Alacer Gold announces update on sulfide Definitive Feasibility Study and positive sulfide gold reconciliation

Alacer Gold announces update on sulfide Definitive Feasibility Study and 
positive sulfide gold reconciliation 
TORONTO, March 12, 2014 /CNW/ - Alacer Gold Corp. ("Alacer" or the 
"Corporation") [TSX: ASR and ASX: AQG] announced an update on the sulfide 
Definitive Feasibility Study ("DFS") and highlights positive gold 
reconciliation in the sulfide orebody.  Mr. Rod Antal, Chief Executive Officer 
of Alacer, will host a conference call on Wednesday, March 12 at 5:30 p.m. 
(North America Eastern Daylight Time) and Thursday, March 13 at 8:30 a.m. 
(Australian Eastern Daylight Time) to discuss this release together with the 
full year financial results. 
Rod Antal, Alacer's Chief Executive Officer, stated "As we continue to deliver 
on our commitments, I am pleased to report we are on track to deliver the DFS 
for the 5,000 tonne per day whole-ore pressure oxidation processing facility 
in Q2 2014.  An important element of this study will be to understand the 
significant positive sulfide gold reconciliations we have experienced since 
mining the 1.5 million tonnes of sulfide ore to December 31, 2013.  We have 
seen this positive trend continue across all three pits and, as a result, 
recently began an extensive study to determine the factors contributing to 
this positive bias. While the outcomes of this study may have a positive 
impact on the DFS, it will not delay our DFS project schedule." 
Alacer remains on track to deliver the sulfide DFS in Q2 2014. The design, 
engineering and procurement studies are nearing completion and will soon be 
subject to the Corporation's internal review.  In addition, the supplemental 
Environmental Impact Assessment for the project contemplated in the DFS will 
be submitted during March 2014. 
During 2013 more than 1.3 million tonnes of sulfide ore were added to 
stockpiles with an average gold grade of 4.94g/t. The grade of the sulfide ore 
mined is significantly higher than was predicted by the resource block models. 
 In 2013 there has been a positive reconciliation of 39% on a contained ounce 
basis, composed of lower than expected tonnage and higher than expected gold 
grade. 
The positive sulfide gold reconciliation was initially encountered in the 
Manganese Pit where the majority of mining took place in 2013.  During 2013, 
sulfide ore stockpiled from this pit totaled 0.8 million tonnes at 4.50g/t 
gold, a positive reconciliation of 36% on a contained ounce basis.  In July 
2013, the Corporation began initial steps to investigate why this positive 
bias was occurring in the Manganese Pit. The positive gold reconciliation 
continued as mining of sulfide ore progressed into the Main and Marble Pits 
towards the end of 2013. Sulfide ore stockpiled from the Main and Marble Pits 
in 2013 totaled 0.5 million tonnes at 5.57 g/t gold, a positive reconciliation 
of 41% on a contained ounce basis. 
The continuing trend of substantial positive gold reconciliation across all 
three pits has recently led the Corporation to commence a systematic and 
structured project to understand the causes of the positive reconciliations on 
a mine-wide basis. This work includes reviewing the drilling database, the 
sulfide resource estimation methodology, the characteristics of the sulfide 
ore mined to date and completing a discrete validation drilling program. This 
reconciliation bias has the potential to provide significant upside to the 
DFS, especially from the Main Pit which contains the majority (+60%) of 
Çöpler's sulfide ore. However, until such work is complete, the impact on 
the DFS is unknown and therefore subject to uncertainty. 
To the extent possible, the outcomes of this resource reconciliation project 
will be incorporated into the DFS. The ability to incorporate this work will 
be dependent on the timely completion of the project and the validation 
drilling program. While this ongoing work may be very important to the DFS, it 
will not preclude the completion of the DFS in Q2 2014. 
Conference Call / Webcast Details 
Alacer will host a conference call on Wednesday, March 12 at 5:30 pm (North 
America Eastern Daylight Time)/ Thursday, March 13 at 8:30 a.m. (Australian 
Eastern Daylight Time). 
You may listen to the call via webcast at 
http://services.choruscall.ca/links/alacer140312.html. The conference call 
presentation will also be available at the link provided prior to the call 
commencing. 
You may participate in the conference call by dialing: 


    1-800-319-4610           for U.S. and Canada
    1-800-423-528            for Australia
    800-930-470              for Hong Kong
    800-101-2425             for Singapore
    1-800-017-8660           for United Kingdom
    1-604-638-5340           for International
    "Alacer Gold Call"       Conference ID


If you are unable to participate in the call, a webcast will be archived until 
Thursday, June 12, 2014 and a recording of the call will be available on 
Alacer's website at www.AlacerGold.com or through replay until Friday, April 
11, 2014 by using passcode 8901# and calling: 


    1-800-319-6413         for U.S. and Canada
    1-800-638-9854         for Australia
    About Alacer

Alacer Gold Corp. is a leading intermediate gold mining company and its world 
-class operation is the 80% owned Çöpler Gold Mine in Turkey.  Alacer also 
has 11 active exploration projects in Turkey which are joint ventures with our 
Turkish partner Lidya Mining.

