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Last updated on April 16, 2014 at 17:34 EDT

Alacer’s Exploration Update Highlighted by Northern Extension to Copler Main Zone

July 31, 2012

TORONTO, July 31, 2012 /CNW/ – Alacer Gold Corp. (“Alacer”) [TSX:ASR,
ASX:AQG] announces results from the recent exploration programs in
Turkey and Australia.The highlights and details given below indicate significant potential
for growth at Copler, particularly in the Main Zone, as well as
important results in Australia at Chalice, Trident and SBS28. To view
the complete drill assay results, maps and sections relating to this
news release, please visit the following link: http://files.newswire.ca/270/alacergold.pdf

Highlights – Exploration in Turkey

        --  Copler's Main Zone continues to be extended:
      o In the previously untested old Copler Village area, initial
        drilling has intersected thick gold mineralization in all holes.
        Mineralization remains open to the north over a strike length of
        500m in this area of the Main Zone.  Results include 167.5m at
        1.9g/t gold from 114.2m in CDD355A and 91.7m at 1.6g/t gold from
        59.5m in CDD364.
      o High-grade mineralization within the current sulfide pit boundary
        but outside the current resource has been intersected in several
        holes.  Results include 24.3m at 12.6g/t gold from 107.8m in
        CDD357.
      o Extensive gold mineralization continues to be intersected below the
        current sulfide pit boundary and outside the current Main Zone
        resource. Results include:
        # 64.5m at 2.0g/t gold from 67.6m in CDD374;
        # 32.7m at 1.3g/t gold from 160.5m and 39.3m at 2.5g/t gold from
          237.1m in CDD290B; and
        # 11.7m at 6.6g/t gold from 166.5m and 23.4m at 2.7g/t gold from
          196m in CDD352.
        --  Infill drilling within the Main Zone continues to confirm the
            thickness of gold mineralization, with several holes
            intercepting significantly higher grades than currently
            modeled.  Results include 81.2m at 4.4g/t gold from 47.5m in
            CDD362.
        --  Drilling between the Manganese and Main Zones is likely to
            extend the current resource by more than 150m with results
            including 174.2 m at 1.7 g/t gold from 95.3m and 32.0 m at 3.1
            g/t gold from 309.5m in CDD383.
        --  Drilling is continuing to confirm the depth potential below the
            Manganese Zone.  A deep hole on the southern side of the
            Manganese Zone intersected 22.0m at 3.3 g/t gold from 509.0m in
            CDD348.
        --  Gold mineralization has been discovered in the western
            extremities of the Copler valley.  Results include 8m at 5.1g/t
            gold from 106m in CRC880 and 38m at 0.8g/t gold from 2m in
            CRC881.
        --  Drilling continued on the Karakartal porphyry gold-copper
            deposit, located 12km southeast of Copler.  Results are
            confirming the geometry and grade of the current Karakartal
            Resource and include 122.5m at 0.7g/t gold and 0.26% copper
            from surface in KDD046 and 266.0m at 0.4g/t gold and 0.3%
            copper from 140.0m in KDD048.

Highlights – Exploration in Australia

        --  At the Trident underground mine, drilling has identified
            southern extensions to the thick Helios orebody. Results
            include 22.0m at 3.9g/t gold from 266.0m in TUG1902.
        --  At the Chalice underground mine, drilling between the Atlas and
            Olympus Lodes has continued to intersect thick high-grade
            mineralization outside of the current resource boundary,
            including 40.4m at 6.4g/t gold in CHUG0113.
        --  At Higginsville's Corona Prospect, drilling has identified a
            second zone of laminated quartz veining over 150m south of the
            previously announced high-grade Corona shoot.
        --  Drilling at Surprise, part of the SBS28 Complex, has confirmed
            continuity of high-grade mineralization up to 200m below the
            existing pit.  Recent results include 7m at 42.5g/t from 97m
            and 5m at 11.5g/t from 107m in SD042.
        --  Drilling at Barbara, part of the SBS28 Complex, has intercepted
            high-grade mineralization below the historical underground
            workings.  New drilling results include 3m at 8.2g/t gold from
            299m in BU213.

Edward Dowling, President and CEO of Alacer, stated “Drilling at Copler
continues to extend known gold mineralization in various areas and this
multi-million ounce deposit remains open in most directions. Most of
these recent Copler drillholes have multiple intervals of thick gold
mineralization and are so extensive that it makes it difficult to
summarize in a few sentences.

We are pleased to provide initial drilling results from under the old
Copler village which we have long suspected would be a well mineralized
area near the center of the Copler deposit. Thick intervals of gold
mineralization have been intersected in all the initial holes under the
old village which provides a significant northern extension to the Main
Zone. Additionally, infill drilling in the Main Zone has confirmed
significantly higher grades than currently modeled.

In Australia, we are also receiving encouraging results. At the Chalice
Mine in Australia, drilling has continued to confirm thick high-grade
gold mineralization outside of the current resource at the newly named
Grampians Lode. Positive results were also received at Surprise and
Barbara, part of the SBS28 complex at our South Kalgoorlie Operations,
confirming continuity of narrow high-grade gold mineralization.”

Copler Exploration

An updated Copler resource estimate was released on February 27, 2012
and an associated Technical Report was released April 12, 2012. The
total Measured and Indicated Resources(1) is 148.9 million tonnes at a grade of 1.53g/t gold, containing a total
of 7.3 million ounces (inclusive of reserves). This Resource included
data from drilling completed to September 3, 2011.

Approximately 37km of further drilling has been completed since the
resource update was completed up until April 2012 with the results from
this drilling published on January 24, 2012 and May 7, 2012. An
additional 22km of drilling was completed during Q2 2012 and is the
subject of this release.

During the quarter, exploration activity at Copler focused on extending
the Main Zone to the north in the previously untested old Copler
Village area, down-dip extensions to the Main Zone and Manganese Zone,
and infilling the Main Zone. Nine surface drilling rigs are currently
on site at Copler.

Work is in progress to finalize a new Copler resource estimate during Q3
2012
. The new estimate will include additional data from drilling completed
from September 3, 2011 to June 30, 2012.


      1 Measured Resources = 100.3 million tonnes at 1.68g/t gold,
      containing 5.42 million ounces and Indicated Resources = 48.6 million
      tonnes at 1.21g/t gold, containing 1.89 million ounces (as at
      December 31, 2011 on a 100% basis).

Old Copler Village Drilling

The drilling under the old Copler Village began early in Q2 2012, which
enabled exploration of this highly prospective area adjacent to the
northern margin of the Main Zone.

All drillholes within the old village area have intersected thick
sulfide mineralization, located up to 100m north of the current
resource boundary. Recent results which all are outside the boundary
of the February 2012 Mineral Resource include:

        --  11.7m at 6.6g/t gold from 166.5m and 23.4m at 2.7g/t gold from
            196.0m in CDD352;
        --  40.0m at 1.8g/t gold from 134.1m in CDD354;
        --  167.5m at 1.9g/t gold from 114.2m in CDD355A;
        --  8.8m at 2.1g/t gold from 64.2m, 8.8m at 2.7g/t gold from 76m,
            7.8m at 1.9g/t gold from 110.2m, and 9.2m at 2.5g/t gold from
            131.9m in CDD359;
        --  49.5m at 1.3g/t gold from 65.5m, 7.5m at 3.2g/t gold from
            141.5m, and 21.9m at 2.6g/t gold from 197.4m in CDD363;
        --  91.7m at 1.6g/t gold from 59.5m in CDD364;
        --  51.8m at 1.3g/t gold from 46.1m, 26.7m at 1.1g/t gold from
            124.1m, and 10.8m at 3.0g/t gold from 301m in CDD365;
        --  47.1m at 1.6g/t gold from 71.3m in CDD370; and
        --  6.0m at 5.8g/t gold from 75.0m, 31.9m at 1.4g/t gold from
            98.2m, and 33m at 2.1g/t gold from 140.6m in CDD380.

All downhole intervals are estimated to be 50-80% of true width.

Mineralization remains open to the north over a strike length of 500m and drilling is in progress to test for further extensions.

Main Zone Drilling

Drilling at the Main Zone has concentrated on infill drilling and
testing depth extensions below the currently defined pit boundary.

The infill drill program is continuing on the Main Zone in order to
provide additional data for the Copler Sulfide Feasibility Study.
Drilling is targeted to bring the drill spacing down to less than 50m
by 50m and provide an improved geological and grade estimation model
for detailed mine planning and optimization.

CDD290B was completed 50m north of the previously reported thick
intersection of CDD296A (323m at 1.5g/t gold). CDD290B intersected
32.7m at 1.3g/t gold from 160.5m, 7.0m at 2.4g/t gold from 219.5m and
39.3m at 2.5g/t gold from 237.1m, all below the current sulfide pit and
resource boundaries.

Deeper results from infill drilling in the core of Main Zone have
returned strong mineralization below the current sulfide pit and
resource boundaries. Results included 11.7m at 6.6g/t gold from 166.5m
and 23.4m at 2.7g/t gold from 196.0m in CDD352 (see Figure 2 above),
64.5m at 2.0g/t gold from 67.6m in CDD374, and 38.8m at 2.4g/t gold
from 200.9m and 42.8m at 1.5g/t gold from 256.6m in CDD379. CDD357 intersected 24.3m at 12.6g/t gold from 107.8m from central Main
Zone
. This intersection lies within the current sulfide pit boundary but
outside the current resource boundary.

