Alacer Gold produces 421,204 oz Au in 2011

Alacer Gold Corp. was formed following the successful merger of Anatolia Minerals Development, a TSX listed company and Avoca Resources Limited, Australia's third largest ASX listed gold producer. The merger was completed on February 18, 2011.

Through the merger, Alacer Gold has emerged as a leading intermediate gold producer and explorer with a globally diversified asset portfolio in Australia and Turkey. With gold reserves currently totalling 5.9 million ounces, Alacer Gold is forecasting gold production of 600,000 ounces in CY2013 and 800,000 ounces in CY2015.

Alacer Gold holds an attractive portfolio of large, long-life operating mines, with strong inherent value, enhancement and production growth prospects, underpinned by sound development projects and exploration projects, all led by an accomplished management team.

This is the CEO On BNN Click Here

Insider sales:

2012-01-24 09:13 ET - News Release

Mr. Edward Dowling reports

ALACER GOLD ANNOUNCES FOURTH QUARTER MINE PRODUCTION AND 2012 GUIDANCE

Alacer Gold Corp. has released fourth quarter 2011 mine production from Australia and Turkey, and its 2012 guidance. The fourth quarter financial statements, and management discussion and analysis will be released on or about March 21, 2012.

                                   HIGHLIGHTS                                                                                               Q4 gold production   2011 gold production     2012 guidance                                 (ounces)               (ounces)     (000s ounces)  Copler                           57,800                185,418        180 to 190 Higginsville                     34,263                146,323        150 to 155 South Kalgoorlie1                21,798                 89,463          90 to 95 Total                           113,861                421,204        420 to 440 Total -- attributable*          110,971                411,933        384 to 402  * Attributable production reflects Alacer Gold's 95-per-cent   ownership of Copler during 2011 and 80-per-cent ownership    of Copler during 2012. 

Highlights

• Fourth quarter gold production totalled 113,861 ounces, a 1-per-cent increase over the previous quarter.
• Full-year gold production exceeded 2011 guidance and totalled 421,204 ounces.
• The Copler gold mine continued its exceptional ramp-up over its first year with gold production increasing 9 per cent to 57,800 ounces for the quarter.
• Copler produced 185,418 ounces during 2011, exceeding its nominal design rate of 180,000 ounces per year.
• Lidya Mining announced its intention in late December, 2011, to exercise its option to increase its ownership of Copler from 5 per cent to 20 per cent. As previously announced, the closing of that transaction occurred in early January, 2012.
• Gold production from the Higginsville operations decreased 2 per cent to 34,263 ounces of gold for the quarter as higher throughput was largely offset by a lower head grade.
• The South Kalgoorlie operations (SKO) produced 21,798 ounces of gold for the quarter. This 11-per-cent decrease over the previous quarter was mainly due to lower-grade ore mined, slightly offset by increased tonnes from the Frog's Leg mine.
• In October, 2011, Alacer's board of directors approved a $25-million budget for the first stage of expanding the South Kalgoorlie operations.
• Alacer Gold was the best-performing stock in the S&P/TSX materials index during 2011 with the company's share price increasing 36 per cent during the year.
• Group gold production for 2012 is forecast to be 420,000 to 440,000 ounces at a cash operating cost of $575 to $600 per ounce and a total cash cost of $668 to $693 per ounce.

Full Report Is Here

http://www.alacergold.com/

Break

House Positions for C:ASR from 20120124 to 20120124

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
85 Scotia	177,760	1,774,217	9.981	8,673	88,095	10.157	169,087	-1,686,122
65 Goldman	141,100	1,373,864	9.737	0			141,100	-1,373,864
2 RBC	217,389	2,147,580	9.879	129,584	1,314,333	10.143	87,805	-833,247
90 Barclays	80,500	819,222	10.177	14,800	149,440	10.097	65,700	-669,782
14 ITG	31,862	312,381	9.804	4,400	44,087	10.02	27,462	-268,294
123 Citigroup	14,300	137,954	9.647	0			14,300	-137,954
7 TD Sec	75,306	742,085	9.854	61,950	600,483	9.693	13,356	-141,602
61 Cantor Fitz	10,000	102,202	10.22	0			10,000	-102,202
83 Mackie	9,000	90,663	10.074	0			9,000	-90,663
27 Dundee	4,400	44,440	10.10	0			4,400	-44,440
101 Newedge	2,500	26,201	10.48	100	962	9.62	2,400	-25,239
45 Loewen	2,000	19,240	9.62	0			2,000	-19,240
102 Lakeshore	1,650	16,949	10.272	0			1,650	-16,949
95 Wolverton	1,200	11,832	9.86	0			1,200	-11,832
81 HSBC	700	6,699	9.57	0			700	-6,699
57 Interactive	45	436	9.689	0			45	-436
21 Brockhouse	0			5	50	10.00	-5	50
46 Macquarie	0			155	1,584	10.219	-155	1,584
124 Questrade	0			940	9,046	9.623	-940	9,046
52 NCP	31,378	313,727	9.998	34,262	344,057	10.042	-2,884	30,330
73 Cormark	0			5,300	54,272	10.24	-5,300	54,272
74 GMP	490	4,645	9.48	7,400	71,058	9.602	-6,910	66,413
16 Paradigm	0			9,200	89,900	9.772	-9,200	89,900
72 Credit Suisse	600	5,784	9.64	11,800	117,003	9.916	-11,200	111,219
53 Morgan Stanley	32,200	319,774	9.931	47,200	455,211	9.644	-15,000	135,437
33 Canaccord	1,100	11,223	10.203	23,590	249,380	10.571	-22,490	238,157
13 Instinet	0			25,966	251,562	9.688	-25,966	251,562
39 Merrill Lynch	50,600	495,356	9.79	80,400	803,843	9.998	-29,800	308,487
11 MacQuarie	43,800	416,925	9.519	79,200	753,184	9.51	-35,400	336,259
80 National Bank	98,500	1,015,883	10.314	136,300	1,385,148	10.162	-37,800	369,265
15 UBS	124,600	1,299,316	10.428	181,900	1,852,895	10.186	-57,300	553,579
79 CIBC	245,480	2,436,662	9.926	315,700	3,199,132	10.133	-70,220	762,470
1 Anonymous	338,100	3,371,491	9.972	421,500	4,132,823	9.805	-83,400	761,332
9 BMO Nesbitt	123,480	1,243,846	10.073	259,715	2,593,049	9.984	-136,235	1,349,203
TOTAL	1,860,040	18,560,597	9.979	1,860,040	18,560,597	9.979	0	0

