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Anatolia begins Copler sulfide drilling
Sep 14, 2009 03:49PM
feasibility study won't be until next year, but then we should see an increase in the resource:
Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX: ANO - News) announces drilling has started at the Copler Gold Project ("Copler") in eastern central Turkey. This drill program is a continuation of the sulfide development program started during 2008.
The sulfide drilling program is expected to continue through the balance of 2009. Two diamond drill rigs are working, with a third diamond rig and a reverse-circulation drill on site and being mobilized. The drill plan includes approximately 12,000 meters, designed primarily to extend and better define the sulfide gold mineralization of several known sub-vertical strucctures encountered during earlier drilling.
Anatolia is currently developing the oxide reserves at Copler, with first gold pour and ramp up expected during 2010. Anatolia started an evaluation and development program for the underlying sulfide resources during 2008. The present sulfide resources at Copler include 3.2 million ounces. Anatolia's objective is to complete a sulfide preliminary feasibility study during 2010.
Edward Dowling, President and CEO of Anatolia stated, "We have high expectations that there is potential to add higher-grade tonnage to the gold sulfide resource at Copler."