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Message: Anatolia reports initial resources estimate at Karakartal copper-gold porphyry

Anatolia reports initial resources estimate at Karakartal copper-gold porphyry

posted on Aug 25, 2009 04:19PM

not a whole lot to get excited about here. it isn't very big or high grade, so the company's future is definitely at copler. but once copler is operating and all of the infrastructure is in place, karakartal could be economic some day with higher copper prices:

The results of this initial resource estimate for Karakartal are encouraging. Work to date demonstrates this copper-gold porphyry system hosts mineral resources of moderate size and low to moderate grades, with several potentially beneficial characteristics:

	    -  The base case LG pit contains less than half of the Indicated and
	       Inferred tonnages relative to the global block model inventories.
	       Using higher metal prices and/or lower operating costs generate
	       conceptual LG pits containing more tonnage and metal than the base-
	       case scenario;

	    -  The stripping ratio calculated for the base-case is low, at 1.67;

	    -  Metallurgical testing demonstrates excellent copper and gold recovery
	       rates at 91% and 81%, respectively;

	    -  Personnel, infrastructure and logistical synergies may be realized
	       given Karakartal's proximity to Copler; and

	    -  The resource remains open and is essentially untested along strike to
	       the northwest and at depth. The resource potential is somewhat limited
	       along strike to the southeast. Additional drilling is necessary to
	       follow up the exceptional copper and gold grades intercepted in KDD-
	       021 (235 meters at 0.43% Cu and 1.02 gpt Au).

	    -  Other localized targets are identified and remain untested by
	       drilling.
http://finance.yahoo.com/news/Anatolia-reports-initial-cnw-2559327339.html?x=0&.v=1
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