Anatolia Minerals Development Ltd fka ANO.U

[Ed Monton]

And more news today:

Drilling at Rio Tinto/Anatolia's Tunceli JV

Drilling begins at the Kizilviran copper/gold porphyry prospect within
the Tunceli JV area. Disseminated and stockwork chalcocite intersected.

TORONTO, June 24 /CNW/ - The first of 2 holes has been initiated at the
Kizilviran copper/gold porphyry prospect within the Tunceli area being jointly
explored by Anatolia Minerals Development Limited ('Anatolia') and Rio Tinto
Mining & Exploration Limited ('Rio Tinto'). The Kizilviran prospect contains
several square kilometers of porphyry-style alteration, with widespread copper
and gold mineralization (up to 3.7% copper and +1 gram gold per tonne) and
large, strong, geophysical anomalies. Secondary chalcocite has been observed
in outcrop over a wide area below a leached cap in stream bottoms and road
cuts, indicating the presence of a copper-enriched chalcocite blanket.
The first diamond core drill hole was collared in leached cap on June 18.
Disseminated and stockwork chalcocite, covellite, bornite, chalcopyrite and
pyrite were intersected at 13.5 meters. Enriched copper mineralization
continued to 68.5 meters, where the hole stepped across a fault into primary
copper mineralization. Primary mineralization, mainly disseminated and veinlet
chalcopyrite, pyrite and molybdenite, seems to be intensifying down to the
current 162 meter depth. Target depth is 300 meters, to test a high
chargeability zone (I.P. survey) underlying the leached, phyllic-zone cap.
Following completion of the first 2 scout holes at Kizilviran, the drill
rig will be moved 20 kilometers southeast to drill 2 scout holes at the Sin
copper/gold porphyry prospect, also within the Tunceli JV area. Additional
prospective areas between Sin and Kizilviran are still in the initial stages
of exploration. Initial assays from Kizilviran should be available in 5 to 6
weeks.
"This is a very exciting, copper-gold porphyry prospect, with all the
earmarks of a large, good grade copper-gold deposit," according to Richard
Moores, Anatolia's President. "Geochemical sampling shows a kilometers-square
copper anomaly, with very encouraging gold values, all within an envelope of
porphyry-style alteration. Our first hole is cutting very good looking copper
mineralization and we look forward to our assays. If the deposit is as good as
it seems, it could be easily developed, with necessary infrastructure
available on site or near by."
In April, 2000, Anatolia and Rio Tinto Mining and Exploration formed a 4-
year strategic alliance to seek base and precious metal deposits in Turkey. To
date, Rio Tinto has funded over US$8 million for JV exploration, with
additional funding in 2003. Rio Tinto is currently earning into three
prospects in Turkey, each requiring expenditure of US$10.5 million and payment
of US$1.5 million for a 65% interest. Anatolia is teamed with one of the
premiere mining companies in the world, enabling it to explore and advance its
portfolio of exciting projects. Assays are performed by OMAC Laboratories,
Ireland, with quality control of sampling, preparation and assaying overseen
jointly by Rio Tinto and Anatolia whose President, Richard C. Moores, is a
"qualified person" for the purposes of applicable Canadian securities
regulations.
Anatolia has 30.9 million shares issued and outstanding, 38.6 million
fully diluted.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Anatolia trades
on the TSX Venture Exchange as ANO.U, and Rio Tinto plc trades on the London
and Australian Stock Exchanges as RIO and on the New York Stock Exchange as
RTP.

To view map please see: http://files.newswire.ca/270/Map0624.pdf





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For further information: Richard C. Moores, President,
[phone]/9947 (fax), or George Duggan, Investor Relations,
[phone]/249-7024 (fax), or visit www.anatolia-minerals.com
ANATOLIA MINERALS DEVELOPMENT LIMITED has 12 releases in this database.