Alacer Gold announces 23% increase of Higginsville Mineral Reserve estimate to 875,000 ouncesCanada NewsWireENGLEWOOD, CO, Feb. 6, 2012ENGLEWOOD, CO, Feb. 6, 2012 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Company") [TSX:ASR, ASX:AQG] announces updated Mineral Resource and Reserve estimates for its Higginsville Gold Operations in Australia. The Mineral Reserve estimate has increased by 164,000 ounces (net of mining depletion over 18 months) to 7.9 million tonnes at 3.5g/t gold, containing 875,000 ounces, as
Edward Dowling, President and CEO of Alacer, stated "This updated Higginsville Reserve is the culmination of extensive drilling and other work since July 2010. The net increase of 164,000 ounces is quite significant considering that the Higginsville Gold Operations produced more than 230,000 ounces of gold during the 18 months to December 2011.The increased reserves are largely due to down-plunge extensions of the Trident orebody. The Trident Reserve was about 500,000 ounces when mining started four years ago, more than 500,000 ounces have now been produced from Trident, and the Trident reserve remains more than 500,000 ounces.
detailed in the table below.
Read more: http://www.digitaljournal.com/pr/573827#ixzz1lcRKjURe
Edward Dowling, President and CEO of Alacer, stated "This updated Higginsville Reserve is the culmination of extensive drilling and other work since July 2010. The net increase of 164,000 ounces is quite significant considering that the Higginsville Gold Operations produced more than 230,000 ounces of gold during the 18 months to December 2011.The increased reserves are largely due to down-plunge extensions of the Trident orebody. The Trident Reserve was about 500,000 ounces when mining started four years ago, more than 500,000 ounces have now been produced from Trident, and the Trident reserve remains more than 500,000 ounces.
detailed in the table below.
Read more: http://www.digitaljournal.com/pr/573827#ixzz1lcRKjURe
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