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Alacer Gold Corp.
Summary
| Project: | Copler | |
|---|---|---|
| Deposit: | Cakmaktepe | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 12/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-12-2016: Alacer Gold Corp. announces a Resource Estimation report for its Cakmaktepe deposit at the Copler project. Mineral resource estimate + new drill results incl. 30m @ 3.56g/t Au. TORONTO, Dec. 19, 2016 (GLOBE NEWSWIRE) -- Alacer Gold Corp. (“Ala | |
| Resources: | (Resource, Ind.): 2.422Mt @ 1.80g/t Au, 11.53g/t Ag at Copler Near-Mine deposits | |
| CP/QP: | [Resources]: Sergei Smolonogov (Internal) | |
| ABSTRACT: | TORONTO, Dec. 19, 2016 (GLOBE NEWSWIRE) -- Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) (ASX:AQG) is pleased to announce a maiden Mineral Resource estimate for the Çakmaktepe near-mine deposits located in the Çöpler District. Alacer also announces additional drilling results for the Çakmaktepe North and Çakmaktepe Central deposits. Çakmaktepe Central was formerly considered a part of the Çakmaktepe North deposit, but is now recognized as a separate new mineralized zone. “The initial Mineral Resource estimate is a positive first step in an effort to progressively demonstrate the oxide potential from the Çöpler District and extending oxide gold production at Çöpler,” said Rod Antal, Alacer’s President and Chief Executive Officer. “The Mineral Resource remains open, and with our geological knowledge of the mineralized system at Çakmaktepe continuing to evolve, we believe significant potential exists in this area. The latest 2016 drilling produced some truly exciting results in Çakmaktepe Central near surface and will likely improve the maiden Mineral Resource. Based on the positive 2016 results, we are in the process of defining the exploration program for 2017 with the objective of rapidly developing these areas to have oxide ore ready to supplement the Çöpler Mine in 2018.” | |
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