Alacer Gold drills 57.7 m of 3.84 g/t Au at Ardich

Stockwatch Daily - - MINES & METALS - An anony­mous di­rec­tor re­ports

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).

Drill high­lights:

• 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 (erikaf@stock­watch.com).

Rod­ney P An­tal, Thomas R Jr Bates, Ed­ward Camp Jr Dowl­ing, Richard P Graff, Anna Kolonchina, Alan Krusi

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