Alacer announces Çőpler District exploration results

 

TORONTO, Dec. 9, 2015 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Company") [TSX: ASR and ASX: AQG] is pleased to announce drilling results from the Company's exploration program in Turkey.  Drilling results are from several areas in the Çöpler District, including Yakuplu Southeast, Yakuplu East, Yakuplu North and Bayramdere.

Rod Antal, Alacer's President & Chief Executive Officer, stated, "One of our key objectives is to increase the oxide gold production at Çöpler through exploration in the Çöpler District. We have been focused on exploration targets near the Çöpler Mine that will provide us with the best opportunity to utilize the existing processing infrastructure at Çöpler, including the excess capacity on the heap leach pad. This exploration update demonstrates that positive progress has been made during 2015 and the prospects that have captured our attention are shallow, oxide targets with favorable metallurgy and have the potential for rapid development. As such, the formal reporting of these exploration prospects as resources is a key deliverable for 2016.

The drilling results also indicate that there is potential for these prospects to be connected through a greater mineralized system, potentially leading to additional discoveries. Through the Company's disciplined and systematic approach to its exploration program, I am becoming more confident that we can realize this potential and secure further organic growth."

EXPLORATION HIGHLIGHTS

Exploration drilling to date has successfully identified oxide mineralization with the potential to contribute to the Çöpler production profileThis mineralization has been identified in several prospects that can potentially be mined as a series of satellite open pits within 5km to 7km of the existing Çöpler Mine facilities.  Preliminary metallurgical test work indicates that the mineralization style is similar to the Çöpler deposit and that any material mined can potentially be processed through the existing crushing and agglomeration circuit and stacked on the existing heap leach pad facility at the Çöpler Mine.

The Yakuplu Southeast prospect is on the 80% Alacer-owned (Anagold) area and is characterized by gold-copper-silver mineralization, mainly hosted within iron rich gossans and altered wallrocks developed along shallow dipping contacts between diorite, ophiolite and limestone lithologies. Most of the mineralization is oxidized and occurs from 0m to 50m of surface.  As a result of current drilling, mineralization was found to extend over an area of 350m by 300m within a single near surface flat lying gossan, which was found to have grade continuity and varied in thickness from 2m to 16m.  Metallurgical test work on diamond drill cores has defined the mineralization as having similar cyanide leach recovery characteristics to Çöpler oxide ore and that this material is suitable for processing at Çöpler Mine.

The Yakuplu East prospect is on the 50% Alacer-owned (Kartaltepe) area and is a gold-copper prospect with mineralization occuring near surface in stacked iron rich gossans and associated oxidized host rocks.  As with the Yakuplu Southeast prospect, the majority of mineralization occurs along the contacts of diorite, ophiolite and limestone lithologies with the highest grades in proximity to the diorite contacts.  The majority of mineralization is within 50m of surface and the prospect currently has a 350m strike extent and is 150m wide across-strike.  The mineralized gossans have very good spatial and grade continuity; however, metallurgical test work indicates slightly lower leach recoveries than Çöpler oxide ores.

The Yakuplu North prospect is a relatively new discovery and is located on the 50% Alacer-owned (Kartaltepe) area. The current understanding is there are multiple controls on mineralization with strong epithermal textures and associated structural overprints. Similar to the other Yakuplu prospects, there is gossan hosted mineralization occurring along ophiolite and limestone contacts, but significantly, the main body of mineralization appears to be associated with a subvertical shear zone.  This domain is over 40m wide and potentially mineralized over 1,000m; however, work to date has identified high grade gold over a strike length of 250m.  Metallurgical and geotechnical test work will be initiated as part of the progression of the prospect from exploration to resource development stage.

The Bayramdere prospect is on the 50% Alacer-owned (Kartaltepe) area and is an oxide gold and copper prospect.  Mineralization at Bayramdere occurs within three overlapping, iron rich gossan horizons formed along the contacts of limestone and ophiolite units.  Unlike Yakuplu East and Yakuplu Southeast, there is no obvious influence of diorites on mineralization in the stratigraphy.  Gold grades are high, but are restricted to localized areas of gossan.  The prospect mineralization is stratigraphically constrained with mineralization daylighting on the northern and western slopes of the prospect.  Metallurgical test work completed on core reported better than Çöpler oxide ore cyanide leach recovery characteristics.  Although a small prospect, Bayramdere is higher grade and can support a high strip ratio to access mineralization.

Bayramdere and the Yakuplu prospects are geologically connected, being adjacent to and on the southwestern side of a major northwest striking regional structure that appears to control the distribution of most mineralization on the eastern side of the Çöpler District tenements.  A major component of the 2016 drilling program will focus on further testing this geologic model to potentially extend the model and discover new mineralization.

The main focus of the 2016 exploration program is to complete the work necessary to report National Instrument 43-101 – Standards of Disclsoure for Mineral Projects ("NI-43-101") and JORC compliant resources on the Yakuplu and Bayramdere prospects.  The potential at Yakuplu East, Yakuplu Southeast, Yakuplu North and Bayramdere could provide new oxide material to extend Çöpler's oxide production.

DRILLING HIGHLIGHTS

Drilling from four areas in the Çöpler District (Yakuplu Southeast, Yakuplu East, Yakuplu North, and Bayramdere) in eastern Turkey has continued to define near-surface oxide mineralization.  Key Çöpler District drill results from September 1, 2014 to November 18, 2015, reporting intervals of >5m @ >1.00g/t Au include:

  • Drill results from the Yakuplu Southeast prospect:

    • FYRC051: 6.0m @ 1.14g/t Au from 74.0m (sulfide)
    • FYRC055: 6.0m @ 8.53g/t Au from 8.0m (oxide)
    • FYRC057: 7.0m @ 4.43g/t Au from 5.0m (oxide)
    • FYRC061: 16.0m @ 2.09g/t Au from 8.0m (oxide)
    • FYRC073: 5.0m @ 1.10g/t Au from 46.0m (oxide)
    • FYRC079: 8.0m @ 2.84g/t Au from 22.0m (sulfide)
    • FYRC082: 8.0m @ 1.41g/t Au from 14.0m (oxide)
    • FYMT007: 6.0m @ 3.70g/t Au from 6.0m (oxide)
    • FYRC083: 8.0m @ 3.25g/t Au from 15.0m (oxide)
    • FYRC087: 5.0m @ 1.41g/t Au from 53.0m (oxide)
    • FYRC090: 7.0m @ 1.35g/t Au from 19.0m (oxide)
    • FYRC094: 7.0m @ 1.01g/t Au from 1.0m (oxide)
    • FYRC096: 5.0m @ 1.87g/t Au from 10.0m (oxide)
    • FYRC110: 10.0m @ 1.53g/t Au from 67.0m (oxide)
    • FYRC121: 5.0m @ 1.10g/t Au from 19.0m (sulfide)
    • FYRC123: 7.0m @ 1.07g/t Au from 63.0m (oxide)
    • FYRC137: 11.0m @ 1.04g/t Au from 53.0m (oxide)
    • FYRC157: 8.0m @ 3.26g/t Au from 2.0m (oxide)

