Anatolia Minerals Development Limited: Measured & Indicated At Copler Grows Tenfold.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Anatolia Anatolia (ăn'ətō`lēə) [Gr.,=sunrise], Asian part of Turkey, usually synonymous with Asia Minor. Anatolia or Asia Minor Turkish Anadolu Peninsula forming the western extremity of Asia. Minerals Development Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ANO Noun 1. ANO - a Palestinian international terrorist organization that split from the PLO in 1974; has conducted terrorist attacks in 20 countries; "in the 1980s the Fatah-RC was considered the most dangerous and murderous Palestinian terror group" )("Anatolia") has received an updated estimate of gold resources for that portion of its wholly-owned Copler gold deposit drilled to date. The study by Independent Mining Consultants (IMC (Internet Mail Consortium, Santa Cruz, CA, www.imc.org) An industry trade association founded in 1996 by Paul Hoffman and Dave Crocker that promotes Internet e-mail standards and features. ), of Tucson, Arizona Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] , estimates the Measured and Indicated (M&I) in-pit oxide oxide, chemical compound containing oxygen and one other chemical element. Oxides are widely and abundantly distributed in nature. Water is the oxide of hydrogen. Silicon dioxide is the major component of sand and quartz. resources at 11.6 million tonnes of mill-feed averaging 2.96 grams per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. (gpt) gold, plus 30.9 million tonnes heap-leach at 0.70 gpt gold, aggregating 1.8 million ozs. gold (75% Measured). The Inferred oxide resource totals 4.5 million tonnes at 0.84 gpt gold, containing 121,600 ozs. of gold. Sulfide sulfide, chemical compound containing sulfur and one other element or sulfur and a radical. Sulfides may be salts or esters of hydrogen sulfide, H2S, or may be formed directly, e.g., by heating a metal with sulfur. resources total 28.0 million tonnes of in-pit Measured & Indicated at 2.22 gpt gold (2.0 million ozs. gold), plus 15.5 million tonnes of Inferred at 3.00 gpt gold (1.5 million ozs. gold). Overall Copler Measured and Indicated resources total 70.5 million tonnes at a grade of 1.68 gpt gold (3.8 million oz.) as contained in conceptual pit shapes. In addition to the Measured and Indicated resource, an Inferred resource of 20.0 million tonnes at 2.52 gpt gold (1.6 million ozs. gold) was defined. This compares to the 359,000 ozs. of Measured and Indicated and 3.6 million ozs. of Inferred reported last year. The update follows a 171-hole, 29,564-meter, grid drilling campaign completed earlier this year as part of Anatolia's program to complete a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. by end of first quarter 2006 and lead to a production decision shortly thereafter. Baseline The horizontal line to which the bottoms of lowercase characters (without descenders) are aligned. See typeface. baseline - released version and hydrological hy·drol·o·gy n. The scientific study of the properties, distribution, and effects of water on the earth's surface, in the soil and underlying rocks, and in the atmosphere. studies, metallurgy metallurgy (mĕt`əlûr'jē), science and technology of metals and their alloys. Modern metallurgical research is concerned with the preparation of radioactive metals, with obtaining metals economically from low-grade ores, with , site selection and other work are likewise well advanced. Andrew Kaczmarek, V.P. Mine Development and Copler Project Manager, has been charged with overseeing and carrying out all aspects of this program, including coordinating with the engineering group charged with completing the feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. . The engineering group executing the feasibility study has been managing the metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. test program and coordinating study activities since last year and with the resource update in hand will now be able to complete the study. Said Dick Moores Dick Moores is a comic strip creator whose best known work was for the comic strip Gasoline Alley. He received the National Cartoonist Society Story Comic Strip Awards for 1973, 1980, 1981, 1982, and 1985, and their Reuben Award for 1974 for his work on this strip. , Anatolia's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "Confirmation