The majority of the shallower infill drill results are confirming
thicknesses of mineralization, but with several holes indicating
improved grades with the potential to add ounces to the current Mineral
Resource
. Results include:

        --  CDD351 - 10.3m at 7.3g/t gold from 225.1m;
        --  CDD352 - 55.2m at 1.6g/t gold from surface;
        --  CDD353 - 33.5m at 2.2g/t gold from 55m;
        --  CDD362 - 81.2m at 4.4g/t gold from 47.5m; and
        --  CDD371 - 20.5m at 1.9g/t gold from surface (oxide) and 47.2m at
            2.0g/t from 48.3m.

All downhole intervals are estimated to be 80-100% of true width.

Manganese Zone Drilling

Drilling immediately to the east of the old Copler village between the Manganese and Main Zones is likely to extend the current
resource by more than 150m with results including 174.2m at 1.7g/t gold
from 95.3m and 32.0m at 3.1g/t gold from 309.5m in CDD383
. Further drilling is in progress to test the potential for these depth
extensions to be continuous between these two zones.

Drilling is continuing to confirm the potential that exists at depth
below the Manganese Zone. A deep hole at the southern edge of the Manganese Zone intersected 22m
at 3.3g/t gold from 509m. This intersection lies 50m east and deeper
than the previous high-grade intercept in CDD274 of 100.1m at 4.1g/t
gold
. This drilling is confirming continuity of higher grade mineralization
at depth and indicates potential for underground mining. Manganese
Zone mineralization remains open at depth and to the east. Further
deep drilling in this area is in progress. Downhole intervals are
estimated to be 70% of true width.

Western Zone Drilling

Reverse Circulation (“RC”) drilling focused on testing for
mineralization at the northwest corner of the Copler Valley. Drilling has confirmed several zones of narrow oxide and sulfide
mineralization
. Best results include:

        --  8m at 5.1g/t gold from 106m in CRC880 immediately north of the
            West Zone;
        --  38m at 0.8g/t gold from 2m in CRC881;
        --  5m at 1.8g/t gold from surface in CRC879; and
        --  1m at 12.1g/t gold from 25m in CRC877 at Main Zone West.

Planned 2012 Copler Exploration

The Copler 2012 exploration budget is $10 million (2011: $8 million).
The key objective of the Copler 2012 exploration program is to broadly
determine the ultimate size potential of the Copler orebody and to
better understand the controls on mineralization.

Diamond and RC drilling during 2012 will continue to complete infill
drilling and test for depth and lateral extensions to known gold
mineralization.

Copler Regional Exploration

Exploration of the Copler District is at an early stage due to the
exploration effort having been focused on the Copler deposit until late
2011. Drilling continued during the quarter at Karakartal and
Findiklidere with geochemical and geophysical surveys completed over
the 12km north-south Yakuplu to Karakartal mineralized trend. The
tenements in this region are owned in a 50/50 joint venture with Lidya
Mining.

Karakartal is a gold-rich porphyry copper deposit located approximately
12km southeast of Copler. The current Indicated Resources are 13.8
million tonnes at 0.46g/t gold and 0.29% copper and Inferred Resources
are 17.8 million tonnes at 0.32g/t gold and 0.22% copper (100% basis).

A diamond drilling program commenced during Q4 2011 at Karakartal which
aims to:

        --  determine the scale and grade of a potentially higher grade
            core to the Karakartal porphyry; and
        --  identify potential shallow high-grade oxide ore sources for the
            nearby Copler Plant.

Six diamond drill rigs are active at Karakartal and Findiklidere with a
total of 8,852m completed during Q2 2012.

Drill results to date are confirming the continuity of the moderate
grade mineralization at Karakartal. The deposit has been drilled over
an 800m strike length and 100-250m width at a typical grade of 0.4 to
0.6g/t gold and 0.25 to 0.4% copper. Best results include:

        --  122.5m at 0.66g/t gold and 0.26% copper from surface, 84m at
            0.40g/t gold and 0.20% copper from 142 m, 32m at 0.31g/t gold
            and 0.23% copper from 243.3m and 33.5m at 0.31g/t gold and
            0.31% copper from 289.5 m in KDD046; and
        --  266m at 0.40g/t gold and 0.30% copper from 140m in KDD048.

Ground magnetic and induced polarization (“IP”) geophysical surveys were
completed on the Yakuplu and North Karakartal areas where geochemical
soil samples up to 0.59g/t gold were returned during 2011. Mapping and
rock-chip sampling was carried out across the Yakuplu target where
several targets have been identified for follow up drill testing to be
completed in Q3 2012. Further geochemical and geophysical surveys are
in progress across the Yakuplu to Karakartal trend prior to drill
testing of the highest priority anomalies.

Drilling is planned to continue at the Yakuplu to Karakartal region over
the summer of 2012.

Higginsville Exploration

Exploration activity at Higginsville focused on Corona, the Higginsville
Line of Lode Framework program and regional anomaly definition across
Alacer’s large Higginsville tenure including Chalice and Challenge.
Drilling at the Chalice and Trident underground mines intercepted gold
mineralization in gaps between current resources at both operations.

Chalice

Drilling continued from underground drill platforms in the Chalice Mine,
primarily targeting the previously sparsely drilled gap between Atlas
and Olympus Lodes. This drilling has confirmed continuity of thick, high-grade
mineralization outside the current Chalice Mineral Resource over a 150m
strike extent and up to 80m dip extent which has been named the
Grampians Lode
. Results from Q2 2012 drilling include:

        --  32.0m at 4.8g/t gold in CHUG0112
        --  40.4m at 6.4g/t gold in CHUG0113
        --  54.0m at 2.6g/t gold in CHUG0114
        --  28.0m at 6.1g/t gold in CHUG0158
        --  35.0m at 4.3g/t gold in CHUG0163

The Grampians Lode lies close to the planned decline to the Olympus Lode
and is likely to provide additional near-term ore to the Chalice mine
plan.

Corona

The high-grade Corona discovery (VIND047 which intersected 2.35m at
658g/t gold from 181.1m) was announced on January 24, 2012. Corona is
located approximately 2.5km south of the Higginsville plant and gold
mineralization at Corona is associated with a 0.5 to 2.0m wide, steeply
east-dipping, north-south striking laminated quartz vein. Drilling to
date has delineated a high-grade vein that is continuous over 50 to
100m in strike and more than 300m in dip and is part of a more
extensive 2 to 10m wide shear zone.

Follow-up drilling continued at the Corona prospect during the quarter.
A series of surface diamond drillholes outlined a second zone of laminated quartz veining over 150m south of
the main Corona shoot
. The laminated quartz veins contain accessory arsenopyrite and galena,
with visible gold observed in one hole. Further follow-up drilling is
required to test for a potential second high-grade shoot in this area.

Three additional diamond drill holes were completed during the quarter
to test the depth extent of the Corona structure. A large thrust was
intersected at the expected depth and is interpreted to represent the
termination of the Corona structure at approximately 450m below
surface.

Assay results received from Corona drilling to date are shown in the
diagram below.

The Alacer Board of Directors recently approved an exploration decline to access the Corona deposit
and exploratory drilling from underground
. The Corona deposit will be accessed via a single 0.95km decline using
the Fairplay open pit as a portal location. The very high-grade core of
the Corona deposit is located 200m to 350m below surface. The Corona
decline will provide underground drill platforms for approximately 1km
of strike along the highly prospective Higginsville Line of Lode.

The very high-grade core of the ore body is currently open up and
down-dip with underground infill drilling planned, while the decline
will provide drill platforms for targeting additional mineralized
structures.

Trident

The Trident decline reached 682mRL at the end of the quarter. This
development has enabled underground drill platforms to be set up on
744mRL to drill the top portions of both the Artemis and Helios Lodes.
Drilling initially targeted the previously undrilled area between
Helios and Artemis. Two drillholes have tested this gap and have confirmed an average 60m
southern extension to the Helios Lode over a dip extent of greater than
100m
. Results include 22.0m at 3.9g/t gold from 266.0m in TUG1902 and
17.5m at 2.9g/t gold from 182.0m in TUG1900. True width is estimated
at 65-70% of downhole width. Further drilling is in progress to
determine the ultimate extent and geometry of Helios prior to final
resource estimation and mine design.

Other Higginsville Exploration

        --  The Higginsville Framework drilling program neared completion
            as drilling during the quarter was carried out on the
            Aphrodite, Graveyard and Vine framework sections at the
            southern end of the Higginsville Line of Lode.
        --  Aircore and rotary air blast ("RAB") drilling has been
            completed in the Challenge, Chalice and Lake Cowan areas.
            Several small scale regolith anomalies have been defined
            requiring follow-up RC drilling.
        --  RC drilling testing continued on regolith anomalies within the
            Challenge area.  Several intersections of significance warrant
            follow-up RC drill testing.
        --  Initial diamond drilling at Bullseye at Challenge and Sinclair
            Soak on Lake Cowan indicate the presence of low-grade
            mineralization.  Further drilling is required to determine the
            significance of this mineralization.

South Kalgoorlie Exploration

South Kalgoorlie exploration during Q2 2012 was focused on testing for
open-pit extensions at the Shirl-Barbara-Surprise-Pit28 (“SBS28″)
complex, Mt Martin and the Peaceful Gift/Chief’s Lode and Pernatty/TNT
areas to the north of the HBJ Pit.

