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Alacer Gold Corp.
Summary
| Project: | Ardich | |
|---|---|---|
| Deposit: | Ardich | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 7/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-7-2018: Alacer Gold Corp. announces an Exploration/Drilling Update report for its Ardich deposit at the Ardich project. Drilling results incl. 50.2m @ 3.01g/t Au from 43.4m. July 25, 2018, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [TSX | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mesut Soylu (Internal) | |
| ABSTRACT: | July 25, 2018, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [TSX: ASR and ASX: AQG] is pleased to announce additional positive drill results for the Ardiç (Ardich) gold prospect. In addition to the previously reported 18 holes1 , a further 25 drill holes have been completed with a majority intersecting predominantly oxide mineralization with impressive gold grades. Key results include holes AR41 with 50.2m averaging 3.01 g/t gold from 43.4m depth (including subinterval of 7.9m @ 8.81 g/t gold) and hole AR31 with 68.6m averaging 2.21 g/t Au from 36m depth (including 17m @ 5.5 g/t Au). Mineralization remains open in all directions, with the new drill hole results improving the known mineralized zone to the west, east and south. Importantly, the latest drilling confirmed that mineralization stepped across a southeastern fault. Initial metallurgical results indicate the oxide ores are suitable for heap leaching. The objective of the Ardich exploration program for this year is to better understand the extent of mineralization and to define an initial Mineral Resource. In parallel, work has started on the permitting process and a scoping study to examine options to materially expand our heap leach capacity The Ardich gold prospect is situated primarily on the 80% Alacer-owned (Anagold) tenement. Alacer’s geological-structural mapping and surface rock sampling defined gold mineralized listwanite bodies in an 800m x 600m target area within a northwest-southeast structural zone. Subsequent mapping has identified the potential for the system to extend approximately 2km to the southeast. | |
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