Anatolia Minerals Development Limited
TSX : ANO

Anatolia Minerals Development Limited

July 11, 2005 09:03 ET

Anatolia Drills More Gold At Its 100% Owned Copler

TORONTO, ONTARIO--(CCNMatthews - July 11, 2005) -

Manganese Mine Zone Drilling Extends/Delineates Manto. CDD-095 cuts 117 meters @ 4.8 gpt gold; CRC-373 cuts 72 meters @ 4.2 gpt gold; CRC-364 cuts 27 meters @ 7.1 gpt gold; CRC-369 cuts 10 meters @ 15.7 gpt gold.

Anatolia Minerals Development Limited (TSX:ANO)("Anatolia") is pleased to announce assay returns from the Manganese Mine Zone at its 100% owned Copler Gold Project. This drill program aims to expand the current 4-million-ounce inferred resource (44 million tonnes @ 2.9 gpt gold), infill drill the Manganese Mine and Marble Contact oxides and condemnation drill planned facilities sites. The primary drilling objectives are now substantially complete; although selective follow-up drilling is expected to continue through at least July 2005. The map attached to this news release will be posted to Anatolia's web site (www.anatolia-minerals.com).

By June 30, 143 reverse-circulation holes and 21 diamond core holes aggregating 28,418 meters had been completed for 2005, with results received for 153 holes. Some 4,047 meters were drilled in June (3,474 meters RC and 573 meters DD), with summary results for assays received given below (generally oxides, unless noted):



Manganese Mine Zone Summary of Significant Results:
---------------------------------------------------

Central Area (Manto) Results:
-----------------------------
Drill Intercept Au
Hole (Meters) Gpt Comments
CDD-95 117 4.8 70-187m @ 4.8 gpt gold
CRC-363 9 3.5 24-33m @ 3.5 gpt gold
CRC-364 27 7.1 77-104m @ 7.1 gpt gold
CRC-365 36 3.2 22-48 m @ 3.1 gpt gold; 57-67m @
3.3 gpt gold
CRC-366 26 4.2 68-83m @ 4.6 gpt gold; 107-118m @
3.5 with 6m sulf
CRC-367 4 9.1 82-86m @ 9.1 gpt gold with 1m sulf
CRC-369 22 9.5 53-63m @ 15.7 gpt gold; 115-123m @
4.1 gpt gold; 134-138m @ 4.6 gpt gold
CRC-370 7 5.4 0-7m @ 5.4 gpt gold
CRC-373 72 4.2 11-83m @ 4.2 gpt gold
CRC-375 4 11.1 22-26m @ 11.1 gpt gold
CRC-377 9 3.1 145-150m @ 3.7 gpt gold;160-164m @
2.4 gpt gold with 1m sulf

Halo/Fringe Holes:
------------------
Drill Intercept Au
Hole (Meters) Gpt Comments

CRC-371 65 0.6 36-43m @ .2 gpt gold; 66-113m @
0.7 gpt gold; 141-152m @ 0.4 gpt gold
CRC-374 109 0.5 0-63m @ 0.6 gpt gold; 81-109m @
0.4 gpt gold; 135-153m @ 0.5 gpt gold


Holes CRC-368 and CRC-372 had mostly thin intervals of potential heap leach material.

Richard C. Moores, President of Anatolia, stated, "Drilling continues to demonstrate the predictable nature of the gold-rich manto (blanket) in the Manganese Mine Zone. New holes in the manto returned very good results consistent with previously announced holes and demonstrate the continuity of the manto feature; others extend the boundaries and indicate the zone is still open. Holes CRC-369 and CDD-95 show continuation of thick, high grade gold mineralization to the South. As before, this month's results should favorably impact resource tonnage and grade."

Anatolia is advancing the feasibility study for the oxide portion of the resource. In December 2004, a study by Hellman & Schofield Pty Ltd estimated a 0.4 million measured and indicated ounce oxide gold resource (5.5 million tonnes @ 2.0 gpt gold) plus a 1.1 million ounce inferred oxide gold resource (13.3 million tonnes @ 2.6 gpt gold). The results of the 2005 drilling program will be incorporated into a new resource estimate, which will become the basis for the feasibility study. Metallurgical tests indicate the leachability of this resource (+80% in the Main and Marble Contact Zones and -90% in the Manganese Mine Zone). Additional metallurgical testing of oxides, continuation of baseline environmental studies, project design and facilities siting studies are proceeding as planned. Anatolia expects to complete a resource update near the end of the third quarter this year and the feasibility study early in 2006.

A more detailed breakout of June 2005 drilling results is presented below:



Drill Total From To Intercept Au
Drill Hole Type Depth (Meters) (Meters) (Meters) Gpt

CDD-95 RC Hole 187.8 70.5 187.8 117.3 4.82
Including 118.6 124.0 5.4 15.16
And Including 136.0 149.5 13.5 12.01
And Including 172.5 187.8 15.3 7.14

CRC-363 RC Hole 168.0 0.0 7.0 7.0 0.92
And 21.0 79.0 58.0 0.80
Including 24.0 33.0 9.0 3.49

CRC-364 RC Hole 121.0 0.0 104.0 104.0 2.64(i)
Including 77.0 104.0 27.0 7.08

CRC-365 RC Hole 69.0 0.0 69.0 69.0 1.98(i)
Including 22.0 48.0 26.0 3.12
Including 40.0 48.0 8.0 4.96
And Including 57.0 67.0 10.0 3.32

CRC-366 RC Hole 118.0 0.0 118.0 118.0 1.39(i)
Including 68.0 83.0 15.0 4.64
And Including 107.0 118.0 11.0 3.50(i)

CRC-367 RC Hole 119.0 0.0 86.0 86.0 0.77(i)
Including 82.0 86.0 4.0 9.12(i)
And 86.0 94.0 8.0 2.10(i)
And 113.0 118.0 5.0 1.23(i)

CRC-368 RC Hole 240.5 33.0 52.0 19.0 0.26
And 154.0 217.0 63.0 0.29

CRC-369 RC Hole 162.0 0.0 145.0 145.0 2.13(i)
Including 53.0 63.0 10.0 15.70
And Including 115.0 123.0 8.0 4.12
And Including 134.0 138.0 4.0 4.61
And 148.0 152.0 4.0 1.62(i)

CRC-370 RC Hole 93.0 0.0 7.0 7.0 5.36
And 73.0 84.0 11.0 0.80(i)

CRC-371 RC Hole 162.0 36.0 43.0 7.0 0.24
And 66.0 113.0 47.0 0.66
Including 95.0 98.0 3.0 5.88
And 141.0 152.0 11.0 0.41

CRC-372 RC Hole 192.0 0.0 192.0 192.0 0.12

CRC-373 RC Hole 188.0 0.0 172.0 172.0 2.23
Including 11.0 83.0 72.0 4.16

CRC-374 RC Hole 187.0 0.0 63.0 63.0 0.55
And 81.0 109.0 28.0 0.42
And 135.0 153.0 18.0 0.47

CRC-375 RC Hole 198.5 0.0 81.0 81.0 0.95
Including 22.0 26.0 4.0 11.10
And 100.0 143.0 43.0 0.40(i)

CRC-377 RC Hole 173.0 7.0 13.0 6.0 0.21
And 89.0 99.0 10.0 0.21
And 129.0 164.0 35.0 1.11(i)
Including 145.0 150.0 5.0 3.66
Including 160.0 164.0 4.0 2.38(i)

(i) Denotes intercepts containing some sulfide mineralization.


Anatolia has been engaged in minerals exploration in Turkey since 1996. In January 2004, Anatolia increased to 100% its interest in the 4-million ounce inferred gold resource at Copler. Anatolia is advancing work at Copler to achieve a production decision by early 2006 for an open pit gold operation for the shallow leachable oxide portion of Copler. The Company also controls approximately 1.1 million hectares within Turkey, including four properties currently under joint exploration with Rio Tinto. The Rio Tinto agreement continues through 2007 and requires payment

by Rio Tinto of expenditures for grassroots programs, specific prospect costs in which Rio Tinto is participating, and portions of Anatolia's Turkish field office expenses.

Anatolia currently has 49.5 million common shares issued and outstanding, 57.8 million fully diluted.

Anatolia trades on the Toronto Stock Exchange as ANO.

This news release may contain forward-looking statements in respect of various matters including upcoming work programs and events. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Anatolia disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Assays are performed by OMAC Laboratories, Ireland, and ALS-Chemex, Vancouver, BC, Canada, with quality control of sampling, preparation and assaying overseen by Anatolia, whose President, Richard C. Moores, is a "qualified person" for the purposes of applicable Canadian securities regulations.

NOTE: There are maps available on CCNMatthews' website at:

http://www2.ccnmatthews.com/database/fax/2000/ANO0711.pdf



Contact Information

  • Anatolia Minerals Development Limited
    Richard C. Moores
    President
    (303) 670-9945
    (303) 670-9947 (FAX)
    or
    Anatolia Minerals Development Limited
    Douglas Tobler
    Chief Financial Officer
    (303) 292-1299
    (303) 297-0538 (FAX)
    www.anatolia-minerals.com.