| Follow us on Twitter |
Drilling started in May 2008 and included nine diamond drill holes, aggregating 2,736 meters. A detailed breakout of drilling results and an area map are posted to Anatolia's website. A summary of the most recent Karakartal drill hole data with meaningful results is given below.
Edward Dowling, President and CEO of Anatolia stated, "These results are in line with our expectations and support additional drilling, which is continuing this fall. We continue to view Karakartal as a medium sized, medium grade copper-gold porphyry that will benefit from excellent mining terrain and its close proximity to our Copler Gold Project. In addition to the ongoing drilling, we are completing preliminary flotation tests and expect to produce an initial resource estimate near year's end. A NI 43-101 preliminary assessment is planned for late in the first quarter 2009. Management is taking a disciplined approach to allocating the Company's discretionary exploration budget for 2009. Plans for additional drilling will depend on the results of this fall's drilling, metallurgical test results and the preliminary assessment."
The Karakartal porphyry system is characterized by a dioritic to monzonitic intrusive intruded into a package of hornfelsed metasediments and limestones. The limestones and metasediments represent the Jurassic/Cretaceous Munzur Formation. The metasediments are the lower portion of this sequence and have been widely hornfelsed and locally mineralized by the younger intrusive event. The upper limestones cap the area with a thick sequence of several hundred meters.
Alteration is dominated by a sericite/pyrite phyllic phase (most commonly within the hornfels) and a strongly developed potassically altered core to the system (most commonly within the intrusive). Mineralization is characterized by chalcopyrite, pyrite and a magnetite stockwork with some silica veinlets.
The drilling identified mineralized potassically altered diorite to a depth of approx 400m in the core of the system.
Anatolia drilled five holes at Karakartal in 2001 (see Anatolia News Release dated May 23, 2001; Karakartal was previously referred to as Kabatas). A summary of the previous drill hole data with meaningful results is given below. Given the disseminated nature of the deposit, these intercepts approximate true widths. -- www.cnxmarketlink.com