After adding the Kilgore project in Idaho to its portfolio in April 2020, Excellon Resources has now increased the size of this property by 28%, adding 14.8 sq. km.
Drill highlights include the 2020 discovery hole, which hit 101 metres of 1.3 g/t gold; and 102 metres of 2.1 g/t gold in a 100-metre step-out to the northwest.
As part of this transaction, all of the Karus common shares would be distributed to KORE shareholders on a pro-rata basis to their ownership in the parent company.
With first gold production expected later this month, the company will moving on to a full-scale ramp up of the mining and milling activities in the next quarter.
