Alacer's Exploration Update Highlighted by Northern Extension to Çöpler Main Zone

TORONTO, July 31, 2012 /CNW/ - Alacer Gold Corp. ("Alacer") [TSX:ASR, ASX:AQG] announces results from the recent exploration programs in Turkey and Australia.The highlights and details given below indicate significant potential for growth at Çöpler, particularly in the Main Zone, as well as important results in Australia at Chalice, Trident and SBS28. To view the complete drill assay results, maps and sections relating to this news release, please visit the following link: http://files.newswire.ca/270/alacergold.pdf

Highlights - Exploration in Turkey

  • Çöpler's Main Zone continues to be extended:
    • In the previously untested old Çöpler Village area, initial drilling has intersected thick gold mineralization in all holes. Mineralization remains open to the north over a strike length of 500m in this area of the Main Zone.  Results include 167.5m at 1.9g/t gold from 114.2m in CDD355A and 91.7m at 1.6g/t gold from 59.5m in CDD364.
    • High-grade mineralization within the current sulfide pit boundary but outside the current resource has been intersected in several holes.  Results include 24.3m at 12.6g/t gold from 107.8m in CDD357.
    • Extensive gold mineralization continues to be intersected below the current sulfide pit boundary and outside the current Main Zone resource. Results include:
      • 64.5m at 2.0g/t gold from 67.6m in CDD374;
      • 32.7m at 1.3g/t gold from 160.5m and 39.3m at 2.5g/t gold from 237.1m in CDD290B; and
      • 11.7m at 6.6g/t gold from 166.5m and 23.4m at 2.7g/t gold from 196m in CDD352.
  • Infill drilling within the Main Zone continues to confirm the thickness of gold mineralization, with several holes intercepting significantly higher grades than currently modeled.  Results include 81.2m at 4.4g/t gold from 47.5m in CDD362.
  • Drilling between the Manganese and Main Zones is likely to extend the current resource by more than 150m with results including 174.2 m at 1.7 g/t gold from 95.3m and 32.0 m at 3.1 g/t gold from 309.5m in CDD383.
  • Drilling is continuing to confirm the depth potential below the Manganese Zone.  A deep hole on the southern side of the Manganese Zone intersected 22.0m at 3.3 g/t gold from 509.0m in CDD348.
  • Gold mineralization has been discovered in the western extremities of the Çöpler valley.  Results include 8m at 5.1g/t gold from 106m in CRC880 and 38m at 0.8g/t gold from 2m in CRC881.
  • Drilling continued on the Karakartal porphyry gold-copper deposit, located 12km southeast of Çöpler.  Results are confirming the geometry and grade of the current Karakartal Resource and include 122.5m at 0.7g/t gold and 0.26% copper from surface in KDD046 and 266.0m at 0.4g/t gold and 0.3% copper from 140.0m in KDD048.

Highlights - Exploration in Australia

  • At the Trident underground mine, drilling has identified southern extensions to the thick Helios orebody. Results include 22.0m at 3.9g/t gold from 266.0m in TUG1902.
  • At the Chalice underground mine, drilling between the Atlas and Olympus Lodes has continued to intersect thick high-grade mineralization outside of the current resource boundary, including 40.4m at 6.4g/t gold in CHUG0113.
  • At Higginsville's Corona Prospect, drilling has identified a second zone of laminated quartz veining over 150m south of the previously announced high-grade Corona shoot.
  • Drilling at Surprise, part of the SBS28 Complex, has confirmed continuity of high-grade mineralization up to 200m below the existing pit.  Recent results include 7m at 42.5g/t from 97m and 5m at 11.5g/t from 107m in SD042.
  • Drilling at Barbara, part of the SBS28 Complex, has intercepted high-grade mineralization below the historical underground workings.  New drilling results include 3m at 8.2g/t gold from 299m in BU213.

Edward Dowling, President and CEO of Alacer, stated "Drilling at Çöpler continues to extend known gold mineralization in various areas and this multi-million ounce deposit remains open in most directions. Most of these recent Çöpler drillholes have multiple intervals of thick gold mineralization and are so extensive that it makes it difficult to summarize in a few sentences.

We are pleased to provide initial drilling results from under the old Çöpler village which we have long suspected would be a well mineralized area near the center of the Çöpler deposit. Thick intervals of gold mineralization have been intersected in all the initial holes under the old village which provides a significant northern extension to the Main Zone.  Additionally, infill drilling in the Main Zone has confirmed significantly higher grades than currently modeled.

In Australia, we are also receiving encouraging results. At the Chalice Mine in Australia, drilling has continued to confirm thick high-grade gold mineralization outside of the current resource at the newly named Grampians Lode.  Positive results were also received at Surprise and Barbara, part of the SBS28 complex at our South Kalgoorlie Operations, confirming continuity of narrow high-grade gold mineralization."

Çöpler Exploration

An updated Çöpler resource estimate was released on February 27, 2012 and an associated Technical Report was released April 12, 2012.  The total Measured and Indicated Resources1 is 148.9 million tonnes at a grade of 1.53g/t gold, containing a total of 7.3 million ounces (inclusive of reserves).  This Resource included data from drilling completed to September 3, 2011.

Approximately 37km of further drilling has been completed since the resource update was completed up until April 2012 with the results from this drilling published on January 24, 2012 and May 7, 2012.  An additional 22km of drilling was completed during Q2 2012 and is the subject of this release.

During the quarter, exploration activity at Çöpler focused on extending the Main Zone to the north in the previously untested old Çöpler Village area, down-dip extensions to the Main Zone and Manganese Zone, and infilling the Main Zone.  Nine surface drilling rigs are currently on site at Çöpler.

Work is in progress to finalize a new Çöpler resource estimate during Q3 2012. The new estimate will include additional data from drilling completed from September 3, 2011 to June 30, 2012.

     
  1 Measured Resources = 100.3 million tonnes at 1.68g/t gold, containing 5.42 million ounces and Indicated Resources = 48.6 million tonnes at 1.21g/t gold, containing 1.89 million ounces (as at December 31, 2011 on a 100% basis).

Old Çöpler Village Drilling

The drilling under the old Çöpler Village began early in Q2 2012, which enabled exploration of this highly prospective area adjacent to the northern margin of the Main Zone.

All drillholes within the old village area have intersected thick sulfide mineralization, located up to 100m north of the current resource boundary.  Recent results which all are outside the boundary of the February 2012 Mineral Resource include:

  • 11.7m at 6.6g/t gold from 166.5m and 23.4m at 2.7g/t gold from 196.0m in CDD352;
  • 40.0m at 1.8g/t gold from 134.1m in CDD354;
  • 167.5m at 1.9g/t gold from 114.2m in CDD355A;
  • 8.8m at 2.1g/t gold from 64.2m, 8.8m at 2.7g/t gold from 76m, 7.8m at 1.9g/t gold from 110.2m, and 9.2m at 2.5g/t gold from 131.9m in CDD359;
  • 49.5m at 1.3g/t gold from 65.5m, 7.5m at 3.2g/t gold from 141.5m, and 21.9m at 2.6g/t gold from 197.4m in CDD363;
  • 91.7m at 1.6g/t gold from 59.5m in CDD364;
  • 51.8m at 1.3g/t gold from 46.1m, 26.7m at 1.1g/t gold from 124.1m, and 10.8m at 3.0g/t gold from 301m in CDD365;
  • 47.1m at 1.6g/t gold from 71.3m in CDD370; and
  • 6.0m at 5.8g/t gold from 75.0m, 31.9m at 1.4g/t gold from 98.2m, and 33m at 2.1g/t gold from 140.6m in CDD380.

