Alacer Gold Corp – CDI
(ASX:AQG) has committed to a $36 million budget to its Australian exploration program for 2013.
The ongoing exploration program has eight drill rigs currently in operation along a 3,400 kilometre tenement holding in Western Australia.
The gold explorer says it has achieved significant highlights in the program thus far, including significant shallow, high grade gold mineralisation in several prospects along the tenement.
CEO David Quinlivan says the results reflect an excellent start to the 2013 exploration field season.
Alacer Gold sank to a net loss of $329.7 million in its 2012 financial year.
