Alacer Gold drills 57.7 m of 3.84 g/t Au at Ardich
ALACER GOLD Corp. has provided additional positive drill results for the Ardich gold prospect. In addition to the previously announced 43 diamond core drill holes, a further 20 diamond core drill holes are being reported, with a majority intersecting predominantly oxide gold mineralization including holes:
• AR54 with 61.4 metres averaging 2.22 grams per tonne gold from five-metre depth;
• AR52 with 57.7 m averaging 3.84 g/t gold from 121.3 m depth.
Based on the 63 diamond core drill holes totalling 9,984.9 m, 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-per-cent-Alacer-owned licences (all holes except the end of two holes, AR27 and AR33).
• AR52: 57.7 m at 3.84 g/t Au from 121.3 m, including: 10.2 m at 5.75 g/t Au from 121.3 m and 11.9 m at 6.4 g/t Au from 135.6 m and five m at 5.15 g/t Au from 153.5 m and 5.1 m at 6.42 g/t Au from 166.1 m;
• AR53: 48.5 m at 2.69 g/t Au from 49.6 m, including: six m at 5.04 g/t Au from 59.6 m and six m at 7.06 g/t Au from 78.6 m;
• AR54: 61.4 m at 2.22 g/t Au from five m, including: 6.8 m at 7.14 g/t Au from 36.8 m and 6.4 m at 7.75 g/t Au from 49 m;
• AR55: 42.5 m at 2.55 g/t Au from 31.1 m, including: 3.5 m at 6.8 g/t Au from 44.3 m and 3.5 m at 5.67 g/t Au from 55.8 m and four m at 7.64 g/t Au from 63.3 m;
• AR58: 61.4 m at 2.04 g/t Au from 23.9 m, including: two m at 6.17 g/t Au from 50.7 m and six m at 7.09 g/t Au from 70.3 m;
• AR61: 100.6 m at 1.35 g/t Au from eight m, including: 10 m at 3.01 g/t Au from 82.1 m and 3.2 m at 5.01 g/t Au from 100.1 m;
• AR62: 64.2 m at 2 g/t Au from 19.8 m, including: 12 m at 5.21 g/t Au from 45.3 m.
Alacer is in the process of preparing an interim resource estimate which will be released in late 2018. 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 stepout 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 feasibility study will be completed in 2019 for the about 20-million-tonne incremental expansion of the Copler heap leach pad.
We seek Safe Harbor.
Erika Flores condensed this news release (firstname.lastname@example.org).
Rodney P Antal, Thomas R Jr Bates, Edward Camp Jr Dowling, Richard P Graff, Anna Kolonchina, Alan Krusi
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