Exploration / Development > Discovery

Ardich drilling ups oxide outlook for Alacer

Dual-listed miner Alacer Gold (CN:ASR) says drilling results from the Ardich prospect, which included 67.7m at 4.08g/t gold, look promising for adding to oxide production beyond its Çöpler mine in Turkey.

Staff reporter

Exploration / Development > Discovery

Ardich drilling ups oxide outlook for Alacer

Dual-listed miner Alacer Gold (CN:ASR) says drilling results from the Ardich prospect, which included 67.7m at 4.08g/t gold, look promising for adding to oxide production beyond its Çöpler mine in Turkey.

Staff reporter

Ardich drilling ups oxide outlook for Alacer

Hits 67.7m at 4.08g/t gold near Çöpler mine

The above-mentioned intercept also included 14.2m at 7.21g/t, and another highlight was 21.2m at 5.56g/t within a wider 90.8m at 1.79g/t.

Ardich, previously known as Çakmaktepe Far North, is 1.5km from the Çakmaktepe deposit where the company plans to start mining in the fourth quarter.

"The latest Ardich drill results provide us with a great deal of enthusiasm for the potential to add another oxide ore source in the future," president and CEO Rod Antal said.

Çöpler is expected to produce 70,000-90,000 ounces of oxide ore and 50,000-100,000oz of sulphide ore this year, once the sulphide expansion project comes online in the third quarter.

The mine is a joint venture with Lidya Mining (20%).

Alacer shares closed up C4c in Toronto to $2.20 yesterday and were up A1c in Australian trade this morning to $2.20.

topics

loader