All downhole intervals are estimated to be 50-80% of true width.

Mineralization remains open to the north over a strike length of 500m and drilling is in progress to test for further extensions.

Main Zone Drilling

Drilling at the Main Zone has concentrated on infill drilling and testing depth extensions below the currently defined pit boundary.

The infill drill program is continuing on the Main Zone in order to provide additional data for the Çöpler Sulfide Feasibility Study. Drilling is targeted to bring the drill spacing down to less than 50m by 50m and provide an improved geological and grade estimation model for detailed mine planning and optimization.

CDD290B was completed 50m north of the previously reported thick intersection of CDD296A (323m at 1.5g/t gold). CDD290B intersected 32.7m at 1.3g/t gold from 160.5m, 7.0m at 2.4g/t gold from 219.5m and 39.3m at 2.5g/t gold from 237.1m, all below the current sulfide pit and resource boundaries.

Deeper results from infill drilling in the core of Main Zone have returned strong mineralization below the current sulfide pit and resource boundaries.  Results included 11.7m at 6.6g/t gold from 166.5m and 23.4m at 2.7g/t gold from 196.0m in CDD352 (see Figure 2 above), 64.5m at 2.0g/t gold from 67.6m in CDD374, and 38.8m at 2.4g/t gold from 200.9m and 42.8m at 1.5g/t gold from 256.6m in CDD379. CDD357 intersected 24.3m at 12.6g/t gold from 107.8m from central Main Zone.  This intersection lies within the current sulfide pit boundary but outside the current resource boundary.

The majority of the shallower infill drill results are confirming thicknesses of mineralization, but with several holes indicating improved grades with the potential to add ounces to the current Mineral Resource.  Results include:

  • CDD351 - 10.3m at 7.3g/t gold from 225.1m;
  • CDD352 - 55.2m at 1.6g/t gold from surface;
  • CDD353 - 33.5m at 2.2g/t gold from 55m;
  • CDD362 - 81.2m at 4.4g/t gold from 47.5m; and
  • CDD371 - 20.5m at 1.9g/t gold from surface (oxide) and 47.2m at 2.0g/t from 48.3m.

All downhole intervals are estimated to be 80-100% of true width.

Manganese Zone Drilling

Drilling immediately to the east of the old Çöpler village between the Manganese and Main Zones is likely to extend the current resource by more than 150m with results including 174.2m at 1.7g/t gold from 95.3m and 32.0m at 3.1g/t gold from 309.5m in CDD383.  Further drilling is in progress to test the potential for these depth extensions to be continuous between these two zones.

Drilling is continuing to confirm the potential that exists at depth below the Manganese Zone. A deep hole at the southern edge of the Manganese Zone intersected 22m at 3.3g/t gold from 509m.  This intersection lies 50m east and deeper than the previous high-grade intercept in CDD274 of 100.1m at 4.1g/t gold.  This drilling is confirming continuity of higher grade mineralization at depth and indicates potential for underground mining.  Manganese Zone mineralization remains open at depth and to the east.  Further deep drilling in this area is in progress.  Downhole intervals are estimated to be 70% of true width.

Western Zone Drilling

Reverse Circulation ("RC") drilling focused on testing for mineralization at the northwest corner of the Çöpler Valley.  Drilling has confirmed several zones of narrow oxide and sulfide mineralization.  Best results include:

  • 8m at 5.1g/t gold from 106m in CRC880 immediately north of the West Zone;
  • 38m at 0.8g/t gold from 2m in CRC881;
  • 5m at 1.8g/t gold from surface in CRC879; and
  • 1m at 12.1g/t gold from 25m in CRC877 at Main Zone West.

Planned 2012 Çöpler Exploration

The Çöpler 2012 exploration budget is $10 million (2011: $8 million). The key objective of the Çöpler 2012 exploration program is to broadly determine the ultimate size potential of the Çöpler orebody and to better understand the controls on mineralization.

Diamond and RC drilling during 2012 will continue to complete infill drilling and test for depth and lateral extensions to known gold mineralization.

Çöpler Regional Exploration

Exploration of the Çöpler District is at an early stage due to the exploration effort having been focused on the Çöpler deposit until late 2011.  Drilling continued during the quarter at Karakartal and Fındıklıdere with geochemical and geophysical surveys completed over the 12km north-south Yakuplu to Karakartal mineralized trend. The tenements in this region are owned in a 50/50 joint venture with Lidya Mining.

Karakartal is a gold-rich porphyry copper deposit located approximately 12km southeast of Çöpler.  The current Indicated Resources are 13.8 million tonnes at 0.46g/t gold and 0.29% copper and Inferred Resources are 17.8 million tonnes at 0.32g/t gold and 0.22% copper (100% basis).

A diamond drilling program commenced during Q4 2011 at Karakartal which aims to:

  • determine the scale and grade of a potentially higher grade core to the Karakartal porphyry; and
  • identify potential shallow high-grade oxide ore sources for the nearby Çöpler Plant.

Six diamond drill rigs are active at Karakartal and Fındıklıdere with a total of 8,852m completed during Q2 2012.

Drill results to date are confirming the continuity of the moderate grade mineralization at Karakartal.  The deposit has been drilled over an 800m strike length and 100-250m width at a typical grade of 0.4 to 0.6g/t gold and 0.25 to 0.4% copper. Best results include:

  • 122.5m at 0.66g/t gold and 0.26% copper from surface, 84m at 0.40g/t gold and 0.20% copper from 142 m, 32m at 0.31g/t gold and 0.23% copper from 243.3m and 33.5m at 0.31g/t gold and 0.31% copper from 289.5 m in KDD046; and
  • 266m at 0.40g/t gold and 0.30% copper from 140m in KDD048.

Ground magnetic and induced polarization ("IP") geophysical surveys were completed on the Yakuplu and North Karakartal areas where geochemical soil samples up to 0.59g/t gold were returned during 2011.  Mapping and rock-chip sampling was carried out across the Yakuplu target where several targets have been identified for follow up drill testing to be completed in Q3 2012.  Further geochemical and geophysical surveys are in progress across the Yakuplu to Karakartal trend prior to drill testing of the highest priority anomalies.

Drilling is planned to continue at the Yakuplu to Karakartal region over the summer of 2012.

Higginsville Exploration

Exploration activity at Higginsville focused on Corona, the Higginsville Line of Lode Framework program and regional anomaly definition across Alacer's large Higginsville tenure including Chalice and Challenge. Drilling at the Chalice and Trident underground mines intercepted gold mineralization in gaps between current resources at both operations.