Alacer Gold Corp
Symbol	C : ASR
Shares Issued	279,020,533
Close 2012-01-23	C$ 10.90

Short History

		Symbol	Report Date	Volume	Change	% of Float
		ASR - T	2012-01-15	13,521,383	-289,846	4.85
		ASR - T	2011-12-31	13,811,229	-113,220	4.95
		ASR - T	2011-12-15	13,924,449	108,008	4.99
		ASR - T	2011-11-30	13,816,441	-114,561	4.95
		ASR - T	2011-11-15	13,931,002	1,063,639	5.02
		ASR - T	2011-10-31	12,867,363	517,545	4.64
		ASR - T	2011-10-15	12,349,818	1,032,752	4.45
		ASR - T	2011-09-30	11,317,066	919,237	4.08
		ASR - T	2011-09-15	10,397,829	307,234	3.75
		ASR - T	2011-08-31	10,090,595	782,500	3.63
		ASR - T	2011-08-15	9,308,095	254,192	3.35
		ASR - T	2011-07-31	9,053,903	281,719	3.26

Analyst Information for Alacer Gold Corp. $ 10.21 -0.69 (-6.33%) Volume: 597.93 k 11:51 AM EST Jan 24, 2012

Consensus Rating Average Consensus Rating for T.ASR is MODERATE BUY Since many brokers have different rating systems, we maintain a standard system with an assigned numeric value from 1 to 5. Ratings are a translation of brokers' recommendations to the recommendation scale, which ranges from a rating of 1 (a strong buy) to a rating of 5 (a strong sell). Rating Scale Strong Buy 1.0 - 1.5 Moderate Buy 1.6 - 2.5 Hold 2.6 - 3.5 Moderate Sell 3.6 - 4.5 Strong Sell 4.6 - 5.0

Consensus Rating Details Current Average Recommendation 1.83 Previous Average Recommendation 2.00 Change in Average Recommendation -0.17 Number of Analysts Reporting 6 Strong Buy 1.0 Current: 1.83 Previous: 2.00 Change: -0.17 Strong Sell 5.0

Consensus Rating Industry Comparison Industry: MINING-GOLD Number of companies in industry with recommendations 144 Rank Recommendation relative to companies in its industry 41 Ranked 41 in Industry 1144 MINING-GOLD

Analyst Recommendations Analysts recommending Strong Buy 3 Analysts recommending Moderate Buy 1 Analysts recommending Hold 2 Analysts recommending Moderate Sell 0 Analysts recommending Strong Sell 0

Recommendations History Current 1 Month Ago 2 Months Ago 3 Months Ago Strong Buy 3 2 2 2 Moderate Buy 1 1 1 2 Hold 2 2 2 2 Moderate Sell 0 0 0 0 Strong Sell 0 0 0 0 Mean Rec. 1.83 2.00 2.00 1.92

