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Excelsior Gold Ltd.
Summary
| Project: | Kalgoorlie North | |
|---|---|---|
| Deposit: | Zoroastrian | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-4-2018: Excelsior Gold Ltd. announces an Exploration/Drilling Update report for its Zoroastrian deposit at the Kalgoorlie North project. Drilling results incl. 2.76m @ 6.98g/t Au from 70.3m. Excelsior Gold Limited (ASX: EXG) (“the Company” or “Excelsio | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bradley Toms (Internal) | |
| ABSTRACT: | Excelsior Gold Limited (ASX: EXG) (“the Company” or “Excelsior”) is pleased to provide the following progress update on the current multi-faceted, fully-funded drilling program at its 100%-owned Kalgoorlie North Gold Project (“KNGP”), located 30 to 55km north of Kalgoorlie in Western Australia. The last of the planned infill holes into Zoroastrian have been completed with all assay results received. Significant drill hole intersections are summarised in Table 1 and presented in Figure 1 While the infill drilling completed to date has further strengthened the interpretation and confidence of the high grade Blueys lode, geological modelling has highlighted the need for limited additional infill holes which will be completed in the coming weeks. The additional 500m of RC drilling is designed to follow the high-grade plunge of the Royal Mint lode at depth. This drilling is not expected to affect the scheduled completion of the Zoroastrian Mineral Resource estimates. Blueys lode is parallel to the Zoroastrian pit and about 200m north of Blueys South to which the previous high-grade results were reported, (refer to ASX release “Infill diamond drilling further enhances Zoroastrian UG Potential” of 5 February 2018) | |
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