Excelsior Commences Drilling at Gunnison

- January 12th, 2011

Excelsior Mining Corp. (CVE:MIN) announces that drilling has commenced at the Gunnison Copper Property located within the copper porphyry belt in southern Arizona.

Excelsior Mining Corp. (TSXV:MIN) announces that drilling has commenced at the Gunnison Copper Property located within the copper porphyry belt in southern Arizona.

The press release is quoted as saying:

Gunnison contains a National Instrument (NI) 43-101 inferred resource of 4.77 billion pounds of copper (787 million tons at 0.30% copper) which remains open for expansion (see news release dated November 2, 2010). Approximately 7,000 m of drilling will be targeted towards upgrading the resource from the inferred to the indicated category. Management expects that the majority of the oxide resource will be upgraded. The remaining 3,000 m of drilling will test exploration targets, with the goal of increasing the global copper resource. An updated resource estimate will be carried out following the completion of this drill program.

Click here to access the entire press release

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