Excelsior Mining Corp. (TSXV:MIN,OTCQX:EXMG) provided updates to the resource estimate for the North Star deposit, part of Excelsior’s Gunnison Copper Project, in Arizona.
As quoted in the press release:
Highlights of Gunnison Oxide Resource Upgrade:
- 34% of metal in previous Indicated resource upgraded to Measured category
- Grade of Measured resource: 0.41% Cu
- Results based on 2012 drill program consisting of 10,502 ft (3,150 m) of diamond drilling
- New resource estimate uses cut-off grade of 0.1% total copper
Excelsior’s President and CEO, Stephen Twyerould, said:
By successfully moving a significant percentage of our Indicated resource to the measured category we have increased the geological certainty of the North Star deposit.