Alacer Gold Corp.

Published : March 31st, 2016

Alacer Gold Announces Further Exploration Results for The Çöpler District in Turkey

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Keywords :   Diamond | Gold Mine | Gold Production | Iron | Turkey |

Alacer Gold Announces Further Exploration Results for The Çöpler District in Turkey

7ed8fc90-09c9-4bc0-ad69-68d225b4252b.pdf

Alacer Corporate

P: 303-292-1299

F: 303-297-0538

9635 Maroon Circle, Suite 300 Englewood, Colorado 80112 www.AlacerGold.com


ALACER GOLD ANNOUNCES FURTHER EXPLORATION RESULTS FOR THE

ÇŐPLER DISTRICT IN TURKEY


March 31, 2016, Toronto: Alacer Gold Corp. ("Alacer" or the "Company") [TSX: ASR and ASX: AQG] is pleased to announce further drilling results from the Company's fourth quarter 2015 Çöpler District exploration program in Turkey. Drilling results are from an additional 5,063 meters of drilling at the Yakuplu North prospect approximately 5 km east of the Çöpler Mine. This is in addition to the drill results released on December 9, 20151 for Yakuplu Southeast, Yakuplu East, Yakuplu North and Bayramdere.


Rod Antal, Alacer's President & Chief Executive Officer, stated, "Our exploration efforts have been focused on identifying leachable oxide mineralization that is near our existing infrastructure at Çöpler. The positive results of the additional 5,000 meters of drilling at Yakuplu North are increasing the defined mineralization potential and will be the primary target in 2016. The 2016 drilling program has resumed with 9 drill rigs currently operating at Yakuplu North, supporting our objective of reporting a maiden resource on the broader Yakuplu and Bayramdere prospects later this year. The results of the systematic and focused exploration program in the Çöpler District are putting us in the position to potentially add oxide gold production from these prospects within the next two years."

EXECUTIVE SUMMARY

Yakuplu North is the largest of four currently defined prospects within a 5 km to 7 km proximity of the existing Çöpler Mine facilities. Initial results from exploration drilling at Yakuplu North were provided in a press release dated December 9, 2015. Further drilling conducted between November 19 to December 31, 2015 has defined additional oxide mineralization. Based on the results to date, the Yakuplu North prospect is being aggressively advanced through the resource development stage in 2016. The mineralization style is similar to the Çöpler Deposit and may be processed through the existing crushing and agglomeration circuit and stacked on the existing heap leach pad facility at Çöpler Mine.

DRILLING HIGHLIGHTS

Drilling from the Yakuplu North prospect in the Çöpler District in central eastern Turkey has continued to define near-surface leachable oxide mineralization. Key Yakuplu North drill results from November 19 to December 31, 2015, reporting intervals of >5m @ >1.00g/t Au include:


  • YNDD004:

  • YNRC047:

15.2m @ 1.00g/t Au from 9.0m @ 1.60g/t Au from

199.0m

71.0m

(oxide) (oxide)

  • YNRC047:

  • YNRC049:

14.0m @ 1.02g/t Au from 8.0m @ 1.05g/t Au from

112.0m

131.0m

(oxide) (oxide)

  • YNRC049:

  • YNRC050:

6.0m @ 1.03g/t Au from 5.0m @ 1.07g/t Au from

157.0m

144.0m

(oxide) (sulfide)

o YNRC051:

5.0m @ 1.50g/t Au from

99.0m

(oxide)

  • YNRC051:

  • YNRC051:

5.0m @ 2.24g/t Au from 6.0m @ 1.06g/t Au from

120.0m

153.0m

(oxide) (oxide)

  • YNRC051:

  • YNRC054:

5.0m @ 1.05g/t Au from 45.0m @ 1.81g/t Au from

190.0m

158.0m

(oxide)

(oxide + sulfide)

o YNRC055:

9.0m @ 1.18g/t Au from

72.0m

(oxide)

1 See Alacer announcement "Alacer Announces Çöpler District Exploration Results", dated December 9, 2015 on the Company's website at www.alacergold.com, on SEDAR at www.sedar.com, or on the ASX at www.asx.com.au.


Yakuplu North drilling results continued:


o YNRC055: o YNRC058: o YNRC059:

9.0m @ 2.72g/t Au from 9.0m @ 7.74g/t Au from 9.0m @ 1.05g/t Au from

90.0m

153.0m

13.0m

(oxide) (oxide) (oxide)

o YNRC059:

5.0m @ 20.25g/t Au from

130.0m

(oxide)

  • YNRC060:

  • YNRC062:

11.0m @ 1.05g/t Au from 9.0m @ 1.06g/t Au from

0.0m

35.0m

(oxide) (oxide)

  • YNRC064:

  • YNRC064:

16.0m @ 1.02g/t Au from 11.0m @ 1.00g/t Au from

89.0m

138.0m

(oxide) (oxide)

o YNRC064:

12.0m @ 1.77g/t Au from

200.0m

(oxide)

