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Alacer Gold Corp.
Summary
| Project: | Ardich | |
|---|---|---|
| Deposit: | Ardich | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 2/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-2-2018: Alacer Gold Corp. announces an Exploration/Drilling Update report for its Ardich deposit at the Ardich project. Drilling results incl. 67.7m @ 4.08g/t Au from 53.3m. February 26, 2018, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mesut Soylu (Internal) | |
| ABSTRACT: | February 26, 2018, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [TSX: ASR and ASX: AQG] is pleased to announce additional positive drill results for the Ardich gold prospect (formerly known as Çakmaktepe Far North). All holes have intersected predominantly oxide mineralization with some impressive grades, including hole AR09 with 67.7m averaging 4.08 g/t gold. Mineralization remains open in all directions, with the new holes extending the known mineralized gold zone laterally to approximately 400m x 500m. All of the drilling is within the 80% Alacer owned and managed licenses. Rod Antal, Alacer’s President and Chief Executive Officer, stated, “Last year we announced an increase to our Çakmaktepe resource, a maiden reserve, and the plans to start mining at Çakmaktepe Central in the fourth quarter of 2018. This was a great start in achieving our strategy of adding oxide gold production from outside of the Çöpler Mine. The latest Ardich drill results provide us with a great deal of enthusiasm for the potential to add another oxide ore source in the future. These drill results are high quality and over a large mineralized area that remains open. The outlook for Ardich is very exciting.” Ardich is located approximately 6km northeast of the Çöpler Gold Mine which currently has an operating oxide ore heap leach operation and a soon to be completed pressure oxidation plant to treat the sulfidic gold ores (Figure 1). Metallurgical test work has commenced on composite Ardich ore types. Ardich is only 1.5km north of the Çakmaktepe deposit for which a haul road to Çöpler is under construction. Alacer will progress the exploration this year to better understand the mineralization with the goal of defining a Mineral Resource for Ardich and concurrently progressing the permitting process. | |
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