resource upgrade at high grade zoroastrian dep

Excelsior have added an additional 142koz gold at Zoroastrian after recent drilling (an increase of 50% for the deposit), this includes the recent Bonanza gold hits and takes the resource base at its Kalgoorlie North Gold Project to 1.1Moz. Bear in mind EXG is still only part way through its 17000m drilling program, with additional drilling at Zoroastrian to come. EXG continue to add ounces at about $5/Oz and we can expect a further upgrade sometime in Jan 2013 upon completion of the current drill program. The deposit remains open along strike and at depth. Within the Zoroastrian resource, 352koz could be open pittable, while 77koz is more amenable to underground mining.