  • Drill results from the Yakuplu East prospect:

    • YEMT001: 21.3m @ 1.84g/t Au from 19.0m (oxide)
    • YEDD003: 12.9m @ 2.09g/t Au from 22.9m (oxide)
    • YEDD003: 5.1m @ 1.57g/t Au from 132.9m (oxide)
    • YEDD006: 5.3m @ 1.47g/t Au from 10.8m (oxide)
    • YEDD006 6.7m @ 1.38g/t Au from 28.5m (oxide)
    • YEDD008: 9.1m @ 1.12g/t Au from 8.4m (oxide)
    • YEDD008: 14.2m @ 1.48g/t Au from 23.8m (oxide)
    • YEDD011: 7.0m @ 1.06g/t Au from 36.0m (oxide)
    • YEDD014: 42.1m @ 1.14g/t Au from 7.0m (oxide)
    • YEDD015: 5.8m @ 1.04g/t Au from 4.4m (oxide)
    • YEDD016: 7.9m @ 1.66g/t Au from 1.3m (oxide)
    • YEDD017: 5.7m @ 1.43g/t Au from 94.3m (oxide)
    • YEDD019: 7.6m @ 1.33g/t Au from 31.2m (oxide)
    • YEDD020: 10.0m @ 1.19g/t Au from 13.5m (oxide)
    • YEDD021: 5.3m @ 1.32g/t Au from 10.2m (oxide)
    • YEDD022: 10.8m @ 1.84g/t Au from 2.5m (oxide)
    • YEDD024: 6.0m @ 1.06g/t Au from 8.5m (oxide)
    • YEDD025: 6.3m @ 1.08g/t Au from 23.5m (oxide)
    • YEDD026: 19.8m @ 1.30g/t Au from 13.2m (oxide)
    • YEDD028: 16.0m @ 1.01g/t Au from 5.0m (oxide)
    • YEDD029: 8.1m @ 1.67g/t Au from 12.4m (oxide)
    • YEDD033: 22.0m @ 1.61g/t Au from 5.0m (oxide)
    • YEDD034: 11.0m @ 3.35g/t Au from 15.0m (oxide)
    • YEDD035: 9.0m @ 1.63g/t Au from 9.0m (oxide)
    • YEDD036: 15.0m @ 1.69g/t Au from 12.0m (oxide)
    • YEDD039: 6.0m @ 1.14g/t Au from 19.0m (oxide)
    • YEDD041: 20.0m @ 2.35g/t Au from 5.0m (oxide)
    • YEDD045: 18.0m @ 3.28g/t Au from 13.0m (oxide)
    • YEDD048A: 7.0m @ 1.18g/t Au from 49.0m (oxide)
    • YEDD051: 11.0m @ 1.65g/t Au from 0.0m (oxide)
    • YEDD053: 9.0m @ 1.02g/t Au from 0.0m (oxide)
    • YEDD054: 22.0m @ 1.77g/t Au from 0.0m (oxide)
    • YEDD055: 11.0m @ 1.42g/t Au from 6.0m (oxide)
    • YEDD061: 31.0m @ 1.14g/t Au from 7.0m (oxide)
    • YEDD071: 6.0m @ 1.12g/t Au from 0.0m (oxide)
    • YEDD074: 18.0m @ 2.12g/t Au from 8.0m (oxide)
    • YEDD080: 16.0m @ 1.11g/t Au from 5.0m (oxide)
    • YEDD091: 6.0m @ 1.12g/t Au from 8.0m (oxide)
    • YEDD094: 13.0m @ 1.36g/t Au from 0.0m (oxide)
    • YEDD113: 8.0m @ 4.38g/t Au from 0.0m (oxide)
    • YEDD136: 5.0m @ 1.07g/t Au from 67.0m (oxide)
    • YEDD144: 6.0m @ 1.58g/t Au from 0.0m (oxide)

  • Drill results from the Yakuplu North prospect:

    • YNRC010: 7.0m @ 2.59g/t Au from 118.0m (oxide)
    • YNRC016: 5.0m @ 1.35g/t Au from 104.0m (oxide)
    • YNRC018: 5.0m @ 3.64g/t Au from 109.0m (oxide + sulfide)
    • YNRC020: 14.0m @ 1.28g/t Au from 125.0m (oxide)
    • YNRC020: 19.0m @ 2.16g/t Au from 152.0m (oxide)
    • YNRC021: 35.0m @ 3.54g/t Au from 125.0m (oxide)
    • YNRC022: 5.0m @ 1.02g/t Au from 0.0m (oxide)
    • YNRC022: 25.0m @ 6.00g/t Au from 139.0m (oxide)
    • YNRC023: 38.0m @ 1.35g/t Au from 100.0m (oxide)
    • YNRC030: 5.0m @ 1.11g/t Au from 59.0m (oxide)
    • YNRC031: 6.0m @ 2.03g/t Au from 41.0m (oxide)
    • YNRC032: 7.0m @ 8.24g/t Au from 8.0m (oxide)
    • YNRC033: 5.0m @ 1.05g/t Au from 58.0m (oxide)
    • YNRC034: 6.0m @ 1.00g/t Au from 79.0m (oxide)
    • YNRC043: 13.0m @ 6.20g/t Au from 2.0m (oxide)
    • YNDD001: 26.0m @ 2.24g/t Au from 117.1m (oxide)
    • YNDD001: 26.0m @ 1.03g/t Au from 154.0m (oxide + sulfide)
    • YNDD001: 8.0m @ 1.01g/t Au from 208.0m (oxide + sulfide)
    • YNDD001: 7.0m @ 1.05g/t Au from 228.0m (oxide)

  • Drill results from the Bayramdere prospect:

    • BDMT002: 7.5m @ 1.05g/t Au from 26.5m (oxide)
    • BDD029: 11.0m @ 5.49g/t Au from 39.0m (oxide)
    • BDMT004: 7.8m @ 1.60g/t Au from 36.4m (oxide)
    • BDD043: 7.5m @ 7.25g/t Au from 30.2m (oxide)
    • BDD046: 5.0m @ 1.79g/t Au from 34.5m (oxide)
    • BDD051: 14.0m @ 3.40g/t Au from 12.0m (oxide)

To view the complete drill assay results and further technical information relating to this news release, please click on the following link: http://www.alacergold.com/docs/default-source/press-releases/exploration-update---appendix.pdf?sfvrsn=3 or visit the Company's website at www.alacergold.com.

ÇÖPLER DISTRICT EXPLORATION

Alacer's exploration licenses surrounding the Çöpler Gold Mine cover most of a 17km by 25km area.  The exploration licenses are managed under two separate joint ventures ("JV").  Alacer owns 80% of the licenses adjacent to Çöpler under the 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

Yakuplu Southeast

The Yakuplu Southeast prospect is on the 80% Alacer-owned (Anagold) area and is characterized by gold-copper-silver mineralization.  The mineralization is mainly hosted within iron rich gossans and altered wallrocks developed along shallow dipping contacts between diorite, ophiolite and limestone lithologies. Most of the mineralization is oxidized and occurs from 0m to 50m of surface.

