- Published: 07 November 2008
- Written by Editor
Anatolia reports porphyry copper mineralization announced by Empire at Bursa East
Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX: ANO) today reported that its partner at Bursa East has announced results of its recently completed initial diamond drill program at the Bursa East copper-molybdenum porphyry project in Turkey. Empire Mining Corporation ("Empire") holds an option to earn a 65% interest in Bursa East and is responsible for funding project costs until earn in is complete.
Below is the entire text of the Empire news release as issued by Empire:
Empire Mining Corporation (EPC: TSX-V) ("Empire" or the "Company") is pleased to announce results of its recently completed initial diamond drill program at the Bursa copper-molybdenum porphyry project in Turkey. Significant copper mineralization was intercepted in five of six holes testing the Karapinar prospect at Bursa including 99.7 metres from surface averaging 0.50% copper, 0.007% molybdenum and 0.10 grams per tonne gold in Drill Hole KDH-006.
Empire is earning a 65% interest in Bursa from Anatolia Minerals Development Limited. The Bursa Property is located 120km south of Istanbul within the Turkish sector of the Tethyan Metallogenic Belt. The Tethyan Belt passes through central and Southeast Europe, the Middle East, and central and Southeast Asia and hosts a number of significant copper-molybdenum-gold porphyry deposits.
Empire's program consisted of six diamond core holes, totaling 1,601 metres, designed to confirm and expand the zone of porphyry copper mineralization indicated in three earlier holes by Rio Tinto the at Karapinar deposit (see announcement of July 10th, 2008). Five of the six holes, results of which are summarized below, intercepted thick intervals of copper mineralized porphyry with significant molybdenum and gold over a surface area approximately 400 metres x 400 metres. The mineralized porphyry is open in all directions laterally and at depth.
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Total From To Intercept Cu Mo Au
Hole No. Depth (m) (m) (m) (m) (%) (%) (g/t)
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KDH-006 363.00 0.00 99.70 99.70 0.50 0.0071 0.10
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138.70 227.00 88.30 0.23 0.0022 0.06
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KDH-007 380.50 5.50 133.20 127.70 0.31 0.0133 0.11
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363.00 380.50 17.50 0.49 0.0112 0.07
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KDH-008 323.00 0.00 224.00 224.00 0.36 0.0110 0.08
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Including 20.00 141.00 121.00 0.47 0.0153 0.12
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Including 43.00 86.00 43.00 0.72 0.0114 0.18
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Including 43.00 68.00 25.00 1.01 0.0118 0.21
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Including 202.00 218.40 16.40 0.62 0.0056 NS
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KDH-009 278.00 19.00 206.60 187.60 0.34 0.0110 NS
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Including 75.00 113.60 38.60 0.57 0.0190 NS
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Including 97.90 113.60 15.70 0.77 0.0333 NS
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KDH-010 101.00 No Significant Results
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KDH-011 155.50 0.00 155.5 155.6 0.25 0.0148 NS
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Including 60.00 84.00 24.00 0.46 0.0314 NS
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total 1601.00
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NS: equals no significant values.
Drill holes KDH-008 and 011, located at the southwest margin of the drill
pattern, intercepted zones of supergene enrichment in heavily fractured
porphyry containing native copper (see photos) and other secondary copper
minerals from surface to depths up to 100 metres. The enriched section of the
Karapinar deposit, containing higher grade intervals up to 25 metres averaging
1.01% copper in KDH-008, is being further evaluated for potential copper
recovery by leaching.
Additional drilling is currently planned at Bursa to further define and
expand the Karapinar porphyry copper deposit and test the Gurculer prospect,
where past drilling by Rio Tinto intercepted mineralized porphyry in Hole
G-002 containing 0.43% copper, 0.005% molybdenum and 0.14 grams per tonne gold
along 45 metres. An initial drill test is also planned for the Demirtepe
prospect which is located midway between Karapinar and Gurculer and contains a
large area of mineralized skarn with coincident IP and copper-molybdenum-gold
geochemical anomalies covering an area 1500 x 1000 metres.
QUALITY ASSURANCE/QUALITY CONTROL
Gold assays were determined by fire assay with an AA finish at ALS Chemex
Assay Laboratories in Vancouver, B.C. Canada. ALS Chemex performed internal
check assaying on about 5% of the samples, and also included analyses of
internal standards inserted into the sample string. In addition, check
analyses are in progress on a duplicate second split on a further 5% of the
samples. The second split was collected at the drill rig during drilling, at
the same time as the first, and retained for check assaying.
The Company's Qualified Person, John Prochnau, B.Sc. (Mining Engineering),
M.Sc. (Geology), and a Special Advisor to Empire, has reviewed and approved
the content of this news release.
About Empire Mining
Empire Mining Corporation is a mineral exploration and development company
operating principally in and near the western segment of the under-explored
Tethyan Belt, which is a major porphyry-related mineralized zone that hosts
numerous world-class ore-bodies. Empire's primary objectives are the
development of its chromite projects in Albania and the exploration and
development of mineral properties in Serbia and Turkey.
ON BEHALF OF THE BOARD,
Robert F. Giustra
Director
>>
End of Empire news release.
The foregoing news release was prepared and distributed by Empire. Anatolia takes no responsibility for the form or content of the news release.
About Anatolia
Anatolia Minerals is a leader among exploration and development companies in Turkey. The Company's 100%-owned Copler 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.
SOURCE: Anatolia Minerals Development Limited
Ray Lagace, Investor Relations, (604) 638-3474, or 1-866-689-2599, This email address is being protected from spambots. You need JavaScript enabled to view it.
