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Alacer Gold Corp.
Summary
| Project: | Copler | |
|---|---|---|
| Deposit: | Copler Sulphide | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 12/28/2014 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-12-2014: Alacer Gold Corp. announces an EIA/ESIA report for its Copler Sulphide deposit at the Copler project. EIA approval for Copler Sulphide project at the Copler Mine. December 28, 2014, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | December 28, 2014, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [TSX: ASR and ASX: AQG] is pleased to announce that it has received approval of the Environmental Impact Assessment (“EIA”) for the Çöpler Sulfide Project from the Ministry of Environment and Urbanization of Turkey. The approval is the next step in the expansion of the Çöpler Gold Mine to increase its life-of-mine production to 3.2 million ounces of gold over the next 20 years. Rod Antal, Alacer’s Chief Executive Officer, commented, “The approval of the EIA represents a significant positive milestone for Çöpler and the Sulfide Project and demonstrates the ongoing support from the Turkish Ministry of Environment and Urbanization for Çöpler and the Project. The EIA approval is further evidence that the Sulfide Project is fully on track and we can now begin the process of securing the necessary land use permits. In parallel with the land use permitting process, we continue to advance basic engineering and de-risking efforts. With no debt and a growing cash balance of $320 million, Çöpler’s high-margin production provides the platform to deliver on our strategy of becoming a sustainable mining operation with a focus on Turkey.” | |
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