The prospect was initially defined by encouraging rock chip samples and was followed up in early 2014 by a successful 5,160m RC drilling program1.  A further 8,045m of drilling from 115 holes in 2014 and 2015 produced results as shown in the plan and cross-section below.  The latest drilling has defined mineralization down to a 25m x 25m spacing with 7,358m of RC drilling from 106 holes and 687m of diamond core from 9 holes completed for metallurgical and geotechnical characterization.

As a result of current drilling, mineralization was found to extend over an area of 350m by 300m within a single near surface flat lying gossan and a series of smaller stacked gossans at depth.  The gossans were found to have grade continuity and varied in thickness from 2m to 16m.  Metallurgical test work on diamond drill cores has defined the mineralization as having similar cyanide leach recovery characteristics to Çöpler oxide ore and that this material is suitable for processing at Çöpler Mine.

Yakuplu Southeast Prospect Plan - showing location of key drilling results from September 1, 2014 to November 18, 2015. Yellow outline defines >0.3g/t Au distribution projected to surface. Purple outline defines >1.0g/t Au distribution projected to surface.

Yakuplu Southeast Prospect Section - showing examples of key drilling results from September 1, 2014 to November 18, 2015. Peach colored gossans host the majority of gold mineralization and are flat lying. Note mineralization occurrence at lithology contacts.

No further RC drilling is planned, as the majority of Yakuplu Southeast mineralization is considered to have been defined within 100m of surface at a drill spacing sufficient to complete an Indicated level of resource estimation. The focus moving forward is to complete the work necessary to report a 'Maiden' Yakuplu Southeast resource and with proximal mineralization at Yakuplu East, Yakuplu North and Bayramdere, define an economic combined new oxide ore source that would extend Çöpler oxide ore processing and supplement planned future Çöpler sulfide ore production.

Yakuplu East

The Yakuplu East prospect is on the 50% Alacer-owned (Kartaltepe) area and is a gold-copper prospect with mineralization occuring near surface in iron rich gossans and associated oxidised host rocks.  As with the Yakuplu Southeast prospect, the majority of mineralization occurs along the contacts of diorite, ophiolite and limestone lithologies.  Highest grades are in proximity to diorite contacts.  The majority of mineralization is within 50m of surface, with deeper mineralization defined to 150m from surface.  The mineralization can be characterized as being hosted within a series of stacked gossans.

Positive results from 3,351m of RC drilling in early 2014 continued with a further 9,068m of diamond core drilling from 151 holes completed by the end of October 20152.  This included holes for metallurgical and geotechnical sampling and test work.  Current drilling has infilled earlier drilling to a 25m x 25m spaced pattern and extended mineralization to the northwest and north.  Two new mineralized gossans were discovered during this drilling.

Unlike Yakuplu Southeast, the main body of mineralization at Yakuplu East is concentrated in a thick body of oxide where a number of gossans coalesce against the contact of a mineralized diorite.  The top of this body was previously mined-out for iron ore leaving behind up to 50m of gold mineralized oxide below the pit floor.  Exploration has successfully drilled-out beneath the historic pit and followed mineralization outwards from the historic pit.  The prospect currently has a 350m strike extent and is 150m wide across-strike.  The distribution of shallow mineralization is strongly controlled by topography, being situated on the spur off a ridgeline.  Shallow southwest dipping mineralization outcrops on both sides of the spur and continues into the hillside.

The mineralized gossans have very good spatial and grade continuity.  A drop-off in grade occurs from southeast to northwest as the gossan extends away from the mineralized diorite in the southeast. The distribution of mineralization and significant assays are presented in the following Yakuplu East plan and section. 

Metallurgical test work on diamond core reports Yakuplu East oxide mineralization as having slightly lower cyanide leach recoveries than Çöpler oxide ores.  Further test work is required as the outcomes may not be truly reflective of the near surface gold-copper mineralization, as this material was composited together with deeper Au-Ag dominated mineralization.

Further RC and diamond drilling in 2016 is planned to test for potential extension of Yakuplu East mineralization along strike and under the Yakuplu East ridgeline.  The drilling is supported by the existing gossan not as yet being closed-off, geochemical anomalism and a strong geophysical signature.  With grades dropping-off moving north and northwestward, the proposed 2016 drilling will define whether this grade-trend continues and whether further diorite intrusions have remineralized the gossan.  In parallel with 2016 drilling objectives, the focus moving forward is to complete work necessary to report a 'Maiden' Yakuplu East resource.  

Yakuplu East Prospect Plan - showing location of key drilling results from September 1, 2014 to November 18, 2015. Yellow outline defines >0.3g/t Au distribution projected to surface. Purple outline defines >1.0g/t Au distribution projected to surface.

Yakuplu East Prospect Section - showing drilling results from September 1, 2014 to November 18, 2015. Note historic iron ore pit at center.

Yakuplu North

The Yakuplu North prospect is on the 50% Alacer-owned (Kartaltepe) area and is a new 2015 drilling confirmed discovery that was identified from rock chip and soil sampling in early 2014.  Drill testing was delayed until June 2015 due to permits, at which time an aggressive drilling program commenced to drill-out on a 50m x 40m spacing a potential 700m strike length of mineralized gossan.  To date, a total of 6,778m of RC and 542m of diamond core drilling has been completed for a total of 7,320m from 49 holes.  Exploration drilling is in its earliest stages.

Currently, it is known that there are multiple controls on mineralization with strong epithermal textures and associated structural overprints. As with other Yakuplu prospects and Bayramdere, there is gossan hosted mineralization occurring along ophiolite and limestone contacts, but significantly the main body of mineralization appears to be associated with a subvertical shear zone of over 40m width and potential mineralized extent of over a kilometer.  The Yakuplu Main prospect, which was thought to be a separate stand-alone target, is now considered to be the southeastern extension of the newly defined Yakuplu North shear zone.

To date, high grade gold and negligible copper has been defined over a strike length of 250m.  The mineralization is contained within shear hosted jasperoid and iron rich gossan.  Drilling is in progress to test and extend the mineralized zone up and down dip, as well as along strike.  Being a new prospect, the work is being completed systematically to provide a complete geological framework to the new discovery and to ensure no other mineralization is overlooked.

Drilling will continue for the remainder of 2015 to complete planned 50m x 40m broad spaced definition of the prospect to a depth of 200m below surface, extend RC holes with diamond tails that have stopped short of mineralization and gather sufficient data to produce cohesive initial geology and mineralization models.  Drilling in 2016 will infill identified mineralized zones to a spacing of about 25m x 20m and step-out along strike to drill the Yakuplu Main extension of the Yakuplu North shear zone. Metallurgical and geotechnical test work will be commenced as part of the progression of the prospect from exploration to resource development stage and for a NI 43-101-compliant resource estimation.

