Anatolia announces Copler sulfide drilling and development plan

    TORONTO, May 19 /CNW/ - Anatolia Minerals Development Limited ("Anatolia"
or the "Company") (TSX: ANO) announces plans to drill the large, underlying
sulfide gold deposit at its Copler Gold Project in eastern central Turkey.
This drill program is part of Anatolia's current sulfide development plan,
which is expected to culminate in a preliminary feasibility study by early
    The drill plan includes approximately 12,000 meters, designed primarily
to extend and better define the gold mineralization of several known
sub-vertical structures encountered during earlier drilling. Concurrently,
management is continuing metallurgical testing of sulfide samples collected
during the 2008 drilling program and evaluating processing alternatives.
    Edward Dowling, President and CEO of Anatolia stated, "Advancing the
Copler sulfides is part of our holistic approach to developing the gold
deposit at Copler. This drilling program and plans to produce a preliminary
feasibility study reflect the confidence of our team in the economic potential
of the sulfides. We expect to see first gold production from the oxide
reserves within a year, and are preparing to transition into the sulfides as
mining exposes these ores."

    About Anatolia

    Anatolia Minerals, recognized as a leader in exploration and development
in Turkey, is developing its Copler Gold Project. Initial plans are to produce
approximately 1.3 million ounces of gold at a cash cost of about $260 per
ounce. The first gold pour at Copler is expected in 2010 with full production
of about 175,000 ounces of gold per year anticipated in 2011. Additional
production expansion of the oxide and sulfide gold resource is expected at
Copler by taking advantage of the inherent large resource through on-going
technical activities. In addition, Anatolia holds a significant pipeline of
prospective gold and base metal projects.
    Anatolia currently has 114.7 million common shares issued and
outstanding, 133.4 million fully diluted. Anatolia's common shares are listed
for trading on the Toronto Stock Exchange under the symbol 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, economic conditions,
availability of sufficient financing, and any and all other timing,
development, operational, financial, economic, legal, regulatory, political or
social 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, titles,
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, lack of
social opposition to the mine, 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 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.

For further information:

For further information: Edward Dowling, President and CEO, or Douglas
Tobler, CFO at (303) 292-1299 or visit

Organization Profile

Alacer Gold Corp.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890