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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 4:31am
213 Views
Post# 32617724

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

RE:RE:RE:RE:RE:RE:Onwards and UpwardsThe SX-EW is conventional. The copper on the cathodes grows through electrolysis and then periodically the copper cathodes (sheets) are harvested, typically every 30 days. Excelsior announced the first harvest on 21 Dec and the first sale on 28 Jan. It makes sense they had a second harvest in late Jan which was combined with the first harvest in Dec and was sold. The combined harvest was 90,000lbs of copper. What matters is the wellfield flowrate and PLS grade, not whether an individual well is above or below expectations. The copper mineralogy at Gunnisson and Florence is both chrysocolla. Refer to the technical studies for both projects. Acid breakthrough and rampup for both projects is slow. No problems when the copper price is getting stronger and the majority of funding was with a stream. Excelsior and Florence are both great projects. There are some differences but fundamentally they are the same (copper in the form of chrysocolla on the fracture surfaces of an intensely fractured rock under the water table). Read the technical reports. There are some differences in the host rock and hence the acid reacts differently with the gangue. This is temporary and with time will ameliorate. What a great time to be ramping up production as breakeven production has got much lower thanks to the copper price. The world is desperately short of new copper discoveries and demand is very strong and growing. I have no doubt we will see $5/lb copper.
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