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

Yakuplu North Prospect Plan - showing location of key drilling results from September 1, 2014 to November 18, 2015. Yellow outline defines >0.3g/t Au distribution projected to surface. Purple outline defines >1.0g/t Au distribution projected to surface.

Yakuplu North Prospect Section - showing drilling results from September 1, 2014 to November 18, 2015 on Section NW700. Early interpretation based on nominal widespaced 50m x 40m drilling.  RC holes have been used  to precollar holes with diamond core tails to reach targets to +200m below surface.

Bayramdere

The Bayramdere prospect is on 50% Alacer-owned (Kartaltepe) area and is an oxide gold and copper prospect drilled in 2013 and early 2014 over a strike length of 400m.  Further drilling was completed post September 1, 2014 to infill and extend mineralization on a nominal 20m x 20m spacing, as well as complete metallurgical and geotechnical drilling.  A total of 4,345m of diamond drilling from 68 holes has been completed between the September 1, 2014 and October 30, 2015.

Bayramdere is lower in altitude than the Yakuplu prospects and separated from Yakuplu Southeast by a 1km wide, deeply incised valley.  Bayramdere and the Yakuplu prospects are geologically connected being adjacent to and on the southwestern side of a major northwest striking regional structure that appears to control the distribution of most mineralization on the eastern side of the Çöpler District tenements.

Mineralization at Bayramdere occurs within three overlapping, iron rich gossan horizons formed along the contacts of limestone and ophiolite units.  Unlike Yakuplu East and Yakuplu Southeast, there is no obvious influence of diorites on mineralization in the stratigraphy.  Gold grades are high but restricted to localized areas of gossan and not all gossan carries gold. The prospect mineralization is also stratigraphically constrained with mineralization daylighting on the northern and western slopes of the prospect.  The gossans on their southern sides and at the eastern end of the prospect were found to drop-off in grade.  A plan and section showing Bayramdere mineralization distribution and significant assays follows.

Bayramdere Prospect Plan - showing location of key drilling results from September 1, 2014 to November 18, 2015. Yellow outline defines >0.3g/t Au distribution projected to surface. Purple outline defines >1.0g/t Au distribution projected to surface.

Bayramdere Prospect Section - showing drilling results from September 1, 2014 to November 18, 2015. High grades are localized at the center of the iron rich gossan.

Metallurgical test work completed on core reported better than Çöpler oxide ore cyanide leach recovery characteristics. Although a small prospect, Bayramdere is higher grade and can support a high strip ratio to access mineralization.

No further drilling is planned as the majority of Bayramdere mineralization is considered to have been defined within 100m of surface at a drill spacing sufficient to complete an Indicated level of resource estimation.  The focus moving forward is to complete the work necessary to report a 'Maiden' Bayramdere resource.

About Alacer

Alacer is a leading intermediate gold mining company, with an 80% interest in the world-class Çöpler Gold Mine in Turkey operated by Anagold Madencilik Sanayi ve Ticaret A.S. ("Anagold") and owned 20% by Lidya Mining. The Company's primary focus is to leverage its cornerstone Çöpler Mine and strong balance sheet to maximize portfolio value, maximize free cash flow, minimize project risk and, therefore, create maximum value for shareholders.

Alacer is actively pursuing initiatives to enhance value beyond the current mine plan:

  • Çöpler Oxide Production Optimization – expansion of the existing heap leach pad to 58 million tonnes remains on track.  Approximately 70% of the Heap Leach Pad Phase 4 expansion area is within the existing mine permit area and that portion is currently under construction.  The remaining 30% of the area necessary for final construction in 2016 requires an additional land use permit that is currently awaiting final approval.  Initial engineering for a new heap leach pad site to the west of the Çöpler Mine is progressing.  The Company continues to evaluate opportunities to optimize and extend oxide production beyond the current reserves.

  • Çöpler Sulfide Project – the Company continues detailed engineering and procurement of long-lead time items. The Sulfide Project will deliver medium-term growth with robust financial returns and adds an additional 22 years of production. An Environmental Impact Assessment was approved in December 2014 and land use permits have progressed through the regulatory process and are awaiting final approval. Receipt of land use permits is required to begin Sulfide Project construction. The Sulfide Project is currently on track for commissioning at the end of 2017. The Sulfide Project will bring Çöpler Life-of-Mine gold production to 3.9 million ounces at industry low All-in Sustaining Costs averaging $637 per ounce3.

  • The Company continues to pursue opportunities to further expand its current operating base to become a sustainable multi-mine producer with a focus on Turkey.  The structured and focused exploration efforts in the Çöpler District to locate additional oxide deposits, as well as in other regions of Turkey are progressing. Drilling and metallurgy work to advance the Dursunbey project in western Turkey will continue in 2015.

Detailed information regarding the Çöpler Sulfide Project can be found in the Technical Report dated March 27, 2015 available on SEDAR at www.sedar.com and on the Company's website.

Alacer is a Canadian corporation incorporated in the Yukon Territory with its primary listing on the Toronto Stock Exchange. The Company also has a secondary listing on the Australian Securities Exchange where CDIs trade.

Technical Procedural Information

Exploration drilling and sampling in Turkey utilized dominantly surface HQ3 triple-tube diamond core and 5 ¼ inch diameter RC drilling methods.  Reverse circulation cuttings were sampled on 1.0m intervals and core was sampled systematically in 1.0m lengths as sawn half core in competent ground or hand split if in clay or broken fault zones.  All drill sample assaying was performed by the SGS Ankara commercial assay laboratory in Turkey.  Samples were analyzed for gold by Fire Assay off a 30 gram charge with an AAS finish, and analyzed for silver, copper, lead and zinc using a four acid digest ICP-AES method.  Gold assays over 3g/t Au were automatically re-assayed by Fire Assay with a gravimetric finish.  For silver, copper, lead and zinc assay results above the ICP-AES upper detection limits, samples were re-analyzed using a four acid digest with HCI leach and AAS finish.  Quality Assurance/Quality Control measures included the insertion and continual monitoring of standards, blanks and duplicates inserted into the sample stream.  QA/QC samples represent approximately 10% of all assay results received.  Exploration and drilling results are reported as downhole drilled thicknesses.  Drill hole significant assay intervals were calculated using a minimum downhole length of 5m @ >1.00g/t Au (body of text) or 2m @ >1.00g/t Au (Appendices).  Grades were calculated using length weighted average sample grades for the interval.  No top cut was applied.

Qualified Persons

The information in this release which relates to exploration results is based on information compiled by James Francis, BSc (Hons) Geology and MSc Mining Geology, MAusIMM, MAIG, who is a full-time employee of Alacer.  Mr. Francis 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 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and a qualified person pursuant to NI 43-101.  Mr. Francis consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

Cautionary Statements

Except for statements of historical fact relating to Alacer, certain statements contained in this press 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 be contained in this document and other public filings of Alacer. Forward-looking information often relates to statements concerning 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", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts.

