For thousands of other reports visit RSC's Mineral Intellingence Map
Alacer Gold Corp.
Summary
| Project: | Ardich | |
|---|---|---|
| Deposit: | Ardich | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 11/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-11-2018: Alacer Gold Corp. announces an Exploration/Drilling Update report for its Ardich deposit at the Ardich project. Drilling results incl. 57.7m @ 3.84g/t Au from 121.3m. TORONTO, Nov. 08, 2018 -- Alacer Gold Corp. (“Alacer” or the “Corporation”) [ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mesut Soylu (Internal) | |
| ABSTRACT: | TORONTO, Nov. 08, 2018 -- 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. In addition to the previously announced 43 diamond core drill holes1 , a further 20 diamond core drill holes are being reported, with a majority intersecting predominantly oxide gold mineralization including holes Based on the 63 diamond core drill holes totaling 9,984.9m, gold mineralization is open in all directions and the new holes defined additional extension of the mineralization to the north and east of the known mineralized zone. Drilling to date has been primarily on 80% Alacer owned licenses (all holes except the end of two holes, AR27 and AR33). Alacer is in the process of preparing an interim resource estimate which will be released in late 2018. This interim resource will be based on the data from the first 55 diamond core drill holes only due to the timing of the resource report preparation, and thus will only represent a portion of the expected final Ardich resource. 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 is better understood, a more comprehensive infill drilling program will be started with the aim of defining an expanded resource and a reserve estimate. While drilling continues at Ardich (currently drilling hole AR91), additional Forestry permits are required to begin further step-out drilling into the most prospective areas to the southeast. Concurrently, work has started on the permitting process as well as metallurgical testing, with the initial results indicating the oxide ores are suitable for processing via heap leaching. A recent scoping study to determine the optimal pathway for the expansion of the heap leach oxide processing capacity in the Çöpler District identified various options (at both Ardich and Çöpler) for standalone facilities and heap leach pads of varying size (some >50Mt), along with a low cost incremental expansion option at Çöpler (~20Mt of additional heap leach capacity at a cost of ~$15M). These options provide pathways to both accelerated low-cost, near-term development of Ardich or other Çöpler District prospects, as well as options for a new separate mine development should the Ardich deposit grow to the full extent of the mineralized target. A feasibility study will be completed in 2019 for the ~20Mt incremental expansion of the Çöpler heap leach pad. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report