Alacer Gold Corporation (ASX:AQG), (TSX:ASR) have announced positive results of the Cöpler Saddle.
The Saddle borders the western flank of the Çöpler Mine. The initial testing of The Saddle consisted of 50 diamond drill holes with a strike length over 2km.
Diamond drill holes intersected both oxide and sulfide gold mineralisation, some grades and thicknesses which the company says are "impressive".
Alacer’s President and Chief Executive Officer, Rod Antal says "with Ardich already shaping up to be a major discovery, and now with The Saddle showing potential, albeit at an earlier exploration stage, [its] short-term strategy is rapidly becoming a reality".
Shares in Alacer Gold Corporation (ASX:AQG) are trading 3.3 per cent higher at $6.31.