Denver — Initial results from an ongoing, 20-hole drill program at the Cukurdere project, in central Turkey, are encouraging for partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N).
Collared 100 metres north and 200 metres south of previous core holes, CRC-4 intersected 68 metres grading 2 grams gold per tonne, starting at 44 metres below surface. The interval included 36 metres grading 3.2 grams gold per tonne.
Less than 80 metres south of a previous hole, hole CRC-5 intersected 128 metres averaging 2.25 grams gold per tonne. The interval actually represents two zones that are separated by 20 metres of 0.2 gram gold. It includes higher-grading intervals.
Copper and silver assays are pending for holes 4 and 5.
Holes 2 and 3 appear to define the western edge of the deposit. They returned anomalous values only.
In all, the partners have completed 14 reverse-circulation holes, of which most were infill or short stepouts to the first round of drilling.
The first of the earlier holes included 6.9 grams gold and 17.7 grams silver over 35.7 metres. It had to be abandoned at 50.7 metres down-hole, but has since been deepened to 130 metres. Results are pending.
Rio Tinto can earn a 70% interest in the property by spending US$10.5 million on exploration and paying US$1.5 million. The company is exploring Anatolia’s Uckapili and Kabatas projects, also in Turkey, under similar arrangements.
Anatolia received US$2.85 million in 2000 and has received more than US$2 million so far this year.
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