WENATCHEE, WA — (Marketwired) — 07/15/13 — Excelsior Gold and Metals Corp. (OTCBB: EXLA), after a recent board meeting, has decided to move forward with production.
The first step is filing the Plan of Operation with the Forestry Service, which is being considered currently.
Once the plan is accepted, the company will accelerate the start of production, making the road passable and continuing negotiations with Mindanao, to purchase all of the production at the mine. This is a great savings for the company because they have no shipping costs, a mill is not necessary and there is no tailing pond, thus saving well over $10 million.
Paul Donaldson, PhD
CEO
208-761-5970