April 26, 2016
Excelsior Mining Corp. (TSX-V: MIN) (FSE: 3XS) (OTCQX: EXMGF) ('Excelsior' or the 'Company') is pleased to announce an update on the permitting progress at the Gunnison Copper Project.
Administrative Completeness Review (ACR) ('Administrative Review') has been achieved for both the Federal Underground Injection Control (UIC) Permit and for the State Aquifer Protection Permit (APP). The UIC is issued by the Environmental Protection Agency (EPA) under the Safe Drinking Water Act; whereas the APP is issued by the Arizona Department of Environmental Quality (ADEQ) under the Environmental Quality Act. Administrative Review is the first stage of the permitting process. It confirms that the permitting application is administratively complete, meaning that all the required documentation and technical data are present. Excelsior is working closely with the State and Federal regulatory agencies to help advance the issuance of draft permits, which Excelsior expects will occur early next year. Excelsior has now entered the technical review component of the permitting process.
Excelsior is also pleased to announce that both the Air Quality Permit and the Aquifer Protection Permit for Johnson Camp have been successfully amended and transferred from the prior owner to Excelsior Mining JCM, Inc. Both of these permits were issued by the ADEQ, and Excelsior considers this efficient transfer to be demonstrative of the proficiency of the permitting process in Arizona.
Commenting on this progress, Stephen Twyerould, President and CEO, said, 'With the successful completion of Administrative Review, the permitting process at Gunnison has moved beyond the first key milestone. We look forward to continuing our work with the respective agencies as we undertake technical review. Excelsior has every confidence in the efficacy of the agencies to deliver workable permits, in a timely manner, which ensure safe operations and the protection of the environment.'
Qualified Person
Excelsior's technical work on the Gunnison Copper Project is supervised by Stephen Twyerould, Fellow of AUSIMM, President & CEO of Excelsior and a Qualified Person as defined by National Instrument 43-101. Mr. Twyerould has reviewed and approved the technical information contained in this news release.
About Excelsior Mining
Excelsior Mining 'The Copper Solution Company' is a mineral exploration and development company that is advancing the Gunnison Copper Project in Cochise County, Arizona. The project is an advanced staged, low cost, environmentally friendly in-situ recovery copper extraction project that is scheduled for commercial production in 2018.
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 Update' dated effective January 28, 2016.
For more information on Excelsior, please visit our website at www.excelsiormining.com.
ON BEHALF OF THE EXCELSIOR BOARD
'Stephen Twyerould'
President & CEO
For further information regarding this press release, please contact:
Excelsior Mining Corp.
Concord Place, Suite 300, 2999 North 44 Street, Phoenix, AZ, 85018.
JJ Jennex, Vice President, Corporate Affairs
T: 604-681-8030 x240
E: [email protected]
www.excelsiormining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has either approved or disapproved of the contents of this release.