Chalice

Drilling continued from underground drill platforms in the Chalice Mine, primarily targeting the previously sparsely drilled gap between Atlas and Olympus Lodes. This drilling has confirmed continuity of thick, high-grade mineralization outside the current Chalice Mineral Resource over a 150m strike extent and up to 80m dip extent which has been named the Grampians Lode. Results from Q2 2012 drilling include:

  • 32.0m at 4.8g/t gold in CHUG0112
  • 40.4m at 6.4g/t gold in CHUG0113
  • 54.0m at 2.6g/t gold in CHUG0114
  • 28.0m at 6.1g/t gold in CHUG0158
  • 35.0m at 4.3g/t gold in CHUG0163

The Grampians Lode lies close to the planned decline to the Olympus Lode and is likely to provide additional near-term ore to the Chalice mine plan.

Corona

The high-grade Corona discovery (VIND047 which intersected 2.35m at 658g/t gold from 181.1m) was announced on January 24, 2012. Corona is located approximately 2.5km south of the Higginsville plant and gold mineralization at Corona is associated with a 0.5 to 2.0m wide, steeply east-dipping, north-south striking laminated quartz vein. Drilling to date has delineated a high-grade vein that is continuous over 50 to 100m in strike and more than 300m in dip and is part of a more extensive 2 to 10m wide shear zone.

Follow-up drilling continued at the Corona prospect during the quarter.  A series of surface diamond drillholes outlined a second zone of laminated quartz veining over 150m south of the main Corona shoot.  The laminated quartz veins contain accessory arsenopyrite and galena, with visible gold observed in one hole.  Further follow-up drilling is required to test for a potential second high-grade shoot in this area.

Three additional diamond drill holes were completed during the quarter to test the depth extent of the Corona structure.  A large thrust was intersected at the expected depth and is interpreted to represent the termination of the Corona structure at approximately 450m below surface.

Assay results received from Corona drilling to date are shown in the diagram below.

The Alacer Board of Directors recently approved an exploration decline to access the Corona deposit and exploratory drilling from underground. The Corona deposit will be accessed via a single 0.95km decline using the Fairplay open pit as a portal location. The very high-grade core of the Corona deposit is located 200m to 350m below surface. The Corona decline will provide underground drill platforms for approximately 1km of strike along the highly prospective Higginsville Line of Lode.

The very high-grade core of the ore body is currently open up and down-dip with underground infill drilling planned, while the decline will provide drill platforms for targeting additional mineralized structures.

Trident

The Trident decline reached 682mRL at the end of the quarter.  This development has enabled underground drill platforms to be set up on 744mRL to drill the top portions of both the Artemis and Helios Lodes.  Drilling initially targeted the previously undrilled area between Helios and Artemis. Two drillholes have tested this gap and have confirmed an average 60m southern extension to the Helios Lode over a dip extent of greater than 100m.   Results include 22.0m at 3.9g/t gold from 266.0m in TUG1902 and 17.5m at 2.9g/t gold from 182.0m in TUG1900.  True width is estimated at 65-70% of downhole width.  Further drilling is in progress to determine the ultimate extent and geometry of Helios prior to final resource estimation and mine design.

Other Higginsville Exploration

  • The Higginsville Framework drilling program neared completion as drilling during the quarter was carried out on the Aphrodite, Graveyard and Vine framework sections at the southern end of the Higginsville Line of Lode.
  • Aircore and rotary air blast ("RAB") drilling has been completed in the Challenge, Chalice and Lake Cowan areas.  Several small scale regolith anomalies have been defined requiring follow-up RC drilling.
  • RC drilling testing continued on regolith anomalies within the Challenge area.  Several intersections of significance warrant follow-up RC drill testing.
  • Initial diamond drilling at Bullseye at Challenge and Sinclair Soak on Lake Cowan indicate the presence of low-grade mineralization.  Further drilling is required to determine the significance of this mineralization.

South Kalgoorlie Exploration

South Kalgoorlie exploration during Q2 2012 was focused on testing for open-pit extensions at the Shirl-Barbara-Surprise-Pit28 ("SBS28") complex, Mt Martin and the Peaceful Gift/Chief's Lode and Pernatty/TNT areas to the north of the HBJ Pit.

SBS28

Located near Coolgardie and 35km west of the Jubilee processing plant, the SBS28 Complex is a 3km-long mineralized zone that has been sporadically mined under fragmented ownership over the past 70 years. The various styles of gold mineralization at the SBS28 Complex are indicative of a large system of mineralization.  The controls on mineralization are becoming better understood as drilling is progressively following up widespread, high-grade gold mineralization defined by previous drilling and mining.

Surprise is an old open pit and underground complex located near the northeast corner of the SBS28 complex. Historical production is estimated at 330,000 tonnes at 7.2g/t gold for 77,000 ounces. Resource definition RC drilling is in progress to test for the shallow (<200m deep) ore potential at Surprise.  Results are confirming continuity of narrow high-grade mineralized surfaces along the strike of the Surprise trend.  Results received for drilling during the quarter include:

  • 2m at 20.4 g/t gold from 11m in SD023
  • 8m at 2.5g/t gold from 49m in SD029
  • 6m at 3.6g/t gold from 154m in SD034
  • 11m at 5.8g/t gold from 47m in SD036
  • 22m at 16.7g/t gold from 96m in SD042, including 7m at 42.5g/t from 97m and 5m at 11.5g/t from 107m
  • 2m at 12.7g/t gold from 196m in SD075
  • 3m at 6.6g/t gold from 124m in SD079

Excellent potential exists for further open pit and underground mining at Surprise.

Three deeper diamond drillholes have been completed at Barbara located near the northwestern corner of the SBS28 Complex.  Two of the holes returned high-grade results below the existing old workings.  These initial holes provide encouragement that significant underground potential exists at depth and follow-up diamond drilling is planned.  Results include:

  • 3.0m at 8.2g/t gold from 299m in BU212 immediately below the old workings; and
  • 0.9m at 6.9g/t gold from 497m and 0.8m at 9.9g/t gold from 503.2m in BU203 over 100m below the lowest historical underground development level.

All downhole intervals at SBS28 are estimated to be 60-80% of true width.

Other South Kalgoorlie Exploration

  • A large program of infill, extensional and sterilization drilling has continued at Mt Martin to enable better pit optimization prior to mining recommencing.
  • Drilling at Peaceful Chief has confirmed previous results.  Resource estimation will commence when all assay results are returned.
  • A strategic full-field targeting exercise across the SKO tenure was 90% complete by quarter end.  A total of 327 exploration targets were identified and documented.  Target prioritization is near completion with several high-priority targets identified.  
  • Early stage aircore drilling beneath cover has commenced on several high-priority exploration targets generated from this full-field targeting exercise.

Other Information

Technical Procedural Information

The information in this report which relates to Exploration Results and Mineral Resources is based on information compiled by Chris Newman, a full time employee of Alacer Gold Corporation and who is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists.  Mr Newman has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which is being undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and a qualified person pursuant to National Instrument 43-101 of the Canadian Securities Administration.  Mr Newman consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Exploration drilling and sampling in Turkey utilized surface NQ2 diamond core and Reverse Circulation ("RC"). Reverse circulation cuttings were sampled on 1.0m intervals and core was sampled at geologically selected intervals ranging from 0.7m to 2.0m, but generally 1.0m as sawn half core or hand split if clay.  Drill samples were performed by ALS-Chemex in Vancouver, BC, Canada, for gold by Fire Assay off a 30 gram charge with an AA finish.  Quality Assurance/Quality Control included the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at regular intervals within each batch.  Selected holes are also analysed for a 33-element four acid ICP—AES.  Exploration and drilling results are reported as drilled thicknesses. Drill composites were calculated using a cut-off of approximately 0.3g/t gold for oxide and 0.6g/t gold for sulfide.  No top cut was applied.