SBS28

Located near Coolgardie and 35km west of the Jubilee processing plant,
the SBS28 Complex is a 3km-long mineralized zone that has been
sporadically mined under fragmented ownership over the past 70 years.
The various styles of gold mineralization at the SBS28 Complex are
indicative of a large system of mineralization. The controls on
mineralization are becoming better understood as drilling is
progressively following up widespread, high-grade gold mineralization
defined by previous drilling and mining.

Surprise is an old open pit and underground complex located near the
northeast corner of the SBS28 complex. Historical production is
estimated at 330,000 tonnes at 7.2g/t gold for 77,000 ounces. Resource
definition RC drilling is in progress to test for the shallow (<200m
deep) ore potential at Surprise. Results are confirming continuity of narrow high-grade mineralized
surfaces along the strike of the Surprise trend
. Results received for drilling during the quarter include:

        --  2m at 20.4 g/t gold from 11m in SD023
        --  8m at 2.5g/t gold from 49m in SD029
        --  6m at 3.6g/t gold from 154m in SD034
        --  11m at 5.8g/t gold from 47m in SD036
        --  22m at 16.7g/t gold from 96m in SD042, including 7m at 42.5g/t
            from 97m and 5m at 11.5g/t from 107m
        --  2m at 12.7g/t gold from 196m in SD075
        --  3m at 6.6g/t gold from 124m in SD079

Excellent potential exists for further open pit and underground mining
at Surprise.

Three deeper diamond drillholes have been completed at Barbara located
near the northwestern corner of the SBS28 Complex. Two of the holes
returned high-grade results below the existing old workings. These
initial holes provide encouragement that significant underground
potential exists at depth and follow-up diamond drilling is planned.
Results include:

        --  3.0m at 8.2g/t gold from 299m in BU212 immediately below the
            old workings; and
        --  0.9m at 6.9g/t gold from 497m and 0.8m at 9.9g/t gold from
            503.2m in BU203 over 100m below the lowest historical
            underground development level.

All downhole intervals at SBS28 are estimated to be 60-80% of true width.

Other South Kalgoorlie Exploration

        --  A large program of infill, extensional and sterilization
            drilling has continued at Mt Martin to enable better pit
            optimization prior to mining recommencing.
        --  Drilling at Peaceful Chief has confirmed previous results.
            Resource estimation will commence when all assay results are
            returned.
        --  A strategic full-field targeting exercise across the SKO tenure
            was 90% complete by quarter end.  A total of 327 exploration
            targets were identified and documented.  Target prioritization
            is near completion with several high-priority targets
            identified.  
        --  Early stage aircore drilling beneath cover has commenced on
            several high-priority exploration targets generated from this
            full-field targeting exercise.

Other Information

Technical Procedural Information

The information in this report which relates to Exploration Results and
Mineral Resources is based on information compiled by Chris Newman, a
full time employee of Alacer Gold Corporation and who is a Member of
the Australasian Institute of Mining and Metallurgy and a Member of the
Australian Institute of Geoscientists. Mr Newman has sufficient
experience which is relevant to the style of mineralization and type of
deposit under consideration and to the activity which is being
undertaking to qualify as a Competent Person as defined in the 2004
Edition of the “Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves” and a qualified person pursuant to
National Instrument 43-101 of the Canadian Securities Administration.
Mr Newman consents to the inclusion in the report of the matters based
on this information in the form and context in which it appears.

Exploration drilling and sampling in Turkey utilized surface NQ2 diamond
core and Reverse Circulation (“RC”). Reverse circulation cuttings were
sampled on 1.0m intervals and core was sampled at geologically selected
intervals ranging from 0.7m to 2.0m, but generally 1.0m as sawn half
core or hand split if clay. Drill samples were performed by ALS-Chemex
in Vancouver, BC, Canada, for gold by Fire Assay off a 30 gram charge
with an AA finish. Quality Assurance/Quality Control included the
insertion and continual monitoring of numerous standards and blanks
into the sample stream, and the collection of duplicate samples at
regular intervals within each batch. Selected holes are also analysed
for a 33-element four acid ICP–AES. Exploration and drilling results
are reported as drilled thicknesses. Drill composites were calculated
using a cut-off of approximately 0.3g/t gold for oxide and 0.6g/t gold
for sulfide. No top cut was applied.

Exploration drilling and sampling in Australia utilized surface HQ and
NQ2 diamond core, RC and aircore. Drill core was sawn half core and
submitted for assaying. Dependent on the ore body geometry, core sample
lengths were constrained by geology, alteration or structural
boundaries and sample lengths varied between a minimum of 0.5m to a
maximum of 1.3m. Reported results from RC samples were collected on 1m
riffle split intervals and from 4m composite samples using aircore. At
Higginsville, RC and diamond drill samples were assayed with fire assay
with an AAS finish on 50g charges via Genalysis Laboratories in
Kalgoorlie and Perth or by pulverise and leach (PAL1000B) with an AAS
finish on 500 750g charges at the Higginsville Intertek laboratory.
Aircore samples were analysed via low-level aqua regia digestion at
Ultratrace and SGS Laboratories in Perth. Internationally accepted
standards and blanks were utilised to check on laboratory assay quality
control. At South Kalgoorlie, samples were assayed with fire assay with
an AAS finish on 50g charges via SGS Laboratories in Kalgoorlie. Blanks
and Assay Pills were utilised to check on laboratory assay quality
control. Exploration and drilling results are reported as drilled
thicknesses. Drill composites were calculated using a cut off of
approximately 0.8g/t gold. No top cut was applied.

Detailed Drillhole Data

     _____________________________________________________
    |         Copler  - Summary of Drillhole Locations    |
    |_____________________________________________________|
    |  Hole  |Easting|Northing|Elevation|Azimuth|Dip|Depth|
    | Number |       |        |   (m)   |       |   | (m) |
    |________|_______|________|_________|_______|___|_____|
    |CDD 279B| 459264| 4363977|   1215  |   360 |-60| 210 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 283C| 459320| 4363912|   1217  |   360 |-60| 370 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 290B| 458998| 4363958|   1215  |   360 |-60| 404 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 348 | 460144| 4364004|   1261  |   360 |-60| 624 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 350 | 459211| 4363612|   1284  |   360 |-60| 265 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 351 | 459701| 4364138|   1216  |   360 |-60| 368 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 352 | 459147| 4364061|   1223  |   360 |-60| 255 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 353 | 458941| 4363960|   1219  |   360 |-60| 343 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 354 | 459096| 4364207|   1186  |       |-90| 297 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 355 | 459155| 4364181|   1189  |   360 |-60|  53 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 355A| 459154| 4364181|   1189  |   360 |-60| 303 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 356 | 459039| 4363752|   1252  |   360 |-60| 349 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 357 | 458990| 4363774|   1254  |   360 |-60| 376 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 359 | 459107| 4364300|   1157  |   180 |-60| 251 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 360 | 459000| 4364288|   1163  |       |-90| 325 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 362 | 459399| 4364051|   1176  |   360 |-60| 301 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 363 | 459201| 4364110|   1212  |   360 |-60| 268 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 364 | 459298| 4364106|   1198  |   360 |-60| 310 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 365 | 459245| 4364116|   1206  |   360 |-60| 355 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 366 | 458701| 4363446|   1307  |   360 |-60| 122 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 367 | 459385| 4363725|   1242  |   360 |-60| 360 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 368 | 458553| 4364080|   1219  |   180 |-60| 419 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 369 | 459042| 4364249|   1156  |   180 |-60| 188 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 370 | 459298| 4364041|   1204  |   360 |-60| 334 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 371 | 459193| 4363937|   1229  |   360 |-60| 357 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 372 | 458732| 4363883|   1219  |   360 |-60| 267 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 374 | 459194| 4363851|   1244  |   360 |-60| 382 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 376 | 458540| 4363959|   1206  |   180 |-60| 307 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 377 | 459494| 4364243|   1205  |       |-90| 423 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 379 | 458960| 4363879|   1239  |   360 |-60| 404 |
    |________|_______|________|_________|_______|___|_____|
    |CDD 380 | 458694| 4363872|   1228  |   180 |-60| 206 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 865A| 458029| 4363754|   1331  |   90  |-60| 208 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 870A| 457935| 4364108|   1332  |   180 |-60| 203 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 871A| 457874| 4364098|   1351  |   180 |-60| 204 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 872 | 458069| 4364093|   1318  |   180 |-60| 176 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 873 | 458017| 4364097|   1329  |   180 |-60| 192 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 874 | 457887| 4363957|   1356  |   180 |-60| 120 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 875 | 457917| 4363900|   1345  |   90  |-60| 126 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 876 | 457956| 4363855|   1338  |   90  |-60| 120 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 877 | 457965| 4363832|   1338  |   90  |-60| 172 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 878 | 458014| 4363785|   1332  |   90  |-60| 198 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 879 | 458186| 4363678|   1301  |   360 |-60|  66 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 879A| 458186| 4363675|   1302  |   360 |-60|  60 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 880 | 458126| 4363643|   1325  |   360 |-60| 177 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 881 | 458207| 4363984|   1260  |   220 |-60| 156 |
    |________|_______|________|_________|_______|___|_____|
    |CRC 882 | 458140| 4363966|   1279  |   180 |-60| 210 |
    |________|_______|________|_________|_______|___|_____|

