Alacer Gold Corp. (“Alacer” or the “Company”) [TSX: ASR and ASX: AQG] announces 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.”
Yakuplu North is the largest of four currently defined prospects within a 5 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.
Source: Alacer Gold
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