- EKD-02: 40.8m @ 0.87% Cu from 77.7m and 40.8m @ 2.66% Cu from 144.7m, including 16.7m @ 4.7% Cu from 152.9m and 8.2m @ 2.95% Cu from 174m, and 16.6m @ 0.44% Cu from 202m and 10.9m @ 0.5% Cu from 290.4m
- EKD-03: 6m @ 0.39% Cu from 33m and 10.5m @ 0.2% Cu from 45m and 70.3m @ 1.66% Cu from 83.7m, including 4.4m @ 8.25% Cu from 115.3m
- EKD-04: 51m @ 0.98% Cu from 13m and 6.7m @ 0.6% Cu from 120.4m and 10.3m @ 0.77% Cu from 133.4m and 45.7m @ 2.03% Cu from 158.7m, including 17.7m @ 3.99% Cu from 162.8m
The intercepts are high grade, close to surface and appear to be very low in contaminates. The drilling pattern was constrained to areas previously permitted for drilling.
Prospect Overview
Copper Hill sits within the package of exploration leases known as Kazikbeli. The Copper Hill prospect has skarn mineralization with some occurrences at surface that were mined in ancient times. These activities are evident with remnants of small excavation depressions and slag piles. The Turkish government exploration department (MTA) mapped and outlined these occurrences in 1976-78, covering approximately an area of 200m X 800m.
The Copper Hill prospect is covered by subvolcanic porphyritic intermediate magmatic rocks and volcano-sedimentary unit that contains interbedded limestone. Skarn-type copper-iron occurrences (chalcopyrite-magnetite) developed along the contacts between limestone and porphyries. In the limited area where the skarn is at surface, the mineralization consists of chalcopyrite, specular-hematite and magnetite with exotic copper such as malachite. All mineralization in the drill holes reported here was primary Cu – Sulfide mineralization (chalcopyrite).
MTA conducted exploration in the 1970's which included surface mapping, sampling and geophysics (Induced Polarization-IP on 18 lines totaling 28.15km).
Drilling will recommence at Copper Hill pending drill permits and weather.
Drilling
Eight drill holes were completed totaling 3,180.8m. Seven of the eight holes intersected significant copper mineralization. EKD-02 and EKD-03 were collared at the same location, EKD-02 was drilled with -600 angle and EKD-03 is drilled vertically. Similarly, EKD-04 and EKD-08 were collared at the same location with EKD-06 drilled at -650 angle and EKD-08 is a vertical hole (Figure 2). The beginnings of the holes were drilled in PQ size (85cm in diameter) and predominantly continued with HQ size (63.5cm in diameter). The extent of the drilling pattern was constrained to areas previously permitted for drilling.
Drill Results
Significant results are down hole length and include:
- EKD-02: 40.8m @ 0.87% Cu from 77.7m and 40.8m @ 2.66% Cu from 144.7m, including 16.7m @ 4.7% Cu from 152.9m and 8.2m @ 2.95% Cu from 174m, and 16.6m @ 0.44% Cu from 202m and 10.9m @ 0.5% Cu from 290.4m
- EKD-03: 6m @ 0.39% Cu from 33m and 10.5m @ 0.2% Cu from 45m and 70.3m @ 1.66% Cu from 83.7m, including 4.4m @ 8.25% Cu from 115.3m
- EKD-04: 51m @ 0.98% Cu from 13m and 6.7m @ 0.6% Cu from 120.4m and 10.3m @ 0.77% Cu from 133.4m and 45.7m @ 2.03% Cu from 158.7m, including 17.7m @ 3.99% Cu from 162.8m
- EKD-05: 29.8m @ 0.49% Cu from 11.3m and 5.5m @ 0.99% Cu from 109.5m and 20.7m @ 1.33% Cu from 189.5m, including 2.7m @ 5.55% Cu from 191.3m
- EKD-06: 10m @ 0.34% Cu from 25m and 1.5m @ 3.3% Cu from 42m and 14m @ 0.37% Cu from 88.5m and 16.8m @ 0.9% Cu from 133.5m and 19m @ 1.43% Cu from 157.6m, including 2.8m @ 5.47% Cu from 173m
- EKD-08: 8.8m @ 0.38% Cu from 108m and 20.9m @ 1.63% Cu from 170.1m, including 2m @ 7.15% Cu from 181m and 1.7m @ 3.52% Cu from 188.1m
The copper mineralization in the Copper Hill intercepts are very "clean", having low levels of other metals or arsenic (<0.01% zinc and lead, with average <60 ppm arsenic levels), which is unusual for skarn-type deposits.
Table 1. Significant copper intercepts at the Copper Hill Prospect.