Close Prices Last 3 Months

Price/volumes not adjusted for restructures

Date	Ex	Sym	Open	High	Low	Close	Chg	Total Vol	#Tr	Bid	Ask		T-TSX		A-Alpha		X-Chi-X		P-Pure		O-Omega		M-TriAct		L-LiquidNet		E-TMX Select
2012-01-23	T	ASR	10.80	10.96	10.66	10.90	0.16	3,129,621	8,112	10.88	10.94		2,306,025		359,796		279,200		67,300		3,500		72,300				41,500
2012-01-20	T	ASR	10.90	10.95	10.55	10.74	-0.01	1,429,372	5,614	10.71	10.75		788,872		344,100		183,500		60,600		3,800		2,000				46,500
2012-01-19	T	ASR	10.75	10.85	10.70	10.75	0.06	944,843	3,960	10.71	10.77		580,412		180,031		139,300		21,400		2,600		16,700				4,400
2012-01-18	T	ASR	10.93	10.93	10.63	10.69	-0.26	666,019	3,296	10.69	10.72		500,906		64,113		75,600		7,800		2,500		10,400				4,700
2012-01-17	T	ASR	11.38	11.40	10.67	10.95	-0.26	646,042	3,338	10.93	10.95		411,319		60,644		115,700		14,679		4,100		36,700				2,900
2012-01-16	T	ASR	11.14	11.32	11.14	11.21	-0.06	332,207	828	11.15	11.21		224,007		50,200		19,800		3,400				33,700				1,100
2012-01-13	T	ASR	11.29	11.35	11.06	11.27	-0.03	397,108	2,176	11.27	11.29		268,224		49,984		49,700		8,700		2,500		17,100				900
2012-01-12	T	ASR	10.96	11.38	10.96	11.30	0.29	727,604	3,128	11.23	11.30		509,204		111,600		81,800		8,000		1,400		15,100				500
2012-01-11	T	ASR	10.98	11.01	10.90	11.01	0.08	502,947	3,127	10.98	11.02		303,355		100,992		67,900		9,100		1,700		15,900				4,000
2012-01-10	T	ASR	11.30	11.47	10.93	10.93	-0.35	765,069	4,666	10.92	10.98		471,880		118,189		100,700		16,900		1,500		54,700				1,200
2012-01-09	T	ASR	11.07	11.45	11.07	11.28	0.16	323,230	1,996	11.26	11.28		193,430		52,400		42,200		10,200		1,200		20,200				3,600
2012-01-06	T	ASR	11.09	11.39	11.01	11.12	0.11	360,797	1,895	11.10	11.19		157,393		127,304		60,800		3,000		200		11,800				300
2012-01-05	T	ASR	11.00	11.06	10.82	11.01	-0.03	310,967	1,765	10.99	11.03		194,783		34,884		52,600		7,700		200		19,500				1,300
2012-01-04	T	ASR	10.77	11.08	10.71	11.04	0.31	461,407	3,144	11.01	11.04		302,951		55,256		76,700		5,300		800		18,300				2,100
2012-01-03	T	ASR	10.54	10.85	10.46	10.73	0.24	487,975	3,293	10.66	10.75		315,258		66,017		61,400		8,800		1,400		33,200				1,900
2011-12-30	T	ASR	10.50	10.57	10.39	10.49	-0.03	365,117	2,435	10.46	10.50		226,917		49,000		80,100		7,300		600		900				300
2011-12-29	T	ASR	10.28	10.58	10.13	10.52	0.24	537,175	3,578	10.46	10.53		301,628		83,147		89,900		9,800		6,300		43,200				3,200
2011-12-28	T	ASR	10.95	11.01	10.28	10.28	-0.80	476,878	3,288	10.26	10.30		254,478		66,000		118,900		11,000		8,600		16,000				1,900
2011-12-23	T	ASR	11.13	11.24	11.02	11.08	-0.05	315,942	2,358	11.08	11.14		181,942		37,300		88,300		5,300		2,200		800				100
2011-12-22	T	ASR	10.90	11.13	10.90	11.13	0.29	741,181	3,884	11.06	11.13		536,275		69,306		114,400		3,500		900		16,600				200
2011-12-21	T	ASR	10.80	11.02	10.66	10.84	0.04	694,143	5,458	10.80	10.85		387,031		80,812		193,800		8,800		2,600		18,600				2,500
2011-12-20	T	ASR	10.33	10.86	10.33	10.80	0.52	599,934	3,301	10.73	10.80		390,774		88,260		96,600		5,200		2,000		12,700				4,400

Alacer Gold drills 2.35 m of 658 g/t Au at Higginsville


2012-01-24 09:31 ET - News Release


Mr. Edward Dowling reports

ALACER'S EXPLORATION UPDATE HIGHLIGHTED BY 658G/T GOLD INTERSECTION AT HIGGINSVILLE

Alacer Gold Corp. has released results from the company's 2011 drilling program in Australia and Turkey. To view the complete drill assay results, maps and sections relating to this news release, please visit the Company's website.

Highlights - Exploration in Australia

Drilling intersected laminated quartz veins containing 2.35m @ 658g/t Au from 181.1m and 1.9m at 225.2g/t Au from 201.5m at the newly discovered Corona Prospect, 2.5km south of the Higginsville Processing Plant and 1km east of the Vine Pit.

Shallow, high-grade drilling results continue to be recorded from the SBS28 complex at South Kalgoorlie.

Final infill drilling of the Mt Marion West Lode at South Kalgoorlie confirmed continuity of mineralization over a 600m vertical extent.

Wide-spaced drilling below the current area of scope for the HBJ South Feasibility Study area has indicated further drilling is warranted to test this large mineralized system at depth.

Highlights - Exploration in Turkey

More than 50km of drilling was completed at A Aparagraphpler during 2011.

Significant extensions to the A Aparagraphpler Main Zone continue to be returned:

Shallow high-grade mineralization intersected over 100m west of the current sulfide resource boundary. Results include 7m @ 34.4g/t Au from 3m in CRC851, 37m @ 3.3g/t Au from 29m in CRC812 and 22m @ 2.7g/t Au from 70m in CRC828.

Depth extensions to the Southern Main Zone resource boundary over a strike length of 500m. Results include 20.6m @ 6.9g/t Au from 231.9m in CDD277, 34m @ 2.6g/t Au from 175.5m in CDD316 and 15m @ 4.6g/t Au from 180.8m in CDD322.

Depth extensions up to 100m below the current Main Zone resource boundary. Results include 72.5m @ 1.8g/t Au from 198.5m in CDD325, 26.5m @ 3.4g/t Au from 292m in CDD292, 41m @ 2.8g/t Au from 127.7m in CDD311, and 24.3m @ 3.1g/t Au from 174.1m in CDD315.

Drilling within 250m of the old A Aparagraphpler Village at the northern end of Main Zone returned 28.0 m @ 6.7 g/t Au from 264 m depth in CDD289 and 51m @ 1.5g/t Au from 99m in CRC825.

Angled infill reverse circulation ("RC") drilling at Marble Contact Zone at A Aparagraphpler indicates narrower, but much higher grade mineralization than currently modeled. Results include 87m @ 11.8g/t Au from surface in CRC847, 30m @ 14.3g/t Au from 1m in CRC835 and 24m @ 10.3g/t Au from 9m in CRC836.

