Business
Alacer Gold's Australian Exploration Success Supports Planned Gold Production Growth
TORONTO, Aug. 30, 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. 30, 2011 /CNW/ - Alacer Gold Corp (\"Alacer\" or the\n \"Company\") [TSX:ASR, ASX:AQG] announces ongoing results from the 2011\n drilling program at its Higginsville and South Kalgoorlie Gold\n Operations in Australia.\n\n\nHighlights \n\n\nThe Trident orebody extended down plunge by the discovery of a thick\n zone of mineralization (\"Helios\") at Higginsville.  Results include:\n\n\n54.5m @ 3.7g/t Au from 1,010m including 23m @ 7.7g/t Au\n\n\n33.0m @ 3.7g/t Au  from 961m including 13m @ 5.5g/t Au\n\n\nShallow, high-grade drilling intersection from Shirl West at South\n Kalgoorlie including:\n\n\n10m @ 11.4g/t Au from 13m\n\n\n17m @ 6.6g/t Au from 35m\n\n\nFinal infill drilling of the Mt Marion West lode at South Kalgoorlie\n confirmed continuity of mineralization over a 600m vertical extent. \n Results include:\n\n\n8m @ 5.0g/t Au from 281m\n\n\n9m @ 4.7g/t Au from 431m\n\n\nAcquisition of the Mt Martin tenements provides another potential ore\n source for South Kalgoorlie.\n\n\nEdward Dowling, President and CEO of Alacer stated \"Our exploration team\n is systematically testing Alacer's large tenement holdings in\n Australia's richest gold belt - the Kalgoorlie to Norseman gold belt.\n We are investing in exploration to support our strategy of having\n multiple mines providing ore to two treatment hubs in this prolific\n region.  Success over recent months includes the discovery of the thick\n Helios zone at Trident and shallow high-grade oxide gold mineralization\n at Shirl West.  We remain confident that further success will enable\n the Company's resource and reserve base to increase and support our\n planned increase in gold production from our Australian operations.\"\n\n\nThis exploration update reports Australian drilling results received\n since the Alacer's Quarterly Activities Report was released on April\n 29, 2011.\n\n\nHigginsville Exploration\n\n\nThe active exploration program at Higginsville continued to test for\n depth extensions to the Trident orebody and for satellite ore sources\n for the Higginsville processing plant.\n\n\nTrident Exploration\n\n\nDrill testing from underground of the strike extent of the Apollo North zone at Trident has extended the strike extent of this thick,\n high-grade zone to in excess of 150m with a dip extent of 50m to 60m.\n\n\...