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Excellon Drills 1,828 g/t Silver Equivalent Over 5.2 Metres at Platosa

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Excellon Drills 1,828 g/t Silver Equivalent Over 5.2 Metres at Platosa

 

 

 

 

 

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

 

Highlights

 

  • Further definition and expansion of the 623, NE-1 and NE-1S Mantos, with diamond drilling results from underground including:
    • 1,828 g/t silver equivalent over 5.2 metres (1,051 g/t Ag, 12.1% Pb, 13.1% Zn and 0.2 g/t Au) in EX21UG600;
    • 2,368 g/t AgEq over 1.6 metres (1,647 g/t Ag, 12.3% Pb, 11.6% Zn and 0.1 g/t Au) in EX21UG597; and
    • 1,481 g/t AgEq over 2.5 metres (784 g/t Ag, 7.7% Pb, 13.9% Zn and 0.3 g/t Au) in EX21UG601
  • Drilling from underground continues to define and delineate mineralization in areas ahead of production and outside of the current mine plan

 

“Drilling at Platosa continues to define high grade mineralization ahead of production,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development. “Additionally drilling into areas previously defined by historical surface holes is upgrading our confidence in the grade and tenor of mineralization and expanding the mineralized envelope around 623 and NE-1”

 

Exploration Results

 

The following table shows highlighted intervals from the ongoing underground definition and infill drilling program at Platosa:

 

Hole ID Interval(1) Interval(2) Ag Pb Zn Au AgEq(3) Area
From To metres g/t % % g/t g/t
  EX21UG587 0.0 3.0 3.0 227 2.3 2.0 0.1 363 NE-1
and 66.1 67.4 1.3 360 10.1 10.2 972
 EX21UG588 64.8 66.1 1.3 692 9.3 6.3 1,149 NE-1
       including 65.3 65.6 0.3 1,200 21.4 14.3 2,242
   and 65.9 66.1 0.3 1,032 9.5 1.7 1,336
 EX21UG589 64.6 65.8 1.2 544 5.9 3.9 828 NE-1
       including 65.5 65.8 0.3 1,552 15.9 6.7 2,190
 EX21UG597 34.6 36.2 1.6 1,647 12.3 11.6 0.1 2,368 623
       including 34.6 35.6 1.0 2,424 18.2 16.1 0.1 3,454
 EX21UG600 30.1 35.3 5.2 1,051 12.1 13.1 0.2 1,828
       including 31.7 33.9 2.3 1,985 22.8 17.2 0.1 3,170
 EX21UG601 28.2 30.6 2.5 784 7.7 13.9 0.3 1,481 623
       including 30.0 30.6 0.6 1,335 8.0 25.7 0.8 2,480
 EX21UG605 42.7 45.8 3.1 581 5.7 11.4 0.1 1,126 623
       including 42.7 43.6 0.8 1,546 16.1 14.8 0.1 2,475
 EX21UG608 28.6 30.0 1.4 1,050 3.4 2.0 1,207 623
       including 28.6 29.0 0.5 2,624 6.8 2.7 2,891
 EX21UG610 30.6 33.7 3.1 289 2.2 3.7 472 623
       including 33.3 33.7 0.4 1,211 10.9 17.4 2,090
 EX21UG612 44.7 45.9 1.3 707 3.5 2.3 875 623
 EX21UG618 84.0 86.8 2.8 337 2.7 2.1 479 NE-1S
(1) From-to intervals are measured from the drill collar. All holes were drilled from underground stations.
(2) All intervals are reported as core length with true width estimated to range from 50-90% of core length.
(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 623, NE-1 and NE-1S Mantos. Most significantly, drilling into the 623 and NE-1 Mantos continues to improve understanding and confidence, and extend mineralization in these areas. Drilling at Platosa will continue to target areas ahead of production and test the extent of mineralization around mine workings.

 

Platosa drill core samples are prepared and assayed by SGS Minerals Services in Durango, Mexico. The lab is accredited to ISO/IEC 17025. Assay turnarounds have been impacted recently by supply and labour shortages related to COVID-19. 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 advanced exploration gold 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 August 18, 2021

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