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Alacer Gold Hits New Yr-High on Drilling Results

Alacer Gold Corp. (ASR.TO) is now higher by 6%, earlier hitting a new year high of $11.04, after announcing results from the 2011 drilling program at the Copler Gold Mine.

The company said the 2011 exploration program has continued to discover significant extensions to the Copler gold deposit in several areas. The deepest diamond drillhole to date under the Copler gold deposit has intercepted a 100m thick zone grading 4.1g/t gold beneath the Manganese Zone that resoundingly demonstrates the potential for mineralization to continue at depth.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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