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Mineral Resources
The following tables set forth the estimates of mineral resources attributable to properties in which Excellon currently holds an interest.
Gold Projects
| Table 1: Kilgore Deposit – Idaho, United States |
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| Category | Tonnes (‘000s) |
Au (g/t) |
Au (‘000s oz) |
| Indicated | 44,556 | 0.58 | 825 |
| Inferred | 9,399 | 0.45 | 136 |
Notes:
- Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources estimated will be converted into mineral reserves.
- Mineral resources are reported above a 0.21 g/T Au (0.006 opt) cut-off, gold price of $1300/oz, and assuming metal recoveries of 80%.
- Mineral resources reported here are constrained within an optimized pit shell. Pit shell input parameters: Gold price $1,300, Selling price $2.20/oz, Recovery 80%, Mining cost $2/ton, Process cost + G&A $4/ton, Pit slope 50°.
- Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.
- See also the Kilgore Technical Report.
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