified and will be evaluated in future test-work. We expect these results to favorably affect the preliminary assessment being prepared for Karakartal."
The Karakartal porphyry system is characterized by a dioritic to monzonitic intrusive located in a package of hornfelsed metasediments and limestones. The limestones and metasediments represent the Jurassic/Cretaceous Munzur Formation. The metasediments are the lower portion of this sequence and have been widely hornfelsed and locally mineralized by the younger intrusive event. Alteration is dominated by a sericite/pyrite phyllic phase (most commonly within the hornfels) and a strongly developed potassically altered core within the system (most commonly in the intrusive). Mineralization is characterized by chalcopyrite, pyrite and a magnetite stockwork with some silica veinlets.
About Anatolia
Anatolia Minerals is a leader among exploration and development companies in Turkey. The Company's 100%-owned Cöpler Gold Project is among Turkey's largest undeveloped gold deposits. Anatolia is pursuing a disciplined strategy for growth through resource discovery and development.
Anatolia currently has 83.1 million common shares issued and outstanding, 100.5 million fully diluted. For more information: Edward Dowling, President and CEO, or Douglas Tobler, Chief Financial Officer at (303) 292-1299 or visit www.anatoliaminerals.com. Anatolia trades on the Toronto Stock Exchange as ANO.
Cautionary Statements
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", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to commodity prices, mineral resources, mineral reserves, realization of mineral reserves, existence or realization of mineral resource estimates, the timing and amount of future production, the timing of construction of the proposed mine and process facilities, capital and operating expenditures, availability of sufficient financing, and any and all other timing, development, operational, financial, economic, legal, regulatory, political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other Anatolia filings, and include the ultimate determination of mineral reserves, availability and final receipt of required approvals, licenses and permits, sufficient working capital to develop and operate the proposed mine, access to adequate services and supplies, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and associated cost of funds, availability of a qualified work force, and the ultimate ability to mine, process and sell mineral products on economically favorable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Anatolia filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, Anatolia does not intend, and undertakes no obligation to update any forward looking information to reflect, among other things, new information or futures events. The technical information set forth in this press release and the contents of this press release have been reviewed and prepared under the supervision of, and verified by, Robert Benbow, P.E, a qualified person pursuant to National Instrument 43-101 of the Canadian Securities Administration. Mr. Benbow is the Vice President, Country Manager with Anatolia Minerals Development Limited. Composite sample preparation and testwork were performed by AMMTEK Ltd., of Perth, Western Australia.