Four diamond drill rigs are testing the Karakartal porphyry gold-copper deposit, located 12km southeast of A Aparagraphpler.

Following the successful exploration efforts during 2011, Alacer's exploration expenditure is forecast to increase to $58 million for 2012. This expenditure is split between A Aparagraphpler ($10 million), Turkey Regional ($14 million), Higginsville ($16 million) and South Kalgoorlie ($18 million). Forecast exploration expenditures are provided on a 100% basis and Alacer's share of A Aparagraphpler expenditures are 80% and Turkey Regional expenditures are 50%.

Edward Dowling, President and CEO of Alacer, stated "The high-grade discovery at Higginsville's Corona Prospect is a very positive affirmation of our systematic approach to exploring Alacer's large tenement holdings in Australia's richest gold belt - the Kalgoorlie to Norseman gold belt. The progress made during 2011 has Alacer poised for a potential major discovery in Australia during 2012.

Drilling of Alacer's A Aparagraphpler orebody in Turkey continues to extend gold mineralization in several directions and demonstrate that this deposit is truly world class.

We are working towards releasing a Group Resource & Reserve Statement and also an updated A Aparagraphpler resource estimate based on assays received before October 2011."

Higginsville Exploration

The Higginsville exploration program is focused on discovering a large gold deposit similar to the Trident orebody (>1 million ounces). Drilling during 2011 focused on the Higginsville Line of Lode Framework drilling and on regional targets at Challenge, Nawock, Lake Cowan and North Higginsville.

Discovery at Corona Prospect

As part of the Higginsville framework drilling program, diamond drillhole VIND047 intersected 2.35 @ 658g/t gold from 181.1m downhole at the Corona Prospect. Abundant free gold was present over the entire width of a laminated quartz vein which also contained arsenopyrite and galena. The nature of the mineralization is identical to the high-grade Athena and Artemis lodes within the Trident orebody and the high-grade Two Boys mine located immediately to the north.

The Corona Prospect is located approximately 1km east of the Vine Pit and only 2.5km south of the Higginsville Processing Plant.

The VIND047 intersection sits 100m east of a north-south trending >0.5g/t regolith anomaly that is 400m long, which was defined by shallow rotary air blast ("RAB") and RC drilling. The laminated quartz vein sits 80m into the footwall of the Poseidon thrust fault in a basalt host rock.

Two follow-up drillholes were recently completed that aimed to intersect this vein 65m up dip and 27m down dip. The hole above intersected a barren shear zone and the hole below intersected 1.9m @ 225.2g/t Au from 201.5m in a vein with coarse visible gold, galena and arsenopyrite. This indicates that the vein dips approximately 70 degrees to the east and that downhole thickness approximates 70% true width.

The VIND047 intersection is the second best drill result in Higginsville's history. The results for each interval assayed within this intersection are tabulated below and show the consistency of high-grade mineralization across the vein. Drilling will continue to follow-up these intersections at the Corona Prospect with the vein open to the north, south and at depth.

Hole IDNorthing (m)Easting (m)Dip/ AzimuthFrom (m)To (m)Interval (m) Grade (g/t gold)
VIND047 6485980 379800 -60/270 181.1 183.45 2.35 657.9
including: 181.1 182 0.9 586.0
182 183 1.0 670.3
183 183.45 0.45 774.0
VIND048 6485980 379797 -55/270 123 130 Shear only - assays awaited
VIND049 6485980 379802 -68/270 201.47 203.37 1.90 225.2


Higginsville Line of Lode Exploration

Gold deposits in the Higginsville area are predominantly hosted by particular stratigraphic rock units. A 'framework drilling' program of deeper diamond drillholes is being carried out with the objectives of:

systematically building up knowledge of the stratigraphy and structure
to a depth of approximately 800m along the 6km-long Higginsville Line
of Lode; and

'mapping' the prospective stratigraphic units in 3D to better target
future drilling at depth.
Framework drilling is being carried out on lines 800m apart and comprising fences of scissor holes. This program will require approximately 30,000m of drilling in 30 holes in 2012 and will take another six months to complete.

This systematic approach reflects the Company's assessment that another major orebody similar to Trident is likely to be found along the Higginsville Line of Lode beneath one of the gold deposits that were historically mined via small open pits.

The Higginsville framework drilling completed by the end of 2011 totaled approximately 18,000m of diamond drilling. The framework program during 2H 2011 focused on three east-west sections - Two Boys, Fairplay and Vine, all located south of Poseidon South on approximate 800m spaced sections. Areas of thickened ultramafic (at Two Boys) and thickened gabbro (Fairplay and Vine) have been identified, with several structures of interest intersected. Three dimensional modeling of these rock units and structure will assist in targeting positions likely to host large gold orebodies.

Significant gold mineralization was discovered during the 2011 Higginsville Framework drilling, particularly on the Vine section. Several laminated quartz veins have been intersected:

VIND047 intersected a 2.35m thick (1.6m estimated true thickness) laminated quartz vein with arsenopyrite, galena and abundant free gold as described above.

VIND047 also intersected a 1.75m thick (1.2m estimated true thickness) laminated quartz vein at 1,090m, with accessory arsenopyrite with free visible gold observed in a 7m wide shear zone in gabbro. Assays are awaited.

VIND039, located 400m to the west of VIND047 intersected a 1.5m thick (1.0m estimated true thickness) laminated quartz vein with accessory pyrite with free visible gold observed at approximately 965m. Assays are awaited.

VIND046 intersected a 1.5m thick (1.0m estimated true thickness) laminated quartz vein containing arsenopyrite within a shear in gabbro. Assays are awaited.

