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Alacer Gold announces 23% increase of Higginsville Mineral Reserve estimate to 875,000 ounces
ENGLEWOOD, CO, Feb. 6, 2012 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Company") [TSX:ASR,...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\n\n\nENGLEWOOD, CO, Feb. 6, 2012 /CNW/ - Alacer Gold Corp. (\"Alacer\" or the\n \"Company\") [TSX:ASR, ASX:AQG] announces updated Mineral Resource and\n Reserve estimates for its Higginsville Gold Operations in Australia.\n The Mineral Reserve estimate has increased by 164,000 ounces (net of\n mining depletion over 18 months) to 7.9 million tonnes at 3.5g/t gold,\n containing 875,000 ounces, as detailed in the table below.\n\n\nMineral Reserve for Higginsville Operations as at December 31, 2011\n\n\n \n\n\nProven\n\n\nProbable\n\n\nTotal Reserves\n\n\n \n\n\nTonnes (kt)\n\n\nGrade (g/t)\n\n\nOunces (koz)\n\n\nTonnes (kt)\n\n\nGrade (g/t)\n\n\nOunces (koz)\n\n\nTonnes (kt)\n\n\nGrade (g/t)\n\n\nOunces (koz)\n\n\nTrident Underground\n\n\n595\n\n\n5.0\n\n\n96\n\n\n       3,108\n\n\n4.5\n\n\n447\n\n\n       3,703 \n\n\n4.6\n\n\n543 \n\n\nChalice Underground\n\n\n-\n\n\n-\n\n\n-\n\n\n       1,049\n\n\n4.3\n\n\n144\n\n\n        1,049 \n\n\n4.3\n\n\n144 \n\n\nFairplay Underground\n\n\n-\n\n\n-\n\n\n-\n\n\n139\n\n\n6.4\n\n\n29\n\n\n139 \n\n\n6.4\n\n\n29 \n\n\nOpen Pits\n\n\n-\n\n\n-\n\n\n-\n\n\n        2,704\n\n\n1.7\n\n\n151\n\n\n        2,704 \n\n\n1.7\n\n\n151 \n\n\nStockpiles*\n\n\n282\n\n\n0.8\n\n\n7\n\n\n- \n\n\n-\n\n\n- \n\n\n           282 \n\n\n0.8\n\n\n7 \n\n\nTotal\n\n\n877\n\n\n3.7\n\n\n104\n\n\n       7,000 \n\n\n3.4\n\n\n771\n\n\n        7,877 \n\n\n3.5\n\n\n875 \n\n\nNote:  Rounding differences will occur. The Mineral Reserve methodology\n and cut-off grades are summarised in the Technical Procedural Section below. The above estimate is based on a gold price of US$1,350 per ounce\n (*Includes satellite and Trident low-grade stockpiles).\n\n\nEdward Dowling, President and CEO of Alacer, stated \"This updated\n Higginsville Reserve is the culmination of extensive drilling and other\n work since July 2010. The net increase of 164,000 ounces is quite\n significant considering that the Higginsville Gold Operations produced\n more than 230,000 ounces of gold during the 18 months to December 2...