Completes Major Surveying Campaigns
Excellon Resources Inc. (TSX:EXN) has expanded its Kilgore Property in Clark County, Idaho, by 28% by staking of 175 claims.
The company has also announced a number of Kilgore exploration highlights including:
- Completed ASTER and LiDAR geophysical surveying over 110 sq. km
- Identified multiple new promising regional targets through sampling and prospecting, returning visible gold in sediments and outcrop
- Reviewed 3,000m of historical core, providing new insights into Kilgore deposit geology
“Our initial field season has confirmed our belief in the multiple growth opportunities on the Kilgore Property, both within and beyond the known mineral resource,” said Ben Pullinger, SVP Geology & Corporate Development.
“Remote sensing, relogging of drill core and analysis of the structural controls on the Kilgore Deposit have aided regional targeting and led to numerous new showings in prospective host lithologies.
“We are currently moving through the permitting process for the next phase of exploration on the property and look forward to building on our learning since acquiring the property in April 2020.”
The company completed aerial surveys providing Light Detection and Ranging (LiDAR) and orthophotographic data and imagery over the Kilgore Property. Further remote sensing has included Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) satellite data, which produced spectra indicative of alteration associated with the emplacement of the target epithermal system.
These surveys provided essential information for follow up staking and prospecting on the broader Kilgore Property and, combined with detailed relogging, geochemical modelling and structural interpretation, identified additional prospects within and adjacent to Excellon’s claims at Kilgore.
An additional 175 claims totalling 1,477 hectares were subsequently staked and added to the Kilgore Property, expanding the property by 28%.
Prospecting on new targets recently commenced focusing on historically underexplored areas within and surrounding the Kilgore claims. A total of 101 rock samples were collected. Four new prospecting targets were developed through the identification of favourable lithologies, inferred structural trends, and recovered gold in stream sediments.
During the ongoing 2020 programme, the company has relogged over 3,000m of historic drill core from 11 diamond drill holes within the Kilgore deposit area. The Kilgore deposit is a caldera-related epithermal gold deposit with current Indicated Resource of 44.6 million tonnes at 0.58 g/t Au for 825,000 ounces Au and an Inferred Resource of 9.4 million tonnes at 0.45 g/t Au for 136,000 ounces Au.
Planning for the 2021 season is underway with a multifaceted geochemical and geophysical program planned for the GK prospect (six kilometres northwest of the Kilgore deposit), including rock and soil sampling, BLEG stream sediment sampling and IP/RES surveys to identify potential controls on mineralisation and drill targets. Regional surface sampling, geologic mapping, and prospecting will continue within the newly identified prospective areas.
