DGAP-News: Excelsior Mining Corp. Intersects 0.31% Copper Over 668 Feet
(firmenpresse) - DGAP-News: Excelsior Mining Corp. / Key word(s): Drilling Result
Excelsior Mining Corp. Intersects 0.31% Copper Over 668 Feet
07.07.2011 / 16:42
---------------------------------------------------------------------
Excelsior Mining Corp. (TSX-V: MIN) (Frankfurt:3XS) (OTCQX: EXMGF)
('Excelsior') is pleased to announce the final assay results from the
33,792 foot (10,300 meter) drill program on the Gunnison Copper Property
located within the copper porphyry belt in southern Arizona. Highlights
include:
Drill Hole From (feet) To (feet) Length (feet) Total Copper %
NSD - 14 402 1070 668 0.31
NSD - 15 410 1100 690 0.20
NSD - 16 880 1270 390 0.41
NSD - 17 800 1070 270 0.22
'The assay results from our drill program have come back largely as
expected,' says Stephen Twyerould, President and CEO of Excelsior. 'This
gives us great confidence in predicting that we will be able to move the
majority of our current inferred copper resource into the indicated
category. Investors can look forward to seeing the results of the updated
resource estimate within the next few weeks.'
Complete assay highlights with drill plan map are posted on the Excelsior
website at: http://excelsiormining.com/e/gunnison.php. Gunnison currently
contains a National Instrument (NI) 43-101 compliant inferred resource of
4.77 billion pounds of copper (787 million tons at 0.30% copper) which
remains open for expansion (see news release dated November 2, 2010). An
upgraded resource estimate is expected during the third quarter of 2011.
All samples are prepared from manually split half-core sections on site in
Arizona. Split drill core samples are then sent to Skyline Assayers&Laboratories in Tucson, Arizona for Total Copper and Sequential Copper
analyses. Standards, blanks, and duplicate assays are included at regular
intervals in each sample batch submitted from the field as part of an
ongoing Quality Assurance/Quality Control Program.
Excelsior's exploration work on the Gunnison Property is supervised by
Stephen Twyerould, Fellow of AUSIMM, President and CEO of Excelsior and a
Qualified Person as defined by NI 43-101. Mr. Twyerould has reviewed and is
responsible for the technical information contained in this news release.
Mr. Twyerould has verified the data disclosed in this news release,
including sampling, analytical and test data underlying the information
disclosed in this news release. Mr. Twyerould has verified that the results
were accurate from the official assay certificates provided to Excelsior.
About Excelsior
Excelsior is an exploration and development company with a copper project
located within the copper porphyry belt of Arizona. The Gunnison Copper
Project is located close to the required infrastructure and with its
in-situ recovery potential, is intended for near-term production. The
Excelsior team consists of experienced professionals with proven track
records of advancing projects towards production.
Further details about Excelsior can be found at:
http://www.excelsiormining.com. Further information about the Gunnison
Copper Project can be found in the technical report filed on SEDAR at
www.sedar.com entitled: Gunnison Copper Project, Cochise County, Arizona,
USA, Mineral Resource of the North Star and South Star Deposits dated June
2010.
ON BEHALF OF THE EXCELSIOR BOARD
'Stephen Twyerould'
President&CEO
Excelsior Mining Corp. - Vancouver
T: +1 604-681-8030
F: +1 604-681-8039
E: info(at)excelsiormining.com
www.excelsiormining.com
Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and
financial performance, and often contain words such as 'anticipate',
'believe', 'plan', 'estimate', 'expect', and 'intend', statements that an
action or event 'may', 'might', 'could', 'should', or 'will' be taken or
occur, or other similar expressions. All statements, other than statements
of historical fact, included herein including, without limitation;
statements about the timing for the upgraded resource estimate, expansion
of the resource estimate, the potential to use in-situ recovery methods and
the production potential of the Gunnison Copper Project are forward-looking
statements. By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors
include, among others, the following risks: the need for additional
financing; operational risks associated with mineral exploration;
fluctuations in commodity prices; title matters; environmental liability
claims and insurance; reliance on key personnel; the potential for
conflicts of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition; dilution;
the volatility of our common share price and volume and the additional
risks identified the management discussion and analysis section of our
interim and most recent annual financial statement or other reports and
filings with the TSX Venture Exchange and applicable Canadian securities
regulations. Forward-looking statements are made based on management's
beliefs, estimates and opinions on the date that statements are made and
Excelsior undertakes no obligation to update forward-looking statements if
these beliefs, estimates and opinions or other circumstances should change,
except as required by applicable securities laws. Investors are cautioned
against attributing undue certainty to forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release, and no
securities regulatory authority has either approved or disapproved of the
contents of this release.
End of Corporate News
---------------------------------------------------------------------
07.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
131302 07.07.2011
Datum: 07.07.2011 - 16:42 Uhr
Sprache: Deutsch
News-ID 34564
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 166 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Excelsior Mining Corp. Intersects 0.31% Copper Over 668 Feet"
steht unter der journalistisch-redaktionellen Verantwortung von
Excelsior Mining Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
