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Alacer Gold Corp.
Summary
| Project: | Ardich | |
|---|---|---|
| Deposit: | Ardich | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 8/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2019: Alacer Gold Corp. announces an Exploration/Drilling Update report for its Ardich deposit at the Ardich project. Drilling results incl. 29.0m @ 4.81g/t Au from 113.7m. August 26, 2019, Toronto: Alacer Gold Corp. (“Alacer” or the “Company”) [TSX: | |
| Resources: | (Resource): 639Koz Au (Ind.) and 96Koz Au (Inf.) at Ardich | |
| CP/QP: | [Overall Report]: Mesut Soylu (Internal) | |
| ABSTRACT: | August 26, 2019, Toronto: Alacer Gold Corp. (“Alacer” or the “Company”) [TSX: ASR and ASX: AQG] is pleased to announce additional positive results from the diamond drilling program for the Ardich Gold Project (the “Ardich Project” or “Ardich”). In April 2019, Alacer announced a maiden Indicated and Inferred Mineral Resource of 639koz and 96koz from the first 100 diamond core drill holes at Ardich1 . An additional 34 holes are reported in this release, extending the mineralized strike length to over 1,200m. The new holes are located to the west, east and southeast of the previously reported Ardich resource area. The majority of the new drill holes intersected predominantly oxide gold mineralization, many with impressive grades. Rod Antal, Alacer’s President and Chief Executive Officer, stated, “This is another exciting set of drill results for Ardich and more than doubles the mineralized strike length. We are continuing the step-out drilling program and expect that the mineralization will continue and become shallower to the southeast. Concurrently, our development team is working on the study and permitting requirements to allow us to accelerate access to a starter pit. The objective is to fast track Ardich, leveraging off the existing infrastructure, and provide options to sustain the oxide ore production from the Çöpler District. Ardich has the potential to become a significant component of the Alacer growth story and is our highest priority development project.” Alacer is in the process of preparing an interim resource update which is expected to be released in late 2019. The objective of the ongoing exploration program is to first define, by step-out drilling, the extent of the mineralization. Once the mineralized system dimensions and geology are better understood, a more comprehensive infill drilling program will be started with the aim of defining an expanded resource and a reserve estimate. | |
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