Exploration drilling and sampling in Australia utilized surface HQ and NQ2 diamond core, RC and aircore. Drill core was sawn half core and submitted for assaying. Dependent on the ore body geometry, core sample lengths were constrained by geology, alteration or structural boundaries and sample lengths varied between a minimum of 0.5m to a maximum of 1.3m. Reported results from RC samples were collected on 1m riffle split intervals and from 4m composite samples using aircore. At Higginsville, RC and diamond drill samples were assayed with fire assay with an AAS finish on 50g charges via Genalysis Laboratories in Kalgoorlie and Perth or by pulverise and leach (PAL1000B) with an AAS finish on 500 ‐ 750g charges at the Higginsville Intertek laboratory. Aircore samples were analysed via low-level aqua regia digestion at Ultratrace and SGS Laboratories in Perth. Internationally accepted standards and blanks were utilised to check on laboratory assay quality control. At South Kalgoorlie, samples were assayed with fire assay with an AAS finish on 50g charges via SGS Laboratories in Kalgoorlie. Blanks and Assay Pills were utilised to check on laboratory assay quality control. Exploration and drilling results are reported as drilled thicknesses. Drill composites were calculated using a cut‐off of approximately 0.8g/t gold. No top cut was applied.

Detailed Drillhole Data

Çöpler  - Summary of Drillhole Locations
Hole
Number
Easting Northing Elevation
(m)
Azimuth Dip Depth
(m)
CDD 279B 459264 4363977 1215 360 -60 210
CDD 283C 459320 4363912 1217 360 -60 370
CDD 290B 458998 4363958 1215 360 -60 404
CDD 348 460144 4364004 1261 360 -60 624
CDD 350 459211 4363612 1284 360 -60 265
CDD 351 459701 4364138 1216 360 -60 368
CDD 352 459147 4364061 1223 360 -60 255
CDD 353 458941 4363960 1219 360 -60 343
CDD 354 459096 4364207 1186   -90 297
CDD 355 459155 4364181 1189 360 -60 53
CDD 355A 459154 4364181 1189 360 -60 303
CDD 356 459039 4363752 1252 360 -60 349
CDD 357 458990 4363774 1254 360 -60 376
CDD 359 459107 4364300 1157 180 -60 251
CDD 360 459000 4364288 1163   -90 325
CDD 362 459399 4364051 1176 360 -60 301
CDD 363 459201 4364110 1212 360 -60 268
CDD 364 459298 4364106 1198 360 -60 310
CDD 365 459245 4364116 1206 360 -60 355
CDD 366 458701 4363446 1307 360 -60 122
CDD 367 459385 4363725 1242 360 -60 360
CDD 368 458553 4364080 1219 180 -60 419
CDD 369 459042 4364249 1156 180 -60 188
CDD 370 459298 4364041 1204 360 -60 334
CDD 371 459193 4363937 1229 360 -60 357
CDD 372 458732 4363883 1219 360 -60 267
CDD 374 459194 4363851 1244 360 -60 382
CDD 376 458540 4363959 1206 180 -60 307
CDD 377 459494 4364243 1205   -90 423
CDD 379 458960 4363879 1239 360 -60 404
CDD 380 458694 4363872 1228 180 -60 206
CRC 865A 458029 4363754 1331 90 -60 208
CRC 870A 457935 4364108 1332 180 -60 203
CRC 871A 457874 4364098 1351 180 -60 204
CRC 872 458069 4364093 1318 180 -60 176
CRC 873 458017 4364097 1329 180 -60 192
CRC 874 457887 4363957 1356 180 -60 120
CRC 875 457917 4363900 1345 90 -60 126
CRC 876 457956 4363855 1338 90 -60 120
CRC 877 457965 4363832 1338 90 -60 172
CRC 878 458014 4363785 1332 90 -60 198
CRC 879 458186 4363678 1301 360 -60 66
CRC 879A 458186 4363675 1302 360 -60 60
CRC 880 458126 4363643 1325 360 -60 177
CRC 881 458207 4363984 1260 220 -60 156
CRC 882 458140 4363966 1279 180 -60 210





Çöpler - Summary of Diamond Drilling Results
Hole Number Zone / Section Line From (m) To (m) Intercept
(m)
Gold (g/t) Remarks
CDD-279B Main Zone / L 59250 E 3.0 7.1 4.1 1.1 Oxide
  7.1 11.6 4.5 1.1 Sulphide
  27.0 29.0 2.0 1.0 Sulphide
  48.9 49.6 0.7 1.2 Sulphide
  58.0 59.0 1.0 1.7 Sulphide
  72.1 73.0 0.9 1.7 Sulphide
  80.5 122.6 42.1 1.2 Sulphide
  126.6 139.7 13.1 1.2 Sulphide
  154.8 165.6 10.8 1.7 Sulphide
             
CDD-283C Main Zone / L 59300 E 0.8 3.4 2.6 4.4 Oxide
  3.4 25.2 21.8 3.2 Sulphide
  29.3 30.4 1.1 1.4 Sulphide
  59.7 63.7 4.0 1.2 Sulphide
  105.9 126.5 20.6 1.2 Sulphide
  158.0 159.3 1.3 1.6 Sulphide
  166.5 168.0 1.5 1.1 Sulphide
  238.7 242.0 3.3 1.9 Sulphide
  247.9 250.0 2.1 2.3 Sulphide
             
CDD-290B Main Zone / L 59000 E 0.0 14.3 14.3 2.8 Oxide
  24.9 28.2 3.3 1.5 Sulphide
  57.2 59.2 2.0 1.0 Sulphide
  62.0 64.0 2.0 0.8 Sulphide
  108.6 111.9 3.3 1.1 Sulphide
  114.9 115.9 1.0 1.5 Sulphide
  124.2 140.6 16.4 1.1 Sulphide
  144.6 146.6 2.0 1.3 Sulphide
  148.6 149.6 1.0 2.9 Sulphide
  153.7 154.7 1.0 1.9 Sulphide
  160.5 193.2 32.7 1.3 Sulphide
  219.5 226.5 7.0 2.4 Sulphide
  237.1 276.4 39.3 2.5 Sulphide
including 248.1 258.8 10.7 3.5 Sulphide
             
CDD-348 Mn Mine Zone / L 60150 E 509.0 531.0 22.0 3.3 Oxide
including 521.8 526.6 4.8 9.8 Oxide
             
CDD-350 Main Zone / L 59200 E 9.1 17.5 8.4 1.6 Oxide
  25.0 29.0 4.0 1.2 Sulphide
  33.0 38.0 5.0 2.1 Sulphide
  206.2 212.1 5.9 1.2 Sulphide
  253.2 257.8 4.6 1.4 Sulphide
  261.6 263.0 1.4 1.3 Sulphide
             
