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
| Form Type | Received | Period Ending | Size | Report |
| 10-Q |
Jun 11, 2013 |
Mar 31, 2013 |
228.2 KB |
PDF RTF HTML XLS |
| 4 |
May 30, 2013 |
May 28, 2013 |
4.9 KB |
PDF RTF HTML XLS |
| 4 |
May 30, 2013 |
May 28, 2013 |
5.1 KB |
PDF RTF HTML XLS |
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
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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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