     __________________________________________________________________
    |               Copler - Summary of Diamond Drilling Results      |
    |_________________________________________________________________|
    |         | Zone / |        |      |Intercept|     |              |
    |   Hole  |Section |        |      |   (m)   |Gold |              |
    |  Number |  Line  |From (m)|To (m)|         |(g/t)|     Remarks  |
    |_________|________|________|______|_________|_____|______________|
    |CDD-279B |        |   3.0  |  7.1 |    4.1  | 1.1 |      Oxide   |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   7.1  | 11.6 |    4.5  | 1.1 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   27.0 | 29.0 |    2.0  | 1.0 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   48.9 | 49.6 |    0.7  | 1.2 |    Sulphide  |
    |_________|  Main  |________|______|_________|_____|______________|
    |         |Zone / L|   58.0 | 59.0 |    1.0  | 1.7 |    Sulphide  |
    |_________|59250 E |________|______|_________|_____|______________|
    |         |        |   72.1 | 73.0 |    0.9  | 1.7 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   80.5 |122.6 |   42.1  | 1.2 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  126.6 |139.7 |   13.1  | 1.2 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  154.8 |165.6 |   10.8  | 1.7 |    Sulphide  |
    |_________|________|________|______|_________|_____|______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    |CDD-283C |        |   0.8  |  3.4 |    2.6  | 4.4 |      Oxide   |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   3.4  | 25.2 |   21.8  | 3.2 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   29.3 | 30.4 |    1.1  | 1.4 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   59.7 | 63.7 |    4.0  | 1.2 |    Sulphide  |
    |_________|  Main  |________|______|_________|_____|______________|
    |         |Zone / L|  105.9 |126.5 |   20.6  | 1.2 |    Sulphide  |
    |_________|59300 E |________|______|_________|_____|______________|
    |         |        |  158.0 |159.3 |    1.3  | 1.6 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  166.5 |168.0 |    1.5  | 1.1 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  238.7 |242.0 |    3.3  | 1.9 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  247.9 |250.0 |    2.1  | 2.3 |    Sulphide  |
    |_________|________|________|______|_________|_____|______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    |CDD-290B |        |   0.0  | 14.3 |   14.3  | 2.8 |      Oxide   |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   24.9 | 28.2 |    3.3  | 1.5 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   57.2 | 59.2 |    2.0  | 1.0 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   62.0 | 64.0 |    2.0  | 0.8 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  108.6 |111.9 |    3.3  | 1.1 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  114.9 |115.9 |    1.0  | 1.5 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |  Main  |  124.2 |140.6 |   16.4  | 1.1 |    Sulphide  |
    |_________|Zone / L|________|______|_________|_____|______________|
    |         |59000 E |  144.6 |146.6 |    2.0  | 1.3 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  148.6 |149.6 |    1.0  | 2.9 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  153.7 |154.7 |    1.0  | 1.9 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  160.5 |193.2 |   32.7  | 1.3 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  219.5 |226.5 |    7.0  | 2.4 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  237.1 |276.4 |   39.3  | 2.5 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |including|        |  248.1 |258.8 |   10.7  | 3.5 |    Sulphide  |
    |_________|________|________|______|_________|_____|______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-348 |Mn Mine |  509.0 |531.0 |   22.0  | 3.3 |      Oxide   |
    |_________|Zone / L|________|______|_________|_____|______________|
    |including|60150 E |  521.8 |526.6 |    4.8  | 9.8 |      Oxide   |
    |_________|________|________|______|_________|_____|______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-350 |        |   9.1  | 17.5 |    8.4  | 1.6 |      Oxide   |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   25.0 | 29.0 |    4.0  | 1.2 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |  Main  |   33.0 | 38.0 |    5.0  | 2.1 |    Sulphide  |
    |_________|Zone / L|________|______|_________|_____|______________|
    |         |59200 E |  206.2 |212.1 |    5.9  | 1.2 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  253.2 |257.8 |    4.6  | 1.4 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  261.6 |263.0 |    1.4  | 1.3 |    Sulphide  |
    |_________|________|________|______|_________|_____|______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-351 |        |  179.0 |187.7 |    8.7  | 0.7 |      Oxide   |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  201.3 |205.3 |    4.0  | 3.1 |      Oxide   |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  216.9 |218.4 |    1.5  | 1.3 |      Oxide   |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  225.1 |235.4 |   10.3  | 7.2 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  241.4 |244.4 |    3.0  | 2.1 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  250.7 |254.4 |    3.7  | 0.8 |    Sulphide  |
    |_________|Mn-Mine |________|______|_________|_____|______________|
    |         |Zone / L|  256.4 |258.4 |    2.0  | 1.0 |    Sulphide  |
    |_________|59700 E |________|______|_________|_____|______________|
    |         |        |  269.4 |274.4 |    5.0  | 0.8 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  289.6 |295.5 |    5.9  | 0.8 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  304.6 |305.8 |    1.2  | 1.2 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  318.6 |320.6 |    2.0  | 0.9 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  332.7 |333.7 |    1.0  | 1.1 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  336.7 |339.7 |    3.0  | 1.0 |    Sulphide  |
    |_________|________|________|______|_________|_____|______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-352 |        |   0.0  | 55.2 |   55.2  | 1.6 |Oxide+Sulphide|
    |_________|        |________|______|_________|_____|______________|
    |including|        |   0.0  | 17.5 |   17.5  | 1.3 |      Oxide   |
    |_________|        |________|______|_________|_____|______________|
    |including|        |   27.8 | 38.5 |   10.7  | 2.8 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |including|        |   43.6 | 47.6 |    4.0  | 4.1 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   62.4 | 67.3 |    4.9  | 1.5 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   74.3 | 76.3 |    2.0  | 1.0 |    Sulphide  |
    |_________|  Main  |________|______|_________|_____|______________|
    |         |Zone / L|   81.6 | 92.8 |   11.2  | 1.8 |    Sulphide  |
    |_________|59150 E |________|______|_________|_____|______________|
    |         |        |  109.6 |116.3 |    6.7  | 2.6 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  129.5 |134.8 |    5.3  | 1.5 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  152.0 |154.0 |    2.0  | 2.0 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  166.5 |178.2 |   11.7  | 6.6 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  196.0 |219.4 |   23.4  | 2.7 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |including|        |  198.1 |213.2 |   15.1  | 3.3 |    Sulphide  |
    |_________|________|________|______|_________|_____|______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-353 |        |   0.0  | 21.8 |   21.8  | 0.7 |      Oxide   |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   55.0 | 88.5 |   33.5  | 2.3 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  160.0 |168.1 |    8.1  | 1.5 |    Sulphide  |
    |_________|  Main  |________|______|_________|_____|______________|
    |         |Zone / L|  172.2 |188.4 |   16.2  | 1.0 |    Sulphide  |
    |_________|58950 E |________|______|_________|_____|______________|
    |         |        |  219.7 |224.0 |    4.3  | 2.1 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  260.4 |261.4 |    1.0  | 1.6 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  265.4 |266.4 |    1.0  | 5.8 |    Sulphide  |
    |_________|________|________|______|_________|_____|______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-354 |        |   45.3 | 49.1 |    3.8  | 2.9 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |   97.2 | 99.2 |    2.0  | 2.3 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  114.9 |115.9 |    1.0  | 1.1 |    Sulphide  |
    |_________|  Main  |________|______|_________|_____|______________|
    |         |Zone / L|  134.1 |174.1 |   40.0  | 1.8 |    Sulphide  |
    |_________|59100 E |________|______|_________|_____|______________|
    |         |        |  189.5 |191.0 |    1.5  | 1.6 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  269.6 |273.6 |    4.0  | 4.6 |    Sulphide  |
    |_________|        |________|______|_________|_____|______________|
    |         |        |  295.8 |297.0 |    1.2  | 1.1 |    Sulphide  |
    |_________|________|________|______|_________|_____|______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-355 |        |                                              |
    |_________|  Main  |                                              |
    |         |Zone / L|                  No Signficant Results       |
    |         |59150 E |                                              |
    |         |        |                                              |
    |_________|________|______________________________________________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    |CDD-355A |        |  114.2 |281.7 |   167.5 | 1.9 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |including|  Main  |  136.5 |164.4 |   27.9  | 3.6 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |including|59150 E |  182.6 |185.6 |    3.0  | 8.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |including|        |  193.7 |197.8 |    4.1  | 4.5 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |               |         |     |               |
    |_________|________|_______________|_________|_____|_______________|
    | CDD-356 |        |   17.0 | 18.0 |    1.0  | 1.7 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   48.0 | 49.0 |    1.0  | 1.2 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  185.6 |186.0 |    0.4  | 2.3 |     Sulphide  |
    |_________|  Main  |________|______|_________|_____|_______________|
    |         |Zone / L|  277.7 |282.7 |    5.0  | 2.2 |     Sulphide  |
    |_________|59050 E |________|______|_________|_____|_______________|
    |         |        |  287.2 |292.2 |    5.0  | 5.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  313.5 |318.2 |    4.7  | 1.8 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  336.6 |337.5 |    0.9  | 1.3 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-357 |        |   0.0  | 15.5 |   15.5  | 1.4 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   22.1 | 23.1 |    1.0  | 1.8 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   34.1 | 36.1 |    2.0  | 1.7 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   42.0 | 44.2 |    2.2  | 4.2 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |  Main  |   61.5 | 87.3 |   25.8  | 2.7 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |         |59000 E |  107.8 |132.1 |   24.3  |12.6 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  146.4 |147.4 |    1.0  | 1.6 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  154.4 |155.4 |    1.0  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  239.5 |240.5 |    1.0  | 1.3 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  350.8 |351.8 |    1.0  | 2.3 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-359 |        |   0.0  |  8.7 |    8.7  | 0.4 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   27.0 | 29.0 |    2.0  | 2.2 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |  Main  |   51.3 | 54.3 |    3.0  | 1.9 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |         |59100 E |   57.2 |123.1 |   65.9  | 1.3 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  131.9 |141.1 |    9.2  | 2.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  151.3 |158.1 |    6.8  | 1.6 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-360 |        |   24.5 | 26.5 |    2.0  | 1.7 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   44.4 | 45.4 |    1.0  | 1.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  138.2 |139.2 |    1.0  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  161.5 |164.7 |    3.2  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  191.2 |193.1 |    1.9  | 1.5 |     Sulphide  |
    |_________|  Main  |________|______|_________|_____|_______________|
    |         |Zone / L|  245.0 |247.0 |    2.0  | 1.7 |     Sulphide  |
    |_________|59000 E |________|______|_________|_____|_______________|
    |         |        |  265.0 |266.0 |    1.0  | 2.8 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  267.0 |268.0 |    1.0  | 2.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  272.6 |274.9 |    2.3  | 0.9 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  287.0 |289.1 |    2.1  | 1.4 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  291.1 |292.0 |    0.9  | 1.6 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-362 |        |   47.5 |128.7 |   81.2  | 4.4 |Oxide+Sulphide |
    |_________|  Main  |________|______|_________|_____|_______________|
    |including|  Zone  |   53.8 | 66.1 |   12.3  |23.5 |       Oxide   |
    |_________|East / L|________|______|_________|_____|_______________|
    |         |59400 E |  184.7 |187.4 |    2.7  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  291.1 |292.0 |    0.9  | 6.8 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-363 |        |   0.0  | 53.5 |   53.5  | 1.5 |Oxide+Sulphide |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   65.5 | 83.5 |   18.0  | 1.7 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   86.5 |115.0 |   28.5  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  141.5 |149.0 |    7.5  | 3.2 |     Sulphide  |
    |_________|  Main  |________|______|_________|_____|_______________|
    |         |Zone / L|  155.0 |158.0 |    3.0  | 1.6 |     Sulphide  |
    |_________|59200 E |________|______|_________|_____|_______________|
    |         |        |  167.0 |177.3 |   10.3  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  182.6 |184.6 |    2.0  | 2.0 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  197.4 |219.3 |   21.9  | 2.6 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  225.5 |226.5 |    1.0  | 1.5 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-364 |        |   59.5 |151.2 |   91.7  | 1.6 |     Sulphide  |
    |_________|  Main  |________|______|_________|_____|_______________|
    |including|Zone / L|  146.2 |151.2 |    5.0  | 7.6 |     Sulphide  |
    |_________|59300 E |________|______|_________|_____|_______________|
    |         |        |  274.5 |276.3 |    1.8  | 1.5 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-365 |        |   31.3 | 32.3 |    1.0  | 1.3 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   36.3 | 37.2 |    0.9  | 1.4 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   46.1 | 97.9 |   51.8  | 1.3 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  103.0 |107.0 |    4.0  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  111.0 |115.0 |    4.0  | 1.0 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |  Main  |  124.1 |150.8 |   26.7  | 1.1 |     Sulphide  |
    |_________|  Zone  |________|______|_________|_____|_______________|
    |         |East/ L |  168.3 |171.5 |    3.2  | 4.8 |     Sulphide  |
    |_________|59250 E |________|______|_________|_____|_______________|
    |         |        |  176.6 |177.6 |    1.0  | 2.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  196.2 |198.2 |    2.0  | 1.4 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  283.8 |284.8 |    1.0  | 1.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  301.0 |311.8 |   10.8  | 3.0 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  333.8 |335.1 |    1.3  | 1.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  352.5 |354.0 |    1.5  | 3.8 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-366 |  Main  |   92.5 | 94.8 |    2.3  | 2.4 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |         |58700 E |   98.0 |100.0 |    2.0  | 1.4 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-367 |        |  137.0 |146.0 |    9.0  | 1.6 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |  Main  |  150.0 |151.0 |    1.0  | 2.0 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |         |59400 E |  157.0 |158.0 |    1.0  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  171.3 |174.8 |    3.5  | 1.1 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-368 |  Main  |  341.4 |362.4 |   21.0  | 1.2 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |         |58550 E |  377.2 |382.2 |    5.0  | 1.3 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-369 |        |   10.0 | 11.0 |    1.0  | 1.3 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   56.2 | 59.2 |    3.0  | 1.8 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   77.3 | 90.8 |   13.5  | 0.9 |     Sulphide  |
    |_________|  Main  |________|______|_________|_____|_______________|
    |         |Zone / L|   96.8 |107.2 |   10.4  | 1.5 |     Sulphide  |
    |_________|59050 E |________|______|_________|_____|_______________|
    |         |        |  119.3 |157.5 |   38.2  | 1.4 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  163.8 |164.8 |    1.0  | 1.7 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  170.8 |174.0 |    3.2  | 1.1 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-370 |        |   21.5 | 24.9 |    3.4  | 2.2 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   71.3 |118.4 |   47.1  | 1.6 |     Sulphide  |
    |_________|  Main  |________|______|_________|_____|_______________|
    |         |  Zone  |  122.9 |123.9 |    1.0  | 1.0 |     Sulphide  |
    |_________|East/ L |________|______|_________|_____|_______________|
    |         |59300 E |  133.0 |134.2 |    1.2  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  139.3 |141.3 |    2.0  | 1.3 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  151.3 |153.1 |    1.8  | 3.1 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-371 |        |   0.0  | 20.5 |   20.5  | 1.9 |Oxide+Sulphide |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   26.5 | 33.2 |    6.7  | 1.4 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   48.3 | 95.5 |   47.2  | 2.0 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   60.5 | 69.7 |    9.2  | 3.8 |     Sulphide  |
    |_________|  Main  |________|______|_________|_____|_______________|
    |         |Zone / L|  105.5 |108.5 |    3.0  | 1.3 |     Sulphide  |
    |_________|59200 E |________|______|_________|_____|_______________|
    |         |        |  120.1 |126.3 |    6.2  | 1.8 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  142.2 |143.2 |    1.0  | 1.2 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  147.4 |148.4 |    1.0  | 1.4 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  179.1 |180.1 |    1.0  | 1.0 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-372 |        |   0.0  | 17.8 |   17.8  | 5.0 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   23.8 | 25.0 |    1.2  | 1.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   37.9 | 49.1 |   11.2  | 1.3 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |  Main  |  106.3 |107.3 |    1.0  | 2.6 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |         |58750 E |  109.4 |110.4 |    1.0  | 2.9 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  111.4 |112.5 |    1.1  | 2.4 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  116.5 |119.1 |    2.6  | 3.7 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  122.1 |133.7 |   11.6  | 2.2 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-374 |        |   21.8 | 23.8 |    2.0  | 2.0 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   49.5 | 50.5 |    1.0  | 1.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   52.5 | 53.5 |    1.0  | 1.7 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |  Main  |   67.6 |132.1 |   64.5  | 2.0 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |including|59200 E |  107.3 |110.0 |    2.7  | 6.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  115.0 |118.0 |    3.0  | 6.0 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  205.5 |208.7 |    3.2  | 1.2 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  224.3 |227.3 |    3.0  | 8.8 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-376 |        |   8.0  | 16.9 |    8.9  | 1.8 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  188.2 |191.3 |    3.1  | 1.2 |     Sulphide  |
    |_________|  Main  |________|______|_________|_____|_______________|
    |         |Zone / L|  195.0 |196.2 |    1.2  | 1.1 |     Sulphide  |
    |_________|58550 E |________|______|_________|_____|_______________|
    |         |        |  202.9 |214.0 |   11.1  | 0.9 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  217.0 |218.1 |    1.1  | 1.5 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-377 |        |  126.3 |127.3 |    1.0  | 2.3 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  160.7 |176.4 |   15.7  | 1.2 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  181.4 |211.9 |   30.5  | 2.7 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |including|        |  203.5 |208.8 |    5.3  | 8.1 |     Sulphide  |
    |_________|Mn Mine |________|______|_________|_____|_______________|
    |         |Zone / L|  232.9 |235.9 |    3.0  | 1.7 |     Sulphide  |
    |_________|59500 E |________|______|_________|_____|_______________|
    |         |        |  237.9 |239.9 |    2.0  | 1.4 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  242.9 |245.9 |    3.0  | 1.3 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  263.1 |264.1 |    1.0  | 1.3 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  309.9 |310.9 |    1.0  | 5.9 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-379 |        |   0.0  | 36.0 |   36.0  | 1.2 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |including|        |   32.0 | 34.0 |    2.0  | 7.7 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   48.0 | 67.9 |   19.9  | 2.6 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |   80.3 |119.0 |   38.7  | 2.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  168.8 |191.8 |   23.0  | 1.6 |     Sulphide  |
    |_________|  Main  |________|______|_________|_____|_______________|
    |         |Zone / L|  200.9 |239.7 |   38.8  | 2.4 |     Sulphide  |
    |_________|58950 E |________|______|_________|_____|_______________|
    |         |        |  256.6 |299.4 |   42.8  | 1.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  314.9 |323.2 |    8.3  | 2.8 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  327.2 |329.3 |    2.1  | 1.2 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  332.3 |341.7 |    9.4  | 1.5 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  379.7 |382.0 |    2.3  | 4.8 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |              |
    |_________|________|________|______|_________|_____|______________|
    | CDD-380 |        |   75.0 | 81.0 |    6.0  | 5.8 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |  Main  |   98.2 |130.1 |   31.9  | 1.4 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |         |59050 E |  140.6 |173.6 |   33.0  | 2.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  180.5 |182.7 |    2.2  | 3.9 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|
    |         |        |        |      |         |     |               |
    |_________|________|________|______|_________|_____|_______________|
    | CDD-383 |        |   95.3 |269.5 |   174.2 | 1.7 |       Oxide   |
    |_________|        |________|______|_________|_____|_______________|
    |including|        |  101.4 |104.4 |    3.0  | 8.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |including|Mn-Mine |  118.4 |123.4 |    5.0  | 5.0 |     Sulphide  |
    |_________|Zone / L|________|______|_________|_____|_______________|
    |including|59450 E |  149.4 |177.5 |   28.1  | 3.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |         |        |  309.5 |341.5 |   32.0  | 3.1 |     Sulphide  |
    |_________|        |________|______|_________|_____|_______________|
    |including|        |  327.5 |341.5 |   14.0  | 4.5 |     Sulphide  |
    |_________|________|________|______|_________|_____|_______________|

