Anatolia Minerals commences Copler Gold Mine construction

    TORONTO, Sept. 23 /CNW/ - Anatolia Minerals Development Limited
("Anatolia" or the "Company") (TSX: ANO) today announces construction is
beginning on its Copler Gold Mine ("Copler") in Turkey.
    Anatolia will begin mobilization of the main earthworks and civil works
contractor immediately. Construction management is being provided by SNC
Lavalin. The project schedule targets first gold pour in late 2009. Anatolia
will then ramp up production throughout 2010 to achieve full production goals
by 2011.
    Edward C. Dowling, President and CEO of Anatolia stated, "This is a
milestone achievement for Anatolia. I'm pleased we have delivered on the
objectives that we outlined at our annual meeting. Since receiving our final
permits last month, we completed a review of our construction execution plan
and are ready to proceed. Copler represents an important partnership between
Anatolia and the communities of the Province of Erzincan."
    Permitting and pre-construction activities have been ongoing. Anatolia
received its forestry lease permit in August 2008, with final lease
documentation completed September 18, 2008. This was the final permit required
for construction. Project financing arrangements for a US$70 million credit
facility were announced on August 25, 2008. Construction of a by-pass road,
power line, company housing, construction management accommodations and water
wells are either complete or on schedule. Key equipment has been manufactured,
shipped to Turkey and is available for delivery to the project site. Other
elements including final land acquisitions and relocation of the Copler
village will continue concurrently with plant construction activities.
    Anatolia has outlined a multi-phase approach to developing Copler. This
initial phase targets near-surface oxide ores, which will be processed through
a 15,500 tonne per day crush-heap leach operation. Management estimates
Phase 1 will produce 1.3 million ounces gold over an eight year mine life.
After the initial ramp up in 2010, remaining life-of-mine cash costs per ounce
will average approximately $290 per ounce gold.
    In addition to the start of plant construction, drilling is in process to
add oxide ores by converting existing oxide resources to reserves and defining
additional oxides in previously undrilled areas. Sulfide sample collection was
completed earlier this summer and metallurgical testing and process design
work is continuing.

    About Anatolia

    Anatolia Minerals is a leader among exploration and development companies
in Turkey, pursuing a disciplined strategy for growth through resource
discovery and development. The Company's 100%-owned Copler Gold Project is
among Turkey's largest undeveloped gold deposits. Anatolia is developing
Copler with a holistic approach. The Company plans a phased mine development
at Copler. Phase 1 begins with a crush-heap leach operation for the oxide
ores. Simultaneously, the Company is accelerating exploration and technical
work to generate additional gold resource and reserves for both oxide and
sulfide ores. In Phase 2, the Company plans to install milling for
higher-grade oxide ores to produce additional gold along with the initial heap
leach. Phase 3 will culminate in the development of the sulfide mineral
    Anatolia currently has 83.1 million common shares issued and outstanding,
100.5 million fully diluted. Anatolia trades on the Toronto Stock Exchange as

    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 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, Chief Financial Officer at (303) 292-1299 or visit

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