Business
ALACER REPORTS POSITIVE SULFIDE PREFEASIBILITY STUDY AND INCREASES LIFE-OF-MINE PRODUCTION 182% TO 3.7 MILLION OUNCES AT THE ÇÖPLER GOLD PROJECT
Mar. 27, 2011 (Canada NewsWire Group) -- TORONTO, March 27 /CNW/ - Alacer Gold Corp. ("...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n Mar. 27, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, March 27 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Company") [TSX:ASR; ASX:AQG] is pleased to announce a positive result from the Preliminary\n Feasibility Study ("PFS") for the Çöpler Sulfide Project. Highlights\n from the PFS include (all currency is in fourth quarter 2010 US dollars\n and all metrics relating to Çöpler are on a 100% basis):\n\n\n\nÇöpler gold reserves increased from 2.2 million to 4.6 million contained\n ounces\n\n\nLife-of-mine production increased 182% from 1.3 million to 3.7 million\n ounces\n\n\nAt a gold price of $1,038/oz the sulfide project delivers $739 million\n in net cash flow\n\n\nThe sulfide project provides a real internal rate of return of 24.6%\n after tax on a $410 million initial capital investment (which includes\n $66 million in contingency)\n\n\nLife of mine total cash costs (C2) on a byproduct basis of $430 per\n ounce\n\n\nMine life increased to 16 years (oxides and sulfides)\n\n\nAlacer reserves now stand at about 5.7 million gold ounces\n\n\n\nThe Company's Board of Directors has instructed management to proceed\n with a detailed feasibility study immediately. This feasibility study\n has commenced with an ongoing drilling campaign and metallurgical test\n work, which will be followed by new resource and reserve estimates\n based on a structurally controlled geological model and further process\n and ...