     _____________________________________________________________________
    |         Copler - Summary of Reverse Circulation Drilling Results    |
    |_____________________________________________________________________|
    |           |Zone / Section |From | To  |Intercept|          |        |
    |Hole Number|     Line      | (m) | (m) |   (m)   |Gold (g/t)|Remarks |
    |___________|_______________|_____|_____|_________|__________|________|
    |  CRC-865A |               |                                         |
    |___________|Main Zone West |                                         |
    |           |  / L 58050 E  |               No Signficant Results     |
    |___________|               |                                         |
    |           |               |                                         |
    |___________|_______________|_________________________________________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |  CRC-870A |               |                                         |
    |___________|NW Waste Dump  |                                         |
    |           |  / L 57950 E  |               No Signficant Results     |
    |___________|               |                                         |
    |           |               |                                         |
    |___________|_______________|_________________________________________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |  CRC-871A |               |                                         |
    |___________|NW Waste Dump /|                                         |
    |           |   L 57850 E   |               No Signficant Results     |
    |___________|               |                                         |
    |           |               |                                         |
    |___________|_______________|_________________________________________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-872 |               |                                         |
    |___________|NW Waste Dump /|                                         |
    |           |   L 58050 E   |               No Signficant Results     |
    |___________|               |                                         |
    |           |               |                                         |
    |___________|_______________|_________________________________________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-873 |               |               No Signficant Results     |
    |___________|NW Waste Dump /|                                         |
    |           |   L 58000 E   |                                         |
    |___________|               |                                         |
    |           |               |                                         |
    |___________|_______________|_________________________________________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-874 |NW Waste Dump /|               No Signficant Results     |
    |           |      L 58000 E|                                         |
    |___________|_______________|_________________________________________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-875 |               |               No Signficant Results     |
    |___________|NW Waste Dump /|_________________________________________|
    |           |   L 57900 E   |                                         |
    |___________|               |_________________________________________|
    |           |               |                                         |
    |___________|_______________|_________________________________________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-876 |NW Waste Dump /|58.0 |75.0 |   17.0  |     0.9  |  Oxide |
    |           |      L 57950 E|     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-877 |NW Waste Dump /|25.0 |26.0 |    1.0  |    12.1  |  Oxide |
    |___________|   L 57950 E   |_____|_____|_________|__________|________|
    |           |               |85.0 |87.0 |    2.0  |     1.0  |  Oxide |
    |___________|_______________|_____|_____|_________|__________|________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-878 |Main Zone West |81.0 |82.0 |    1.0  |     1.4  |  Oxide |
    |___________|  / L 58050 E  |_____|_____|_________|__________|________|
    |           |               |142.0|144.0|    2.0  |     2.9  |Sulphide|
    |___________|_______________|_____|_____|_________|__________|________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-879 |Main Zone West | 0.0 | 5.0 |    5.0  |     1.8  |  Oxide |
    |___________|  / L 58200 E  |_____|_____|_________|__________|________|
    |           |               |58.0 |59.0 |    1.0  |     1.4  |Sulphide|
    |___________|_______________|_____|_____|_________|__________|________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |  CRC-879A | Main Zone West| 7.0 |13.0 |    6.0  |     0.8  |  Oxide |
    |           |    / L 58200 E|     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-880 |               |95.0 |96.0 |    1.0  |     1.3  |  Oxide |
    |___________| West Zone / L |_____|_____|_________|__________|________|
    |           |    58150 E    |106.0|114.0|    8.0  |     5.1  |  Oxide |
    |___________|               |_____|_____|_________|__________|________|
    | including |               |108.0|110.0|    2.0  |    16.7  |  Oxide |
    |___________|_______________|_____|_____|_________|__________|________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-881 |               | 2.0 |40.0 |   38.0  |     0.8  |  Oxide |
    |___________|Main Zone West |_____|_____|_________|__________|________|
    | including |  / L 58200 E  |22.0 |30.0 |    8.0  |     1.9  |  Oxide |
    |___________|               |_____|_____|_________|__________|________|
    |           |               |40.0 |45.0 |    5.0  |     0.9  |Sulphide|
    |___________|_______________|_____|_____|_________|__________|________|
    |           |               |     |     |         |          |        |
    |___________|_______________|_____|_____|_________|__________|________|
    |   CRC-882 |NW Waste Dump /|32.0 |36.0 |    4.0  |     1.3  |  Oxide |
    |___________|   L 58150 E   |_____|_____|_________|__________|________|
    |           |               |76.0 |78.0 |    2.0  |     1.0  |Sulphide|
    |___________|_______________|_____|_____|_________|__________|________|