Forward-looking information includes statements concerning, among other things, preliminary cost reporting in this press release, production, cost and capital expenditure guidance; ability to expand the current heap leach pad, development plans for processing sulfide ore at Çöpler; results of any gold reconciliations; ability to discover additional oxide gold ore, the generation of free cash flow and payment of dividends; matters relating to proposed exploration, communications with local stakeholders and community relations; negotiations of joint ventures, negotiation and completion of transactions; commodity prices; mineral resources, mineral reserves, realization of mineral reserves, existence or realization of mineral resource estimates; the development approach, the timing and amount of future production, timing of studies, announcements and analysis, the timing of construction and development of proposed mines and process facilities; capital and operating expenditures; ability to draw under the finance facility and satisfy conditions precedent including execution of security and construction documents; economic conditions; availability of sufficient financing; exploration plans; receipt of regulatory approvals and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, regulatory and political matters that may influence or be influenced by future events or conditions.

Such forward-looking information and statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in any other of Alacer's filings, and include the inherent speculative nature of exploration results; the ability to explore; communications with local stakeholders and community and governmental relations; status of negotiations of joint ventures; weather conditions at Alacer's operations, commodity prices; the ultimate determination of and realization of mineral reserves; existence or realization of mineral resources; the development approach; availability and final receipt of required approvals, titles, licenses and permits; sufficient working capital to develop and operate the mines and implement development plans; access to adequate services and supplies; 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 or facilities; lack of legal challenges with respect to the property of Alacer; the timing and amount of future production and ability to meet production, cost and capital expenditure targets; timing and ability to produce studies and analysis; capital and operating expenditures; economic conditions; availability of sufficient financing; the ultimate ability to mine, process and sell mineral products on economically favorable terms and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, regulatory and political factors that may influence future events or conditions. While we consider these factors and assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

You should not place undue reliance on forward-looking information and statements. Forward-looking information and statements are only predictions based on our current expectations and our projections about future events. Actual results may vary from such forward-looking information for a variety of reasons including, but not limited to, risks and uncertainties disclosed in Alacer's 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.

Appendix 2 - JORC Code Table 1

The following tables are provided to ensure compliance with the JORC Code (2012) edition requirements for the reporting of exploration results.

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)




Criteria

JORC Code explanation

Commentary

Sampling Techniques

Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

  • Diamond drill core was sampled as half core at 1m intervals or to geological contacts.

  • RC chip samples are collected in calico bags (3-5kg) for analysis and representative sub-samples placed into chip box trays at 1m intervals for logging.  Reject samples are collected in PVC bags and stored in a bag farm for 6 months in case need arises for relogging, duplicate sampling, metallurgical sampling and follow-up QAQC.

 

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

  • To ensure representative sampling, diamond core is marked considering mineralization intensity and veining orientations then sawn and half core sampled.

  • Where possible all diamond core is oriented using 2IC Ezy-Mark or Reflex ACT II systems and collected in HQ triple tube splits pumped out with water.  PVC pipe is inserted into areas of core loss marked with interval of loss.  PVC pipe is cut to equivalent length of core loss and placed into core trays.  Majority of holes are downhole surveyed using a MEMs Gyro to ensure accurate location of all samples within the bore hole.

  • RC chip samples are collected at 1m intervals using a side mounted rotary cone splitter.  All samples are weighed using digital scales with weights recorded and used to determine sample representivity.  The scale is tared before each measurement. All weights are recorded onto paper and transferred to the geological database.

Aspects of the determination of mineralization that are Material to the Public Report.

In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralization types (eg submarine nodules) may warrant disclosure of detailed information.

  • Diamond Core samples are submitted as 1m half core to SGS Ankara laboratory for standard industry analysis i.e. samples crushed and split to 3kg, pulverized and subsampled to 250g and fire assayed using a 30g charge, with gravimetric finish on all gold values >3g/t. Whole rock analysis for 36 elements using a four acid digest and ICP-ME (OES) finish is completed for all exploration and resource development samples.  Over limit precious and base metals are reanalyzed by AAS.  All samples are analysed for Total Carbon and Sulphur, as well as Sulphide Sulphur. Cyanide leachable gold is determined using a hot 'Shaker Test' modified BLEG method. All samples are weighed on receipt, dried, reweighed and moisture content determined.  Crushing and Grind size checks are completed at all stages of sample reduction.

  • RC samples go through the same assay process at SGS Ankara, with initial samples submitted being 3-5kg RC chip samples that are crushed and then split to 3kg before pulverizing.

Drilling Techniques

Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

  • Diamond drilling was mainly carried out with HQ and HQ3 triple tube.  Precollars, metallurgical and difficult holes were completed with PQ and PQ3 triple tube.  NQ was used in situations where, due to difficult ground conditions, the best option was a reduction in core size to NQ.  Majority of holes were downhole surveyed by MEMs Gyro provided and maintained by Wellforce International.  At times when MEMs Gyro was not available a Reflex Multi-Shot tool was used in place of Gyro. Core orientation was completed using the 2IC Ezy-Mark orientation system, with use of the Reflex ACT II tool for orientation when Ezy-Mark kits not available.

  • Çöpler District: RC drilling was completed with a nominal 5.25 inch face sampling hammer. Majority of holes were downhole surveyed by MEMs Gyro provided and maintained by Wellforce International. A Reflex Multi-Shot tool was used when the MEMs Gyro was not available.

Drill Sample Recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

  • Diamond Core -
    • All diamond core is measured and reconciled against core blocks, end of hole depth and drillers run-sheets.
    • Intervals of visual and calculated missing core are recorded in the sampling spreadsheet and geological database. PVC of equivalent length to missing core interval is inserted as a visual marker of core loss.
    • Core recovery is calculated on a per metre basis of recovered core and entered into the database as a percentage.  In general, core recoveries are between 80 – 90%, reflecting strongly sheared, brecciated, altered and in areas of limestone, karstic ground being drilled (cavities).

  • RC Samples -
    • Both primary and residual samples are weighed to document sample recovery and determine recovery percentages against nominal expected sample weights.
    • The rotary cone sampling unit is adjusted as required to maintain a representative sample volume being collected by a 5.25 inch face sampling hammer.
    • All weighing is completed in the field using a digital scale with tare function.
    • Duplicate samples, standards and blanks are inserted into sample stream to achieve 10% QAQC coverage of sampled material.

Measures taken to maximize sample recovery and ensure representative nature of the samples.

  • Diamond Core -
    • Use of HQ3 and PQ3 triple tube with splits to collect maximum intact core.
    • Inner tubes pumped out with water to prevent core loss and breakage.
    • Use of bentonite commenced with Yakuplu North drilling to improve core recovery through 'caking' of more porous and poorly consolidated lithologies.
    • Drilling of short core runs (1.5m).

