Alacer Gold Announces Positive Definitive Feasibility Study Results for Turkish Asset

By Admin
Leading intermediate gold producer Alacer Gold has reported promising definitive feasibility study (DFS) results for the processing of sulphide ore at i...

Leading intermediate gold producer Alacer Gold has reported promising definitive feasibility study (DFS) results for the processing of sulphide ore at its Copler mine in Erzincan Province, Turkey.

The company has completed extensive technical, design, engineering and procurement studies in preparing the DFS and will be carrying out basic engineering and further optimization studies, as well as completing the permitting process in advance of a construction decision anticipated in the first quarter of 2015.

The results demonstrate the viability of processing sulphide ore at the mine, thereby extending the mine life while generating attractive and robust financial returns while showing that Alacer is on track with its action plan laid out in September 2013.

Copler was expected to process sulphide ore at a rate of 5 000 t/d and would result in a 20-year mine life for the project. The company had already accumulated a stockpile of more than two-million tonnes of sulphide ore, grading 4.9g/t gold, ready to be processed.

Rod Antal, Alacer’s Chief Executive Officer, said: “The results of this DFS are an important and positive milestone for Alacer that not only reconfirms the world class nature of the Çöpler Mine but provides a definitive pathway for Çöpler, and positive cash flow for Alacer for the next 20 years.

A more detailed breakdown of the findings can be found here: http://www.alacergold.com/download/news_releases/news_releases_2014/2014 06 16 DFS FINAL.pdf

 

Share

Featured Articles

Environmental certification for Lundin's Candelaria mine

Lundin Mining Corp has announced approval of an EIA to extend operations at the Candelaria copper mining complex in Chile

Lithium Africa and Ganfeng Lithium join hands in Africa

Lithium Africa Resources Corp. and China's Ganfeng Lithium Group Ltd. have created a 50/50 joint venture to accelerate lithium exploration and development

Mesh tech keeps Copper Mountain Mine going during outage

Rajant's Kinetic Mesh networking, BreadCrumb wireless nodes and InstaMesh networking software kept the mine safe at a critical time earlier this year

Diamond mine supports Yellowknife wildfire communities

Sustainability

Launch of China's first mining satellite developed with XCMC

Technology

Perpetua Resources to sign USA Department of Defense deal

Supply Chain & Operations