CDD-351 Mn-Mine Zone / L 59700 E 179.0 187.7 8.7 0.7 Oxide
  201.3 205.3 4.0 3.1 Oxide
  216.9 218.4 1.5 1.3 Oxide
  225.1 235.4 10.3 7.2 Sulphide
  241.4 244.4 3.0 2.1 Sulphide
  250.7 254.4 3.7 0.8 Sulphide
  256.4 258.4 2.0 1.0 Sulphide
  269.4 274.4 5.0 0.8 Sulphide
  289.6 295.5 5.9 0.8 Sulphide
  304.6 305.8 1.2 1.2 Sulphide
  318.6 320.6 2.0 0.9 Sulphide
  332.7 333.7 1.0 1.1 Sulphide
  336.7 339.7 3.0 1.0 Sulphide
             
CDD-352 Main Zone / L 59150 E 0.0 55.2 55.2 1.6 Oxide+Sulphide
including 0.0 17.5 17.5 1.3 Oxide
including 27.8 38.5 10.7 2.8 Sulphide
including 43.6 47.6 4.0 4.1 Sulphide
  62.4 67.3 4.9 1.5 Sulphide
  74.3 76.3 2.0 1.0 Sulphide
  81.6 92.8 11.2 1.8 Sulphide
  109.6 116.3 6.7 2.6 Sulphide
  129.5 134.8 5.3 1.5 Sulphide
  152.0 154.0 2.0 2.0 Sulphide
  166.5 178.2 11.7 6.6 Sulphide
  196.0 219.4 23.4 2.7 Sulphide
including 198.1 213.2 15.1 3.3 Sulphide
             
CDD-353 Main Zone / L 58950 E 0.0 21.8 21.8 0.7 Oxide
  55.0 88.5 33.5 2.3 Sulphide
  160.0 168.1 8.1 1.5 Sulphide
  172.2 188.4 16.2 1.0 Sulphide
  219.7 224.0 4.3 2.1 Sulphide
  260.4 261.4 1.0 1.6 Sulphide
  265.4 266.4 1.0 5.8 Sulphide
             
CDD-354 Main Zone / L 59100 E 45.3 49.1 3.8 2.9 Sulphide
  97.2 99.2 2.0 2.3 Sulphide
  114.9 115.9 1.0 1.1 Sulphide
  134.1 174.1 40.0 1.8 Sulphide
  189.5 191.0 1.5 1.6 Sulphide
  269.6 273.6 4.0 4.6 Sulphide
  295.8 297.0 1.2 1.1 Sulphide
             
CDD-355 Main Zone / L 59150 E No Signficant Results
 
             
CDD-355A Main Zone / L 59150 E 114.2 281.7 167.5 1.9 Sulphide
including 136.5 164.4 27.9 3.6 Sulphide
including 182.6 185.6 3.0 8.5 Sulphide
including 193.7 197.8 4.1 4.5 Sulphide
           
CDD-356 Main Zone / L 59050 E 17.0 18.0 1.0 1.7 Sulphide
  48.0 49.0 1.0 1.2 Sulphide
  185.6 186.0 0.4 2.3 Sulphide
  277.7 282.7 5.0 2.2 Sulphide
  287.2 292.2 5.0 5.5 Sulphide
  313.5 318.2 4.7 1.8 Sulphide
  336.6 337.5 0.9 1.3 Sulphide
             
CDD-357 Main Zone / L 59000 E 0.0 15.5 15.5 1.4 Oxide
  22.1 23.1 1.0 1.8 Oxide
  34.1 36.1 2.0 1.7 Sulphide
  42.0 44.2 2.2 4.2 Sulphide
  61.5 87.3 25.8 2.7 Sulphide
  107.8 132.1 24.3 12.6 Sulphide
  146.4 147.4 1.0 1.6 Sulphide
  154.4 155.4 1.0 1.1 Sulphide
  239.5 240.5 1.0 1.3 Sulphide
  350.8 351.8 1.0 2.3 Sulphide
             
CDD-359 Main Zone / L 59100 E 0.0 8.7 8.7 0.4 Oxide
  27.0 29.0 2.0 2.2 Sulphide
  51.3 54.3 3.0 1.9 Sulphide
  57.2 123.1 65.9 1.3 Sulphide
  131.9 141.1 9.2 2.5 Sulphide
  151.3 158.1 6.8 1.6 Sulphide
             
CDD-360 Main Zone / L 59000 E 24.5 26.5 2.0 1.7 Oxide
  44.4 45.4 1.0 1.5 Sulphide
  138.2 139.2 1.0 1.1 Sulphide
  161.5 164.7 3.2 1.1 Sulphide
  191.2 193.1 1.9 1.5 Sulphide
  245.0 247.0 2.0 1.7 Sulphide
  265.0 266.0 1.0 2.8 Sulphide
  267.0 268.0 1.0 2.5 Sulphide
  272.6 274.9 2.3 0.9 Sulphide
  287.0 289.1 2.1 1.4 Sulphide
  291.1 292.0 0.9 1.6 Sulphide
             
CDD-362 Main Zone East / L 59400 E 47.5 128.7 81.2 4.4 Oxide+Sulphide
including 53.8 66.1 12.3 23.5 Oxide
  184.7 187.4 2.7 1.1 Sulphide
  291.1 292.0 0.9 6.8 Sulphide
             
CDD-363 Main Zone / L 59200 E 0.0 53.5 53.5 1.5 Oxide+Sulphide
  65.5 83.5 18.0 1.7 Sulphide
  86.5 115.0 28.5 1.1 Sulphide
  141.5 149.0 7.5 3.2 Sulphide
  155.0 158.0 3.0 1.6 Sulphide
  167.0 177.3 10.3 1.1 Sulphide
  182.6 184.6 2.0 2.0 Sulphide
  197.4 219.3 21.9 2.6 Sulphide
  225.5 226.5 1.0 1.5 Sulphide
             
CDD-364 Main Zone / L 59300 E 59.5 151.2 91.7 1.6 Sulphide
including 146.2 151.2 5.0 7.6 Sulphide
  274.5 276.3 1.8 1.5 Sulphide
             
CDD-365 Main Zone East/ L 59250 E 31.3 32.3 1.0 1.3 Oxide
  36.3 37.2 0.9 1.4 Oxide
  46.1 97.9 51.8 1.3 Sulphide
  103.0 107.0 4.0 1.1 Sulphide
  111.0 115.0 4.0 1.0 Sulphide
  124.1 150.8 26.7 1.1 Sulphide
  168.3 171.5 3.2 4.8 Sulphide
  176.6 177.6 1.0 2.1 Sulphide
  196.2 198.2 2.0 1.4 Sulphide
  283.8 284.8 1.0 1.5 Sulphide
  301.0 311.8 10.8 3.0 Sulphide
  333.8 335.1 1.3 1.5 Sulphide
  352.5 354.0 1.5 3.8 Sulphide
             
CDD-366 Main Zone / L 58700 E 92.5 94.8 2.3 2.4 Sulphide
  98.0 100.0 2.0 1.4 Sulphide
             
CDD-367 Main Zone / L 59400 E 137.0 146.0 9.0 1.6 Sulphide
  150.0 151.0 1.0 2.0 Sulphide
  157.0 158.0 1.0 1.1 Sulphide
  171.3 174.8 3.5 1.1 Sulphide
             