     ____________________________________________________________
    |            Karakartal  - Summary of Drillhole Locations    |
    |____________________________________________________________|
    |Hole Number|Easting|Northing|Elevation|Azimuth|Dip|Depth (m)|
    |           |  (m)  |  (m)   |   (m)   |  (  )  |(  )|         |
    |___________|_______|________|_________|_______|___|_________|
    |  KDD-038A |466708 |4356032 |   1695  |   180 |-70|     80  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-044 |465800 |4355928 |   1785  |   180 |-70|     69  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-045 |466891 |4355998 |   1728  |   170 |-70|    226  |
    |___________|_______|________|_________|_______|___|_________|
    |  KDD-045A |466891 |4355998 |   1728  |   170 |-70|    161  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-046 |466950 |4356035 |   1742  |   160 |-70|    262  |
    |___________|_______|________|_________|_______|___|_________|
    |  KDD-046A |466950 |4356035 |   1742  |   160 |-70|    125  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-047 |466839 |4356039 |   1728  |   180 |-70|   309.7 |
    |___________|_______|________|_________|_______|___|_________|
    |  KDD-047A |466839 |4356039 |   1728  |   180 |-70|    180  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-048 |466950 |4356150 |   1745  |   180 |-70|   418.7 |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-049 |466989 |4356075 |   1765  |   180 |-70|   519.5 |
    |___________|_______|________|_________|_______|___|_________|
    |  KDD-049A |466989 |4356075 |   1765  |   180 |-70|     93  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-050 |467004 |4355957 |   1742  |   180 |-70|   421.7 |
    |___________|_______|________|_________|_______|___|_________|
    |  KDD-050A |467004 |4355957 |   1742  |   180 |-70|     35  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-051 |465750 |4356010 |   1810  |   180 |-60|    285  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-052 |467054 |4356041 |   1773  |   180 |-70|    413  |
    |___________|_______|________|_________|_______|___|_________|
    |  KDD-052A |467054 |4356041 |   1773  |   180 |-70|   217.5 |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-053 |467102 |4355964 |   1748  |   180 |-70|   292.7 |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-054 |466970 |4355996 |   1740  |   180 |-70|    214  |
    |___________|_______|________|_________|_______|___|_________|
    |  KDD-054A |466970 |4355996 |   1740  |   180 |-70|    105  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-055 |467200 |4355967 |   1779  |   180 |-70|    299  |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-056 |466850 |4355975 |   1710  |   180 |-70|   267.5 |
    |___________|_______|________|_________|_______|___|_________|
    |   KDD-057 |465615 |4356134 |   1900  |   180 |-70|     51  |
    |___________|_______|________|_________|_______|___|_________|

