- Positive gold results have been returned from a recent diamond drilling program at Alacer Gold’s Ardich Gold project
- Step-out drilling program is aimed to define the extent of the mineralisation
- An interim resource update is currently underway with an expected release in late 2019
Alacer Gold has received positive results from the diamond drilling program at its Ardich Gold project in Turkey.
In April 2019, Alacer announced a maiden indicated and inferred mineral resource of 639,000 ounces and 96,000 ounces from the first 100 diamond core holes from Ardich.
An additional 34 holes were also drilled and reported on which extended the mineralised strike over 1200 metres.
These new holes are located to the west, east and southeast of Ardich and the majority of these holes intersected oxide gold mineralisation, with many impressive grades.
Some of the results include 7 metres at 11.74g/t gold from 119.7 metres, 10.6 metres at 10.03g/t gold from 133.1 metres, and 10.3 metres at 8.04g/t gold from 148.7 metres.
“This is another exciting set of drill results for Ardich and more than doubles the mineralised strike length,” CEO Rod Antal commented.
“We are continuing the step-out drilling program and expect that the mineralisation will continue and become shallower to the southeast.”
The objective of this ongoing exploration program is to first define, by step-out drilling, the extent of the mineralisation.
Once a the mineralised system dimensions and geology are better understood a more comprehensive infill drilling program will be started with the aim of defining an expanded resource and a reserve estimate.
The Ardich Project is characterised by the development of gold mineralised dolomite rock units.
This gold mineralisation is closely associated with low angle fault zones which are intruded by a series of microdiotric dykes. It is also predominantly in the form of oxide with sulphide mineralisation confirmed to limited sections.
Based on the latest drill data, the main mineralisation zones appear to be flat-lying with small displacements due to normal faulting.
Alacer is now in the process of preparing an interim resource update which is expected to be released in late 2019.