The Kuru Tegerek South Deposit measured and indicated resource has been estimated as 9.2 million tonnes with average grades of 1.53 grams/tonne gold and 0.53 percent copper, yielding 460 thousand ounces of gold and 108 million pounds of copper as reported by Behre Dolbear and Company, Inc. in an independent NI 43-101 technical report (see technical report filed on SEDAR). This resource is based upon a 0.5 gram/tonne gold equivalent cutoff assuming metal prices of US$ 369/ounce gold and US$ 1.09/pound copper, and metal recoveries of 79% gold and 73% copper. The NI 43-101 report includes a recommendation by Behre Dolbear that the Kuru Tegerek project be advanced to the pre-feasibility stage. Optimization of gold-copper extraction and processing capital and operating costs will be a key component for project advancement. The Kuru Tegerek property represents a substantial asset, and the Company will continue its technical evaluation of the project during 2005 with the goal of optimizing project economics.
Mr. Dean Turner, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, has reviewed and verified the technical mining information contained in this news release.
For further information contact:
David M. Cole Kim C. Casswell
President and Chief Executive Officer Corporate Secretary
Phone: (303) 979-6666 Phone: (604) 688-6390
Email: firstname.lastname@example.org Email: email@example.com
Kim C. Casswell
Phone: (604) 688-6390
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Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Eurasian Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.