Business
Alacer Gold announces results for second quarter 2014 and files NI 43-101 technical report for Çöpler Sulfide Project
TORONTO , July 29, 2014 /CNW/ -  Alacer Gold Corp. ( "Alacer" or the "Corporation...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\nTORONTO, July 29, 2014 /CNW/ - Alacer Gold Corp. (\"Alacer\" or the \"Corporation\") [TSX: ASR and ASX: AQG] announced today that it has filed its second quarter 2014 financial results and related management's discussion and analysis (\"MD&A\"). The corresponding financial statements and MD&A are available on www.AlacerGold.com and on www.SEDAR.com. All currencies referenced herein are denominated in USD unless otherwise stated.\n\nRod Antal, Alacer's Chief Executive Officer, stated, \"Another solid quarter from Çöpler with gold production of 39,836 attributable1 ounces at industry-leading All-in Costs2 of $806 per ounce. As previously guided, we expect production to be higher in second half of 2014 as a result of higher grades and we remain on track to deliver on our guidance.\n\nAs promised, the results of the sulfide Definitive Feasibility Study (the \"DFS\") for processing Çöpler's sulfide ore were released during the quarter. The DFS delivered an attractive and robust financial outcome that provides the next stage of growth for Alacer. \n\nÇöpler, combined with Alacer's other organic growth potential, provides the basis to become a low-cost multi-mine producer in Turkey.\"  \n\nQ2 2014 Highlights \n\nStrategic\n\n\nThe Corporation announced the positive results of the Definitive Feasibility Study (the \"DFS\") for the processing of sulfide ore through whole ore pressure oxidation at the Çöpler Gold Mine. \nThe Corporation announced updated Mineral Resources and Mineral Reserves estimates for the Çöpler Gold Mine, as a result of the initial outcomes from the ongoing resource reconciliation study (the \"Reconciliation Study\"). On July 29, 2014, the Corporation filed the related NI 43-101 technical report (the \"Technical Report\"). \nA supplemental Environmental Impact Assessment (\"EIA\") was filed in April 2014 as the first stage of the permitting process for the Çöpler sulfide project. \nThe following changes to the Corporation's Board of Directors were announced:\n\nMr. Thomas R. Bates, Jr. was appointed to the Board of Directors; \nMr. Edward Dowling was appointed as Chairman and former interim Chairman Mr. Richard Graff remains on the Board as the Independent Lead Director; and \nMr. Jan Castro resigned from the Board of Directors, f...