of such a significant in-pit, M&I resource is fantastic news and should keep us on track to an early production decision. IMC's comprehensive review ensured that the Measured and Indicated resources met the criteria for economic extraction and were contained in a preliminary pit design based on a $430/oz. gold price. Estimates at other gold prices are also in the report. As a result, all material classified as M&I qualifies as potentially mineable material and will provide an excellent basis for the feasibility study. So far this year, Anatolia has grown the deposit by 1.4 million inferred ozs. and converted 3.5 million ounces of Inferred into Measured and Indicated. Our geologists A geologist is a contributor to the science of geology. Geologists are also known as earth scientists or geoscientists. The following is a list of famous or notable geologists. continue to work to expand the gold resource at and around Copler." A summary of the recently completed IMC resource estimate for Copler follows:
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Measured Indicated
Tonnes Au Ag Tonnes Au Ag
(000) (Gpt) (Gpt) (000) (Gpt) (Gpt)
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Oxides-Mill Only
Main 1,047 2.85 5.06 1,083 2.82 3.92
Manganese 7,189 2.74 10.69 600 2.33 9.24
Marble Contact 1,424 4.21 4.89 247 4.77 4.66
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Total Mill Oxide 9,660 2.97 9.22 1,930 2.92 5.67
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Oxides-Leach Only
Main 2,539 0.95 2.08 4,813 0.91 1.80
Manganese 14,793 0.65 0.63 5,843 0.54 0.33
Marble Contact 2,081 0.75 0.68 824 0.71 1.28
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Total Leach Oxide 19,413 0.70 0.83 11,480 0.71 1.01
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Oxides-Total
Main 3,586 1.50 2.95 5,896 1.26 2.19
Manganese 21,982 1.33 3.92 6,443 0.71 1.16
Marble Contact 3,505 2.15 2.38 1,071 1.65 2.06
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Total Oxides 29,073 1.45 3.61 13,410 1.03 1.68
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Sulfides-Total
Main 4,664 2.33 5.90 14,038 2.24 5.75
Manganese 4,749 2.01 10.90 3,687 1.92 0.03
Marble Contact 610 3.63 2.11 258 3.61 1.96
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Total Sulfides 10,023 2.26 8.04 17,983 2.19 6.57
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Total Resource
Main 8,250 1.97 4.62 19,934 1.95 4.70
Manganese 26,731 1.45 5.16 10,130 1.15 4.39
Marble Contact 4,115 2.37 2.34 1,329 2.03 2.04
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Total Resource 39,096 1.66 4.75 31,393 1.70 4.49
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Measured + Indicated Inferred
M+I Inferred
Tonnes Au Ag Au ozs Tonnes Au Ag Au ozs
(000) (Gpt) (Gpt) (000) (000) (Gpt) (Gpt) (000)
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Oxides-Mill
Only
Main 2,130 2.83 4.48 194 290 2.57 0.92 24
Manganese 7,789 2.71 10.55 679 255 1.90 0.35 15
Marble
Contact 1,671 4.29 4.85 230 9 2.90 0.19 1
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Total Mill
Oxide 11,590 2.96 8.61 1,103 554 2.27 0.65 40
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Oxides-Leach
Only
Main 7,352 0.92 1.90 217 1,552 0.80 0.73 40
Manganese 20,636 0.62 0.55 411 2,146 0.55 0.26 39
Marble
Contact 2,905 0.74 0.85 69 251 0.53 2.50 4
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Total Leach
Oxide 30,893 0.70 0.90 697 3,949 0.65 0.59 83
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Oxides-Total
Main 9,482 1.35 2.48 411 1,842 1.08 0.76 64
Manganese 28,425 1.19 3.29 1,090 2,401 0.69 0.27 54
Marble
Contact 4,576 2.04 2.31 299 260 0.61 2.42 5
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Total Oxides 42,483 1.32 3.00 1,800 4,503 0.84 0.59 123
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Sulfides-Total
Main 18,702 2.27 5.80 1,365 15,046 3.03 5.41 1,466
Manganese 8,436 1.98 10.54 537 454 2.01 5.24 29
Marble
Contact 868 3.61 2.06 101 28 5.55 2.52 5
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Total
Sulfides 28,006 2.22 7.11 2,003 15,528 3.00 5.40 1500
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Total Resource
Main 28,184 1.96 4.68 1,776 16,888 2.82 4.90 1,531
Manganese 36,861 1.37 4.95 1,627 2,855 0.90 1.06 82
Marble
Contact 5,444 2.29 2.27 400 288 1.09 2.43 10
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Total
