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 pending details of an update on its Kalgoorlie North Gold Project.

Recently the company executed a Capital Contribution and Ore Treatment Agreement with Norton Gold Fields (ASX:NGF) providing Excelsior with a long term gold ore processing allocation at the Paddington Mill.

The project is located 30 to 55 kilometres north of Kalgoorlie in Western Australia and covers 134 square kilometres of tenements.

The current project JORC compliant Measured, Indicated and Inferred Resources total 24.03 million tonnes at 1.79g/t gold for 1,383,100 ounces of contained gold (at 0.6g/t and 3.0g/t Au cut-off grades).

The halt will remain in place until the opening of trade on Thursday 19th February 2015, or earlier if an announcement is made to the market.