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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 LittleChampionon Aug 13, 2019 9:29am
154 Views
Post# 30021349

Excellent News Today - Almost ready for copper production

Excellent News Today - Almost ready for copper production

Phoenix, Arizona--(Newsfile Corp. - August 13, 2019) - Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") confirms the first delivery of acid to the Gunnison Copper Project in southern Arizona. Excelsior remains on-schedule for first copper production in Q4 2019.

In July, Excelsior completed the construction of three new acid storage tanks and a new acid unloading facility. The new acid storage tanks have capacity for 7500 tons of sulphuric acid, providing for excess operational and purchasing flexibility. Acid deliveries commenced on August 12th and will continue on a regular basis until the tanks are full and throughout operations.

Roland Goodgame, COO, commented by saying, "The new acid deliveries are on schedule and continue to demonstrate our progress towards operations later this year. The pure sulfuric acid in these tanks is diluted down to a weak sulfuric acid mining solution via the new acid handling and delivery system. This weaker acid solution is used in the wellfield operations to leach the copper from the naturally fractured rocks below ground."


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