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Excelsior Mining Corp T.MIN

Alternate Symbol(s):  EXMGF

Excelsior Mining Corp. is a Canada-based mineral exploration and production company. The Company owns and operates the Gunnison Copper Project in Cochise County, Arizona. The Gunnison Copper Project is an in-situ recovery copper extraction project that is permitted to produce approximately 125 million pounds per year of copper cathode production. The Company also owns the past producing Johnson Camp Mine and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits. Its 100% owned Johnson Camp Mine is located over one mile from the wellfield. The Strong and Harris copper-zinc-silver deposit is located about 1.3 miles north of its Johnson Camp SX-EW facility. The Company is also evaluating the oxide and sulfide potential of all of its mining assets.


TSX:MIN - Post by User

Bullboard Posts
Post by LCP7777on Oct 22, 2015 4:26pm
249 Views
Post# 24218160

Then again...

Then again...There is significant local support as well. Plus Greenstone has/is investing $22MM US - they have full confidence it will be get the required permits - and they have done deep due diligence. I have spoken with Michael Haworth quite a few times. You have to remember the (and there will always be) people against any mining project need to show scientific proof. In this case it is my firm belief that scientific proof against the project does not exist. The aquifer flows and .2 feet per day. It is easily controlled and a large limestone structure is down stream which would neutralize any acid escapement should a problem occur. Perfect project, perfect place. "Cochise County Supervisor for District 3, Richard Searle, said, The sale would bring the taxes current (for Johnson Mine). We are short $1.5 million to $1.8 million and that would solve our deficit issue for this year. The county gets about 25 percent of the taxes, while the schools, college, hospitals and fire districts get the rest. It's great to see the business stay open and it's gravy to solve our deficit problem for this year, Searle said Monday."
Bullboard Posts