PHOENIX, Arizona–(Newsfile Corp. – January 16, 2023)- Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQB: EXMGF) (“Excelsior” or “Company”) is pleased to announce that it has entered into a partnership agreement with Rio Tinto venture company Nuton LLC to evaluate the use of Nuton™ copper heap leaching technology at Excelsior’s Johnson Camp mine in Cochise County, Arizona. think.
Rio Tinto developed Nuton technology. Nuton Technology is a broad portfolio of advanced copper deposition leaching technologies for primary sulfide minerals (including low-grade minerals) that cannot be treated by conventional leaching or sulfide treatment techniques. These technologies offer the potential to produce additional copper in a cost-effective manner. This has significant environmental benefits and reduces waste from new and ongoing operations.
In the first phase of the collaboration, Nuton will complete specific testing work on materials collected from its Johnson Camp mining project to ensure that suitable conditions exist for deploying Nuton technology. Assuming this testing effort is successful, the parties will move forward to negotiate commercial terms for the full-scale deployment of his Nuton technology at the Johnson Camp Mine. Testing work is expected to begin in the first quarter of 2023, with a view to potentially negotiating commercial terms depending on test results and other factors during the third quarter of 2023.
About Nuton
Nuton is an innovative new business aimed at supporting the growth of Rio Tinto’s copper business. At Nuton’s core is a portfolio of proprietary copper leaching related technologies and capabilities. It is the result of nearly 30 years of research and development. Nuton technology economically unlocks known low-grade copper sulfide resources, copper-bearing waste and tailings, offers the potential to achieve higher copper recoveries in oxides and transition materials, and significantly increases copper Enable production results. One of Nuton’s key differentiators is its potential to deliver superior environmental performance, such as improved water efficiency, reduced carbon emissions, and reclaimed mining sites through reprocessing of mine waste. am.
About Excelsior Mining
Excelsior”Copper Solution Companyis a mineral exploration and production company that owns and operates the Gunnison Copper Project in Cochise County, Arizona. The project is a low-cost, environmentally friendly, on-site recovery copper extraction project that produces 125 million pounds of copper annually. Cathode permits Excelsior also owns a portfolio of exploration projects, including the previously producing Johnson Camp Mine and the Peabody Sill, Strong and Harris deposits.
For more information on Excelsior, please visit www.excelsior.com. www.excelsiormining.com.
For more information about this press release, please contact:
Excelsior Mining Corporation
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, Arizona, 85018.
Sean Westcott
Phone: 604.365.6681
E: info@excelsiormining.com
www.excelsiormining.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking information” regarding anticipated developments and events that may occur in the future.Forward-looking information contained in this news release includes, but is not limited to, statements regarding: (i) our intention to deploy Nuton;® Johnson Camp mine technology and future production from it. (ii) details of future operational plans;
In some cases, forward-looking information is “planned”, “expected” or “not expected”, “budgeted”, “scheduled”, “estimated”, “forecast”, “intended” It can be identified using words such as ‘, ‘expect’, ‘unexpect’ or ‘believe’ or any variation of such words or phrases or any particular action, event or outcome that ‘could’ or ‘could’ , “may”, “may”, “will occur” implying future results or other expectations, beliefs, plans, objectives, assumptions, intentions or statements regarding future events or performance Or “achieved”. Forward-looking information contained in this news release includes, among other things, the availability of financing for the implementation of our business plans, estimates of mineral resources and mineral reserves, and the realization of resources and reserve estimates. based on the factors and assumptions of Expectations and expected impact of the COVID-19 outbreak, prices of copper and other metals, timing and amounts of future development spending, estimates of initial and ongoing capital requirements, estimates of labor and operating costs (acid prices availability of labor, materials and acid supplies, receipt and compliance with required regulatory approvals and permits, estimates of insurance coverage, and assumptions regarding currency fluctuations, environmental risks, title disputes or claims; and other similar issues. We believe these assumptions are reasonable based on currently available information, but they may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and the Company’s actual results, performance or achievements that may be expressed or implied by the forward-looking information. and other factors that can vary significantly. Such factors include the risks associated with changes in project parameters as plans continue to be redefined, including the potential for mining operations at the Gunnison Copper Project not to be maintained, which are inherent in the construction and operation of mineral deposits. Risks, including risks associated with mineral fluctuations. risks related to resources and reserves, grade or recovery, ability to access infrastructure; risks related to changes in copper and other commodity prices; and risks related to global supply and demand for copper and related products. , the risks associated with increasing competition in the market for copper and related products, the risks associated with the current global financial conditions, and the impact of COVID-19 on our business. , the uncertainty inherent in estimating mineral resources, access and supply risks, the ability to access acid supplies on commercially reasonable terms, reliance on keys, which include accidents, labor disputes, capital costs and operational costs. Includes increased costs and the risk of delays or increased costs that may occur during the construction or mining process. risks that may not be obtained in a timely manner or at all; funding, capitalization and liquidity risks; risks related to property and interest disputes; environmental risks; Additional Risks Identified in Applicable Canadian Securities Regulatory Submissions.
Although we have attempted to identify important factors that could cause our actual actions, events or results to differ materially from those set forth in the forward-looking information, we do not anticipate any future actions, events or results. , estimates, or other factors that may cause it to differ from expectations. was intended. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is current as of the date of this news release. We undertake no obligation to publicly update or revise any forward-looking information, except as required by applicable securities laws.
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