Drilling Of Johnson Camp Mine - The Strong & Harris - Peabody Sill Deposits

PHOENIX, AZ - Excelsior Mining Corp. reported that 2 diamond drills have been mobilized to the Johnson Camp Mine (JCM), for infill drilling of the Burro and Copper Chief open pits, as well as drilling of the geophysical anomalies at the Strong & Harris and Peabody Sill deposits (S&H). Godbe Drilling LLC. from Colorado has been retained to drill 11,000 feet (3,250 meters) infill and metallurgical drilling targeting the Burro and Copper Chief deposits at JCM. The purpose of this drilling is to support the planned restart of copper mining at JCM.  

"We are moving quickly on key items related to the JCM restart, which, once operational, will provide cash flow while the raffinate neutralization plant is being designed and built for our flagship asset, the Gunnison Copper Mine,” said, Stephen Twyerould, President and CEO.

Godbe will also conduct 10,000 feet (3,050 meters) of infill and metallurgical drilling for S&H, as well as 4,000 feet (1,220 meters) in exploration drilling. Exploration drilling will evaluate a magnetic anomaly similar in size and intensity as the nearby S&H deposit. This anomaly is closer to the center of the JCM mineralized system than S&H and as such is a high priority target. The exploration drilling will also target an IP (Induced Polarization) anomaly along strike of known mineralization in the Peabody sill.

The plan is to first drill the JCM deposit infill and metallurgical holes. These holes will be completed before the end of Q1, 2022. The drill rigs will then be moved to Strong & Harris and Peabody Sill for exploration drilling and finally for the infill and metallurgical drilling there. All drilling is expected to be completed before the end of Q2, 2022.