Brendan Cahill, President & CEO of Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FSE: E4X2), will be presenting at Adelaide Capital’s Idaho Conference later this afternoon. The company is exploring two exciting projects in Idaho – Kilgore in Clark County and Oakley in Cassia County.
Kilgore is a high-quality gold resource project with almost 1M oz in resources at 0.5 g/t. The project PEA demonstrates an NPV of US$300M and post-tax IRR of 81% at US$1,800 gold, with cap-ex of US$81M delivering over 110,000 oz Au/year over a five-year mine life. As importantly, the project has potential to host a 3-5M oz gold deposit, with drilling results including 4.2 g/t Au over 95 metres that have never been followed up on to depth. Excellon aims to be drilling at Kilgore in Q3 of this year after completion of an environmental assessment by the US Forest Service.
Oakley is currently a smaller gold deposit totaling 163,000 oz in resources at 0.5 g/t, but Excellon has optioned the project to Centerra Gold, which has committed to spend up to US$7M over the next six years to earn into up to 70% of the project. Drilling is expected to begin in a few weeks.
To watch the presentation today at 2:50pm ET, register at the following link: https://ibn.fm/AdelaideCapitalIdaho2021
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