     __________________________________________________________________
    |             Karakartal - Summary of Diamond Drilling Results     |
    |__________________________________________________________________|
    |   Hole  |Section Line|From | To  |Intercept|Gold |Copper|   Moly |
    |  Number |            | (m) | (m) |   (m)   |  g/t|  %   |    ppm |
    |_________|____________|_____|_____|_________|_____|______|________|
    |KDD- 038A|            |33.5 |  37 |    3.5  |0.25 | 0.25 |    13  |
    |_________|   L 6700 E |_____|_____|_________|_____|______|________|
    |         |            |  76 |  80 |      4  |0.25 | 0.27 |    30  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    | KDD-045 |            |   5 | 156 |    141  |0.33 | 0.26 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |Including|            |25.5 |94.5 |   60.7  |0.44 | 0.25 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         |   L 6900 E | 169 | 208 |     39  | 0.4 | 0.22 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         |            | 230 | 287 |     57  |0.42 | 0.37 |    14  |
    |_________|            |_____|_____|_________|_____|______|________|
    |Including|            | 248 | 275 |     27  |0.63 | 0.48 |     -  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |334.7|335.7|      1  |0.38 | 0.56 |    19  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    | KDD-046 |            |   0 |124.5|   122.2 |0.66 | 0.26 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         |            | 142 | 226 |     84  | 0.4 |  0.2 |    11  |
    |_________|  L 6950 E  |_____|_____|_________|_____|______|________|
    |         |            |243.3|275.4|   32.1  |0.31 | 0.23 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         |            |289.5| 323 |   33.5  |0.31 | 0.31 |     -  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    |KDD-046A |  L 6950 E  |   0 | 124 |    124  |0.76 | 0.31 |     -  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    | KDD-047 |            |  57 | 170 |    113  |0.44 | 0.24 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         |            | 200 | 218 |     18  |0.41 |  0.3 |     -  |
    |_________|  L 6850 E  |_____|_____|_________|_____|______|________|
    |         |            | 242 | 280 |     38  |0.36 | 0.33 |    11  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         |            |295.5| 299 |    3.5  |0.31 | 0.51 |    35  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    | KDD-048 |            |   0 | 124 |    124  |No Signficant Results|
    |_________|            |_____|_____|_________|_____________________|
    |         |  L 5850 E  | 140 | 406 |    266  | 0.4 |  0.3 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |Including|            | 328 | 384 |     56  |0.59 | 0.49 |     -  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    | KDD-049 |            |28.8 |  31 |    2.2  |0.12 | 0.85 |    12  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         |            |110.5| 151 |   40.5  |0.41 | 0.31 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         |   L 7000 E | 179 |328.5|   149.5 |0.52 |  0.3 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |Including|            |199.2|260.5|   61.3  |0.71 | 0.38 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         |            | 396 | 432 |     36  |0.25 | 0.34 |    16  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    | KDD-050 |            |198.5|212.5|     14  |0.38 | 0.26 |     -  |
    |_________|   L 7000 E |_____|_____|_________|_____|______|________|
    |         |            |244.1|270.9|   26.8  | 0.3 | 0.32 |    10  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    |KDD-050A |            |   0 |  35 |     35  |0.53 | 0.21 |     -  |
    |_________|  L 7000 E  |_____|_____|_________|_____|______|________|
    |Including|            |   0 |  14 |     14  | 0.8 | 0.24 |     -  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    | KDD-051 |            |  10 |10.7 |    0.7  |   - | 0.68 |     -  |
    |_________|  L 5750 E  |_____|_____|_________|_____|______|________|
    |         |            |11.9 |12.3 |    0.4  |   - | 1.79 |     -  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    | KDD-052 |            |  42 |  46 |      4  |0.22 | 1.31 |    15  |
    |_________| L 7050 E   |_____|_____|_________|_____|______|________|
    |         |            | 122 |204.8|   82.8  |0.46 | 0.35 |     -  |
    |_________|____________|_____|_____|_________|_____|______|________|
    |         |            |     |     |         |     |      |        |
    |_________|____________|_____|_____|_________|_____|______|________|
    | KDD-053 |            |  12 |  60 |     48  |0.32 | 0.35 |    11  |
    |_________|            |_____|_____|_________|_____|______|________|
    |         | L 7100 E   | 102 | 200 |     98  |0.53 | 0.33 |     -  |
    |_________|            |_____|_____|_________|_____|______|________|
    |Including|            | 122 | 166 |     44  |0.69 | 0.39 |    10  |
    |_________|____________|_____|_____|_________|_____|______|________|

     ___________________________________________________________________________
    |                             Corona - Summary of Drilling Results          |
    |___________________________________________________________________________|
    |  Hole  |Northing|Easting|RL |Dip|Azimuth|From |Interval|Gold |   Comments |
    | Number |        |       |   |   |       | (m) |  (m)   |(g/t)|            |
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |VIND067A|6485830 |380015 |295|-60|   267 |451.8|   1.9  | 4.2 |Corona Vein |
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |VIND078 |6485850 |379830 |295|-60|   269 |167.0|   6.1  | 0.8 |Total Shear |
    |        |        |       |   |   |       |     |        |     |Zone        |
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |        |        |       |   |   |       |171.7|   1.0  | 1.0 |Corona Vein |
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |        |        |       |   |   |       |     |        |     |No          |
    |VIND079 |6486200 |379790 |295|-60|   269 |   - |     -  |   - |Significant |
    |        |        |       |   |   |       |     |        |     |Intersection|
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |VIND081 |6485850 |379826 |295|-52|   269 |139.5|   7.5  | 1.0 |Total Shear |
    |        |        |       |   |   |       |     |        |     |Zone        |
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |        |        |       |   |   |       |144.2|   0.3  | 3.6 |Corona Vein |
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |        |        |       |   |   |       |     |        |     |No          |
    |VIND082 |6485850 |379834 |295|-65|   269 |   - |     -  |   - |Significant |
    |        |        |       |   |   |       |     |        |     |Intersection|
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |VIND090 |6485982 |379839 |295|-60|   267 |224.4|   9.8  | 2.7 |Total Shear |
    |        |        |       |   |   |       |     |        |     |Zone        |
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |        |        |       |   |   |       |230.0|   1.1  | 8.5 |Corona Vein |
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |VIND092 |6485984 |379794 |295|-60|   270 |161.4|   15.9 | 4.2 |Total Shear |
    |        |        |       |   |   |       |     |        |     |Zone        |
    |________|________|_______|___|___|_______|_____|________|_____|____________|
    |        |        |       |   |   |       |165.3|   2.1  |30.6 |Corona Vein |
    |________|________|_______|___|___|_______|_____|________|_____|____________|

     __________________________________________________________________________
    |                           Chalice - Summary of Drilling Results          |
    |__________________________________________________________________________|
    |   Hole  |        |       |    |   |       |From |Interval|Gold |         |
    |  Number |Northing|Easting| RL |Dip|Azimuth| (m) |  (m)   |(g/t)|   Zone  |
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0092 |6478924 |359518 |1165|-38|   252 |146.0|   8.0  | 0.8 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0098A|6478906 |359559 |1139|-27|   269 |194.8|   3.2  | 4.5 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0112 |6478953 |359453 |1122|-32|   275 |76.0 |   32.0 | 4.8 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0113 |6478953 |359453 |1122|-37|   275 |77.6 |   40.4 | 6.4 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0114 |6478953 |359453 |1122|-41|   274 |78.0 |   54.0 | 2.6 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0115 |6478953 |359453 |1122|-40|   279 |80.8 |   49.2 | 1.8 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0116 |6478953 |359453 |1122|-35|   280 |80.7 |   31.3 | 2.1 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0117 |6478953 |359453 |1122|-33|   287 |90.8 |   24.2 | 4.0 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0120 |6478953 |359453 |1122|-31|   299 |106.0|   26.0 | 2.8 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0153 |6478906 |359560 |1138|-29|   263 |178.0|   7.0  | 1.4 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0158 |6478904 |359561 |1137|-35|   265 |177.0|   28.0 | 6.1 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0162 |6478903 |359561 |1137|-33|   275 |197.0|   19.0 | 1.5 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0163 |6478906 |359560 |1138|-36|   269 |173.0|   35.0 | 4.3 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0165 |6478906 |359560 |1138|-38|   262 |189.0|   15.0 | 5.0 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0167 |6478926 |359518 |1166|-31|   272 |153.0|   5.7  | 3.5 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |         |6478926 |359518 |1166|-31|   281 |     |     -  |   - |Pegmatite|
    |CHUG0168 |        |       |    |   |       |     |        |     |Intrusive|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|
    |CHUG0170 |6478923 |359518 |1166|-31|   256 |130.6|   19.5 | 6.4 |Grampians|
    |_________|________|_______|____|___|_______|_____|________|_____|_________|

     _______________________________________________________________________
    |                         Trident - Summary of Drilling Results         |
    |_______________________________________________________________________|
    | Hole  |        |       |   |   | Azimuth |From |Interval|Gold |       |
    |Number |Northing|Easting|RL |Dip|         | (m) |  (m)   |(g/t)|  Zone |
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1863|6489721 |379973 |739|-37|    273  |196.0|   6.0  |71.0 |Artemis|
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1865|6489722 |379973 |739|-39|    285  |201.6|   10.4 |46.9 |Artemis|
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1865|6489722 |379973 |739|-39|    285  |217.5|   5.7  |17.7 |Artemis|
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1908|6489721 |379973 |739|-41|    276  |227.5|   0.5  | 0.0 |Artemis|
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1867|6489721 |379974 |740|-36|    287  |208.0|   0.4  | 0.0 |Artemis|
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1910|6489721 |379973 |739|-37|    268  |204.0|   3.0  | 0.2 |Artemis|
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1900|6489914 |380029 |717|-42|    281  |260.2|   6.6  |18.9 |Artemis|
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1907|6489914 |380030 |718|-50|    311  |308.0|   80.0 | 3.0 |Helios |
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |       |        |       |   |   |including|337.0|   25.0 | 5.5 |Helios |
    |       |        |       |   |   |         |     |        |     |  HG   |
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1904|6489914 |380029 |716|-47|    302  |254.0|   31.8 | 0.7 |Helios |
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1900|6489914 |380029 |717|-42|    281  |170.3|   57.7 | 1.1 |Helios |
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |       |        |       |   |   |including|182.0|   17.5 | 2.9 |Helios |
    |_______|________|_______|___|___|_________|_____|________|_____|_______|
    |TUG1902|6489914 |380029 |717|-49|    290  |266.0|   22.0 | 3.9 |Helios |
    |_______|________|_______|___|___|_________|_____|________|_____|_______|