HITD014, intersected a 2.65m thick (2.0m estimated true thickness) laminated quartz vein with accessory arsenopryite, pyrrhotite and scheelite in a strong shear zone at 668.7m. Assay results returned 4.2m @ 1.1g/t from 425m.

Tabulated below are assay results received during 2H 2011 from the Higginsville Line of Lode Framework Drilling program.


Hole ID Northing (m) Easting (m) Dip/ AzimuthFrom (m)To (m) Interval (m)Grade (g/t gold)
Framework - Fairplay Cross-Section
HIFD051 6486860 379500 -55 / 270 744.15 746 1.9 0.13
749.5 756 6.5 0.37
765 769.8 4.8 0.38
HIFD054 6486875 380375 -65 / 266 611 612 1.0 1.17
637 639.5 2.5 0.65
648 649 1.0 0.47
968.0 969.0 1.0 2.53
HIFD055 6486910 379953 -60 / 270
Framework - Two Boys Cross-Section
HITD011 6487800 380150 -72 / 270 694 696 2.0 0.41
1008.25 1008.75 0.5 1.41
1040 1041 1.0 0.50
HITD012 6487785 379100 -60 / 266 74.35 77 2.7 1.51
79.5 80.4 0.9 0.95
532 536.6 4.6 0.60
HITD013 6487800 379500 -60 / 268
HITD014 6487800 379900 -60 / 268 425 429.2 4.2 1.12
431 432 1.0 0.93
Framework - Vine Cross-Section
VIND039 6486000 379400 -60/270
VIND047 6485980 379800 -60/270 181.1 183.45 2.4 657.9
1089.75 1091.5 1.8
VIND046 6485990 380249 -60/270


Other Higginsville Exploration

During 2H 2011, a substantial regional exploration program continued across Alacer's large tenement holding at Higginsville. Drilling is targeting the identification of anomalies at the scale associated with the Trident, Chalice or Frog's Leg orebodies.

Drilling continued to test multiple early-stage targets in the Challenge region (~10 km southeast of the Higginsville processing plant), Nawock (~20km southeast), Higginsville North (~5 to ~20km north) and Lake Cowan (~15km east). A significant backlog of assay results is expected to be returned during Q1 2012.

Grab samples results taken around historical mine workings at Eundynie (15km east of the Higginsville Plant) have returned significant values of >7g/t gold. Further work is required to investigate the gold potential of the Eundynie area.

RC drilling was undertaken in the Fairplay area to assist with assessing the potential for a larger open pit than currently planned. Results from this program are being integrated into an updated resource estimate for the Fairplay area.

Planned 2012 Higginsville Exploration

The Higginsville 2012 exploration budget is $16 million (2011: $17 million) and is broadly allocated as follows:

45% for Higginsville Line of Lode;

35% for the Challenge area; and

20% for core regional focus areas.
The objective of the Higginsville 2012 exploration program is to deliver high-margin ounces into the Life-of-Mine Plan. There is a significant shift a focus from resource extension drilling in previous years to the majority of expenditure being allocated to targeting a new high grade discovery.

South Kalgoorlie Exploration

South Kalgoorlie exploration during 2H 2011 focused on testing the underground potential at White Hope, HBJ and Mt Marion and testing for extensions at the Shirl-Barbara-Surprise-Pit28 ("SBS28") complex. Drilling also commenced at Mt Martin and sterilization drilling was undertaken at the Peaceful Gift/Chief's Lode and Pernatty/TNT areas to the north of the HBJ Pit.

Mt Marion West Exploration

Located 18km west of the Jubilee processing plant, Mt Marion is an underground mine that produced approximately 650,000 ounces of gold between 1997 and 2007 to a vertical depth of 800m. The Mt Marion West Lode was mined at a depth of approximately 650m below surface over a 140m vertical distance.

An infill RC and diamond drilling program at Mt Marion West during 2H 2011 has improved confidence in the current resource model. The program included geotechnical drilling for the Mt Marion West Feasibility Study which is currently assessing the viability of an underground mine at Mt Marion West and due for completion in March 2012.

White Hope Exploration

White Hope is a historical underground mine that has produced more than 75,000 ounces at a head grade of 7.5g/t Au. Five diamond drillholes were completed during 2H 2011 with the aim of testing the potential beneath the old workings at White Hope. Initial results were disappointing, with further analysis required to understand the next phase of drill planning. Shallow mineralization on the Hansel-Mundy lode, located 150m to the east of White Hope, remains an additional key exploration target.

HBJ Exploration

An initial phase of wide-spaced drilling was completed during 2H 2011 at the southern end of the existing HBJ Pit targeting potential high-grade zones below existing drilling. This area lies immediately to the south of the historical underground mine that produced 1.0 million tonnes at 6.4g/t Au for 207,000 ounces in the mid 1990's, and immediately below the area currently the subject of HBJ South Feasibility Study which is assessing the viability of an underground mine and is due for completion in March 2012.

In total, eleven diamond holes at a spacing of greater than 100m x 80m were completed during 2011. Drilling intersected significantly thinner porphyry than the area above, which significantly downgrades potential for a large block-cave mining operation continuing from above. However, several narrow high-grade zones of mineralization were intersected, highlighting the potential for more conventional open-stope mining. Subject to a positive HBJ South Feasibility Study, further drilling is likely to be undertaken from underground once underground platforms become available.

