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Alacer adds to Çöpler resource

26th July 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Gold miner Alacer Gold has increased the resource base at its Çöpler gold/silver/copper project, in Turkey, to some 8.5-million ounces of gold.

The project’s measured and indicated resource now stood at 194.2-million tonnes, grading 1.4 g/t gold.

“I am pleased to report that the measured and indicated resource at Çöpler has increased for both oxide and sulphide mineralisation since our last resource statement in December 2012,” said Alacer president and CEO David Quinlivan.

He noted that the resource update more than replaced the mine production during the period.

“It is also significant that the new resource model has under-estimated the ounces in the area mined to June 2013 by some 11%, identifying potential upside to this new resource estimate.”

Quinlivan said that the new resource update would form the basis of the ongoing Çöpler oxide and sulphide mine studies, and added that the ASX- and TSX-listed company had recently increased its regional exploration activities in the Çöpler district.

Alacer was of the impression that the Çöpler mine would likely be the first of several significant gold deposits to be discovered and mined in the district, and has recently increased its license holding in the area, as well as its regional geological, geochemical and geophysical survey activities.

Drilling had also started on high priority oxide-gold targets within a 20 km radius of the Çöpler deposit.

Edited by Creamer Media Reporter

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