Excelsior Mining Reports Updated Resource Estimate For Gunnison

Excelsior Mining (TSXV:MIN) reported an updated mineral resource estimate for its Gunnison copper project in Arizona.
As quoted in the press release:

The prior North Star mineral resource, reported in January, 2014, has now been updated to include the results of 13 additional diamond drill holes, totalling 17,110 feet that were completed in December, 2014.  The drill program was designed to convert a large part of the inferred mineral resource into the measured & indicated mineral resource categories.
The combined measured & indicated mineral resources estimate has increased by 26.6% as a result of the conversion of some of the 1.39 billion pounds of Cu (388 million short tons at 0.21% Cu) in the inferred mineral resource category into the measured & indicated categories.
The total mineral resource estimate for the North Star Deposit is based on results from 122 drill holes totalling 158,785 feet and is effective as of June 1, 2015.  Mr. Michael M. Gustin, with the independent firm Mine Development Associates of Reno, Nevada, is a Qualified Person as defined by NI 43-101 and is responsible for this mineral resource estimate. He has verified, reviewed and approved the technical disclosure contained in this news release. Mr. Gustin has verified the data underlying the results by reviewing the drilling, sampling, assay, and quality assurance and quality control data, as well as the geologic interpretations completed by Excelsior.  The estimate is classified as a measured, indicated or inferred mineral resource, consistent with the CIM definitions referred to in NI 43-101. Excelsior is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issues which may materially affect its estimate of mineral resources.