MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) Announces Results from Platosa Mine Drilling
Feb 1, 2021
Excellon Resources (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) has released the results of its recent underground expansion and exploration drilling project at its Platosa Mine in Durango, Mexico. The project is designed to define and discover new mineralization in the Gap Zone, an area of the Platosa deposit that has never before been effectively drilled from the surface. The area has 300 meters of potential mineralized strike to be explored. Results of the drilling indicate a significant opportunity to add additional mineralization along a target approximately 300 meters along strike with a vertical extent of 30 to 40 meters. In the announcement, the company indicated this will be a priority for its 2021 program. “Definition and expansion drilling continues to deliver from underground at Platosa,” said Excellon senior VP of geology and corporate development Ben Pullinger in the press release. “We have two rigs turning underground right now, with a number of targets to follow-up on. A critical target is the ‘Gap Zone,’ an area of potential sub-vertical mineralization that was never properly drilled historically from surface and that is open to our developing 10–20 target, 300 metres away. This area represents a significant opportunity to define additional mineralization at Platosa.”
To view the full press release, visit https://ibn.fm/tJY0H
About Excellon Resources Inc.
The vision of Excellon Resources 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 the following: 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. For more information about the company, please visit www.ExcellonResources.com.
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