Business
Significant Results from Alacer's Australian Exploration Programs
TORONTO, March 26, 2013 /CNW/ - Alacer Gold Corp. ("Alacer") [TSX:ASR, ASX:AQG] is please...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, March 26, 2013 /CNW/ - Alacer Gold Corp. (\"Alacer\") [TSX:ASR, ASX:AQG] is pleased to  announce a number of significant results returned from\n its ongoing  exploration programs in Australia.\n\n\nAlacer's management believes its 3400km2 tenement holding along the +100 million ounce Kalgoorlie to Norseman\n gold belt has the potential to deliver significant exploration success\n and has committed to a substantial $36 million exploration budget in\n Australia for 2013.  The ongoing exploration program currently has\n eight drill rigs in operation in the Higginsville and South Kalgoorlie\n areas.\n\n\nRecent Exploration Highlights\n\n\nAlacer's 2013 exploration program commenced in mid January and\n highlights of work completed to date include:\n\n\nSouth Kalgoorlie \n\n\nLocation 48  Significant shallow (< 30m below surface) high-grade gold\n mineralization has been discovered over a two square kilometer area\n just three kilometers from the Jubilee processing plant; and\n\nSBS28 Area High-grade gold mineralization has now been intersected over 200m below\n the lowest levels at both the historical Barbara and Surprise\n underground mines.\n\n\nHigginsville \n\n\nChallenge Further high-grade mineralization discovered in a >1km long bedrock\n structure at the Jupiter Prospect;\n\nEundynie Multiple, shallow, high-grade gold intersections at the Hidden Secret\n Prospect; and\n\nVine Multiple high-grade gold zones intersected at depths up to 800m below\n the base of the Vine pit.\n\n\nDavid Quinlivan, President and CEO of Alacer, stated:\n\n\n\"The results announced today reflect an excellent start to the 2013\n exploration field season.\n\n\nThe 2012 strategic review of South Kalgoorlie's extensive exploration\n data identified three target areas with the highest probability of\n delivering a large gold discovery.  Location 48 was identified as the\n highest priority target area, being a poorly explored area located on\n the prolific Boulder-Lefroy Fault only a few kilometers southeast of\n the Jubilee processing plant.  The presence of shallow high-grade gold\n mineralization in early reconnaissance drilling over an extensive area\n at Location 48 is extremely encouraging and validates our exploration\n model.  Deeper drilling at the SBS28 complex is ...