Turkey’s ambivalence over the use of cyanide in mining hasn’t impeded exploration at the Yenipazar polymetallic project, a joint venture involving
Situated 240 km southeast of Ankara, Yenipazar is a massive-sulphide project, and one of two Anatolia properties selected by the major as part of a 1998 option agreement. As such, it has little to fear from a recent anti-cyanide ruling, as processing would most likely involve flotation and the production of concentrates. (In late 1998, a Turkish court banned the use of cyanide at the processing facility of Inmet Mining’s Ovacik gold mine, on the Aegean coast.)
Rio Algom has invested $1.5 million in the purchase of Anatolia shares at US85 cents per share. Two-thirds of this amount must be spent on the two properties; the major can then elect to earn into either or both prospects.
Anatolia recently reported results from a 3-hole, followup drill program at Yenipazar. The holes were collared 200 to 1,000 metres from previous drilling, but in an area covered by an airborne electromagnetic survey.
Hole ES-5 returned 27.5 metres (from 110.5 to 138 metres) of 1.8% combined zinc-copper-lead, plus 0.3 gram gold and 28 grams silver per tonne. Included in the interval were 1.5 metres of 4.9% zinc-copper-lead, 1.1 grams gold and 104 grams silver. A second interval from this hole returned 4.5 metres (starting at 171.5 metres) of 3.6% combined zinc-copper-lead, 0.7 gram gold and 76 grams silver.
Hole ES-5 was a downdip stepout from hole ES-4, which returned 78 metres in two zones at 3.3% combined zinc-copper-lead, 2.1 grams gold and 41 grams silver.
The second and third holes returned low-grade mineralization (below 1% combined zinc-copper-lead).
A followup drill program will be based partially on the results of recent EM surveys. Those results are pending.
Anatolia holds exploration and mineral licences covering 1.7 million ha in Turkey.
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