Anatolia gets resource at Karakartal

Vancouver – Anatolia Minerals (ANO-T, ALIAF-O) calculated its first resource estimate for the Karakartal copper-gold project in Turkey.

Anatolia pegs Karakartal’s indicated resource at 31.4 million tonnes grading 0.27% copper and 0.36 grams gold per tonne for 187 million lbs. contained copper and 363,000 contained oz. gold (at a 0.2 copper equivalent cut-off).

Using a potential open-pit model and a 0.24 copper equivalent cut-off, Anatolia estimated that 13.8 million tonnes of the indicated resource grading 0.29% copper and 0.46 grams gold might be mined.

Anatolia’s notes that the potential Karakartal pit has a low stripping ratio at 1.67 and that gold and copper recovery rates are excellent at 91% and 81% respectively.

Mineralization at Karakartal is open along strike and at depth, though the company says potential to the southeast is somewhat limited.

Another upside to the project, Anatolia notes, is Karakartal’s proximity to its flagship Copler gold project, only 12 km to the northwest.

As for ownership of Karakartal Anatolia says Calik Mining has an option to acquire a 50% interest in the project if it pays half of project costs incurred since the date of subscription.