Welcome to our dedicated page for EXCELSIOR MINING news (Ticker: EXMGF), a resource for investors and traders seeking the latest updates and insights on EXCELSIOR MINING stock.
Excelsior Mining Corp (EXMGF) is a mineral exploration and production company that owns and operates the Gunnison Copper Project in Arizona. Recently, the company has announced assay results at the Johnson Camp Mine (JCM) from the Stage 1 drilling with Nuton LLC, a Rio Tinto venture. The program consists of drilling core samples primarily for metallurgical evaluation, funded by Nuton as part of the Option to JV Agreement. The Company's operations include historical open pit, heap leach processes, and a fully functioning SX-EW plant capable of copper cathode production. An updated Preliminary Economic Assessment (PEA) indicates promising financial figures, with a significant after-tax NPV and IRR, emphasizing the potential for significant copper production at the JCM.
Excelsior Mining Corp. announced encouraging assay results from its infill drilling at the Johnson Camp mine in Arizona. The new findings, particularly from the Burro pit, reveal significant thickness and grade, enhancing the potential for developing a new mine plan targeting higher-grade zones. The company is advancing on permits to restart operations, although full operations are now projected for 2023 due to ongoing drilling and metallurgical tests. The latest drill program included 43 diamond holes, with 37 showing an average leaching potential exceeding 68% for copper.
FAQ
What is the current stock price of EXCELSIOR MINING (EXMGF)?
What is the market cap of EXCELSIOR MINING (EXMGF)?
What is Excelsior Mining Corp?
What recent announcement did the company make?
What does the updated Preliminary Economic Assessment (PEA) indicate?
What is the purpose of the drill program at the JCM?