SBS 28 Complex Exploration

Located near Coolgardie and 35km west of the Jubilee processing plant, the SBS28 Complex is a 3km-long mineralized zone that has been sporadically mined under fragmented ownership over the past 70 years. The various styles of gold mineralization at the SBS28 Complex are indicative of a large system of mineralization. The controls on mineralization are becoming better understood as drilling is progressively following up widespread, high-grade gold mineralization defined by previous drilling and mining.

During 2H 2011, infill drilling at Shirl continued to intercept shallow, high-grade mineralization that has confirmed the open-pit potential. Shallow high-grade results also indicate the potential for deepening of the Barbara Pit and an additional small pit at Tuscany. Resource updates and mine studies will be completed when all assay results are returned.

Other SKO Exploration

A six-hole program testing the depth potential at Frogs' Leg commenced during 2H 2011. These wide-spaced holes are testing for gold mineralization up to 300m below the current resource boundary. Results are planned to be released in Q1 2012 once all drilling is completed.

During 2H 2011, Alacer acquired the historical Mt Martin Pit (located 7km northeast of the Jubilee processing plant) and surrounding tenements. Alacer has completed a geotechnical diamond program at Mt Martin and a resource definition drilling program has commenced. A diamond drilling program is also targeting the depth potential of Mt Martin to determine the underground potential of the deposit.

RC drilling at Peaceful Gift and the nearby Chief's Lode was undertaken as part of the sterilization for the site being considered for the new SKO processing plant. High-grade results from Chief's Lode warrant further drilling before the plant infrastructure design is finalized.

A sterilization drilling program was completed for the potential waste dump site for the Pernatty Pit. Significant low-grade mineralization was intersected in the TNT area, requiring a change to the location of the waste dump. Further drilling will assist in defining the potential in the TNT area.

Planned 2012 SKO Exploration

The SKO 2012 exploration budget has been increased to $18 million (2011: $13 million) and is broadly allocated as follows:

40% for SBS28 Complex;

25% for Mt Martin; and

20% for prospects south & north of HBJ on Hampton Locations 48 & 50.
The objectives of the SKO 2012 exploration program are to:

Deliver additional resources and reserves to support an improved head
grade for the SKO Expansion Project; and

Systematically generate and rank new targets.
A Aparagraphpler Exploration

More than 50km of drilling was completed at A Aparagraphpler during 2011. During 2H 2011, exploration activity at A Aparagraphpler focused on infilling and extending the Main and Marble Contact Zones and testing the Manganese Mine Zone at depth.

The A Aparagraphpler Mineral Resource estimate is currently being updated and is planned to be announced during Q1 2012. Only assays received prior to October 2011 are included in the resource model for this estimate and thus most of the A Aparagraphpler assay results reported in this announcement will not be included in the updated estimate.

Main Zone Drilling

Drilling 100m west of the current sulfide resource boundary at Southern Main Zone on section 458550E continues to identify near-surface, high-grade mineralization:

CRC851 intersected 7m @ 34.4g/t Au from 3m;

CRC812 intersected 24m @ 1.1g/t Au (including 13m of oxide) from surface
and 37m @ 3.3g/t Au from 29m located 50m below the high grade CRC851
intersection; and

CRC828 intersected 22m @ 2.7g/t Au from 70m and 14m @ 1.9g/t from 119m,
located 50m below the high grade CRC812 intersection.
Downhole thickness of the above intersections approximates true thickness. Mineralization remains open at depth and to the west where isolated gossanous outcrops up to 15g/t Au have recently been identified over a 400m west-southwest trend.

Drilling at the Southern Main Zone has identified depth extensions over a strike length of 500m. Step-out drilling targeting extensions 50m below existing drilling continued to return high-grade intersections below the current resource. Mineralization continues to remain open at depth and is being followed up with further drilling in 2012. Results included:

34m @ 2.6g/t Au from 175.5m and 10.5m @ 2.7g/t from 231m in CDD316;

15m @ 4.6g/t Au from 180.8m and 11.1m @ 2.4g/t Au from 271.5m in CDD322;

19.2m @ 3.0g/t Au from 242.2m in CDD301;

20.6m @ 6.9g/t Au from 231.9m in CDD277;

13.7m @ 3.4g/t Au from 253.7m in CDD307A;

35m @ 1.1g/t Au from 145.1m in CDD304; and

16.3m @ 2.3g/t Au from 221.6m in CDD319.
Downhole thickness of these intersections approximates true thickness.

Depth extensions continued to be identified below the current resource boundary of Main Zone. Drilling typically at 50m-spaced step-outs to previous drilling returned:

72.5m @ 1.8g/t Au from 198.5m in CDD325;

26.5m @ 3.4g/t Au from 292m in CDD292 (100m below the resource
boundary);

41m @ 2.8g/t Au from 127.7m in CDD311;

14m @ 3.2g/t Au from 182.5m in CDD312;

24.3m @ 3.1g/t Au from 174.1m in CDD315;

25m @ 2.1g/t Au from 114m and 7.1m @ 3.0g/t Au from 196.9m in CDD318A;

13.1m @ 2.6g/t Au from 15.5m of oxide and 10.5m @ 2.5g/t Au from 69.3m
in CDD305; and

7.7m @ 3.5g/t Au from 174.4m, 22m @ 1.5g/t Au from 226.6m and 24.4m @
1.1g/t Au from 257.4m in CDD323.

True widths of these intersections are estimated at 50-100% of downhole
thickness.
Old A Aparagraphpler Village Drilling

Residents began to move into the new A Aparagraphpler Village in late 2011 and this will enable testing of the prospective drilling gap around the old A Aparagraphpler Village to commence.

