The PFS outlines a mine life of 11 years and total recovered metals of 345,000 ounces of gold, 8 million ounces of silver, 254 million pounds of copper and 626 million pounds of zinc.
Alacer Gold Corp. Mining News
Recent drill highlights include 48.5 metres grading 2.69 grams gold from 60 metres downhole and 42.5 metres grading 2.55 grams gold from 31 metres downhole.
An article published in the Australian Finance Review has prompted OceanaGold to confirm that OceanaGold had unsuccessfully pursued a business combination with Alacer Gold.
While Alacer reports lacklustre production in the fourth quarter due to poor weather conditions in Turkey, it increases overall guidance for the year.
A Preliminary Feasibility Study says adding a sulphide circuit to the Ҫӧpler project will augment mine production by 2.5 million ounces of gold and 91 million pounds of copper.
Alacer Gold Corp is pleased to announce that production at the Çöpler Gold Mine in Turkey is ramping up smoothly. Initial recovery rates from the run-of-mine heap leach ores are very encouraging. Çöpler produced first gold as announced on December 22, 2010. Gold production at Çöpler was 512 ounces in December 2010 and 8,590 ounces in January 2011. In February 2011 production is expected to be approximately 9,000 ounces.