  • YNRCD020:

  • YNRCD021:

20.0m @ 1.02g/t Au from 19.0m @ 7.88g/t Au from

198.5m

159.0m

(oxide) (oxide)

  • YNRCD021:

  • YNRCD022:

7.0m @ 1.07g/t Au from 20.4m @ 1.37g/t Au from

221.0m

161.0m

(oxide) (oxide)

  • YNRCD023:

  • YNRCD045:

5.0m @ 1.09g/t Au from 6.8m @ 1.01g/t Au from

164.0m

222.8m

(oxide) (oxide)


To view the complete drill assay results and further technical information relating to this news release, please visit the following link: http://www.alacergold.com/docs/default-source/press-releases/appendix-to-exploration- announcementfbc2d96bd1286d1694b8ff0000b8a5bc.pdf?sfvrsn=4 or visit the Company's website at www.alacergold.com.


ÇÖPLER DISTRICT EXPLORATION RESULTS

Alacer's exploration licenses surrounding the Çöpler Gold Mine span across a 17 km by 25 km area. The exploration licenses are managed under two separate joint ventures ("JV"). Alacer owns 80% of the licenses adjacent to Çöpler Mine under the Anagold Madencilik Sanayi ve Ticaret A.S. ("Anagold") JV and 50% of the remaining licenses in the Çöpler District under the Kartaltepe JV, both in partnership with Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya Mining").


Çöpler District Prospects & Tenements


ÇÖPLER DISTRICT 50/50% (KARTALTEPE) EXPLORATION RESULTS

Yakuplu North


Yakuplu North is a 2015 discovery that was identified from rock chip and soil sampling in early 2014. A drilling program commenced in June 2015 to define mineralized gossan on a 50m x 40m spacing over a potential strike length of 700m. To date, a total of 12,383 meters of reverse circulation ("RC") and Diamond core drilling has been completed from 67 holes. The December 9, 2015 release disclosed the results from the first 7,320 meters of drilling from 36 holes.


Results presented in this release are from the ensuing 5,063 meters of RC drilling and Diamond core drilling from 31 holes completed between November 19 and December 31, 2015.


There are multiple controls on mineralization with strong epithermal textures and associated structural overprints. As with the other Yakuplu prospects and Bayramdere, there is gossan hosted mineralization occurring along ophiolite and limestone contacts; however significantly, the main body of mineralization is associated with a subvertical shear zone of over 40m width and a potential mineralized extent of over a kilometer.


To date, high grade gold and negligible copper has been defined over a strike length of 700m. The mineralization is contained within shear hosted jasperoid and iron rich gossan. An aggressive development drilling program has begun to further test and extend the mineralized zone up and down dip, as well as along strike, and also to complete geotechnical, metallurgical and hydrogeological holes. Having defined a core high grade area, particular focus is being placed on closing the drill spacing in this area from 50m x 40m to 25m x 20m to a depth of 200m below surface for National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI-43-101") compliant resource estimation in 2016.


Drilling in the latter half of 2016 will also step southward along strike of the Yakuplu North prospect to test whether shear hosted mineralization at the Yakuplu Main prospect can be connected to the Yakuplu North prospect. The Yakuplu Main prospect hosts the historic Yakuplu Main open pit where iron rich gossan was previously mined. Residual Yakuplu Main gossan stockpiles report gold values of >1.0g/t Au.


The Yakuplu North prospect plan and an example section with significant assays follows.



Yakuplu North Prospect Plan - showing location of key drilling results from November 19, 2015 to December 31, 2015. Yellow outline defines >0.3g/t Au distribution projected to surface. Purple outline defines >1.0g/t Au distribution projected to surface.

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Alacer Gold Corp.

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CODE : ASR.TO
ISIN : CA0329001022
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Alacer Gold is a gold producing company based in United states of america.

Alacer Gold produces gold, copper and silver in Australia and in Turkey, and holds various exploration projects in Australia and in Turkey.

Its main assets in production are HIGGINSVILLE - CHALICE, SOUTH KALGOORLIE GOLD MINE, HIGGINSVILLE - TRIDENT, HIGGINSVILLE - FAIRPLAY, HIGGINSVILLE - PALAEOCHANNELS and TRIDENT GOLD MINE in Australia and ÇÖPLER GOLD PROJECT in Turkey and its main exploration properties are KARAGOZ, BURSA EAST, TORUL, BAYBURT, IKIZTEPE - SARP, KEN-FOL, ARTVIN, KARAKARTAL, CEVIZLIDERE and YENIPAZAR in Turkey, MT FISHER in Canada and REDHILL, MT ZEPHYR and MUNGARI in Australia.

Alacer Gold is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.9 millions as of today (US$ 5.5 millions, € 3.8 millions).

Its stock quote reached its lowest recent point on September 14, 2009 at CA$ 0.02, and its highest recent level on October 21, 2011 at CA$ 9.99.

Alacer Gold has 292 850 016 shares outstanding.

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