  • RC Sample -
    • Monitoring of sample weights and adjusting rotary cone sampling system accordingly to ensure correct weight of primary sample split.
    • Monitoring of reject sample weight versus expected nominal achievable 20kg reject.  Advising driller to modify drilling speed and or hammer rate to produce coarser sample and less fines.
    • Monitoring of outside return to flag excessive fines loss.
    • No wet sampling.
    • Clearing of sample equipment by air burst every metre drilled before progressing to next metre sampled.
    • Manual cleaning of sampling cyclone and rotary cone splitter at end of every hole and during drilling as required to prevent contamination.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

  • No relationship has been identified between sample recovery and grade.

  • Comparisons completed between RC and Diamond sample outcomes from Çöpler District detected no significant assay bias due to sampling / material type bias.

Logging

Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

  • Diamond Drill core was logged in detail for lithology, alteration, mineralization, structure and veining. Data collection is considered to a standard appropriate for Mineral Resource estimation.

  • Diamond Core –
    • Core samples were tested by immersion method at a frequency of 1 determination every 3m for insitu density for all material types for every hole drilled.
    • Point load testing was completed at a frequency of 1 determination in every 3m for all intact core.
    • Detailed geotechnical logging completed on Yakuplu East, Yakuplu Southeast and Bayramdere cored holes capturing data for Fracture Index, RQD and GSI calculation.
    • Samples collected for external metallurgical testwork for Yakuplu East, Yakuplu Southeast and Bayramdere prospects.
    • Samples collected for external transmitted, reflected and SEM petrological determinations of mineralization and waste lithology, textures and alteration.
    • All core photographed wet and dry for reference.

  • RC Chip Samples -
    • RC cuttings were logged for rock type by the mineral composition, mineralization by sulphide and oxide mineral species, alteration and vein mineralogy in sufficient detail to interpret distribution of lithology and mineralization distribution and relative subjective mineral abundances.

  • RC Chip Samples –
    • All RC chip samples analysed on site by ASD XRD PIMA analyser for determination of non-ore mineral species e.g. clays, carbonates, phyllosilicates.  Data used for determination of alteration assemblages, lithology distributions based on geochemistry and location of regolith / transitional boundaries such as BOT, BOCO, TOFR and REDOX.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel etc) photography.

  • Logging is qualitative in nature.
  • Diamond core was photographed both wet and dry.
  • RC chips were photographed for future reference.

The total length and percentage of the relevant intersections logged.

  • All drill holes and RC chips were logged in full.

Sub-Sampling Techniques and Sample Preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

  • Diamond Core –
    • Exploration and Resource diamond core is half core sampled using a manual drop saw to cut to one side of the bottom of core line (where present in competent ground).
    • Half-core with bottom of hole line is retained in the tray.
    • PQ core is used for metallurgical sampling.  ¼ core is used for initial assay. ½ core is dispatched in 1m intervals for metallurgical compositing and testing, ¼ core is retained in tray.
    • HQ triple tube core is used for geotechnical drilling, 10cm complete core segments are extracted for external laboratory testing (UCS, DS).  Core block with sample details is left in core tray.
    • As with geotechnical core, select sampling for petrology is collected from ½ core and a core block with details of sample is inserted into core tray.
    • Soft (clay), poorly consolidated (regolith, oxide) and fragmental samples (fault, shear, breccia materials) are hand split into 1m ½ core samples.

If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

RC samples are drilled using a face sampling hammer with samples collected via a rig side-mounted cyclone and rotary cone splitter.  Samples are collected dry. Occasional moist samples are collected at top of sample intervals following 3m rod changes. Samples remain dry during metre by metre blow-out of contaminants in cyclone and cone splitter. Duplicate samples are collected using a 50/50 Jones riffle splitter at the drill rig.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

  • Industry standard diamond and RC drilling techniques are used (as described above) and are considered appropriate.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

  • For RC drilling, contamination and sample representivity were managed through –
    • Full end of hole clean-out of cyclone and cone splitter.
    • During drilling clean-out of cyclone and splitter when in oxides and clays to prevent caking contamination.
    • Blow-out of all sampling equipment following sampling of each metre and before start of drilling of next metre.
    • Adjustment of rotary cone splitter to maximize sample collected.
    • Weighing of primary and reject samples to measure sample recovery.
    • Varying drill hammer penetration rate to maximize particle size and reduce fine sample loss through outside return.
    • Maintaining a dry sample.

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

  • RC and diamond sampling have 5% of total submitted samples as field duplicates.  With RC samples, a field duplicate is collected through use of a Jones riffle splitter to achieve a 50% primary sample split. With diamond core, quarter core repeats are selected and submitted post- primary sample submission.  A further 5% of samples submitted are "blanks" and "standards" designed to check on laboratory performance during assay (accuracy & precision).  Laboratory QAQC and field duplicates combined represent 10% of material assayed and analysed. 

  • Results to date are within expected industry tolerances for duplicate and laboratory performance.  There is no material bias to report.

Whether sample sizes are appropriate to the grain size of the material being sampled.

  • Sample sizes are considered appropriate to correctly represent the gold mineralization based on: the style of mineralization, the thickness and consistency of the intersections, the sampling methodology and assay value ranges for gold.

Quality of Assay Data and Laboratory Tests

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

  • The fire assay gold analyses undertaken are considered a total assay method. Fire assay gold analysis is an appropriate assay method for this type of deposit.
  • Multi-element analyses of silver, copper, lead and zinc undertaken by four acid digestion via ICP-AES are considered total assay methods except where they exceed the upper detection limit.
  • In cases where samples are overlimit they are re-assayed using a four acid digest with HCI leach, and AAS finish.  These assay methods are considered to be total.
  • For gold assays greater than 3g/t, the fire assay process is repeated with a gravimetric finish for coarse gold.  This is a total assay method.
  • Cyanide leach analysis is completed to determine potential gold leach recoveries when compared against total contained gold.  The cyanide leach analysis is a partial analysis method.

For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

  • TerraSpec 4 desktop ASD PIMA (Portable Infrared Mineral Analyser) spectrometer for detection of alteration (clay mineralogies) was used. The machine is serviced and calibrated annually and used in conjunction with TSG software for conversion of spectral data to mineral data.  PIMA is used on all RC chip samples to create clay and mineralogy models for correlation against alteration logging and geochemically determined lithologies.

Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

  • Industry standard certified reference materials and blanks were utilized in order to check laboratory assay quality control.  Standards and blanks represent 5% of sample submissions (1 in 20 samples, alternating blank and standard).
  • Laboratory visits to SGS Ankara and ACME Labs Ankara are conducted on a quarterly basis.
  • Field duplicates and laboratory coarse crush duplicates (prior to pulverizing) are part of standard process.
  • Sizing checks (dry sieve) on crushed and pulverized samples are reported for all holes at 1 check in every 20 samples.
  • SGS and ACME laboratories report all internal laboratory QAQC outcomes for each hole.
  • Laboratory submits monthly QAQC Report to client.

Verification of Sampling and Assaying

The verification of significant intersections by either independent or alternative company personnel.