CDD-368 Main Zone / L 58550 E 341.4 362.4 21.0 1.2 Sulphide
  377.2 382.2 5.0 1.3 Sulphide
             
CDD-369 Main Zone / L 59050 E 10.0 11.0 1.0 1.3 Sulphide
  56.2 59.2 3.0 1.8 Sulphide
  77.3 90.8 13.5 0.9 Sulphide
  96.8 107.2 10.4 1.5 Sulphide
  119.3 157.5 38.2 1.4 Sulphide
  163.8 164.8 1.0 1.7 Sulphide
  170.8 174.0 3.2 1.1 Sulphide
             
CDD-370 Main Zone East/ L 59300 E 21.5 24.9 3.4 2.2 Oxide
  71.3 118.4 47.1 1.6 Sulphide
  122.9 123.9 1.0 1.0 Sulphide
  133.0 134.2 1.2 1.1 Sulphide
  139.3 141.3 2.0 1.3 Sulphide
  151.3 153.1 1.8 3.1 Sulphide
             
CDD-371 Main Zone / L 59200 E 0.0 20.5 20.5 1.9 Oxide+Sulphide
  26.5 33.2 6.7 1.4 Sulphide
  48.3 95.5 47.2 2.0 Sulphide
  60.5 69.7 9.2 3.8 Sulphide
  105.5 108.5 3.0 1.3 Sulphide
  120.1 126.3 6.2 1.8 Sulphide
  142.2 143.2 1.0 1.2 Sulphide
  147.4 148.4 1.0 1.4 Sulphide
  179.1 180.1 1.0 1.0 Sulphide
             
CDD-372 Main Zone / L 58750 E 0.0 17.8 17.8 5.0 Oxide
  23.8 25.0 1.2 1.5 Sulphide
  37.9 49.1 11.2 1.3 Sulphide
  106.3 107.3 1.0 2.6 Sulphide
  109.4 110.4 1.0 2.9 Sulphide
  111.4 112.5 1.1 2.4 Sulphide
  116.5 119.1 2.6 3.7 Sulphide
  122.1 133.7 11.6 2.2 Sulphide
             
CDD-374 Main Zone / L 59200 E 21.8 23.8 2.0 2.0 Sulphide
  49.5 50.5 1.0 1.1 Sulphide
  52.5 53.5 1.0 1.7 Sulphide
  67.6 132.1 64.5 2.0 Sulphide
including 107.3 110.0 2.7 6.5 Sulphide
  115.0 118.0 3.0 6.0 Sulphide
  205.5 208.7 3.2 1.2 Sulphide
  224.3 227.3 3.0 8.8 Sulphide
             
CDD-376 Main Zone / L 58550 E 8.0 16.9 8.9 1.8 Oxide
  188.2 191.3 3.1 1.2 Sulphide
  195.0 196.2 1.2 1.1 Sulphide
  202.9 214.0 11.1 0.9 Sulphide
  217.0 218.1 1.1 1.5 Sulphide
             
CDD-377 Mn Mine Zone / L 59500 E 126.3 127.3 1.0 2.3 Oxide
  160.7 176.4 15.7 1.2 Sulphide
  181.4 211.9 30.5 2.7 Sulphide
including 203.5 208.8 5.3 8.1 Sulphide
  232.9 235.9 3.0 1.7 Sulphide
  237.9 239.9 2.0 1.4 Sulphide
  242.9 245.9 3.0 1.3 Sulphide
  263.1 264.1 1.0 1.3 Sulphide
  309.9 310.9 1.0 5.9 Sulphide
             
CDD-379 Main Zone / L 58950 E 0.0 36.0 36.0 1.2 Oxide
including 32.0 34.0 2.0 7.7 Sulphide
  48.0 67.9 19.9 2.6 Sulphide
  80.3 119.0 38.7 2.1 Sulphide
  168.8 191.8 23.0 1.6 Sulphide
  200.9 239.7 38.8 2.4 Sulphide
  256.6 299.4 42.8 1.5 Sulphide
  314.9 323.2 8.3 2.8 Sulphide
  327.2 329.3 2.1 1.2 Sulphide
  332.3 341.7 9.4 1.5 Sulphide
  379.7 382.0 2.3 4.8 Sulphide
             
CDD-380 Main Zone / L 59050 E 75.0 81.0 6.0 5.8 Sulphide
  98.2 130.1 31.9 1.4 Sulphide
  140.6 173.6 33.0 2.1 Sulphide
  180.5 182.7 2.2 3.9 Sulphide
             
CDD-383 Mn-Mine Zone / L 59450 E 95.3 269.5 174.2 1.7 Oxide
including 101.4 104.4 3.0 8.1 Sulphide
including 118.4 123.4 5.0 5.0 Sulphide
including 149.4 177.5 28.1 3.1 Sulphide
  309.5 341.5 32.0 3.1 Sulphide
including 327.5 341.5 14.0 4.5 Sulphide





Çöpler - Summary of Reverse Circulation Drilling Results
Hole Number Zone / Section Line From
(m)
To
(m)
Intercept
(m)
Gold (g/t) Remarks
CRC-865A Main Zone West  / L 58050 E No Signficant Results
 
 
             
CRC-870A NW Waste Dump  / L 57950 E No Signficant Results
 
 
             
CRC-871A NW Waste Dump / L 57850 E No Signficant Results
 
 
             
CRC-872 NW Waste Dump / L 58050 E No Signficant Results
 
 
             
CRC-873 NW Waste Dump / L 58000 E No Signficant Results
 
 
             
CRC-874 NW Waste Dump / L 58000 E No Signficant Results
             
CRC-875 NW Waste Dump / L 57900 E No Signficant Results
   
   
             
CRC-876 NW Waste Dump / L 57950 E 58.0 75.0 17.0 0.9 Oxide
             
CRC-877 NW Waste Dump / L 57950 E 25.0 26.0 1.0 12.1 Oxide
  85.0 87.0 2.0 1.0 Oxide
             
CRC-878 Main Zone West / L 58050 E 81.0 82.0 1.0 1.4 Oxide
  142.0 144.0 2.0 2.9 Sulphide
             
CRC-879 Main Zone West / L 58200 E 0.0 5.0 5.0 1.8 Oxide
  58.0 59.0 1.0 1.4 Sulphide
             
CRC-879A Main Zone West / L 58200 E 7.0 13.0 6.0 0.8 Oxide
             
CRC-880 West Zone / L 58150 E 95.0 96.0 1.0 1.3 Oxide
  106.0 114.0 8.0 5.1 Oxide
including 108.0 110.0 2.0 16.7 Oxide
             
CRC-881 Main Zone West / L 58200 E 2.0 40.0 38.0 0.8 Oxide
including 22.0 30.0 8.0 1.9 Oxide
  40.0 45.0 5.0 0.9 Sulphide
             
CRC-882 NW Waste Dump / L 58150 E 32.0 36.0 4.0 1.3 Oxide
  76.0 78.0 2.0 1.0 Sulphide