Hole ID | From (m) | To (m) | Interval (m) | Cu % | Depth (m) | Comments |
EKD-01 | 168.8 | 177.8 | 9 | 0.37 | 474.2 | |
Including | 168.8 | 169.8 | 1 | 2.12 | ||
EKD-02 | 77.70 | 118.50 | 40.80 | 0.87 | 373 | |
144.70 | 185.50 | 40.80 | 2.66 | |||
Including | 152.90 | 169.60 | 16.70 | 4.70 | ||
174.00 | 182.20 | 8.20 | 2.95 | |||
EKD-02 | 202.00 | 218.60 | 16.60 | 0.44 | ||
290.40 | 301.30 | 10.90 | 0.50 | |||
EKD-03 | 33.00 | 39.00 | 6.00 | 0.39 | 301.3 | |
45.00 | 55.50 | 10.50 | 0.20 | |||
83.70 | 154.00 | 70.30 | 1.66 | |||
Including | 115.30 | 119.70 | 4.40 | 8.25 | ||
EKD-04 | 13.00 | 64.00 | 51.00 | 0.98 | 425 | |
120.40 | 127.10 | 6.70 | 0.60 | |||
133.40 | 143.70 | 10.30 | 0.77 | |||
158.70 | 204.40 | 45.70 | 2.03 | |||
Including | 162.80 | 180.50 | 17.70 | 3.99 | ||
EKD-04 | 255.00 | 262.80 | 7.80 | 0.85 | ||
327.10 | 341.70 | 14.60 | 0.47 | |||
351.50 | 372.80 | 21.30 | 1.98 | |||
Including | 362.80 | 368.60 | 5.80 | 6.17 | ||
EKD-05 | 11.30 | 41.10 | 29.80 | 0.49 | 393.5 | |
109.50 | 115.00 | 5.50 | 0.99 | |||
189.50 | 210.20 | 20.70 | 1.33 | |||
Including | 191.30 | 194.00 | 2.70 | 5.55 | ||
EKD-06 | 25.00 | 35.00 | 10.00 | 0.34 | 302 | |
42.00 | 43.50 | 1.50 | 3.30 | |||
88.50 | 102.50 | 14.00 | 0.37 | |||
133.50 | 150.30 | 16.80 | 0.90 | |||
157.60 | 176.60 | 19.00 | 1.43 | |||
Including | 173.00 | 175.80 | 2.80 | 5.47 | ||
EKD-07 | 408.2 | No Significant | ||||
EKD-08 | 108.00 | 116.80 | 8.80 | 0.38 | 503.6 | |
170.10 | 191.00 | 20.90 | 1.63 | |||
Including | 181.00 | 183.00 | 2.00 | 7.15 | ||
Including | 188.10 | 189.80 | 1.70 | 3.52 |
Significant intervals reported at a nominal 0.2% copper cut-off and with a maximum 5m contiguous dilution are given in Table 1. All thicknesses are down hole length and true widths are not known at this stage.
To view further technical information relating to this news release, please visit the Company's website at www.alacergold.com.
About
Sustainability is of growing importance to all stakeholders, whether they are local communities, local and national governments, our shareholders, or our employees. We are committed to honest and open disclosure and continuous improvement.
The systematic and focused exploration efforts in the Çöpler District have been successful as evidenced by the discovery of Çakmaktepe, the Ardich deposit2, and the Çöpler Saddle3 ("The Saddle") prospect. The Çöpler District remains the focus, with the goal of continuing to grow oxide resources that will deliver production into the future and additional sulfide resources to extend production from the sulfide plant. In the other regions of
The successful commissioning of the sulfide plant and the exploration successes have provided the business with a number of exceptional growth and development opportunities. An updated Çöpler District Technical Report is planned to be issued in 2020, updating the performance expectations of the installed assets and defining the growth and development pathways.
Technical Procedural Information
Sampling, Assaying and QA/QC
The Copper Hill drilling program started in 2018. Diamond drill core is sampled as half core at 1m intervals. The samples were submitted to ALS Global laboratories in
Qualified Person
Dr.
The information in this release which relates to exploration results is based on information compiled by
External review of data and processes relating to the prospect were completed in
Cautionary Statements
Except for statements of historical fact relating to
Forward-looking information includes statements concerning, among other things, preliminary cost reporting in this document; production, cost, and capital expenditure guidance; the ability to expand the current heap leach pad; development plans for processing sulfide ore at Çöpler; the results of any gold reconciliations; the ability to discover additional oxide gold ore; the generation of free cash flow and payment of dividends; matters relating to proposed exploration; communications with local stakeholders; maintaining community and government relations; negotiations of joint ventures; negotiation and completion of transactions; commodity prices; mineral resources, mineral reserves, realization of mineral reserves, and the existence or realization of mineral resource estimates; the development approach; the timing and amount of future production; the timing of studies, announcements, and analysis; the timing of construction and development of proposed mines and process facilities; capital and operating expenditures; economic conditions; the outbreak of pandemics, epidemics or other health crises (including, without limitation, the COVID-19 pandemic); availability of sufficient financing; exploration plans; receipt of regulatory approvals; and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions.
Such forward-looking information and statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in any other of
You should not place undue reliance on forward-looking information and statements. Forward-looking information and statements are only predictions based on our current expectations and our projections about future events. Actual results may vary from such forward-looking information for a variety of reasons including, but not limited to, risks and uncertainties disclosed in
This press release has been approved for release by the Alacer Gold Disclosure Committee.
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1 | Free Cash Flow is a Non-GAAP Measure. For further information, please see the "Non-GAAP Measures" section of the most recent MD&A. |
2 | Detailed information regarding the Ardich Deposit can be found in the press release entitled "Alacer Gold Step-Out Drilling Program Confirms Significant Extension of Ardich Mineralization" dated |
3 | Detailed information regarding the Çöpler Saddle can be found in the press release entitled "Alacer Gold Reports Exploration Results from the Çöpler |
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