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Alacer Gold Corp.
Summary
| Project: | Copler | |
|---|---|---|
| Deposit: | Cakmaktepe North | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 7/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-7-2016: Alacer Gold Corp. announces an Exploration/Drilling Update report for its Cakmaktepe North deposit at the Copler project. Drilling results incl. 75.0m @ 2.34g/t Au from 70.5m. TORONTO, July 21, 2016 (GLOBE NEWSWIRE) -- Alacer Gold Corp. (“Alace | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James Francis (Internal) | |
| ABSTRACT: | TORONTO, July 21, 2016 (GLOBE NEWSWIRE) -- Alacer Gold Corp. (“Alacer” or the “Company”) (TSX:ASR) (ASX:AQG) is pleased to announce drilling results through May 31, 2016 from the Company’s 2016 Çöpler District exploration program in Turkey. Drilling results are from an additional 17,361 meters of drilling at the Çakmaktepe North prospect (formerly known as Yakuplu North) approximately 5 km east of the Çöpler Mine. These results are in addition to drill results released on December 9, 20151 and March 31, 20161 . Rod Antal, Alacer’s President & Chief Executive Officer, stated, “We’ve taken a disciplined approach to our exploration program and have focused on the discovery of satellite leachable oxide mineralization that has the potential to provide supplemental feed to the existing Çöpler heap leach pad. This latest round of Çakmaktepe North drill results represent a significant step forward in progressing this objective and the results continue to confirm the potential to add oxide production within the next two years at Çöpler. The 2016 program includes infill drilling with the aim to validate data to support the resource estimation for a maiden resource later this year. With the mineralization at Çakmaktepe North still open in all directions, the maiden resource will only include the drilling for a portion of the mineralization. We have drilled over 30,000 meters at Çakmaktepe North and still have nine drill rigs on site to progress this highly promising exploration prospect. In expectation of advancing this prospect, the permitting process is underway.” | |
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