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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

Post by CopperWaveon Aug 12, 2020 1:19am
344 Views
Post# 31396247

Management making efficient use of time

Management making efficient use of time"Despite the risk and uncertainty surrounding the COVID-19 pandemic, the Company is doing as much as it can to prepare itself for an eventual restart with a targeted sustained production rate of 25 million pounds of copper per year. Using the limited number of people on site, the Company has recently been injecting acid solution into a small number of wells and recovering solution from a small number of adjacent wells. The purpose of these activities is to test the modified (retro-fit) wells under small scale operating conditions and to gain knowledge on the new Push-Pull operating procedures. The Company has maintained the wellfield in accordance with all state and federal permit requirements. At this time these small scale activities are preferred by the Company as the health risks to the Companys workforce related to COVID-19 continue, and any significant interruption in the workforce could negatively impact larger operations. The Company has put in place various procedures to mitigate the risk of transmission of COVID-19 on site as the Health and Safety of our employees is our primary concern. "
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