Resource 70,489 1.68 4.64 3,803 20,031 2.52 4.32 1,623
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The resource estimate prepared by IMC reflects metallurgical test-work performed by Research Development Inc (RDi) of Denver, Colorado. Recoveries for oxide ores are based on available test results. Approximate average mill recoveries for gold were 88% for the Manganese manganese (măng`gənēs, măn`–) [Lat.,=magnet], metallic chemical element; symbol Mn; at. no. 25; at. wt. 54.938; m.p. about 1,244°C;; b.p. about 1,962°C;; sp. gr. 7.2 to 7. Zone, 83% for the Marble Contact Zone and 78% for the Main Zone. Recoveries used for the heap leach leach v. leached, leach·ing, leach·es v.tr. 1. To remove soluble or other constituents from by the action of a percolating liquid. 2. ores were generally between 66% and 76%. Heap leach test work continues. Sulfide mill recoveries were estimated at 75% based on preliminary test work as reported in the December 2003 Conceptual Study. The following bottle-roll results are presented for comparative purposes with previously announced results. For 2004, some 264 samples from the grid drilling were composited for bottle-roll tests to determine the cyanide cyanide (sī`ənīd'), chemical compound containing the cyano group, -CN. Cyanides are salts or esters of hydrogen cyanide (hydrocyanic acid, HCN) formed by replacing the hydrogen with a metal (e.g., sodium or potassium) or a radical (e.g. leachability of the gold. The composites varied from totally oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. to un-oxidized. The 2005 values for the Manganese Mine Zone result from the composite of some 315 samples which are oxide. A total of 131 oxide composite samples were used for the 2005 values associated with the Marble Contact Zone. The table below indicates average recoveries achieved from these oxide zone samples, compared to previous tests:
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Average
Cyanide Gold Bottle-Roll Bottle-Roll
Recovery Cyanide Gold Cyanide Gold
Rio Tinto Recovery Recovery
(2003) (2004) (2005)
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Manganese Mine Zone 92% 82% 90%
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Marble Contact Zone 80% 88% 84.9%
(90% with fine grind)
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Main Zone 80% 84% N/A
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Anatolia has been engaged in minerals exploration in Turkey since 1996. In January 2004, Anatolia increased to 100% its interest in the Copler Gold Project. Anatolia is advancing work at Copler to complete a feasibility study by first quarter 2006 for an open pit gold operation for the shallow leachable oxide portion of Copler. The Company also controls approximately 1.1 million hectares within Turkey, including four properties currently under joint exploration with Rio Tinto Rio Tinto may refer to:
Anatolia currently has 49.6 million common shares issued and outstanding, 57.8 million fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. . Anatolia trades on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. as ANO. This news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in respect of various matters including upcoming work programs and events. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Anatolia disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Assays are performed by OMAC OMAC Open Modular Architecture Control(ler) OMAC One-Key CBC Mac OMAC One Man Army Corps OMAC Observational Metahuman Activity Construct OMAC Ocala Municipal Arts Commission (Florida) Laboratories, Ireland, and ALS-Chemex, Vancouver, BC, Canada, with quality control of sampling, preparation and assaying overseen by Anatolia, whose President, Richard C. Moores, is a "qualified person" for the purposes of applicable Canadian securities regulations Canadian securities regulation is managed through laws and agencies established by Canada's 13 provincial and territorial governments. Each province and territory has a securities commission or equivalent authority. . The Independent Qualified Person responsible for the above resource estimates is John M. Marek, P.E., President of IMC. A Technical Report prepared to NI43-101 requirements will be lodged within 30 days of this Release. Anatolia Minerals Development Limited (TSX:ANO) |
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