Karakartal  - Summary of Drillhole Locations
Hole Number Easting
(m)
Northing
(m)
Elevation
(m)
Azimuth
(°)
Dip
(°)
Depth (m)
KDD-038A 466708 4356032 1695 180 -70 80
KDD-044 465800 4355928 1785 180 -70 69
KDD-045 466891 4355998 1728 170 -70 226
KDD-045A 466891 4355998 1728 170 -70 161
KDD-046 466950 4356035 1742 160 -70 262
KDD-046A 466950 4356035 1742 160 -70 125
KDD-047 466839 4356039 1728 180 -70 309.7
KDD-047A 466839 4356039 1728 180 -70 180
KDD-048 466950 4356150 1745 180 -70 418.7
KDD-049 466989 4356075 1765 180 -70 519.5
KDD-049A 466989 4356075 1765 180 -70 93
KDD-050 467004 4355957 1742 180 -70 421.7
KDD-050A 467004 4355957 1742 180 -70 35
KDD-051 465750 4356010 1810 180 -60 285
KDD-052 467054 4356041 1773 180 -70 413
KDD-052A 467054 4356041 1773 180 -70 217.5
KDD-053 467102 4355964 1748 180 -70 292.7
KDD-054 466970 4355996 1740 180 -70 214
KDD-054A 466970 4355996 1740 180 -70 105
KDD-055 467200 4355967 1779 180 -70 299
KDD-056 466850 4355975 1710 180 -70 267.5
KDD-057 465615 4356134 1900 180 -70 51





Karakartal - Summary of Diamond Drilling Results
Hole
Number
Section Line From
(m)
To
(m)
Intercept
(m)
Gold
  g/t
Copper
%
Moly
 ppm
KDD- 038A L 6700 E 33.5 37 3.5 0.25 0.25 13
  76 80 4 0.25 0.27 30
               
KDD-045 L 6900 E 5 156 141 0.33 0.26 -
Including 25.5 94.5 60.7 0.44 0.25 -
  169 208 39 0.4 0.22 -
  230 287 57 0.42 0.37 14
Including 248 275 27 0.63 0.48 -
    334.7 335.7 1 0.38 0.56 19
               
KDD-046 L 6950 E  0 124.5 122.2 0.66 0.26 -
  142 226 84 0.4 0.2 11
  243.3 275.4 32.1 0.31 0.23 -
  289.5 323 33.5 0.31 0.31 -
               
KDD-046A L 6950 E  0 124 124 0.76 0.31 -
               
KDD-047 L 6850 E  57 170 113 0.44 0.24 -
  200 218 18 0.41 0.3 -
  242 280 38 0.36 0.33 11
  295.5 299 3.5 0.31 0.51 35
               
KDD-048 L 5850 E  0 124 124 No Signficant Results
  140 406 266 0.4 0.3 -
Including 328 384 56 0.59 0.49 -
               
KDD-049 L 7000 E 28.8 31 2.2 0.12 0.85 12
  110.5 151 40.5 0.41 0.31 -
  179 328.5 149.5 0.52 0.3 -
Including 199.2 260.5 61.3 0.71 0.38 -
  396 432 36 0.25 0.34 16
               
KDD-050 L 7000 E 198.5 212.5 14 0.38 0.26 -
  244.1 270.9 26.8 0.3 0.32 10
               
KDD-050A L 7000 E  0 35 35 0.53 0.21 -
Including 0 14 14 0.8 0.24 -
               
KDD-051 L 5750 E  10 10.7 0.7 - 0.68 -
  11.9 12.3 0.4 - 1.79 -
               
KDD-052 L 7050 E   42 46 4 0.22 1.31 15
  122 204.8 82.8 0.46 0.35 -
               
KDD-053 L 7100 E   12 60 48 0.32 0.35 11
  102 200 98 0.53 0.33 -
Including 122 166 44 0.69 0.39 10





Corona - Summary of Drilling Results
Hole
Number
Northing Easting RL Dip Azimuth From
(m)
Interval
(m)
Gold
(g/t)
Comments
VIND067A 6485830 380015 295 -60 267 451.8 1.9 4.2 Corona Vein
VIND078 6485850 379830 295 -60 269 167.0 6.1 0.8 Total Shear Zone
            171.7 1.0 1.0 Corona Vein
VIND079 6486200 379790 295 -60 269 - - - No Significant Intersection
VIND081 6485850 379826 295 -52 269 139.5 7.5 1.0 Total Shear Zone
            144.2 0.3 3.6 Corona Vein
VIND082 6485850 379834 295 -65 269 - - - No Significant Intersection
VIND090 6485982 379839 295 -60 267 224.4 9.8 2.7 Total Shear Zone
            230.0 1.1 8.5 Corona Vein
VIND092 6485984 379794 295 -60 270 161.4 15.9 4.2 Total Shear Zone
            165.3 2.1 30.6 Corona Vein





Chalice - Summary of Drilling Results
Hole
Number
Northing Easting RL Dip Azimuth From
(m)
Interval
(m)
Gold
(g/t)
Zone
CHUG0092 6478924 359518 1165 -38 252 146.0 8.0 0.8 Grampians
CHUG0098A 6478906 359559 1139 -27 269 194.8 3.2 4.5 Grampians
CHUG0112 6478953 359453 1122 -32 275 76.0 32.0 4.8 Grampians
CHUG0113 6478953 359453 1122 -37 275 77.6 40.4 6.4 Grampians
CHUG0114 6478953 359453 1122 -41 274 78.0 54.0 2.6 Grampians
CHUG0115 6478953 359453 1122 -40 279 80.8 49.2 1.8 Grampians
CHUG0116 6478953 359453 1122 -35 280 80.7 31.3 2.1 Grampians
CHUG0117 6478953 359453 1122 -33 287 90.8 24.2 4.0 Grampians
CHUG0120 6478953 359453 1122 -31 299 106.0 26.0 2.8 Grampians
CHUG0153 6478906 359560 1138 -29 263 178.0 7.0 1.4 Grampians
CHUG0158 6478904 359561 1137 -35 265 177.0 28.0 6.1 Grampians
CHUG0162 6478903 359561 1137 -33 275 197.0 19.0 1.5 Grampians
CHUG0163 6478906 359560 1138 -36 269 173.0 35.0 4.3 Grampians
CHUG0165 6478906 359560 1138 -38 262 189.0 15.0 5.0 Grampians
CHUG0167 6478926 359518 1166 -31 272 153.0 5.7 3.5 Grampians
CHUG0168 6478926 359518 1166 -31 281   - - Pegmatite Intrusive
CHUG0170 6478923 359518 1166 -31 256 130.6 19.5 6.4 Grampians





Trident - Summary of Drilling Results
Hole
Number
Northing Easting RL Dip Azimuth From
(m)
Interval
(m)
Gold
(g/t)
Zone
TUG1863 6489721 379973 739 -37 273 196.0 6.0 71.0 Artemis
TUG1865 6489722 379973 739 -39 285 201.6 10.4 46.9 Artemis
TUG1865 6489722 379973 739 -39 285 217.5 5.7 17.7 Artemis
TUG1908 6489721 379973 739 -41 276 227.5 0.5 0.0 Artemis
TUG1867 6489721 379974 740 -36 287 208.0 0.4 0.0 Artemis
TUG1910 6489721 379973 739 -37 268 204.0 3.0 0.2 Artemis
TUG1900 6489914 380029 717 -42 281 260.2 6.6 18.9 Artemis
TUG1907 6489914 380030 718 -50 311 308.0 80.0 3.0 Helios
          including 337.0 25.0 5.5 Helios HG
TUG1904 6489914 380029 716 -47 302 254.0 31.8 0.7 Helios
TUG1900 6489914 380029 717 -42 281 170.3 57.7 1.1 Helios
          including 182.0 17.5 2.9 Helios
TUG1902 6489914 380029 717 -49 290 266.0 22.0 3.9 Helios





