24febe9d-b6c2-46fd-8f7a-4e9ac5f58828.pdf
Alacer Corporate
P: 303-292-1299
F: 303-297-0538
9635 Maroon Circle, Suite 300
Englewood, Colorado 80112
www.AlacerGold.com
ALACER ANNOUNCES ÇŐPLER DISTRICT EXPLORATION RESULTS
December 9, 2015, Toronto: Alacer Gold Corp. ('Alacer' or the 'Company') [TSX: ASR and ASX: AQG] is pleased to announce drilling results from the Company's exploration program in Turkey. Drilling results are from several areas in the Çöpler District, including Yakuplu Southeast, Yakuplu East, Yakuplu North and Bayramdere.
Rod Antal, Alacer's President & Chief Executive Officer, stated, 'One of our key objectives is to increase the oxide gold production at Çöpler through exploration in the Çöpler District. We have been focused on exploration targets near the Çöpler Mine that will provide us with the best opportunity to utilize the existing processing infrastructure at Çöpler, including the excess capacity on the heap leach pad. This exploration update demonstrates that positive progress has been made during 2015 and the prospects that have captured our attention are shallow, oxide targets with favorable metallurgy and have the potential for rapid development. As such, the formal reporting of these exploration prospects as resources is a key deliverable for 2016.
The drilling results also indicate that there is potential for these prospects to be connected through a greater mineralized system, potentially leading to additional discoveries. Through the Company's disciplined and systematic approach to its exploration program, I am becoming more confident that we can realize this potential and secure further organic growth.'
EXPLORATION HIGHLIGHTS
Exploration drilling to date has successfully identified oxide mineralization with the potential to contribute to the Çöpler production profile. This mineralization has been identified in several prospects that can potentially be mined as a series of satellite open pits within 5km to 7km of the existing Çöpler Mine facilities. Preliminary metallurgical test work indicates that the mineralization style is similar to the Çöpler deposit and that any material mined can potentially be processed through the existing crushing and agglomeration circuit and stacked on the existing heap leach pad facility at the Çöpler Mine.
The Yakuplu Southeast prospect is on the 80% Alacer-owned (Anagold) area and is characterized by gold-copper- silver mineralization, mainly hosted within iron rich gossans and altered wallrocks developed along shallow dipping contacts between diorite, ophiolite and limestone lithologies. Most of the mineralization is oxidized and occurs from 0m to 50m of surface. As a result of current drilling, mineralization was found to extend over an area of 350m by 300m within a single near surface flat lying gossan, which was found to have grade continuity and varied in thickness from 2m to 16m. Metallurgical test work on Diamond drill cores has defined the mineralization as having similar cyanide leach recovery characteristics to Çöpler oxide ore and that this material is suitable for processing at Çöpler Mine.
The Yakuplu East prospect is on the 50% Alacer-owned (Kartaltepe) area and is a gold-copper prospect with mineralization occuring near surface in stacked iron rich gossans and associated oxidized host rocks. As with the Yakuplu Southeast prospect, the majority of mineralization occurs along the contacts of diorite, ophiolite and limestone lithologies with the highest grades in proximity to the diorite contacts. The majority of mineralization is within 50m of surface and the prospect currently has a 350m strike extent and is 150m wide across-strike. The mineralized gossans have very good spatial and grade continuity; however, metallurgical test work indicates slightly lower leach recoveries than Çöpler oxide ores.
The Yakuplu North prospect is a relatively new discovery and is located on the 50% Alacer-owned (Kartaltepe) area. The current understanding is there are multiple controls on mineralization with strong epithermal textures and associated structural overprints. Similar to the other Yakuplu prospects, there is gossan hosted mineralization occurring along ophiolite and limestone contacts, but significantly, the main body of mineralization appears to be associated with a subvertical shear zone. This domain is over 40m wide and potentially mineralized over 1,000m; however, work to date has identified high grade gold over a strike length of 250m. Metallurgical and geotechnical test work will be initiated as part of the progression of the prospect from exploration to resource development stage.
