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Alacer Gold Corp.

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Summary

Project:

Copler

Deposit:Cakmaktepe
Location:Turkey
Commodities:Gold
Date:12/18/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:18-12-2017: Alacer Gold Corp. announces a Resource Estimation report for its Cakmaktepe deposit at the Copler project. Resource + reserve update + drill results incl. 84.90m @ 1.79g/t Au from 13.20m. TORONTO, Dec. 18, 2017 -- Alacer Gold Corp. (“Alacer” o
Resources:(Reserve, Prob.): 2.527Mt @ 2.16g/t Au, 14.20g/t Ag for 176koz Au, 111koz Ag at Cakmektepe
CP/QP:[Resources]: Loren Ligocki (Internal)
ABSTRACT:TORONTO, Dec. 18, 2017 -- Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) (ASX:AQG) is pleased to announce a maiden Mineral Reserve and a 70% increase in the Measured and Indicated Mineral Resource1 for the Çakmaktepe near-mine deposits located in the Çöpler District. Alacer also announces initial exploration drilling results of the Çakmaktepe Far North exploration prospect. Çakmaktepe is adjacent to the Çöpler Mine which has approximately four million tonnes of spare capacity in the heap leach facility which will be used to treat oxide ore from Çakmaktepe. Rod Antal, Alacer’s President and Chief Executive Officer, stated, “This is exciting growth. Our target has always been to bring Çakmaktepe online in 2018 and with mining planned to commence in Çakmaktepe next year, we will meet this objective. With this development, we now have an additional oxide ore source that will utilize the existing Çöpler oxide infrastructure. Turning this exploration potential into profitable production in a relatively short time frame is a significant achievement by the team. Additionally, we recently completed five initial drill holes at Çakmaktepe Far North and are already seeing excellent potential with the assays revealing mineralization and good grade continuity. With many areas remaining open across Çakmaktepe, our targeted exploration program will continue into 2018 with a view to build on our results to date.”

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