During 2013, Çöpler produced 216,850 attributable(1) ounces at an All-In 
Costs(2) of $864 per ounce.

Çöpler is currently an open-pit, heap-leach operation that is producing gold 
from oxide ore. The treatment of sulfide ore via pressure oxidation is being 
evaluated and a Definitive Feasibility Study is planned to be completed by 
June 2014.

__________________________
(1) Attributable gold productin is reduced by the 20% non-controlling interest 
at Çöpler.
(2) All-in Costs is a non-IFRS financial performance measure with no 
standardized definition under IFRS. For further information and detailed 
reconciliation, see the "Non-IFRS Measures" section of the MD&A for the year 
ended December 31, 2013.

Cautionary Statements

Except for statements of historical fact relating to Alacer, certain 
statements contained in this press release constitute forward-looking 
information, future oriented financial information, or financial outlooks 
(collectively "forward-looking information") within the meaning of Canadian 
securities laws. Forward-looking information may be contained in this document 
and other public filings of Alacer. Forward-looking information often relates 
to statements concerning Alacer's future outlook and anticipated events or 
results and, in some cases, can be identified by terminology such as "may", 
"will", "could", "should", "expect", "plan", "anticipate", "believe", 
"intend", "estimate", "projects", "predict", "potential", "continue" or other 
similar expressions concerning matters that are not historical facts.

Forward-looking information includes statements concerning, among other 
things, preliminary cost reporting in this news release, production, cost and 
capital expenditure guidance; development plans for processing sulfide ore at 
Çöpler; amount of contained ounces in sulfide ore; results of any grade 
reconciliations; 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 and community relations; 
negotiations of joint ventures, negotiation and completion of transactions; 
commodity prices; mineral resources, mineral reserves, realization of mineral 
reserves, existence or realization of mineral resource estimates; the 
development approach, the timing and amount of future production, timing of 
studies, announcements and analysis, the timing of construction and 
development of proposed mines and process facilities; capital and operating 
expenditures; economic conditions; availability of sufficient financing; 
exploration plans and any and all other timing, exploration, development, 
operational, financial, budgetary, economic, legal, social, 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 Alacer's filings, and include the inherent 
speculative nature of exploration results; the ability to explore; 
communications with local stakeholders and community and governmental 
relations; status of negotiations of joint ventures; weather conditions at 
Alacer's operations, commodity prices; the ultimate determination of and 
realization of mineral reserves; existence or realization of mineral 
resources; the development approach; availability and final receipt of 
required approvals, titles, licenses and permits; sufficient working capital 
to develop and operate the mines and implement development plans; access to 
adequate services and supplies; foreign currency exchange rates; interest 
rates; access to capital markets and associated cost of funds; availability of 
a qualified work force; ability to negotiate, finalize and execute relevant 
agreements; lack of social opposition to the mines or facilities; lack of 
legal challenges with respect to the property of Alacer; the timing and amount 
of future production and ability to meet production, cost and capital 
expenditure targets; timing and ability to produce studies and analysis; 
capital and operating expenditures; economic conditions; availability of 
sufficient financing; the ultimate ability to mine, process and sell mineral 
products on economically favorable terms and any and all other timing, 
exploration, development, operational, financial, budgetary, economic, legal, 
social, regulatory and political factors that may influence future events or 
conditions. While we consider these factors and assumptions to be reasonable 
based on information currently available to us, they may prove to be incorrect.

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 
Alacer's filings at www.sedar.com and other unforeseen events or 
circumstances. Other than as required by law, Alacer does not intend, and 
undertakes no obligation to update any forward-looking information to reflect, 
among other things, new information or future events.



SOURCE  Alacer Gold Corp. 
For further information on Alacer Gold Corp., please contact: 
Lisa Maestas - Director of Investor Relations - North America at  
+1-303-292-1299 Roger Howe - Director of Investor Relations - Australia at  
+61-2-9953-2470 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/March2014/12/c4660.html 
CO: Alacer Gold Corp.
ST: Ontario
NI: MNG PCS CONF  
-0- Mar/12/2014 11:55 GMT
 
 
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