thanks Phil and this one has the E coming off this week from the 10q yesterday now. Mining claim is huge and they have two with one in WA and the other in MT.
Take the time to read the info and be ready for more huge volume like todays 25 million.
EXLA-E .0041
Helmer Directional Drilling Corp.
Excelsior Gold Corporation
(OTCBB: EXLA-E)
http://www.excelsiorgoldcorp.com/
Outside News Sources
| Publish Date | Headline |
| Jun 3, 2013 |
Excelsior Gold and Metals to Begin Work on Access Road to Excelsior Mine |
| May 22, 2013 |
Excelsior Gold Corp (EXLA) to Access High-Grade Gold-Silver Zone at Excelsior Mine |
SEC Filings
EXLAE Security Details
Share Structure
| Market Value 1 |
$221,955 |
a/o Jun 11, 2013 |
| Shares Outstanding |
105,692,627 |
a/o Apr 03, 2013 |
Excelsior Gold Corporation (OTCBB: EXLAE)
Excelsior Gold Corporation is an exploration and development company, concentrating in the exploration for, and development of, precious and base metal ore deposits, to include both proven and/or indicated reserve locations of gold (Au), silver (Ag), Copper (Cu), Iron (Fe), Rare Earth Minerals, and other exploitable resources. Our current assets include the Excelsior Mine in Whatcom County, Washington, on the western slope of the North Cascade range which consists of consists of 60 claims totalling 1200 acres, as well as the Liver Peak Property which consists of 30 unpatented federal mining claims covering 620 acres in the Lolo National Forest in Sanders County, Montana.
Excelsior Mine's geologically tested reserves (proven and un-proven) indicate close to one million ounces of gold alone, without consideration of the other indicated minerals
Our management and staff bring many years of knowledge, background, training, in exploration, extraction, refining and management of natural resources. In addition to the expertise of our highly qualified staff, we have access to respected leaders in their fields
If you would like more information about investment opportunities please contact us at 509-670-6841 or by email at corpinfo@excelsiorgoldcorp.com
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The Great Excelsior Mines Project
Overview
Located in Washington State, the Great Excelsior Mines present drill indicated gold-silver resource is 493,298 equivalent ounces of gold.
The Great Excelsior Mine was a former gold-silver producer which was forced to close in 1918 due to falling metal prices and a shortage of supplies. Excelsior Gold Corporation recently acquired 30 lode mining claims covering the drilled resource.
In 1987 Steelhead Resources commissioned American Mine Services, Inc. (AMS), to calculate the global geologic reserves and stripping ratio for the deposit. This calculation was done using geostatistical methods and based on the assay results from 45 core holes drilled by US Borax, Corp. AMS concluded that the project could be mined using a 3:1 stripping ratio. The results of this study are presented in Table 1.
Based upon the results of the American Mine Services study, Steelhead initiated a drilling program, consisting of 50 reverse circulation drill holes. The data gathered from this drilling program increased the high-grade reserves. Steelhead investigated mining the high-grade ore but was not successful in raising the necessary capital. Steelhead subsequently entered into a joint venture with FMC Gold which did additional "wild cat" drilling.
Mark Hawksworth of FMC Gold Corporation (1989) estimated the untested exploration potential of the Excelsior to be +500,000 equivalent ounces of gold. The present drill indicated and potential gold - silver resource is +700,000 equivalent ounces of gold. His conclusion was based upon the evaluation of six areas (not included in the above table) within and adjacent to the claim group. Estimated tonnage for calculated and untested reserves are believed to be 7.1 million tons of 0.08 Aueq @ 60:1Au:Ag ratio or 0.10 Aueq @ 48:1 Au:Ag ratio.
In 2004 Excelsior Mining Corporation commissioned a preliminary feasibility study for a 250 tpd mine and mill, using $390/ounce for gold and $5.90 for silver.
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CAUTIONARY NOTE TO U.S. INVESTORS – The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website which the SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-K which may be secured from us or the following website: www.sec.gov/edgar.shtml
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Excelsior In the News
Excelsior Gold Corp. Plans to Begin Underground Work at the Great Excelsior Mine
Fri, 31 May 2013 12:54:04 PST
Located in the NE ¼ Sec 6, T39N, R8E. The work shall consist of removing rotting timbers, barring down lose rock, opening and securing areas blocked by rock fall or collapse, installing ladders, improving mine safety, geologic mapping and sampling.
The work is scheduled to begin on June 1st, 2013 and shall continue until completed, or stopped by severe weather.
Excelsior Gold Corp. to Begin Work on Access Road to Excelsior Mine
Fri, 31 May 2013 12:53:04 PST
Excelsior Gold Corp. plans to begin work at the Great Excelsior Mine, located in the NE ¼ Sec 6, T39N, R8E. The work shall consist of surveying the upper and lower access roads using a GPS and mapping the location of the drill holes and drilling access roads for planning purposes.
The work is scheduled to begin on June 1st, 2013 and shall continue until completed.
Excelsior Gold Corp (EXLA) to Access High-Grade Gold-Silver Zone at Excelsior Mine
Wed, 22 May 2013 5:18 PST
WENATCHEE, WA--(Marketwired - May 22, 2013) - Excelsior Gold Corp, a wholly owned subsidiary of Helmer Directional Drilling (OTCBB: EXLA) filed a Notice of Intent with the USFS to open the caved portal, currently blocking access to a 10 ft (3m) wide, high grade gold - silver zone which runs between 0.54 opt Au and 1.22 opt Au and 47 opt Ag and 115 opt Ag, based on previous sampling by ASARCO (1967) and US Borax (1976).
The Excelsior Mine was mined for silver and gold prior to 1917, closing during WWI due to a shortage of steel and mine labor. Approximately 50,000 tons of moderate to high-grade ore were minded during this time period.
Current Excelsior management has located and is examining extensive records dating from 1934 to 2004 which indicate that the mine be operated at gold prices as low as $750/oz.
Helmer Directional Drilling Corp. Signs Binding Letter of Intent to Acquire CUP Claim Group
Fri, 05 Apr 2013 10:09:04 GMT
http://www.excelsiorgoldcorp.com/pdfs/goldfie...intent.pdf
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