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Excelsior Gold Ltd.
Summary
| Project: | Kalgoorlie North | |
|---|---|---|
| Deposit: | Nerrin Nerrin | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-9-2017: Excelsior Gold Ltd. announces an Exploration/Drilling Update report for its Nerrin Nerrin deposit at the Kalgoorlie North project. Drilling results incl. 16m @ 2.6g/t Au from 47m. Excelsior Gold Limited (ASX: EXG) (“Company” or “Excelsior”) is | |
| Resources: | (Resource, I+ I): 181kt @2.38g/t Au for 13.8koz at Nerrin Nerrin | |
| CP/QP: | [Overall Report]: Bradley Toms (Internal) | |
| ABSTRACT: | Excelsior Gold Limited (ASX: EXG) (“Company” or “Excelsior”) is pleased to announce the receipt of assay results from the recently completed reverse circulation (RC) drilling program at Nerrin Nerrin within EXG’s 100%-owned Kalgoorlie North Gold Project (“KGNP”), located 30 to 55km north of Kalgoorlie in Western Australia. The Company is working towards converting as much of the current 872,000 ounce gold resource base (Table 1) to reserves, while continuing to explore the highly prospective project area for new discoveries. The Nerrin Nerrin prospect is located 3km south of the Zoroastrian deposit (Figure 1) and hosts a Mineral Resource of 181,000t at 2.38g/t Au for 13,800oz Au (Table 1). The gold mineralisation at Nerrin Nerrin is contained within the Zoroastrian dolerite and is interpreted as being of a similar style to that found at Zoroastrian. Knowledge gained from the mining of Zoroastrian Central open pit has been applied to the geological model at Nerrin Nerrin, with the recently completed drilling program successfully extending the gold mineralisation northwards beyond the conceptual open pit shell, with the significant widths and grades encountered warranting follow-up work. The line of RC holes drilled 200m north of the Nerrin Nerrin conceptual pit (section 6639685mN, Figure 2) intersected 5m at 2.34g/t Au from 50m in hole KNC170009 (Figure 4) within a 10m wide zone of anomalous gold mineralisation (10m at 1.52g/t Au). This intersection confirms that mineralisation at Nerrin Nerrin is more extensive than previously interpreted. Follow-up drilling will be planned and scheduled into the Nerrin Nerrin program as priorities dictate. | |
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