Surprise - Summary of Drilling Results
Hole
Number
Northing Easting RL Dip Azimuth From
(m)
Interval
(m)
Gold
(g/t)
SD016 6573485 333907 370 -60 240 16.0 2 0.9
SD022 6572854 334119 358 -60 240 118 1 2.1
SD023
 
6572908
 
334016
 
358
 
-60
 
354
 
11
171
2
1
20.4
12.8
SD024
 
6572982
 
334043
 
358
 
-60
 
357
 
130
138
1
1
1.4
1.3
SD025
 
6573072
 
333996
 
358
 
-60
 
240
 
38
142
1
1
11.4
1.1
SD026
 
 
6573163
 
 
333948
 
 
358
 
 
-60
 
 
240
 
 
16
54
67
5
1
7
1.0
1.5
0.9
SD027
 
 
 
 
6573247
 
 
 
 
333889
 
 
 
 
358
 
 
 
 
-60
 
 
 
 
357
 
 
 
 
9
20
103
134
170
2
2
1
1
1
2.3
4.4
4.2
1.7
1.2
SD028
 
6573328
 
333832
 
358
 
-60
 
357
 
98
165
1
1
2.3
2.1
SD029
 
 
6573420
 
 
333784
 
 
358
 
 
-60
 
 
363
 
 
11
49
64
1
8
1
7.3
2.5
8.4
SD031
 
 
 
6573040
 
 
 
334042
 
 
 
358
 
 
 
-60
 
 
 
358
 
 
 
68
73
181
210
1
1
2
1
4.8
2.0
1.6
2.0
SD032
 
6573130
 
333995
 
358
 
-60
 
240
 
90
202
3
1
14.0
1.4
SD033
 
6573218
 
333941
 
358
 
-60
 
357
 
81
86
1
6
11.4
2.1
SD034
 
 
6572967
 
 
334016
 
 
358
 
 
-60
 
 
357
 
 
21
154
178
1
6
1
4.3
3.6
1.1
SD035
 
6573396
 
333795
 
360
 
-60
 
240
 
3.0
50.0
4.0
12.0
5.3
0.9
SD036
 
 
6573362
 
 
333788
 
 
357
 
 
-60
 
 
240
 
 
47.0
67.0
139.0
11.0
6.0
1.0
5.8
2.1
3.5
SD039 6573342 333801 357 -60 240 45.0 1.0 0.7
SD041 6573387 333776 357 -60 240 20.0 2.0 0.7
SD042
 
 
 
 
6573322
 
 
 
 
333814
 
 
 
 
357
 
 
 
 
-60
 
 
 
 
240
 
 
including
including
56.0
81.0
96.0
97.0
107.0
1.0
2.0
22.0
7.0
5.0
1.9
1.3
16.7
42.5
11.5
SD065
 
 
 
6573152
 
 
 
333981
 
 
 
358
 
 
 
-60
 
 
 
240
 
 
 
66.0
77.0
83.0
106.0
2.0
2.0
3.0
1.0
2.4
10.0
1.9
1.2
SD066
 
 
6573146
 
 
333971
 
 
358
 
 
-60
 
 
240
 
 
64.0
93.0
169.0
10.0
3.0
1.0
0.8
3.5
1.0
SD068 6573136 334005 358 -60 240 190.0 6.0 1.1
SD069
 
 
 
 
6573124
 
 
 
 
333985
 
 
 
 
358
 
 
 
 
-60
 
 
 
 
240
 
 
 
 
73.0
101.0
106.0
121.0
147.0
3.0
1.0
10.0
8.0
3.0
3.6
4.2
2.1
1.2
1.0
SD070 6573108 334006 358 -60 240 86.0 10.0 1.0
SD071 6573101 333996 358 -60 240 80.0 4.0 3.8
SD072 6573095 333986 358 -60 240 130.0 6.0 4.0
SD074
 
6573079
 
334007
 
358
 
-60
 
240
 
56.0
82.0
4.0
3.0
1.5
1.3
SD075
 
 
6573063
 
 
334030
 
 
358
 
 
-60
 
 
240
 
 
84
114
196
1
16
2
2.0
1.6
12.7
SD076
 
6573056
 
334018
 
358
 
-60
 
240
 
94
102
3
5
2.0
1.6
SD077
 
 
6573049
 
 
334006
 
 
358
 
 
-60
 
 
240
 
 
79
98
106
8
3
1
2.6
1.8
0.7
SD078 6573047 334054 358 -60 240 85 1 1.4
SD079
 
6573044
 
334048
 
358
 
-60
 
240
 
124
174
3
1
6.6
2.4




Barbara Drillhole Assay Summary
Hole Northing Easting RL Dip Azimuth From
(m)
Interval
    (m)
Gold
g/t
BARBRC029 6573484 332579 360 -60 195 46 2 0.7
BARBRC030 6573470 332626 360 -60 195 101 2 0.6
BARBRC031
 
 
6573458
 
 
332598
 
 
360
 
 
-60
 
 
195
 
 
28
34
48
1
3
1
8.5
12.2
1.9
BARBRC032 6573496 332609 360 -60 195 95 4 0.6
BU203
 
6573592
 
332845
 
360
 
-60
 
210
 
497
503.2
0.9
0.8
6.9
9.9
BU212 6573482 332784 360 -60 372 299 3.0 8.2
BU213 6573456 332884 360 -60 370     NSI




Cautionary Statements

Certain statements contained in this news release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in Alacer's public filings, Alacer's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "forecast", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to proposed exploration, communications with local stakeholders and community relations, status of negotiations of joint ventures, commodity prices, mineral resources, mineral reserves, realization of mineral reserves, existence or realization of mineral resource estimates, the timing and amount of future production, timing of studies and analysis, the timing of construction of proposed mines and process facilities, capital and operating expenditures, economic conditions, availability of sufficient financing, exploration plans and any and all other timing, exploration, development, operational, production, financial, economic, legal, social, regulatory and, political factors that may influence, or be influenced by,  future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other Alacer filings, and include exploration results and the ability to explore, the ultimate determination of mineral reserves, availability and final receipt of required approvals, titles, licenses and permits, sufficient working capital to develop and operate the mines, access to adequate services and supplies, commodity prices, ability to meet production targets, foreign currency exchange rates, interest rates, access to capital markets and associated cost of funds, availability of a qualified work force, ability to negotiate, finalize and execute relevant agreements, lack of social opposition to the mines, lack of legal challenges with respect to any the property or the Company and the ultimate ability to mine, process and sell mineral products on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Alacer filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, Alacer does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.

 

SOURCE ALACER GOLD CORP.

PDF available at: http://stream1.newswire.ca/media/2012/07/31/20120731_C3467_DOC_EN_16500.pdf



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