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Excelsior Mining ( (TSE:GCU) ) has provided an update.
Gunnison Copper Corp. announced positive results from its initial mineralized material sorting test program at the Gunnison Copper Project in southeast Arizona. The tests demonstrated a significant reduction in acid consumption by approximately 75% while maintaining copper recovery, which could materially improve the project’s economics. This advancement supports Gunnison’s vision of producing cost-effective, sustainable, and 100% Made-in-America copper. The results suggest that about 40% of the mined Martin Formation can be removed as internal waste, potentially doubling the process head grade and significantly reducing operating costs.
More about Excelsior Mining
Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer that controls the Cochise Mining District in the Southern Arizona Copper Belt. Its flagship asset, the Gunnison Copper Project, is one of the largest and most advanced copper development projects in the United States.
Average Trading Volume: 653,583
Technical Sentiment Signal: Sell
Current Market Cap: C$86.75M
For a thorough assessment of GCU stock, go to TipRanks’ Stock Analysis page.