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excelsior mining corp (MIN) Snapshot

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01/20/14 - C$0.63
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excelsior mining corp (MIN) Details

Excelsior Mining Corp. is engaged in the acquisition, exploration, and evaluation of mineral properties in North America. Its principal project is the Gunnison Copper Project covering an area of 6,405 acres located in Cochise County, Arizona. The company was incorporated in 2005 and is headquartered in Phoenix, Arizona.

Founded in 2005

excelsior mining corp (MIN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Executive Vice President and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

excelsior mining corp (MIN) Key Developments

Excelsior Mining Corp. Announces Successful Metallurgical Drill Program Concludes at Gunnison

Excelsior Mining Corp. announced that the metallurgical drill program has ended successfully at the Gunnison Copper Project in Arizona. Ten (10) diamond-drill holes were completed totaling 5,899 feet of diamond drilling (11,306 feet in total drilling). Excelsior has submitted a total of 23 samples for metallurgical testing. The samples will be crushed and categorized by geologic factors; the tests are estimated to last 120 to 160 days based on separate leach cycles. Open cycle column leaching will include mature raffinate generated in previous column leach tests on ore from the North Star deposit or from the Johnson Camp mine which is adjacent to the North Star Deposit. Testing will be conducted by the independent laboratory, MAG (Minerals Advisory Group) of Tucson, Arizona under the supervision of Dr. Ronald J. Roman, an independent consultant who is a Qualified Person as defined by NI 43-101. Additional box leach and separate acid consumption tests will also be completed as part of the overall metallurgical program. The results of these metallurgical tests will be used to determine copper extraction rates, acid consumption rates, and rinsing procedures and rates. Results will be used for both the permitting application process and the feasibility study.

Excelsior Mining Corp. Announces Hydrological Drilling Program Results at the Gunnison Copper Project in Arizona

Excelsior Mining Corp. announced that its hydrological drilling program has commenced at the Gunnison Copper Project in Arizona. The primary component of the hydrological program will comprise 26 hydrology test wells totaling approximately 28,000 feet. Extensive geophysical logging and long term pump tests will be conducted on all holes with the objective of characterizing aquifer properties and the variations that control the movement of fluids through the mineralized bedrock. Because hydraulic conductivity, effective porosity, and aquifer continuity are critical in the mining process, the investigations of potential conduits or barriers to groundwater flow will prove invaluable to the ultimate design and success of the production well field. Results will be used to construct a numerical groundwater flow and transport model to simulate the planned in-situ recovery operations, and to demonstrate hydraulic control during operations. Additional long-term aquifer testing will also be conducted on previously constructed wells. Hydrological data and modeling will be used for both the permitting application process and the feasibility study. All drilling, data interpretation, and modeling are expected to be completed in second quarter of 2015.

Excelsior Mining Corp. Appoints Lord Robin Renwick to the Board of Directors

Excelsior Mining Corp. announced the closing of the second tranche of the $10 million equity financing and strategic partnership announced with an affiliate of Greenstone Resources L.P. (Greenstone). In conjunction with this closing, Excelsior also appointed Lord Robin Renwick, Lord Renwick of Clifton, to the Board of Directors as the second Greenstone nominee. Lord Renwick was Vice Chairman, Investment Banking, JP Morgan Europe from 2000-2014 and Vice Chairman of JP Morgan Cazenove from 2005-2014.


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