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Excelsior Mining Corp. (TSXV:MIN) has formally exercised its option to acquire the Gunnison Copper project in Arizona.
Excelsior Mining Corp. (TSXV:MIN) has formally exercised its option to acquire the Gunnison Copper project in Arizona.
As quoted in the press release:
The Option to acquire the Gunnison Project was held under the terms of an Amended Option Agreement (the “Agreement”) with the Trust and entities owned by the Trust. In order to exercise the Option, Excelsior made the final payment of US$50,000 to the Trust that was due under the terms of the Agreement.
Excelsior president and CEO, Stephen Twyerould, said:
The acquisition of the Gunnison mineral rights is a significant milestone for the Company and a successful start to what promises to be an important year in the progression of the Gunnison Copper project. We look forward to advancing this world-class asset into production.
Click here to read the Excelsior Mining Corp. (TSXV:MIN) press release