Western Australian Gold Exploration and Development Company
Excelsior Gold Limited is an advanced gold exploration company focused on the development of a significant gold project north of Kalgoorlie in the Western Australian Goldfields.
The Company’s primary asset is the Kalgoorlie North Gold Project located 30 to 55 kilometres north of Kalgoorlie in Western Australia’s highly prospective Eastern Goldfields.
Targeted drilling campaigns conducted by Excelsior Gold have successfully delineated 1.1 million ounces in gold resources on the Project to date with the majority of the resources hosted in two large deposits, Zoroastrian and Excelsior, in the central part of the tenements. The close proximity of the Company’s gold deposits to existing infrastructure, including processing plants, power, water, transport, telecommunications and labour, enhances the development opportunities available to Excelsior Gold and provides a number of potentially favourable development options.
The Kalgoorlie North Gold Project comprises 98 km2 of granted mining leases and prospecting licences covering 25km of strike over a well mineralized greenstone sequence known as the Bardoc Tectonic Zone (BTZ). The BTZ is known to host million ounce gold deposits at Norton Goldfield’s Paddington Gold Operations (+2Mozs) immediately to the south and at Aphrodite Gold Limited’s Aphrodite Deposit (+1Mozs) immediately to the north of Excelsior’s tenements.
The Project covers the interpreted intersection of the BTZ with the cross cutting Black Flag Fault system which influences the formation of major gold deposits in the multi-million ounce Kundana and Mount Pleasant fields to the south west. As a result of the convergence of these major gold mineralising structures gold mineralisation is widespread throughout the Kalgoorlie North tenements and is controlled and localised by major northerly trending shears and mineralised cross cutting structures.
Total Measured, Indicated and Inferred resources calculated at various lower cut-off grades ranging from 0.6 to 3.0g/t Au are currently
20.6 million tonnes @ 1.74g/t Au containing 1,153,700 ounces
The Company is presently conducting a Pre-Feasibility Study (PFS) into the potential development of multiple open pit and underground mining operations and the establishment of a new treatment facility centered on the neighbouring Zoroastrian and Excelsior deposits and a cluster of satellite deposits within a four kilometer radius of Zoroastrian.
EXG’s shares are listed on the Australian Securities Exchange (ASX code: EXG).