Alacer Gold has budgeted A$36 million for exploration during 2013 on tenements in the areas of its Higginsville and South Kalgoorlie gold operations in Western Australia. Alacer produced 136,687 oz of gold at its Higginsville operations 125 km south of Kalgoorlie during 2012. Exploration in the region during 2013 is budgeted at A$16 million and is targeting discoveries that will extend the currently planned gold production of more than 150,000 oz/y beyond 2016. Work during 2013 is focusing on targets generated by Alacer’s Higginsville 2012 exploration, which included an extensive anomaly generation program across the Higginsville tenure.
Alacer’s South Kalgoorlie operations 15 km south of Kalgoorlie produced 40,406 oz of gold during 2012. Exploration on these tenements during 2013 is budgeted at A$20 million. In late 2012, Alacer began drilling high-potential conceptual targets identified by an in-depth targeting exercise based on extensive exploration data for the tenements. Three key areas with the highest probability of delivering a large gold discovery were identified—Location 48, the Mt. Marion Complex, and the SBS28 Complex—and these areas are being targeted by exploration during 2013.