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| Updated: September 7, 2004 |
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By Charles Kubach, Mine-Engineer.Com Sept., 1, 2008 Anatolia minerals is scheduled to open a gold mine on Turkey's largest undeveloped gold deposit, Copler Gold, in North Eastern Turkey. Copler has plans to get the operation into production late 2008, beginning with heap leaching the oxide deposit (2.8 million ounces of gold), with a cash cost of $300/ounce. They would expect their first pouring of bullion in early 2009, and continue to ramp up production until it reaches full production in 2009 (175,000 ounces of Au per year). Within a couple of years they expect gold production to be around 240,000 to 300,000 ounces of gold per year. They may then expand the oxide and develop the sulfide gold deposit, using froth flotation to benefit the gold. The copper ore may also be brought into production at a later date, since it is contained in the sulfide ore body. "The gold and silver mineralization at Copler is epithermal and was sourced from a low grade base metal porphyry intrusive described as a granodiorite to diorite stock. The gold mineralization is not a high-sulphidation occurrence as is commonplace in other porphyry copper systems. Two styles of gold mineralization are recognized at Copler: (1) quartzmanganese carbonate-barite veinlets, and (2) quartz-pyrite replacements of either limestone or prograde calc-silicate metamorphics. The quartz-manganese veinlets represent the majority of mineralized tonnage within the district. The gold mineralization is very fined grained and associated with arsenopyrite when in sulfide form." (Copler Gold Project Report, 2 March 2007) Anatolia Minerals has not reached the bottom of their mineralized ore zones, as they were still in ore at the bottom of all drill holes. They expect to continue to drill as time and production permits, to see the extent of the ore zone. They hope that it is like some of those deposits in South Africa, that seemingly continue downward with no end in sight. |
| Mine-Engineer.Com |
