Excelsior Mining Completes Acquisition of Johnson Camp Mine, Cochise County

A wholly owned  subsidiary of Arizona-based Excelsior Mining Corp. has successfully completed the acquisition of all assets of Nord Resources Corporation, as they relate to the Johnson Camp Mine (JCM). Excelsior’s flagship Gunnison Copper Project is located immediately adjacent to JCM in Cochise County, southeastern Arizona.

“We are pleased with our recent acquisition of the Johnson Camp Mine. The copper processing plant and related infrastructure at JCM have the ability to greatly facilitate the       goal of bringing our adjacent Gunnison Copper Project into production. We look forward to working with the experienced people at JCM and integrating the workforce into Excelsior’s mining team,” said Excelsior President and CEO Stephen Twyerould.

Excelsior’s primary interest is in the existing facilities at JCM but Excelsior intends to review and evaluate the exploration and copper mining potential. During this evaluation period and prior to production from the Gunnison Copper Project, the site will be staffed by existing JCM employees on a care and maintenance and evaluation schedule.

As part of the acquisition, approximately $3.99 million of back taxes owed by the previous owner were paid to Cochise County.

JCM mining claims are contiguous with Excelsior’s Gunnison Copper Project. The property consists of 59 patented lode mining claims, 117 unpatented lode mining claims and fee simple lands. The existing facilities include a 4,500 gallon per minute solvent extraction plant, a tank farm, an electrowinning plant with 88 electrowinning cells with capacity for 25 million pounds of copper cathode per annum, solution storage ponds, a truck shop, core storage building, offices, warehouse, laboratory, mechanical shop, a primary and secondary crusher, and various other equipment.

Mining operations at JCM date back to the 1880s and have continued intermittently under various owners. Since mining stopped in 2010, there has been limited copper produced from passive leaching of the existing leach pad. The mine had been in receivership since 2014.

Excelsior is a mineral exploration and development company working to advance the Gunnison Copper Project.  The Excelsior management team consists of experienced professionals with proven track records of advancing mining projects into production. 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, NI 43-101 Technical Report, Prefeasibility Study” dated February 14, 2014. Details about Excelsior can be found at: https://www.excelsiormining.com.