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Excelsior Gold Ltd.
Summary
| Project: | Kalgoorlie North | |
|---|---|---|
| Deposit: | Zoroastrian | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-12-2017: Excelsior Gold Ltd. announces an Exploration/Drilling Update report for its Zoroastrian deposit at the Kalgoorlie North project. Drilling results incl. 7m @ 7.13g/t Au from 342m. Excelsior Gold Limited (ASX: EXG) (“the Company” or “Excelsior”) | |
| Resources: | (Resource, Total): 4.408Mt @ 2.2g/t Au for 305Koz Au contained at Zoroastrian | |
| CP/QP: | [Overall Report]: Bradley Toms (Internal) | |
| ABSTRACT: | Excelsior Gold Limited (ASX: EXG) (“the Company” or “Excelsior”) is pleased to provide the following drilling update for the Zoroastrian deposit (Figure 1) at the Company’s 100%-owned Kalgoorlie North Gold Project (“KNGP”), located 30 to 55km north of Kalgoorlie in Western Australia. The current fully-funded 33,000m drilling program continues to work towards upgrading as much of the KNGP’s current 954,000-ounce gold resource base to reserve status, while continuing to explore the highly prospective project area for new discoveries. Further to the recently announced 37% resource upgrade for the Zoroastrian deposit (Tables 1 and 2, refer ASX announcement of 1 November 2017: Zoroastrian Mineral Resource Ounces Upgraded by 37%), and results from the first 3 reverse circulation (RC) holes reported on 21 November 2017, assay results from a further two deeper holes have now been received as well as some additional results from infill resource drilling, all of which continue to support and improve the Company’s understanding of the controls to the high-grade mineralisation at Zoroastrian The deep RC holes were designed to target the projected high-grade, down-plunge expression of the Zoroastrian deposit. The results received to date have not only enhanced the underground potential of the 2 Zoroastrian deposit, but have also intersected encouraging additional gold mineralisation associated with multiple parallel lodes | |
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