     ______________________________________________________________
    |                  Surprise - Summary of Drilling Results      |
    |______________________________________________________________|
    | Hole |        |       |   |   |         |From |Interval|Gold |
    |Number|Northing|Easting|RL |Dip| Azimuth | (m) |  (m)   |(g/t)|
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD016 |6573485 |333907 |370|-60|    240  |16.0 |     2  | 0.9 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD022 |6572854 |334119 |358|-60|    240  | 118 |     1  | 2.1 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD023 |6572908 |334016 |358|-60|    354  | 11  |     2  |20.4 |
    |      |        |       |   |   |         | 171 |     1  |12.8 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD024 |6572982 |334043 |358|-60|    357  | 130 |     1  | 1.4 |
    |      |        |       |   |   |         | 138 |     1  | 1.3 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD025 |6573072 |333996 |358|-60|    240  | 38  |     1  |11.4 |
    |      |        |       |   |   |         | 142 |     1  | 1.1 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD026 |6573163 |333948 |358|-60|    240  |  16 |     5  | 1.0 |
    |      |        |       |   |   |         |  54 |     1  | 1.5 |
    |      |        |       |   |   |         |  67 |     7  | 0.9 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD027 |6573247 |333889 |358|-60|    357  |  9  |     2  | 2.3 |
    |      |        |       |   |   |         | 20  |     2  | 4.4 |
    |      |        |       |   |   |         | 103 |     1  | 4.2 |
    |      |        |       |   |   |         | 134 |     1  | 1.7 |
    |      |        |       |   |   |         | 170 |     1  | 1.2 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD028 |6573328 |333832 |358|-60|    357  | 98  |     1  | 2.3 |
    |      |        |       |   |   |         | 165 |     1  | 2.1 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD029 |6573420 |333784 |358|-60|    363  |  11 |     1  | 7.3 |
    |      |        |       |   |   |         |  49 |     8  | 2.5 |
    |      |        |       |   |   |         |  64 |     1  | 8.4 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD031 |6573040 |334042 |358|-60|    358  | 68  |     1  | 4.8 |
    |      |        |       |   |   |         | 73  |     1  | 2.0 |
    |      |        |       |   |   |         | 181 |     2  | 1.6 |
    |      |        |       |   |   |         | 210 |     1  | 2.0 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD032 |6573130 |333995 |358|-60|    240  | 90  |     3  |14.0 |
    |      |        |       |   |   |         | 202 |     1  | 1.4 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD033 |6573218 |333941 |358|-60|    357  |  81 |     1  |11.4 |
    |      |        |       |   |   |         |  86 |     6  | 2.1 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD034 |6572967 |334016 |358|-60|    357  | 21  |     1  | 4.3 |
    |      |        |       |   |   |         | 154 |     6  | 3.6 |
    |      |        |       |   |   |         | 178 |     1  | 1.1 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD035 |6573396 |333795 |360|-60|    240  | 3.0 |   4.0  | 5.3 |
    |      |        |       |   |   |         |50.0 |   12.0 | 0.9 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD036 |6573362 |333788 |357|-60|    240  |47.0 |   11.0 | 5.8 |
    |      |        |       |   |   |         |67.0 |   6.0  | 2.1 |
    |      |        |       |   |   |         |139.0|   1.0  | 3.5 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD039 |6573342 |333801 |357|-60|    240  |45.0 |   1.0  | 0.7 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD041 |6573387 |333776 |357|-60|    240  |20.0 |   2.0  | 0.7 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD042 |6573322 |333814 |357|-60|   240   |56.0 |   1.0  | 1.9 |
    |      |        |       |   |   |         |81.0 |   2.0  | 1.3 |
    |      |        |       |   |   |         |96.0 |   22.0 |16.7 |
    |      |        |       |   |   |including|97.0 |   7.0  |42.5 |
    |      |        |       |   |   |including|107.0|   5.0  |11.5 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD065 |6573152 |333981 |358|-60|    240  |66.0 |   2.0  | 2.4 |
    |      |        |       |   |   |         |77.0 |   2.0  |10.0 |
    |      |        |       |   |   |         |83.0 |   3.0  | 1.9 |
    |      |        |       |   |   |         |106.0|   1.0  | 1.2 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD066 |6573146 |333971 |358|-60|    240  |64.0 |   10.0 | 0.8 |
    |      |        |       |   |   |         |93.0 |   3.0  | 3.5 |
    |      |        |       |   |   |         |169.0|   1.0  | 1.0 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD068 |6573136 |334005 |358|-60|    240  |190.0|   6.0  | 1.1 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD069 |6573124 |333985 |358|-60|    240  |73.0 |   3.0  | 3.6 |
    |      |        |       |   |   |         |101.0|   1.0  | 4.2 |
    |      |        |       |   |   |         |106.0|   10.0 | 2.1 |
    |      |        |       |   |   |         |121.0|   8.0  | 1.2 |
    |      |        |       |   |   |         |147.0|   3.0  | 1.0 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD070 |6573108 |334006 |358|-60|    240  |86.0 |   10.0 | 1.0 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD071 |6573101 |333996 |358|-60|    240  |80.0 |   4.0  | 3.8 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD072 |6573095 |333986 |358|-60|    240  |130.0|   6.0  | 4.0 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD074 |6573079 |334007 |358|-60|    240  |56.0 |   4.0  | 1.5 |
    |      |        |       |   |   |         |82.0 |   3.0  | 1.3 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD075 |6573063 |334030 |358|-60|    240  | 84  |    1   | 2.0 |
    |      |        |       |   |   |         | 114 |    16  | 1.6 |
    |      |        |       |   |   |         | 196 |    2   |12.7 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD076 |6573056 |334018 |358|-60|    240  | 94  |     3  | 2.0 |
    |      |        |       |   |   |         | 102 |     5  | 1.6 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD077 |6573049 |334006 |358|-60|    240  | 79  |     8  | 2.6 |
    |      |        |       |   |   |         | 98  |     3  | 1.8 |
    |      |        |       |   |   |         | 106 |     1  | 0.7 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD078 |6573047 |334054 |358|-60|    240  |  85 |     1  | 1.4 |
    |______|________|_______|___|___|_________|_____|________|_____|
    |SD079 |6573044 |334048 |358|-60|    240  | 124 |     3  | 6.6 |
    |      |        |       |   |   |         | 174 |     1  | 2.4 |
    |______|________|_______|___|___|_________|_____|________|_____|

     ______________________________________________________________
    |                       Barbara Drillhole Assay Summary        |
    |______________________________________________________________|
    |         |        |       |   |   |       |From |Interval|Gold|
    |   Hole  |Northing|Easting|RL |Dip|Azimuth| (m) |    (m) |g/t |
    |_________|________|_______|___|___|_______|_____|________|____|
    |BARBRC029|6573484 |332579 |360|-60|   195 |  46 |     2  |0.7 |
    |_________|________|_______|___|___|_______|_____|________|____|
    |BARBRC030|6573470 |332626 |360|-60|   195 | 101 |     2  |0.6 |
    |_________|________|_______|___|___|_______|_____|________|____|
    |BARBRC031|6573458 |332598 |360|-60|   195 |  28 |     1  |8.5 |
    |         |        |       |   |   |       |  34 |     3  |12.2|
    |         |        |       |   |   |       |  48 |     1  |1.9 |
    |_________|________|_______|___|___|_______|_____|________|____|
    |BARBRC032|6573496 |332609 |360|-60|   195 |  95 |     4  |0.6 |
    |_________|________|_______|___|___|_______|_____|________|____|
    |   BU203 |6573592 |332845 |360|-60|   210 | 497 |   0.9  |6.9 |
    |         |        |       |   |   |       |503.2|   0.8  |9.9 |
    |_________|________|_______|___|___|_______|_____|________|____|
    |   BU212 |6573482 |332784 |360|-60|   372 | 299 |   3.0  |8.2 |
    |_________|________|_______|___|___|_______|_____|________|____|
    |   BU213 |6573456 |332884 |360|-60|   370 |     |        |NSI |
    |_________|________|_______|___|___|_______|_____|________|____|

Cautionary Statements

Certain statements contained in this news 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 relate to this news release and other matters identified in
Alacer’s public filings, 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”, “forecast”, “projects”, “predict”,
“potential”, “continue” or other similar expressions concerning matters
that are not historical facts and include, but are not limited in any
manner to, those with respect to proposed exploration, communications
with local stakeholders and community relations, status of negotiations
of joint ventures, commodity prices, mineral resources, mineral
reserves, realization of mineral reserves, existence or realization of
mineral resource estimates, the timing and amount of future production,
timing of studies and analysis, the timing of construction 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, production, financial, economic, legal, social, regulatory
and, political factors that may influence, or be influenced by, future
events or conditions. Such forward-looking statements are based on a
number of material factors and assumptions, including, but not limited
in any manner, those disclosed in any other Alacer filings, and include
exploration results and the ability to explore, the ultimate
determination of mineral reserves, availability and final receipt of
required approvals, titles, licenses and permits, sufficient working
capital to develop and operate the mines, access to adequate services
and supplies, commodity prices, ability to meet production targets,
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, lack of legal challenges with
respect to any the property or the Company and the ultimate ability to
mine, process and sell mineral products on economically favourable
terms. While we consider these assumptions to be reasonable based on
information currently available to us, they may prove to be incorrect.
Actual results may vary from such forward-looking information for a
variety of reasons, including but not limited to risks and
uncertainties disclosed in other Alacer 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.

PDF available at: http://stream1.newswire.ca/media/2012/07/31/20120731_C3467_DOC_EN_16500.pdf


Source: PR Newswire