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Alacer Gold announces a 10% Measured and Indicated Resource increase for Higginsville Gold Operations
TORONTO, Aug. 29, 2011 /CNW/ - Alacer Gold Corp ("Alacer" or the "Company") [TSX:ASR, ASX:AQG...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Aug. 29, 2011 /CNW/ - Alacer Gold Corp (\"Alacer\" or the\n \"Company\") [TSX:ASR, ASX:AQG] announces an updated Mineral Resource\n estimate for its Higginsville Gold Operations in Australia. The\n Measured and Indicated Resource has increased by 10% to 1.33 million\n ounces (inclusive of reserves), as detailed in Table 1 below.\n\n\nMinerals Resource for Higginsville Operations as at July 1, 2011\n\n\n \n\n\nMeasured\n\n\nIndicated\n\n\nMeasured Indicated\n\n\nInferred\n\n\nAsset / Project\n\n\nTonnes(kt)\n\n\nAu Grade(g/t)\n\n\nAu Ozs(koz)\n\n\nTonnes(kt)\n\n\nAu Grade(g/t)\n\n\nAu Ozs(koz)\n\n\nTonnes(kt)\n\n\nAu Grade(g/t)\n\n\nAu Ozs(koz)\n\n\nTonnes(kt)\n\n\nAu Grade(g/t)\n\n\nAu Ozs(koz)\n\n\nTrident\n\n\n1,647\n\n\n4.3\n\n\n226\n\n\n3,213\n\n\n5.2\n\n\n539\n\n\n4,860\n\n\n4.9\n\n\n765\n\n\n586\n\n\n3.9\n\n\n74\n\n\nChalice\n\n\n \n\n\n \n\n\n \n\n\n1,250\n\n\n4.6\n\n\n184\n\n\n1,250\n\n\n4.6\n\n\n184\n\n\n336\n\n\n4.4\n\n\n48\n\n\nFairplay Area\n\n\n12\n\n\n4.7\n\n\n2\n\n\n2,696\n\n\n1.9\n\n\n168\n\n\n2,708\n\n\n1.9\n\n\n169\n\n\n263\n\n\n2.9\n\n\n25\n\n\nPalaeochannels\n\n\n \n\n\n \n\n\n \n\n\n1,203\n\n\n2.1\n\n\n81\n\n\n1,203\n\n\n2.1\n\n\n81\n\n\n121\n\n\n1.8\n\n\n7\n\n\nLake Cowan\n\n\n \n\n\n \n\n\n \n\n\n1,773\n\n\n1.6\n\n\n92\n\n\n1,773\n\n\n1.6\n\n\n92\n\n\n56\n\n\n1.1\n\n\n2\n\n\nOther\n\n\n194\n\n\n0.7\n\n\n4\n\n\n434\n\n\n2.6\n\n\n36\n\n\n628\n\n\n2.0\n\n\n40\n\n\n923\n\n\n1.7\n\n\n51\n\n\nTotal\n\n\n1,853\n\n\n3.9\n\n\n232\n\n\n10,570\n\n\n3.2\n\n\n1,099\n\n\n12,422\n\n\n3.3\n\n\n1,332\n\n\n2,285\n\n\n2.8\n\n\n207\n\n\nTable 1:  Mineral Resources for the Higginsville Gold Operation as at\n July 1, 2011.  Rounding differences will occur. Resource methodology\n and cut-off grades are summarised in the Technical Procedural Section\n below.\n\n\nExploration continues successfully to more than replace the ounces mined\n with the Higginsville Measured and Indicated Resource now totaling 12.4\n million tonnes at 3.3g/t gold, containing 1.33 million ounces. The new\n Mineral Resource has been estimated after the depletion of 495,000\n ounces (3.6 million tonnes at 4.3g/t gold) from mining the Trident,\n Fairplay and Vine deposits up to the July 2011 resource estimate date.\n\n\nFollowing the mining of over 484,000 ounces of gold from th...