Excellon Resources Inc. (TSX:EXN) (OTC:EXLLF) is pleased to announce results from underground exploration at the Platosa Mine in Durango, Mexico.
“Our underground drilling over the past two years has improved the definition and quality of tonnes within the resource,” stated Ben Pullinger, Senior Vice President Geology. “Today’s results further that success and represent potential additions to Platosa resources.”
The following table shows highlighted intervals from the current definition and infill program being conducted from underground at Platosa:
|Hole ID||Interval(1)||Interval(2)||Au||Ag||Pb||Zn||AgEq (3)||Area|
|(1)||From-to intervals are measured from the drill collar, with drill holes marked UG or PH drilled from underground stations.|
|(2)||All intervals are reported as core length.|
|(3)||AgEq in drill results assumes $17.00 Ag, $1.03 Pb and $1.23 Zn with 100% metallurgical recovery.|
Results from this release incorporate drilling from the Martillo and 822-2 underground drill stations which were developed to expand and define mineralization at the Rodilla, NE-1S and 623 Mantos. Drill results in this release were not included in the Company’s updated Mineral Resource Estimate as of March 31, 2018 and represents potential for additions to existing resources.
Platosa drill core samples are prepared and assayed by SGS Minerals Services in Durango, Mexico. The lab is accredited to ISO/IEC 17025. The Company has a comprehensive QA/QC program, supervised by an independent Qualified Person.
Isometric View of Results Looking Southwest
Surface Exploration Update
Surface drilling continues with a drill rig testing targets that host the Platosa deposit within the north-south trending Platosa corridor, with assays pending. The Company continues to test priority targets within this corridor while defining new targets at Jaboncillo, PDN, Saltillera North and South and San Gilberto through ongoing fieldwork. A 3D induced polarization program was completed at Jaboncillo and PDN in late 2018 in preparation for drilling programs on both targets in the coming months.
Mr. Ben Pullinger, P. Geo, Senior Vice-President Geology, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information relating to exploration results contained in this press release.
Excellon’s 100%-owned Platosa Mine has been Mexico’s highest-grade silver mine since production commenced in 2005. The Company is focused on optimizing Platosa’s cost and production profile, discovering further high-grade silver and carbonate replacement deposit (CRD) mineralization on the 21,000 hectare Platosa Project and epithermal silver mineralization on the 100%-owned 45,000 hectare Evolución Property, and capitalizing on current market conditions by acquiring undervalued projects in the Americas.
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