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Alacer Gold Corp.

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Summary

Project:

Ardich

Deposit:Ardich
Location:Turkey
Commodities:Gold
Date:11/22/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:22-11-2019: Alacer Gold Corp. announces a Resource Estimation report for its Ardich deposit at the Ardich project. Amended report - updated mineral resource estimate. November 22, 2019, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [TSX: ASR
Resources:
CP/QP:[Resources]: Loren Ligocki (Internal)
ABSTRACT:November 22, 2019, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [TSX: ASR and ASX: AQG] is pleased to announce that the ongoing Ardich step-out drilling program confirms a significant extension of the mineralization. The interim Indicated Mineral Resource increased 28% to 816,600 contained gold ounces and the Inferred Mineral Resource increased by 519% to 593,900 contained gold ounces. Exploration has been focused on determining the extent of the viable mineralized target rather than infill drilling for resource conversion. Exploration continues and is being accelerated with 7 diamond drill rigs currently on site. The interim Mineral Resource extends approximately 1.4 km along a NW/SE strike, representing areas with enough drill density to define a resource. Surface mapping indicates the mineralized target could extend beyond 2 km. Ardich is located approximately 6 km northeast of the Çöpler Gold Mine. The updated Mineral Resource estimate consists of predominantly oxide ore, with some sulfide ore.

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