The diamond drill program will include: Six 100m spaced holes for 2,000 meters, in the Muscocho Ramp area, Five holes for 1,000 m in the Lens C, two holes for 800 m along VLF-EM axis around the possible fault zone, six shallow holes for 150 m as follow-up of the North Gold Zone trend, two 250 m holes for 500 m in the South Gold Zone, and eight holes for 1,000 m on the La Traverse and Lac des Laurentides
Following a full analysis of the 3-D GEMCOM model, Excel geologists and work team have prepared the drill targets and work plan for tender process. The company is pleased to announce it has retained the services of Landdrill International Inc. (Publicly trading on the TSX Venture under the symbol (LDI.V) Landdrill International Inc provides contract drilling services for mining and mineral exploration Companies primarily in Canada, Mexico, Mongolia, and the Russia Federation.)
Mr. Martin Harvey reports:
We are very well prepared for this campaign, and our expectations are very high, since they have been motivated by the results of a comprehensive historical data compilation processed through a state of the art scientific analysis model. We have completely changed the face of the Company during the past 2 years and considerably increased shareholders value: we are now well structured and adequately funded, and the recent appointment of 2 new board members, whom are highly experienced in the mining field, is providing Excel, new tools and hands on the job expertise that will become highly instrumental in this crucial validation phase. I trust that this exploration program will be the prelude to a massive work program in preparation for a potential resource calculation.
Excel management his holding the Company Annual Shareholder's Meeting tomorrow November 9th 2010, at 9:00 am ET, at corporate offices located at 1411 Peel Street, Suite 600, Montreal, Quebec. We invite our shareholders to visit us and attend the meeting.
Meanwhile we invite you to visit our Corporate Website at: http://www.excelgoldmining.com
For further information please contact:
Mr. Martin Harvey
Director, Excel Gold Mining Inc.
(514) 844-8770, #101
Fax: (514) 844-8577
Or contact: firstname.lastname@example.org
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
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