Alacer announces Çőpler District exploration results

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. Werbung Mehr Nachrichten zur Alacer Gold Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 12:03 - PR Newswire Fidelity Emerging Markets Ltd - Transaction in Own Shares 11:51 - PR Newswire Fidelity China Special Situations Plc - Transaction in Own Shares 10:20 - PR Newswire Pentwater Capital Management LP - Form 8.3 - Spirent Communications PLC Metallschatz in Kanada    Diese Aktie hat enormes Potenzial! Setzen Sie auf Ressourcen-Unabhängigkeit! weiterlesen» Anzeige wo-site-teaser-box-17223_site-teaser-box_2024-06-11_17%253A00%253A00_2024-06-12_09%253A00%253A59