Company News Summary
Alacer Gold Corp Provides Exploration Update
Original announcement: Exploration Update Highlighted by Northern Extensio
Alacer Gold Corp announced results from the recent exploration programs in Turkey and Australia. The highlights and details indicate significant potential for growth at Copler, particularly in the Main Zone, as well as important results in Australia at Chalice, Trident and SBS28. In the previously untested old Copler Village area, initial drilling has intersected thick gold mineralisation in all holes. Mineralisation remains open to the north over a strike length of 500m in this area of the Main Zone. Results include 167.5m @ 1.9g/t Au and 91.7m @ 1.6g/t Au. Infill drilling within the Main Zone continues to confirm the thickness of gold mineralisation, with several holes intercepting significantly higher grades than currently modelled. Results include 81.2m @ 4.4g/t Au. Work is in progress to finalise a new Copler resource estimate during Q3 2012.
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