Excelsior Gold (ASX:EXG) has been granted a trading halt by the...

Excelsior Gold (ASX:EXG) has been granted a trading halt by the ASX this morning pending details in relation to project financing.

Earlier in the week Excelsior announced that its Mining Proposal for the development of the Bardoc South and Bulletin South open pits had been approved by the Department of Mines and Petroleum.

The proposal covers the construction of the haul road linking Excelsior deposits to the Norton Gold Fields (ASX:NGF) Paddington Mill and the development of a series of open pits.

Ore Reserves for the Bardoc South open pits covered by the Mining Proposal are 205,000 tonnes at 2.75g/t gold for 18,100 ounces.

The halt will remain in place until the opening of trade on Monday 13th July 2015, or earlier if an announcement is made to the market.