Anatolia drilling defines open pit

Anatolia Minerals (ANOU-T) has defined considerable gold following reverse-circulation drilling at its pler project in east-central Turkey.

Since March, the company has drilled 207 holes on a 50-metre grid pattern. Results from 139 holes drilled on the Main zone indicate that 81 holes graded greater than 0.5 gram gold per tonne. Highlights include the following:

— 27 holes assayed greater than 2 grams gold and averaged 3.44 grams gold. The average oxide thickness in these holes was 13.97 metres.

— 29 holes contained intercepts of 1-2 grams gold averaging 1.33 grams gold, with an average oxide thickness of 9.83 metres.

— 25 holes assayed 0.5-1 gram gold averaging 0.74 gram gold. The average oxide thickness in these holes was 3.76 metres.

The Main Porphyry zone has an inferred resource of 33 million tonnes grading 2.1 grams gold per tonne, based on a 2003 estimate by Watts, Griffis & McOuat.

In April 2002, the Marble Cover area was estimated to contain 4 million tonnes grading 7.7 grams gold per tonne in the inferred category, whereas the MN mine area had 7 million tonnes of 4.1 grams gold, also inferred (T.N.M., Jan.26/04).

The latest drill results are helping define a shallow open-pit resource. A feasibility study is due in mid-2005.

Anatolia has 41 million shares outstanding, or 44.9 million on a fully diluted basis.

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