ASR:TSE Alacer Gold announces 23% increase of Higginsville Mineral Reserve estimate to 875,000 ounces

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.

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Facebook IPO tempting but investors be wary By Larry MacDonald

| February 02, 2012

With Facebook’s mammoth IPO inundating the news these days, it’s a good time to remind retail investors they are generally better off avoiding IPOs when they first come out. According to research conducted by University of Florida Professor Jay Ritter, stocks newly listed on U.S. exchanges from 1970 to 2008 trailed stocks of similar market capitalization by an average 4.7% one year after launch, and by 4.0% three years after.

But IPOs are hard to resist. Brokerages want the new issues to do well, so they engage in heavy promotion. And the IPOs for exciting new companies are usually big news items in the media.

Nevertheless, the real investment winners traditionally have been the brokerages’ best customers who are favoured with allocations before the big pop that often occurs on the first day of trading. Ordinary investors don’t usually get a chance to buy until trading begins in the open market (and as a result end up with results like those in Professor Ritter’s findings).

Most serious books on investing advise against buying IPOs.

Burton Malkiel notes in A Random Walk Down Wall Street: “Investors should be very wary of purchasing today’s hot issue. Most initial public offerings underperform the stock market as a whole. ... The managers of the companies themselves … try to time their sales to coincide with a peak in the prosperity of their companies. …”

Benjamin Graham states in The Intelligent Investor: “An elementary requirement for the intelligent investor is an ability to resist the blandishments of salesmen offering new common stock issues during bull markets. ... Some of these issues may prove excellent buys—a few years later when nobody wants them.”

Stephen Jarislowsky writes In The Investment Zoo: “New issues are typically well promoted. ... My experience is that you can buy nine out of 10 new issues at a lower price a year or two later. … I generally avoid new issues. …”

Jeremy Siegel argues in The Future for Investors: “Investing in IPOs is much akin to playing the lottery. There will be a few huge winners, such as Microsoft and Intel, but those who regularly invest in all IPOs will fall significantly behind those who invest in stocks already trading in the public markets.”