  • Intersections were reviewed by the Chief and Senior Exploration Geologists following receipt of the assay results.
  • All assay results are processed and validated by the Senior Data Administrator prior to loading into the database.  This includes plotting standard and blank performances, review of duplicate results.
  • Original assay certificates are issued as PDF for all results and compared against digital CSV files as part of data loading procedure into the database.
  • Geology Manager reviews all tabulated assay data as MAIG QP.

The use of twinned holes.

  • No twin holes were drilled.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

  • All primary data is sent electronically as both PDF and CSV files to a dedicated assay email cabinet with restricted access.
  • Email assay dropbox only receives data.
  • Data within the dropbox is registered and uploaded to DataShed Data Management Software and Geological Database for validation.
  • Data is validated through a series of queries and protocols.
  • All geological data related to drilling, logging and testwork is saved within the Geological database (downhole surveys, collar surveys, collar metadata, logging data, geotechnical data, all assay data).
  • Database is annually audited by external consultants.
  • Database is audited prior to resource estimates.
  • Database is backed up daily and monthly on network and on remote hard drives.
  • Database is copied monthly and sent to Alacer's head office in Denver.

Discuss any adjustment to assay data.

  • Assay adjustments are only made when associated drill hole data cannot be validated e.g. unverified collar locations, identified data entry errors.  All deletions and changes are logged within the database and reported on a monthly basis.

Location of Data Points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

  • Drillhole collar locations were surveyed by both in-house mine surveyors and contract surveyors as part of collar survey validation process.  10% of historic collars are field verified.
  • Diamond and RC drill holes are downhole surveyed by MEMs Gyro, Reflex Multishot and North Seeking Gyro.

Specification of the grid system used.

  • All drill hole collars surveyed in ED 50 grid using differential GPS.

Quality and adequacy of topographic control.

  • Topographic surfaces are prepared from detailed ground surveys and ortho-corrected satellite imagery.  Satellite imagery accurate to <1m contouring. Satellite imagery is current as of 9th August, 2015.

Data Spacing and Distribution

Data spacing for reporting of Exploration Results.

  • Yakuplu East has been drilled to a nominal 25 x 20m spacing and closer in some areas.
  • Yakuplu Southeast has been drilled to a nominal 25 x 25m spacing and 12.5 x 12.5m in test areas for continuity.
  • Bayramdere has been drilled to a nominal 25 x 25m topography permitting.
  • Yakuplu North is being drilled to a nominal 50 x 40m spacing.

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

  • The reported drilling has not been used to prepare Mineral Resource estimates.
  • Drill hole spacing for Yakuplu East, Yakuplu Southeast and Bayramdere are sufficient to define grade continuity, geological continuity, depth and lateral extents of mineralization.
  • Yakuplu North drilling has not as yet achieved a complete or comprehensive 50 x 40m drill hole coverage adequate to define the prospect size either laterally or at depth.  Grade distributions are not as yet established.

Whether sample compositing has been applied.

  • Sample compositing has not been applied.

Orientation of Data in Relation to Geological Structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

  • At Yakuplu East the drilling grid was applied at a right angle to the apparent trend of initially defined N-S trending mineralization. A separate NW trend was then defined.  N-S and NW-SE trends were found to be reflective of shallow dipping mineralization outcropping in N-S and NW-SE trending hillslopes. Given the shallow dipping and plunging nature of mineralization, the E-W drilling grid did not bias sampling of the mineralized structure.  Drill holes were completed at a dip of 60 degrees drilled from W -> E and E -> W.
  • At Yakuplu Southeast, the same initial N-S trend to mineralization defined a W -> E drilling orientation.  As with Yakuplu East, the shallow dipping and plunging nature of the gossan hosted mineralization was not affected by any sampling bias imposed by the drilling grid or orientation and found to be at near right angle to stratigraphy.
  • At Bayramdere the majority of the drill holes are angled to 360 degrees which is perpendicular to the orientation of the mineralized trend.  Mineralised gossans as with Yakuplu East and Yakuplu Southeast are shallow dipping and plunging. Drilled at 60 degrees, the holes provided sufficient coverage to accurately define gossans and provide unbiased sampling of the prospect.
  • At Yakuplu North drill holes are at a near right angle to the main mineralized NW-SE trending shear with holes drilled from NE -> SW at 60 degrees.  No bias in sampling is anticipated.

If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

  • No orientation based sampling bias has been identified in the data.

Sample Security

The measures taken to ensure sample security.

  • Chain of custody is managed by Alacer Gold for Bayramdere, Yakuplu East, Yakuplu Southeast and Yakuplu North through its JV companies Anagold and Kartaltepe.
  • Samples are stored on site until collected for transport to SGS laboratory in Ankara, Turkey by an independent cartage contractor.
  • Alacer Gold personnel have no contact with the samples once they are picked up for transport to the laboratory.
  • Samples for Umpire testwork are transferred directly from SGS Ankara to ACME Labs Ankara using an independent freight carrier.
  • Tracking sheets have been set up to track the progress of samples.
  • All samples are placed into calico bags with sample tickets and clear sample ID numbering on the outside.  Samples are placed inside of labelled polyweave bags holding a maximum 4 samples a bag.

Audits or Reviews

The results of any audits or reviews of sampling techniques and data.

  • External reviews of data and processes relating to these prospects have been completed by independent Resource Consultant Paul Gribble, Cube Consulting and Data RevolutionThere were no adverse material results of the audits.

Section 2 Reporting of Exploration Results




Criteria

JORC Code explanation

Commentary

Mineral Tenement and Land Tenure Status

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

  • The Anagold Yakuplu mineralization (Yakuplu Southeast) is located within mining leases which are owned by Anagold Madencilik (a subsidiary of Alacer Gold) and Lidya Madencilik in joint venture.  Anagold Madencilik has an 80% interest and Lidya Madencilik has a 20% interest in the license areas.

  • Yakuplu Southeast, Yakuplu North and Bayramdere mineralization is located within mining leases which are owned by Kartaltepe Madencilik (a subsidiary of Alacer Gold) and Lidya Madencilik in joint venture.  Both companies have a 50% interest in the license areas.

The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

  • The licenses are in good standing with no known impediment to future grant of a mining permit.

Exploration Done by Other Parties

Acknowledgment and appraisal of exploration by other parties.

  • At Bayramdere and Yakuplu, small scale open pit mining has occurred in the past for iron ore which is also an indicator for gold mineralization.

Geology

Deposit type, geological setting and style of mineralization.

  • The Çöpler District hosts various styles of mineralization, mainly epithermal, skarn and porphyry style gold and gold-copper mineralization.
  • The Yakuplu East, Yakuplu Southeast and Bayramdere deposits are ophiolite – limestone – diorite contact gossan style mineralization with strong epithermal overprints.  The prospects can be classified as Fe-Au-Cu-Ag dominated with strong structural controls on distribution of mineralization and porphyry tendencies when associated with diorites.
  • The Yakuplu North deposit is strongly shear zone constrained with strong epithermal characteristics and grade association with intrusive diorite dykes. As with the other prospects the mineral association is dominantly Fe-Au-Cu-Ag.

