M3 Engineering Awarded Contract For Gunnison And Johnson Camp Technical Report Update

PHOENIX, AZ - Excelsior Mining Corp. reported that M3 Engineering & Technology Corporation (M3) will prepare an updated technical report on a new operating plan for the Gunnison Copper Project and Johnson Camp Mine.

Roland Goodgame, Projects and Business Development. said, "With M3's diverse experience and familiarity with the project, they were the best choice to prepare an updated technical report for the new operating strategy. The Company has been actively moving forward with operational planning and permitting to re-start the Johnson Camp mine and implement wellfield adjustments at the Gunnison Project. Once operational, the cashflow from the Johnson Camp mine is expected to provide an alternative to financing the capital costs of the neutralized raffinate plant for Gunnison. The Company intends to operate Johnson Camp for only a short period of time to support its much larger and more environmentally friendly in-situ operation at Gunnison."