The Bayramdere prospect is on the 50% Alacer-owned (Kartaltepe) area and is an oxide gold and copper prospect. Mineralization at Bayramdere occurs within three overlapping, iron rich gossan horizons formed along the contacts of limestone and ophiolite units. Unlike Yakuplu East and Yakuplu Southeast, there is no obvious influence of diorites on mineralization in the stratigraphy. Gold grades are high, but are restricted to localized areas of gossan. The prospect mineralization is stratigraphically constrained with mineralization daylighting on the northern and western slopes of the prospect. Metallurgical test work completed on core reported better than Çöpler oxide ore cyanide leach recovery characteristics. Although a small prospect, Bayramdere is higher grade and can support a high strip ratio to access mineralization.
Bayramdere and the Yakuplu prospects are geologically connected, being adjacent to and on the southwestern side of a major northwest striking regional structure that appears to control the distribution of most mineralization on the eastern side of the Çöpler District tenements. A major component of the 2016 drilling program will focus on further testing this geologic model to potentially extend the model and discover new mineralization.
The main focus of the 2016 exploration program is to complete the work necessary to report National Instrument 43-101 - Standards of Disclsoure for Mineral Projects ('NI-43-101') and JORC compliant resources on the Yakuplu and Bayramdere prospects. The potential at Yakuplu East, Yakuplu Southeast, Yakuplu North and Bayramdere could provide new oxide material to extend Çöpler's oxide production.
DRILLING HIGHLIGHTS
Drilling from four areas in the Çöpler District (Yakuplu Southeast, Yakuplu East, Yakuplu North, and Bayramdere) in eastern Turkey has continued to define near-surface oxide mineralization. Key Çöpler District drill results from September 1, 2014 to November 18, 2015, reporting intervals of >5m @ >1.00g/t Au include:
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Drill results from the Yakuplu Southeast prospect:
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FYRC051: 6.0m @ 1.14g/t Au from 74.0m (sulfide) o FYRC055: 6.0m @ 8.53g/t Au from 8.0m (oxide) o FYRC057: 7.0m @ 4.43g/t Au from 5.0m (oxide) o FYRC061: 16.0m @ 2.09g/t Au from 8.0m (oxide) o FYRC073: 5.0m @ 1.10g/t Au from 46.0m (oxide) o FYRC079: 8.0m @ 2.84g/t Au from 22.0m (sulfide) o FYRC082: 8.0m @ 1.41g/t Au from 14.0m (oxide) o FYMT007: 6.0m @ 3.70g/t Au from 6.0m (oxide) o FYRC083: 8.0m @ 3.25g/t Au from 15.0m (oxide)
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FYRC087: 5.0m @ 1.41g/t Au from 53.0m (oxide) o FYRC090: 7.0m @ 1.35g/t Au from 19.0m (oxide) o FYRC094: 7.0m @ 1.01g/t Au from 1.0m (oxide) o FYRC096: 5.0m @ 1.87g/t Au from 10.0m (oxide) o FYRC110: 10.0m @ 1.53g/t Au from 67.0m (oxide) o FYRC121: 5.0m @ 1.10g/t Au from 19.0m (sulfide) o FYRC123: 7.0m @ 1.07g/t Au from 63.0m (oxide) o FYRC137: 11.0m @ 1.04g/t Au from 53.0m (oxide) o FYRC157: 8.0m @ 3.26g/t Au from 2.0m (oxide)
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Drill results from the Yakuplu East prospect:
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YEMT001: 21.3m @ 1.84g/t Au from 19.0m (oxide) o YEDD003: 12.9m @ 2.09g/t Au from 22.9m (oxide) o YEDD003: 5.1m @ 1.57g/t Au from 132.9m (oxide) o YEDD006: 5.3m @ 1.47g/t Au from 10.8m (oxide) o YEDD006 6.7m @ 1.38g/t Au from 28.5m (oxide) o YEDD008: 9.1m @ 1.12g/t Au from 8.4m (oxide) o YEDD008: 14.2m @ 1.48g/t Au from 23.8m (oxide) o YEDD011: 7.0m @ 1.06g/t Au from 36.0m (oxide) o YEDD014: 42.1m @ 1.14g/t Au from 7.0m (oxide) o YEDD015: 5.8m @ 1.04g/t Au from 4.4m (oxide) o YEDD016: 7.9m @ 1.66g/t Au from 1.3m (oxide) o YEDD017: 5.7m @ 1.43g/t Au from 94.3m (oxide) o YEDD019: 7.6m @ 1.33g/t Au from 31.2m (oxide) o YEDD020: 10.0m @ 1.19g/t Au from 13.5m (oxide) o YEDD021: 5.3m @ 1.32g/t Au from 10.2m (oxide) o YEDD022: 10.8m @ 1.84g/t Au from 2.5m (oxide) o YEDD024: 6.0m @ 1.06g/t Au from 8.5m (oxide) o YEDD025: 6.3m @ 1.08g/t Au from 23.5m (oxide) o YEDD026: 19.8m @ 1.30g/t Au from 13.2m (oxide) o YEDD028: 16.0m @ 1.01g/t Au from 5.0m (oxide) o YEDD029: 8.1m @ 1.67g/t Au from 12.4m (oxide) o YEDD033: 22.0m @ 1.61g/t Au from 5.0m (oxide) o YEDD034: 11.0m @ 3.35g/t Au from 15.0m (oxide) o YEDD035: 9.0m @ 1.63g/t Au from 9.0m (oxide) o YEDD036: 15.0m @ 1.69g/t Au from 12.0m (oxide) o YEDD039: 6.0m @ 1.14g/t Au from 19.0m (oxide) o YEDD041: 20.0m @ 2.35g/t Au from 5.0m (oxide) o YEDD045: 18.0m @ 3.28g/t Au from 13.0m (oxide) o YEDD048A: 7.0m @ 1.18g/t Au from 49.0m (oxide)
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YEDD051: 11.0m @ 1.65g/t Au from 0.0m (oxide) o YEDD053: 9.0m @ 1.02g/t Au from 0.0m (oxide) o YEDD054: 22.0m @ 1.77g/t Au from 0.0m (oxide) o YEDD055: 11.0m @ 1.42g/t Au from 6.0m (oxide) o YEDD061: 31.0m @ 1.14g/t Au from 7.0m (oxide) o YEDD071: 6.0m @ 1.12g/t Au from 0.0m (oxide) o YEDD074: 18.0m @ 2.12g/t Au from 8.0m (oxide) o YEDD080: 16.0m @ 1.11g/t Au from 5.0m (oxide) o YEDD091: 6.0m @ 1.12g/t Au from 8.0m (oxide) o YEDD094: 13.0m @ 1.36g/t Au from 0.0m (oxide) o YEDD113: 8.0m @ 4.38g/t Au from 0.0m (oxide) o YEDD136: 5.0m @ 1.07g/t Au from 67.0m (oxide) o YEDD144: 6.0m @ 1.58g/t Au from 0.0m (oxide)
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Drill results from the Yakuplu North prospect:
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YNRC010: 7.0m @ 2.59g/t Au from 118.0m (oxide)
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YNRC016: 5.0m @ 1.35g/t Au from 104.0m (oxide)
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YNRC018: 5.0m @ 3.64g/t Au from 109.0m (oxide + sulfide)
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YNRC020: 14.0m @ 1.28g/t Au from 125.0m (oxide) o YNRC020: 19.0m @ 2.16g/t Au from 152.0m (oxide) o YNRC021: 35.0m @ 3.54g/t Au from 125.0m (oxide) o YNRC022: 5.0m @ 1.02g/t Au from 0.0m (oxide) o YNRC022: 25.0m @ 6.00g/t Au from 139.0m (oxide) o YNRC023: 38.0m @ 1.35g/t Au from 100.0m (oxide) o YNRC030: 5.0m @ 1.11g/t Au from 59.0m (oxide) o YNRC031: 6.0m @ 2.03g/t Au from 41.0m (oxide) o YNRC032: 7.0m @ 8.24g/t Au from 8.0m (oxide) o YNRC033: 5.0m @ 1.05g/t Au from 58.0m (oxide) o YNRC034: 6.0m @ 1.00g/t Au from 79.0m (oxide) o YNRC043: 13.0m @ 6.20g/t Au from 2.0m (oxide) o YNDD001: 26.0m @ 2.24g/t Au from 117.1m (oxide)
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YNDD001: 26.0m @ 1.03g/t Au from 154.0m (oxide + sulfide) o YNDD001: 8.0m @ 1.01g/t Au from 208.0m (oxide + sulfide) o YNDD001: 7.0m @ 1.05g/t Au from 228.0m (oxide)
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Drill results from the Bayramdere prospect: