Anatolia Minerals Development Limited

Anatolia Minerals Development Limited

March 13, 2007 09:43 ET

Rio Tinto Targets 2 New Areas for Potential Earn-In; Anatolia Regains Balance of Bursa Porphyry Play

Anatolia Minerals to expand its porphyry copper program in western Turkey to include highly prospective returned acreage.

TORONTO, ONTARIO--(CCNMatthews - March 13, 2007) - Anatolia Minerals Development Limited ("Anatolia" or the "Company") is pleased to report agreement with Rio Tinto Mining & Exploration Limited (Rio Tinto) establishing 2 new joint exploration areas. Following a 1-year review, the 2 areas could progress to become 'Chosen' properties, subject to the standard terms by which Rio Tinto could earn an interest in one or both of the prospects.

Separately, Rio Tinto notified Anatolia of their intent to withdraw from the balance of the Bursa Project in western Turkey, where joint exploration has proceeded over the past several years. During this period, several porphyry copper-molybdenum-gold targets were discovered, some of which received preliminary drill-testing. Drill results include a number of encouraging intercepts, previously reported. Anatolia has planned an aggressive exploration program for a portion of the prospect that was previously returned, but will now expand the program to encompass the entire, highly prospective project area.

Anatolia now has joint exploration agreements with Rio Tinto and other joint venture partners covering 8 projects throughout Turkey. Anatolia is also exploring more than a dozen additional wholly-owned prospects in Turkey and is developing its wholly-owned 6.4 million-ounce Copler Gold deposit in eastern Turkey.

Anatolia currently has 78.6 million common shares issued and outstanding, 85.7 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.

Contact Information

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