Two holes were recently drilled in close proximity to the old A Aparagraphpler Village. CDD289, located between the Manganese Mine Pit and the A Aparagraphpler Village, returned 28m @ 6.7 g/t Au from 264m depth. CRC825 drilled 250m west of the A Aparagraphpler Village (and 450m west of CDD289) on the northern margin of Main Zone returned 51m @ 1.5g/t Au from 99m to end of hole.

CDD273, a further 100m west of CRC825, intersected 44.5m @ 1.2g/t Au from 184.7m more than 150m below the current sulfide pit design and CRC824 intersected 14m @ 1.7g/t Au from 37m, a further 50m west. True widths of these intersections are estimated at 70-80% of downhole thickness.

These four holes sit outside the existing resource boundary and the A Aparagraphpler deposit remains untested between these holes and at depth, further highlighting the potential under the old A Aparagraphpler village. Drilling will further test the A Aparagraphpler Village area in early 2012.

Manganese Zone Drilling

Two deep diamond drillholes were completed to follow up on the thick, high-grade mineralization intersected at depth on the Manganese Zone in the previously announced drillhole CDD274 of 100.1m @ 4.1g/t Au from 427.5m (see August 22, 2011 announcement).

CDD321 tested the mineralized zone 50m west of CDD274 intersecting 13.9m @ 2.3g/t Au from 446.2m and 4.5m @ 3.5g/t Au from 476.1m. Significant drilling issues resulted in the third attempt failing on the second hole CDD298A located 150m west of the original hole. This drillhole returned 6.8m @ 1.0g/t from 484.9m, but failed to test the full target area. True widths of these intersections are estimated at 70-80% of downhole width.

CDD289 described in the A Aparagraphpler Village section above lies 500m west and along strike of CDD274 and further highlights the potential that exists at depth under the Manganese Zone through to the untested A Aparagraphpler Village area to the west.

Marble Zone Drilling

A program of angled RC drilling across the Marble Zone Resource has commenced. The program has been designed ahead of mining to assist in better defining the resource boundaries and grade where previous drilling is dominantly vertical. Thick high-grade mineralization is being returned from most holes and confirms the Marble Contact Zone is much narrower, but significantly higher grade than the existing model. Results include 87m @ 11.8g/t Au from surface in CRC847, 30m @ 14.3g/t Au from 1m in CRC835 and 48m @ 5.7g/t Au from 6m (including 24m @ 10.3g/t Au from 9m) in CRC836, 18m @ 8.6g/t Au from 71m in CRC844, 22m @ 6.6g/t Au from 37m in CRC849, 6m @ 11.4g/t Au from surface in CRC838A and 9m @ 7.0g/t Au from 9m in CRC835A. True widths of these intersections are estimated at 70-80% of downhole width.

Planned 2012 A Aparagraphpler Exploration

The A Aparagraphpler 2012 exploration budget has been increased to $10 million (2011: $8 million). The key objective of the A Aparagraphpler 2012 exploration program is to broadly determine the ultimate size potential of the A Aparagraphpler orebody and to better understand the controls on mineralization.

Diamond and RC drilling during 2012 will continue to infill drilling to date and test for depth and lateral extensions to known gold mineralization.

A Aparagraphpler Regional Exploration

Exploration of the A Aparagraphpler District is at an early stage and was on hold in 2H 2011 due to the exploration effort being focused on the A Aparagraphpler deposit.

Karakartal Drilling

Karakartal is a gold-rich porphyry copper deposit located approximately 12km southeast of A Aparagraphpler held in a 50%/50% joint venture with Lidya Mining. The current Indicated Resources are 13.8Mt @ 0.46g/t Au and 0.29% Cu and Inferred Resources are 17.8Mt @ 0.32g/t Au and 0.22% Cu (see August 25, 2009 announcement).

A diamond drilling program commenced during 2H 2011 at Karakartal with three aims:

Determine the scale and grade of a potentially higher grade core
(>0.8g/t Au) to the Karakartal porphyry,

Double the size of the current resource; and

Identify potential shallow high-grade oxide ore sources for the nearby
A Aparagraphpler Plant.
Four diamond drill rigs are currently active, with a total of 4,301 m of drilling completed to December 2011 in seventeen diamond and five RC drillholes. There are currently no significant intersections to report as minimal assays results have been returned to date.

A Aparagraphpler District Exploration

Soil sampling on a 200m by 200m grid pattern in the A Aparagraphpler District has identified high-quality soil anomalies with peak soil values >0.5g/t Au located 5km east of A Aparagraphpler at the Northeast Yakuplu target. Further infill soil geochemistry and geological mapping will be undertaken prior to drilling.

A 200m x 200m soil grid has also been completed in the limestone saddle area between the Karakartal and Findiklidere target areas. Results have identified a high-quality gold soil anomaly located 1km north of Karakartal. The anomaly is of similar scale and orientation to Karakartal with a peak soil value of 0.59g/t Au in an area of jasperoid outcrops. Further soil sampling and mapping is required to determine the significance of this anomaly.

Planned 2012 Turkey Regional Exploration

The Turkey Regional 2012 exploration budget has been increased to $14 million (2011: $10 million) and is broadly allocated as follows:

25% for Karakartal;

70% for other A Aparagraphpler District exploration; and

5% for exploration elsewhere in Turkey.
All of the above exploration budget guidance figures are on a 100% basis. Note that Alacer's share of expenditure at A Aparagraphpler is 80% and of Turkey Regional expenditure is 50%.

