WENATCHEE, WA — (Marketwired) — 05/22/13 — Excelsior Gold Corp, a wholly owned subsidiary of Helmer Directional Drilling (OTCBB: EXLA) filed a Notice of Intent with the USFS to open the caved portal, currently blocking access , based on previous sampling by ASARCO (1967) and US Borax (1976).
The Excelsior Mine was mined for silver and gold prior to 1917, closing during WWI due to a shortage of steel and mine labor. Approximately 50,000 tons of moderate to high-grade ore were minded during this time period.
Current Excelsior management has located and is examining extensive records dating from 1934 to 2004 which indicate that the mine be operated at gold prices as low as $750/oz.
Doug McFarland, CEO Excelsior Gold Corp
Paul Donaldson, PhD CEO 208-761-5970
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