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Excelsior Gold Ltd.

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Summary

Project:

Kalgoorlie North

Deposit:Bulletin South
Location:Australia
Commodities:Gold
Date:12/22/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:22-12-2016: Excelsior Gold Ltd. announces an Exploration/Drilling Update report for its Bulletin South deposit at the Kalgoorlie North project. Drilling results incl. 17m @ 2.58g/t Au from 25m. Excelsior Gold Limited (ASX: EXG) (“Excelsior Gold” or the “C
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Bradley Toms (Internal)
ABSTRACT:Excelsior Gold Limited (ASX: EXG) (“Excelsior Gold” or the “Company”) is pleased to provide a market update on the operations. A program of 9 holes has been completed beneath the current pit floor. These holes were drilled from within the old pit. These holes have successfully confirmed mineralisation widths and grade as reported by historical drilling within the existing Mineral Resource area and confidence in the older drilling is increased as a result. Subsequently, a Mineral Resource Estimate at Bulletin South has commenced, which is expected to be completed in January 2017; mining studies are planned for January to examine the viability of a Stage 1 open pit at Bulletin South. Pending the results of the mining study, additional resource drilling may be required for the potential stage 2 pit design. Results of the recently completed drilling are shown schematically in Fig 1 above

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