DGAP-News: Excelsior Mining Corp. Completes Hydrological and Metallurgical Programs
(firmenpresse) - DGAP-News: Excelsior Mining Corp. / Key word(s): Miscellaneous
Excelsior Mining Corp. Completes Hydrological and Metallurgical
Programs
30.08.2011 / 15:09
---------------------------------------------------------------------
Excelsior Mining Corp. (TSX-V:
MIN)(OTCQX:EXMGF)(Frankfurt:3XS)('Excelsior') is pleased to announce that
the initial hydrological and metallurgical tests on the Gunnison Copper
Property are complete. Results are being compiled and will be released
within the next several weeks once they are finalized. The Gunnison
Property is located within the copper porphyry belt in southern Arizona.
'We look forward to releasing these results in September as they are
crucial in developing this deposit as an ISR (in-situ recovery) project,'
says Stephen Twyerould, President and CEO of Excelsior. 'These results will
be used to complete a Preliminary Economic Assessment expected later this
year.'
The hydrological program consisted of drilling two holes within the North
Star deposit and included pumping and injecting water to determine the
permeability of the mineralization. This new data will supplement the two
historical hydrological holes drilled by Magma Copper Corporation in the
mid 1990's that demonstrated Gunnison can be mined using ISR techniques.
The metallurgical program consisted of sending samples from two drill holes
to Hazen Laboratory in Denver, Colorado for column leach testing. The
column leach tests will greatly improve the current understanding of
in-situ copper extraction on the Gunnison Property.
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.
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: 604-681-8030
F: 604-681-8039
E: info(at)excelsiormining.com
www.excelsiormining.com
Cautionary Note Regarding Forward-Looking Information
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 completion of a Preliminary Economic Assessment and
the potential to use in-situ recovery methods on 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
statement.
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
---------------------------------------------------------------------
30.08.2011 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
---------------------------------------------------------------------
137512 30.08.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Formation Metals Signs Agreement for Underground Mining Operations and Provides Construction Update On Idaho Cobalt Project
Datum: 30.08.2011 - 15:09 Uhr
Sprache: Deutsch
News-ID 60546
Anzahl Zeichen: 4213
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 224 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Excelsior Mining Corp. Completes Hydrological and Metallurgical Programs"
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).