Drill hole Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

  • easting and northing of the drill hole collar
  • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar
  • dip and azimuth of the hole
  • down hole length and interception depth
  • hole length.

If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

  • The locations and mineralized intersections for all holes completed are reported in Appendix 1 of this release.

Data Aggregation Methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

  • Exploration results are reported as length weighted averages of the individual sample intervals.
  • No high-grade cuts have been applied to the reporting of exploration results.

Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

  • Zones of particularly high-grade gold mineralization have been separately reported in Appendix 1.

The assumptions used for any reporting of metal equivalent values should be clearly stated.

  • No metal equivalent values have been used.

Relationship between Mineralization Widths and Intercept Lengths

These relationships are particularly important in the reporting of Exploration Results.

If the geometry of the mineralization with respect to the drill hole angle is known, its nature should be reported.

If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

  • At Bayramdere, the majority of drill holes are angled to 360 degrees which is almost perpendicular to the orientation of a well defined mineralized trend and true width is approximately 70 to 90% of down hole intersections.

  • At Yakuplu East and Yakuplu Southeast, the drill holes are angled to the East at dominantly 60 degrees based on an initial apparent N-S trend. The mineralization is generally shallow dipping and plunging resulting in true widths of downhole intercepts being approximately 60 to 80% of down hole intersections.

  • At Yakuplu North the mineralization strikes ~NW-SE with dip of ~80 degrees to the NE.  Drilling is to the SW at 90 degrees to strike with drilling intercepts representing 40 to 60% of true width.

Diagrams

Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

  • Relevant diagrams have been included within the main body of text.

Balanced Reporting

Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

  • All exploration results from these drilling programs have been reported.

Other Substantive Exploration Data

Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

  • Metallurgical test results indicate that Yakuplu East, Yakuplu Southeast and Bayramdere oxide mineralization have similar recovery characteristics to Çöpler Deposit ores and could be processed through the Çöpler processing plant (heap leach).

Further Work

The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

  • No further drilling is planned for Bayramdere, pending completion of JORC and NI 43-101 compliant estimation and public reporting.  Further geotechnical analysis, hydrogeological testwork, engineering study and sensitivity analysis is to be completed.  Potential remains to extend exploration westward.

  • No further drilling is planned for Yakuplu Southeast as the majority of the shallow deposit has been defined within its hilltop geographic constraint. Yakuplu Southeast is being advanced to JORC and NI 43-101 compliant estimation and public reporting. Further geotechnical analysis, hydrogeological testwork, engineering study and sensitivity analysis is to be completed.

  • Yakuplu East is still an active development project with gossan as yet to be closed-off to the North and Northwest.  Drilling is planned in 2016 to follow-up on this potential.  As with Yakuplu Southeast, Yakuplu East is being advanced to JORC and NI 43-101 compliant estimation and public reporting. Further geotechnical analysis, hydrogeological testwork, engineering study and sensitivity analysis is to be completed.

  • Yakuplu North is an active growth project with scale of mineralized system, strike and depth extent, and grade continuity being defined. Multiple diamond drill rigs and an RC rig are working through 2015 into 2016 to complete an initial 50 x 40m pattern of drilling across a 700m strike extent of mineralized shear.  A further 300m strike step-out along the Yakuplu North shear is planned for 2016 to the southeast.

_______________________________________
1
See Alacer announcement "Alacer Announces Exploration Results in Turkey", dated September 15, 2014 on the Company's website at www.alacergold.com, on the ASX at www.asx.com.au, or on SEDAR at www.sedar.com.
2 See Alacer announcement "Alacer Announces Exploration Results in Turkey", dated September 15, 2014 on the Company's website at www.alacergold.com, on the ASX at www.asx.com.au, or on SEDAR at www.sedar.com.
3 All-in Sustaining Costs are a non-IFRS financial performance measure with no standardized definition under IFRS. For further information and a detailed reconciliation, please see the "Non-IFRS Measures" section of the MD&A for September 30, 2015.

SOURCE Alacer Gold Corp.

Image with caption: "Çöpler District Prospects & Tenements (CNW Group/Alacer Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20151209_C7599_PHOTO_EN_561052.jpg

Image with caption: "Yakuplu Southeast Prospect Plan - showing location of key drilling results from September 1, 2014 to November 18, 2015. Yellow outline defines >0.3g/t Au distribution projected to surface. Purple outline defines >1.0g/t Au distribution projected to surface. (CNW Group/Alacer Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20151209_C7599_PHOTO_EN_561054.jpg

Image with caption: "Yakuplu Southeast Prospect Section - showing examples of key drilling results from September 1, 2014 to November 18, 2015. Peach colored gossans host the majority of gold mineralization and are flat lying. Note mineralization occurrence at lithology contacts. (CNW Group/Alacer Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20151209_C7599_PHOTO_EN_561056.jpg

Image with caption: "Yakuplu East Prospect Plan - showing location of key drilling results from September 1, 2014 to November 18, 2015. Yellow outline defines >0.3g/t Au distribution projected to surface. Purple outline defines >1.0g/t Au distribution projected to surface. (CNW Group/Alacer Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20151209_C7599_PHOTO_EN_561058.jpg

Image with caption: "Yakuplu East Prospect Section - showing drilling results from September 1, 2014 to November 18, 2015. Note historic iron ore pit at center. (CNW Group/Alacer Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20151209_C7599_PHOTO_EN_561060.jpg

Image with caption: "Yakuplu North Prospect Plan - showing location of key drilling results from September 1, 2014 to November 18, 2015. Yellow outline defines >0.3g/t Au distribution projected to surface. Purple outline defines >1.0g/t Au distribution projected to surface. (CNW Group/Alacer Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20151209_C7599_PHOTO_EN_561062.jpg

Image with caption: "Yakuplu North Prospect Section - showing drilling results from September 1, 2014 to November 18, 2015 on Section NW700. Early interpretation based on nominal widespaced 50m x 40m drilling. RC holes have been used to precollar holes with diamond core tails to reach targets to +200m below surface. (CNW Group/Alacer Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20151209_C7599_PHOTO_EN_561064.jpg

Image with caption: "Bayramdere Prospect Plan - showing location of key drilling results from September 1, 2014 to November 18, 2015. Yellow outline defines >0.3g/t Au distribution projected to surface. Purple outline defines >1.0g/t Au distribution projected to surface. (CNW Group/Alacer Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20151209_C7599_PHOTO_EN_561066.jpg

Image with caption: "Bayramdere Prospect Section - showing drilling results from September 1, 2014 to November 18, 2015. High grades are localized at the center of the iron rich gossan. (CNW Group/Alacer Gold Corp.)". Image available at: http://photos.newswire.ca/images/download/20151209_C7599_PHOTO_EN_561068.jpg

For further information: on Alacer Gold Corp., please contact: Lisa Maestas - Director, Investor Relations at +1-303-292-1299

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Alacer Gold Corp.

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