Other Information

Technical Procedural Information

The information in this report which relates to Exploration Results and the Mineral Resources is based on information compiled by Chris Newman, a full time employee of Alacer Gold Corp. and who is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Newman 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 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and a qualified person pursuant to National Instrument 43-101 of the Canadian Securities Administrators. Mr Newman consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Exploration drilling and sampling in Australia utilized surface HQ and NQ2 diamond core, RC and aircore. Drill core was sawn half core and submitted for assaying. Dependent on the ore body geometry, core sample lengths were constrained by geology, alteration or structural boundaries and sample lengths varied between a minimum of 0.5m to a maximum of 1.3m. Reported results from RC samples were collected on 1 meter riffle split intervals and from 4m composite samples using aircore. At Higginsville, RC and diamond drill samples were assayed with fire assay with an AAS finish on 50g charges via Genalysis Laboratories in Kalgoorlie and Perth or by pulverise and leach (PAL1000B) with an AAS finish on 500 - 750g charges at the Higginsville Intertek laboratory. Aircore samples were analysed via low level aqua regia digestion at Ultratrace and SGS Laboratories in Perth. Internationally accepted standards and blanks were utilised to check on laboratory assay quality control. At South Kalgoorlie, samples were assayed with fire assay with an AAS finish on 50g charges via SGS Laboratories in Kalgoorlie. Blanks and Assay Pills were utilised to check on laboratory assay quality control. Exploration and drilling results are reported as drilled thicknesses. Drill composites were calculated using a cut-off of approximately 0.8g/t. No top cut was applied.

Exploration drilling and sampling in Turkey utilized surface NQ2 diamond core and RC. Reverse circulation cuttings were sampled on 1.0 meter intervals and core was sampled at geologically selected intervals ranging from 0.7m to 2.0m, but generally 1.0m as sawn half core or hand split if clay. Drill samples were performed by ALS-Chemex in Vancouver, BC, Canada, for gold by Fire Assay off a 30 gram charge with an AA finish. Quality Assurance/Quality Control included the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at regular intervals within each batch. Selected holes are also analysed for a 33-element four acid ICPA AES. Exploration and drilling results are reported as drilled thicknesses. Drill composites were calculated using a cut-off of approximately 0.3g/t for oxide and 0.5 g/t for sulfide. No top cut was applied.

We seek Safe Harbor.

Greek bondholders take a stand

The chase by Marty Cej:

European stocks are slumping and U.S. stock index futures are pointing to early declines as European finance ministers did their best to cajole Greek bondholders into taking an even bigger loss on their investments. Bondholders are saying enough is enough; they have shown their willingness to take billions of dollars in losses in the short term to help provide Greece with both the time and cheap money needed to help repair the country's long-term structural problems. Finance ministers have countered with "aw, c'mon guys.

What's a hundred basis points between friends?" The stalemate is threatening to spill over into the European Summit on January 30. A solution is probable though not a sure thing, which has the market fretting, again, that the impasse in Athens could mean less enthusiasm for short-term debt sales in Spain, Italy and Portugal and higher rates for everyone. And that could mean an end to the rallies in global stocks since the start of the year.

Canadian National Railway said late yesterday that it has suspended former CEO Hunter Harrison's pension payments -- a package valued at about $40 million -- because he has violated provisions in his retirement deal and now poses a serious threat to the future of CN if he takes the top job at Canadian Pacific, a job that is neither open nor offered. Pershing Square Capital, CP's biggest shareholder and pain in the pass (Rogers Pass, that is), says it still wants Harrison as CEO of CP and promises to protect him from any lawsuits and cover any financial shortfall from his CNR pension. It's nice to be wanted.

CN reported its highest quarterly revenue ever a few minutes ago and raised its dividend by 15 percent. The report provides a compelling hook for our coverage today as we continue to advance the story. Among our guests this morning is railroad expert Tony Hatch of ABH Consulting. Hatch will examine Pershing Square's ambitious plan to slash CP's operating margins and tell us whether Hunter Harrison, or anyone for that matter, can get it done. Hatch joins us at 10:35 a.m. ET.

Research In Motion shareholders greeted the appointment of CEO Thorstein Heins yesterday with the question "where's our Hunter Harrison?" The stock tumbled 9 percent yesterday and is extending its slide today after Heins insisted on BNN and elsewhere that he will mostly follow the path laid out by Jim Balsillie and Mike Lazaridis. Yale University management guru Jeffrey Sonnenfield will explain to us what's wrong with this picture at 11:15 a.m. ET.

The U.S. Federal Reserve's policy-setting Open Market Committee kicks off a two-day meeting this morning that will result tomorrow in the first ever release of the members' forecasts for the benchmark interest rate. There is still much debate as to whether this new level of transparency will help or hinder the Fed's policy. Some say the forecasts will be perceived by the market as a promise of sorts, painting the Fed into a corner and sapping the central bank of flexibility.

The other side argues that the market is sophisticated enough to know that a forecast is nothing more than an estimate and therefore constantly subject to change as new facts emerge. Tomorrow's announcement and subsequent news conference will be historic. We need to set the table today.

Stock pickers should sharpen their pencils this afternoon. Howard Green sits down at 1:00 p.m. ET for a small-cap roundtable with Brian Pow of Acumen Capital, Peter Hodson, former Chairman of Sprott Asset Management and founder of 5i Research and Alex Lane of Dynamic Funds. They will look across sectors and across the country for their top picks for 2012.

Earnings! Companies that could be on the move today with their earnings reports include McDonald's, Verizon, Travelers, Yahoo, Baker Hughes, Johnson & Johnson, Harley-Davidson, DuPont, Coach, Norfolk Southern and Kimberly-Clark. Oh, and that tech company… Apple! That's the one, Apple.