The Prospector News

Excellon Drills 1,422 g/t Silver Equivalent Over 8.9 Metres at Platosa

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Excellon Drills 1,422 g/t Silver Equivalent Over 8.9 Metres at Platosa

 

 

 

 

 

Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) is pleased to announce results from underground expansion and exploration drilling at the Platosa Mine in Durango, Mexico.

 

Highlights

 

  • Further definition and expansion of the Rodilla, NE-1S and Pierna Mantos, with diamond drilling results from underground including:
    • 1,422 g/t silver equivalent over 8.9 metres (1,023 g/t Ag, 9.3% Pb, 4.5% Zn and 0.1 g/t Au) in EX20UG491, including 4,623 g/t AgEq over 2.2 metres (3,499 g/t Ag, 29.7% Pb, 10.3% Zn and 0.1 g/t Au);
    • 1,092 g/t AgEq over 2.4 metres (673 g/t Ag, 6.7% Pb and 7.1% Zn) in EX20UG493;
    • 1,539 g/t AgEq over 1.6 metres (1,258 g/t Ag, 7.5% Pb, 2.4% Zn and 0.1 g/t Au) in EX20UG506; and
    • 984 g/t AgEq over 4.0 metres (721 g/t Ag, 4.1% Pb and 4.5% Zn) in EX21UG515;
  • Drilling underway to define and discover new mineralization in an area of the Platosa deposit that was never effectively drilled from surface – the Gap Zone – with 300 metres of potential mineralized strike to be explored.

 

“Initial drilling from the top of the Gap Zone has returned compelling high grade results,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development. “This sub-vertical structure connects the 623 and NE-1S mantos and represents a significant opportunity to define additional mineralization at Platosa. We also continue to define and add further tonnage around known manto mineralization.”

 

Exploration Results

 

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) Ag Pb Zn Au AgEq(3) Area
From To metres g/t % % g/t g/t
EX20UG488 21.8 23.3 1.5 439 5.5 6.7 811 Pierna
including 21.8 22.5 0.7 607 7.3 9.8 1,130
and 29.3 29.9 0.6 195 5.1 6.4 545
EX20UG490 36.0 37.1 1.1 156 1.6 9.6 524 Pierna
including 36.4 37.1 0.6 201 2.5 11.9 674
EX20UG491 67.6 76.5 8.9 1,023 9.3 4.5 0.1 1,422 Rodilla
including 67.6 69.8 2.2 3,499 29.7 10.3 0.1 4,623
EX20UG492 69.2 69.4 0.3 356 5.5 2.9 599 Rodilla
EX20UG493 58.1 60.5 2.4 673 6.7 7.1 1,092 NE-1S
including 58.9 59.8 0.9 1,384 13.0 11.0 0.1 2,101
EX20UG497 90.8 93.8 3.1 208 2.8 6.9 516 NE-1S
including 92.1 93.0 1.0 507 6.2 19.2 1,323
EX20UG499 93.1 94.5 1.4 114 1.6 1.7 212 NE-1S
EX20UG502 24.0 25.9 1.9 789 7.1 6.2 0.1 1,190 NE-1S
including 24.5 25.1 0.7 1,130 7.6 12.8 0.2 1,778
EX20UG503 24.1 27.8 3.7 508 4.0 7.4 866 NE-1S
including 24.8 26.0 1.3 796 4.7 14.2 1,408
EX20UG506 28.5 30.0 1.6 1,258 7.4 2.4 0.1 1,539 623
including 28.5 28.9 0.5 3,376 16.0 0.1 3,791
EX20UG508 31.1 32.4 1.3 606 6.0 0.9 791 NE-1S
including 31.7 32.1 0.4 1,931 18.8 2.6 0.1 2,508
EX20UG509 37.2 37.5 0.3 1,612 9.2 4.7 2,012 NE-1S
EX21UG513 59.3 59.6 0.3 408 1.5 0.2 454 NE-1
EX21UG514 33.8 35.1 1.2 261 3.3 7.5 603 Gap
EX21UG515 22.6 26.6 4.0 721 4.1 4.5 984 Gap
including 23.4 24.0 0.6 1,082 1.7 6.6 1,353
and 26.0 26.6 0.6 1,980 10.0 0.8 2,264
(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 with true widths estimated to be between 50 and 95%.
(3)       AgEq in drill results assumes $24.00 Ag, $0.90 Pb, $1.20 Zn and $1,800 Au with 100% metallurgical recovery.

 

Drilling from underground continues to define and expand known mineralization ahead of production at the Pierna, NE-1 and NE-1S Mantos. Most significantly, drilling into the Gap Zone (see figure 1), a zone of vertical mineralization inadequately tested with vertical holes drilled from surface, provides a significant opportunity to add additional mineralization along a target approximately 300 metres along strike with a vertical extent of 30-40 metres. This target will be a priority for the 2021 program and remains open to the south of the deposit, where drilling from surface at the 10-20 target has intersected mineralization beyond the current extent of the Platosa mineral footprint.

 

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.

 

Qualified Person

 

Mr. Ben Pullinger, P.Geo., Senior Vice President Geology & Corporate Development, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information contained in this press release.

 

About Excellon

 

Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities and shareholders. The Company is advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. The Company also aims to continue capitalizing on current market conditions by acquiring undervalued projects.

 


PLATOSA MINE – UG INFILL AND EXPANSION DRILLING (CNW Group/Excellon Resources Inc.)

 

 

Posted February 25, 2021

Share this news article

MORE or "UNCATEGORIZED"


Newrange Signs Agreement to Acquire Past-Producing, High-Grade Argosy Gold Mine in the Red Lake Mining Division

Newrange Gold Corp. (TSX-V: NRG) (US: NRGOF) (Frankfurt: X6C) is ... READ MORE

August 5, 2021

Asante Gold Raises C$80 Million at C$0.70 Per Share to Finance the Acquisition of the Bibiani Mine

Asante Gold Corporation (CSE:ASE) (FRANKFURT:1A9) (U.S.OTC:ASGOF)... READ MORE

August 5, 2021

Adyton Discovers New High Grade Ore Zone at Gameta – including 8.6m @ 4.89g/t Au and 6.9m @ 4.31 g/t Au

Adyton Resources Corporation (TSX-V: ADY) Highlights: Drilling un... READ MORE

August 5, 2021

Doubleview Drills 907.8 Meter Polymetallic Intersect at Lisle Deposit and Announces "O'Zone" Discovery with 760.4 Meter Intersect 1.5 km from the Lisle Zone

Doubleview Gold Corp (TSX-V: DBG)  is pleased to announce the l... READ MORE

August 5, 2021

Talon Metals Grows the New 'Pool' of Massive Nickel-Copper Mineralization at the Tamarack Nickel Project

Talon Metals Corp. (TSX: TLO) is pleased to provide an update on ... READ MORE

August 5, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News