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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

Comment by Richiechileon Feb 20, 2021 8:20am
167 Views
Post# 32617952

RE:RE:RE:RE:RE:RE:RE:RE:Onwards and Upwards

RE:RE:RE:RE:RE:RE:RE:RE:Onwards and UpwardsIn a conventional copper heap leach project, the ore is mined and crushed.   The crushing exposes both the copper mineral and the gangue.   The acid consumption is a function of the gangue and crush size etc. The economics of a traditional copper heap leach mine are heavily influenced by strip ratio, copper grade, acid consumption and scale of operation. This is why the cut-off grade varies widely for different oxide deposits.   Some oxide leach mines can make money from dust (incredibly low grade deposits) if the strip ratio and acid consumption are low.  Various "black art" techniques are used during the initial first leach of a copper heap.    An example would be an initial acid leach and letting the heap "cure" for a period of time.  This is temporary. The beauty of in-situ mining is there is no crushing involved. The copper oxide mineral (chrysocolla) is located on the fracture surfaces.   This is the same for Excelsior and Florence so they are fundamentally very similar as per the technical reports.   Excelsior has announced first production and first cathode sales and Florence is funded for their project after a successful pilot study.  On the 21st December Excelsior announced "Our focus for the coming quarter will be on expanding the wellfield operations with the goal of achieving full nameplate capacity of 25 million pounds per annum by late 2021".  By late 2021, hopefully everyone will be safe from Covid-19 and copper will be flying.  I have not seen any announcement that only half the wells are working so not sure of the basis for this?   The well is a hole with a pump and the pumps can be changed.   I think what you mean is the wells have different flowrates.   Read the study because all that matters is the overall wellfield flowrate and PLS grade not the focus on an individual well.   Given the stream funding the longer ramp-up takes the more money Excelsior can sell their cathode for.  My money is on the management team who have taken this project from study, through permitting, funding and construction and first copper.  In an age of instant gratification it is worth reflecting on what they have achieved. I am going to celebrate this and copper over $4/lb
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