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Excelsior Gold Ltd.
Summary
| Project: | Kalgoorlie North | |
|---|---|---|
| Deposit: | Zoroastrian | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-6-2016: Excelsior Gold Ltd. announces an Exploration/Drilling Update report for its Zoroastrian deposit at the Kalgoorlie North project. Drilling results incl. 34m @ 3.63g/t Au from 8m at Birthday Dream Lode structure. Excelsior Gold Limited (“Excelsio | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Potter (Internal) | |
| ABSTRACT: | Excelsior Gold Limited (“Excelsior Gold” or the “Company”) is pleased to advise that mining in the large Zoroastrian Central open pit has progressed to a level where consistent ore feed and better than expected ore production is being achieved. Since commencement of mining in the Zoroastrian Central open pit in February 2016, the pit has been extended to approximately 20 metres below surface. Mineralisation in the upper 20 metres of the oxidised profile at Zoroastrian was predicted to be sporadic and low grade, however mining to date has shown strongly positive reconciliations. Ore production of 44,351 tonnes @ 1.60g/t for 2,289 ounces mined is significantly above the original Ore Reserve of 30,566 tonnes @ 1.51g/t for 1,483 ounces. As mining continues, an improved understanding of the geological controls is expected with potentially significant economic benefits. By example, GC drilling in the Birthday Dream area has identified much broader zones of gold mineralisation than previously interpreted. The Birthday Dream Lode structure is one of four prominent steep west dipping lode structures mined in the Zoroastrian Central pit. | |
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