Excel Gold Mining Inc. Five Month Update
Tuesday October 7, 10:15 am ET
biz.yahoo.com
QUEBEC CITY, Oct. 7 /CNW Telbec/ - Excel Gold Mining Inc. (TSX-V EGM) is pleased to announce to its shareholders that the company has made progressive changes over the past five months. As a result of aggressive acquisitions, the company had acquired 117 mining claims in August and is acquiring an additional 140 mining claims in the month of October consistently in the low lands of the Batiscan Region, Comté de Portneuf. This places Excel Gold Mining Inc. in a solid state and keen on continuing to add properties of merit to its current land claim package. At this time the company presents itself in good standing as it continues to acquire the 43-101's for its properties in hand. With a major land position in this prolific mineral area Excel Gold now plans to undertake and announce a comprehensive exploration program to assess fully the mineral potential of the area.
As previously stated "The Montauban II (Batiscan) property (140 additional claims) adds to Excel Gold's strong foothold in the Batiscan area where in August 2008 it completed the acquisition of 117 adjacent claims comprising 4603 hectares (Montauban 1). Excel Gold's foothold in the area will amount to 10,162.27 hectares upon completion and approval of the second acquisition.
Excel Gold will continue to add properties of merit to its land package. With a major land position in this prolific mineral area Excel Gold now plans to undertake and announce a comprehensive exploration program to assess fully the mineral potential of the area. There are two types of formations known in the Montauban area. The first is believed to be composed of volcanic sulphide masses and the second is hydrothermal in which case it contains gold, silver and copper with minor concentrations in zinc and lead.
The successful completion of this second acquisition is subject to certain conditions including but not limited to, the receipt of all required approvals, including the acceptance by the TSX Venture Exchange.
On behalf of the Board of Directors:
Excel Gold Mining Inc.
Daniel Pauzé
President
About Excel Gold:
Excel Gold Mining is a mineral exploration company with significant projects in five sectors of the mining resource industry. As seen it is rapidly building a portfolio of projects focused on gold, silver and copper and minor concentrations in zinc and lead in one specific area of Quebec. Maps, photographs, detailed geologic reports and additional information will soon be made available on our website that is under construction.
Forward looking Statement:
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward looking statements. This release has been prepared by management - TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For further information
Daniel Pauzé, (514) 951-7776
Source: EXCEL GOLD MINING INC. |
