Excelsior Gold Ltd. on May 22 updated the mineral resource estimate at its Kalgoorlie North gold project in Western Australia to 14.8 million tonnes at 1.7 g/t of gold for 825,000 contained ounces.
The company's open pit and indicated and inferred resource at the Zoroastrian deposit increased to 4.8 million tonnes at 2 g/t of gold for 314,000 contained ounces, with 77% of the resource in the higher-confidence indicated category.
Open pit and indicated and inferred resources at the Excelsior deposit now stand at 6.3 million tonnes at 1.4 g/t of gold for 273,000 contained ounces, with 84% in the indicated category.
Excelsior said open pit and underground mining studies are ongoing to define an ore reserve estimate for the Kalgoorlie project.
