Atalaya Mining Regulatory News (ATYM)

1 Feb 2006 07:00

Eastern Mediterranean Res. Pblc LD01 February 2006 AIM: EMED1st February 2006 ZLATINIKY GOLD ANOMALY IDENTIFIED Eastern Mediterranean Resources Public Limited ("EMED") announces that assaysfrom stream sediment sampling at the Company's 100%-owned Zlatniky prospect hasidentified the Stara Hora area as being highly anomalous in gold. The Zlatniky licence area is located in western Slovakia and the explorationobjective is to discover the bedrock source of gold mined historically frompaleo-placers. Assays have now been received from a first-pass surface geochemical survey overthree areas within the potential provenance of the alluvial gold. These areasall contain indications of gold mineralisation recorded by previous explorers.EMED's survey collected 129 stream sediment samples, 60 rock chip samples and 23soil samples. Hydrothermal quartz-vein float is widespread in the drainages of the northernhalf of the licence area. This quartz is often sulphidic, sometimes anomalousin gold, base metals and other indicator elements. Assays from EMED's stream sediment sampling have: • Highlighted the Stara Hora area as highly anomalous in gold with two adjacent streams containing sediments assaying 226 ppb gold and 183 ppb gold. A rock float sample of vein quartz from a third adjacent stream assayed 3.9 g/t gold. • Generated an extensive (1.5km by 0.5km) coincident arsenic, copper, lead and silver anomaly from drainages in the Tri Buky area. Follow-up soil and rock-chip sampling is planned for spring 2006 with theobjective of establishing early targets for trenching and drilling. -Ends- Enquiries Eastern Mediterranean Resources Nabarro Wells Parkgreen Communications Harry Anagnostaras-Adams Nigel Atkinson / Justine Howarth / David Nabarro Ana Ribeiro +357 9945 7843 +44 (0) 20 7710 7400 +44 (0) 20 7493 3713 www.emed-resources.com www.emed.tv References in this announcement to exploration results and potential have beenapproved for release by Mr Ron Cunneen, an employee of the Company, who has morethan 5 years relevant experience in the field of activity concerned and hasconsented to the inclusion of the material in the form and context in which itappears. About Eastern Mediterranean Resources Public Limited EMED listed on AIM in May 2005 following an initial public offering of itsshares. The Company is headquartered in Cyprus and has a strong commitment tothe region. The Group's region of interest is the Mesozoic to Tertiary age tectonic beltthat winds from Eastern Europe to Iran. This belt extends for over 3,000km.The strategy is to rapidly to evaluate exploration opportunities in severaljurisdictions throughout a quality mineral belt with a high rate of projectturnover. EMED has now established a strong position in the following three areas withinits area of interest: • Cyprus exploration is centred on the Troodos ophiolite complex. The targeted mineralisation style is volcanic-hosted massive sulphide copper deposits under shallow cover, similar to the larger Cyprus copper mines - three of which exceeded 10 million tonnes of ore, at grades between 1% and 4.5%. • Eastern Europe exploration areas are centred on a cluster of volcanic centres in Slovakia and Hungary. Low-detection geochemical methods are being applied to these areas for the first time. The targeted mineralisation styles are high-grade epithermal gold, or bulk-mineable epithermal gold and porphyry copper-gold. • Caucasus exploration areas and options over additional prospects forming a cluster of gold prospects in and around Georgia. Main prospect is Zophkito with resources (Russian classification) of 2 million ounces of gold. For further information on the Company's activities, visitwww.emed-resources.com or www.emed.tv This information is provided by RNS The company news service from the London Stock Exchange