Company News – Wed 11 Oct, 2017

By Cory Excelsior Mining Receives No Appeal on Recently Granted State Operating Permit

The Excelsior Mining story continues to move along with its permitting process. Going through this process can be a painfully slow period for the company but one that cannot be skipped.

I have liked the numbers behind Excelsior’s Gunnison Copper Project in Arizona since being introduced to the story over a year ago. In what looks like a very profitable in-situ mine the Company does have to go through all the governmental hoops but is finally nearing the light at the end of the tunnel.

The news below outlines that there were no appeals on the recent state operating permit, “Aquifer Protection Permit”. This is a step in the right direction. Now the Company is waiting on the federal Environmental Protection Agency and its Underground Injection Control (UIC) Permit. The Company claims this permit is “the last of three key operating permits”.

I will be having the President and CEO Stephen Twyerould on the show next week to answer all of your questions. Please comment or email me with your questions you would like answered. Fleck@kereport.com.

Click here to visit the Excelsior Mining webiste for more information.

… Here’s the news…

Excelsior Mining Corp. (TSX: MIN) (OTCQX: EXMGF) (FSE: 3XS) (“Excelsior” or the“Company”) is pleased to announce that the Arizona Department of Environmental Quality (“ADEQ”) has confirmed that the mandated 30-day appeal period has ended without appeal for Excelsior’s Aquifer Protection Permit (“APP”) for the Gunnison Copper Project. (See Excelsior news release dated September 5, 2017 – Excelsior Mining Granted State Operating Permit for Gunnison Copper Project).

Commenting on this news, the Chairman of Excelsior Mining, Mark Morabito said, “The successful completion of this major milestone is yet another demonstration of the ability and experience of our management team, led by Stephen Twyerould. To complete the entire state permitting process well within a two-year timeframe is an accomplishment that few within the industry thought possible. With this permitting success, Stephen Twyerould and his team have moved Excelsior significantly closer to production, while the lack of an appeal to our permit highlights the strong community support enjoyed by our project.”

Stephen Twyerould, President and CEO, added, “With the issuance of this final state operating permit, Gunnison remains on-track to become the next new copper mine in the United States. From the beginning, we have remained wholly committed to technical excellence and the highest environmental standards; these core values have served us well throughout the permitting process and will continue to guide us as we move into production.”

Excelsior continues to work with the federal Environmental Protection Agency towards the issuance of an Underground Injection Control (UIC) Permit, which is the last of the three key operating permits required. Excelsior expects a draft UIC Permit will be issued for public comment soon.

About Excelsior Mining
Excelsior Mining “The Copper Solution Company” is a mineral exploration and development company that is advancing the Gunnison Copper Project in Cochise County, Arizona. The project is an advanced staged, low cost, environmentally friendly in-situ recovery copper extraction …read more

Source:: The Korelin Economics Report

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