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Alacer Gold Corp.
Summary
| Project: | Ardich | |
|---|---|---|
| Deposit: | Ardich | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 4/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-4-2019: Alacer Gold Corp. announces a Resource Estimation report for its Ardich deposit at the Ardich project. Updated mineral resource estimate at the project. April 3, 2019, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [TSX: ASR and ASX: | |
| Resources: | (Resource, M+I): 13.243Mt @ 1.50g/t Au for 639Koz Au contained | |
| CP/QP: | [Resources]: Loren Ligocki, Stephen Statham (Internal) | |
| ABSTRACT: | April 3, 2019, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [TSX: ASR and ASX: AQG] is pleased to announce the addition of 345,000 contained gold ounces to the Indicated Ardich Mineral Resource located approximately 6 kilometers (km) northeast of the Çöpler Gold Mine. The updated Mineral Resource estimate consists of predominantly oxide ore, with some sulfide ore, totaling: Indicated Mineral Resource of 639,000 ounces of gold at an average grade of 1.50 Au g/t (13.2MT) Inferred Mineral Resource estimate of 96,000 ounces at an average grade of 1.16 Au g/t (2.6MT) Rod Antal, Alacer’s President and Chief Executive Officer, stated, “Given its potential and near-term development optionality, Ardich has become the highest priority development target in Alacer’s portfolio. The Resource continues to grow and remains highly prospective, with the potential to add near surface ounces to our production profile within the next two to three years. With the receipt of the permits, we plan to start step-out drilling next week to test the extent of the mineralization to continue to grow the resource.” The updated Mineral Resource demonstrates the deposit’s growth and continued upside potential. The Mineral Resource estimate is based on 100 diamond core drill holes with assays comple | |
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