https://www.miningweekly.com

Excelsior declares maiden reserve in WA

19th February 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Gold developer Excelsior Gold has declared a maiden ore reserve of 409 000 oz at its Kalgoorlie North project, in Western Australia.

Based on the completed prefeasibility study works, the project was estimated to host some 5.74-million tonnes of ore, grading 2.22 g/t gold. The ore reserve was derived from a total measured and indicated resource of 15.6-million tonnes, grading 1.8 g/t gold for 899 800 oz.

Some 54% of the reserve ounces were contained within the Zoroastrian openpit and underground mine design, with significant potential for underground and openpit ore reserve expansions, Excelsior told shareholders.

Additional openpit resources were also yet to be incorporated into the mining studies.

The current prefeasibility work was considering the potential of constructing a one-million-tonne-a-year conventional gold processing plant, which would source ore from Zoroastrian openpits.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.712s - 110pq - 2rq
Subscribe Now