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  1. #1

    Default Excellon Resources Inc.

    Excellon Resources Inc. (EXN) - Share price at about $1.69 US$. They have four projects including one working silver mine in Mexico, a closed mine also in Mexico with a processing plant and two properties in the USA. The Mexican mine that's closed could be reopened. One of the USA properties was 100% owned, but now is being partnered with Centerra Gold, Inc. in exchange for cash investments. Worse case for this property would if the property is completely sold off in exchange for a 2% net smelter royalty plus the cash infusions. The second USA property (Kilgore) has been drilled, but not developed. DYODD.
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  2. #2


    Excellon Drills 2,860 g/t Silver Equivalent Over 7.5 Metres at Platosa

    "Toronto, Ontario – October 5, 2021 – Excellon Resources Inc. (TSX:EXN, EXN.WT; NYSE:EXN; FRA:E4X2) (“Excellon” or the “Company”) is pleased to announce results from underground drilling at the Platosa Mine in Durango, Mexico.


    Further high-grade results from the 623, NE-1S, and Guadalupe South mantos, with diamond drilling results from underground including:
    2,860 g/t silver equivalent (“AgEq”) over 7.5 metres (1,570 g/t Ag, 10.4% Pb, 29.6% Zn and 0.1 g/t Au) and 667 g/t AgEq over 2.5 metres (479 g/t Ag, 4.6% Pb and 2.0% Zn) in EX21UG690;
    2,009 g/t AgEq over 3.1 metres (1,214 g/t Ag, 8.3% Pb and 16.9% Zn) in EX21UG687;
    5,574 g/t AgEq over 0.8 metres (5,052 g/t Ag, 18.4% Pb, 1.3% Zn and 0.1 g/t Au) in EX21UG641;
    742 g/t AgEq over 4.8 metres (391 g/t Ag, 6.6% Pb and 5.3% Zn) in EX21UG633;
    5,432 g/t AgEq over 0.6 metres (5,012 g/t Ag, 15.8% Pb, 0.4% Zn and 0.1 g/t Au) in EX21UG673;
    Underground drilling continues to define and delineate mineralization for 2021 and 2022 production; and
    Potential new zone of high-grade mineralization discovered in EX21UG690 below historically mined zone in Guadalupe South, with upcoming drilling to test vertical attitude and extent.

    “Drilling at Platosa continues to define high-grade mineralization ahead of production,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development. “With EX21UG690, we have potentially discovered a new zone of very high-grade mineralization sitting below the historically mined upper part of the 623 Manto. This mineralization is located approximately 80 metres above the deepest current development heading and appears to have a vertical attitude that was not tested in historical drilling. Follow-up drilling to test this zone is an immediate priority of the ongoing drill campaign.”'
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  3. #3


    "Toronto, Ontario – October 19, 2021 – Excellon Resources Inc. (TSX:EXN; NYSE:EXN; and FRA:E4X2) ("Excellon" or the “Company") is pleased to announce Q3 2021 production results from the Platosa Mine in Durango, Mexico.

    Q3 2021 Production (compared to Q3 2020)

    Silver equivalent (“AgEq”) production of 521,160 oz (Q3 2020 – 524,312 AgEq oz), including:
    Silver production of 326,706 oz (Q3 2020 – 326,909 oz)
    Lead production of 1.9 million lb (Q3 2020 – 2.2 million lb)
    Zinc production of 2.0 million lb (Q3 2020 – 2.7 million lb)
    Fifth consecutive quarter of over 21,000 tonnes mined and milled and strongest nine-months of silver production since 2014

    “We have had another solid quarter of production from Platosa at the higher productivity rates that we have realized since Q3 2020,” stated Brendan Cahill, President and CEO. “We realized good improvements in mill recoveries late in Q3, which we continue to see as Q4 processing has commenced.”

    “As importantly, our team in Mexico has committed to achieving full vaccination, with over 99% now partially vaccinated and over 80% fully vaccinated. Like all, we have faced challenges over the past 18 months and I’m humbled by our team’s dedication to each other’s wellness and drive to always put health and safety first.”'
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  4. #4


    "Toronto, Ontario – October 26, 2021 – Excellon Resources Inc. (TSX:EXN; NYSE:EXN; FRA:E4X2) (“Excellon” or the “Company”) is pleased to announce results from underground drilling at the Platosa Mine in Durango, Mexico.


    High-grade results from the 623, NE-1, NE-1S, and Pierna mantos, with diamond drilling results from underground including:
    3,043 g/t silver equivalent (“AgEq”) over 2.2 metres (2,160 g/t Ag, 24.6% Pb, 7.2% Zn) in EX21UG698;
    764 g/t AgEq over 7.5 metres (648 g/t Ag, 2.6% Pb, 1.4% Zn) in EX21UG691;
    1,008 g/t AgEq over 3.4 metres (766 g/t Ag, 4.7% Pb and 3.5% Zn) in EX21UG733;
    801 g/t AgEq over 3.4 metres (501 g/t Ag, 5.8% Pb, 4.4% Zn) in EX21UG709;
    5,110 g/t AgEq over 0.5 metres (4,451 g/t Ag, 8.8% Pb, 12.2% Zn and 0.2 g/t Au) in EX21UG706;
    903 g/t AgEq over 2.6 metres (523 g/t Ag, 3.5% Pb, 8.5% Zn) in EX21UG740;
    Underground drilling continues to define and delineate mineralization to support mine planning;
    Follow-up drilling on vertical zone intersected in hole EX21UG690 (2,860 g/t AgEq over 7.5 metres) is underway with assays pending.

    “Drilling at Platosa continues to define and extend high-grade mineralization ahead of production,” stated Jorge Ortega, Vice President Exploration. “We continue to focus on infill drilling to support planning for upcoming and future production, as well as testing the recently discovered high-grade zone – the 817 Zone – below Manto 623. We have now drilled an additional 20 holes on the 817 Zone with assays pending. This zone appears to have a vertical orientation and has the potential to open up a more vertical dimension to the deposit.”'
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  5. #5


    "Excellon Provides Operations And Exploration Update

    Toronto, Ontario – January 5, 2022 – Excellon Resources Inc. (TSX:EXN; NYSE:EXN; FRA:E4X2) (“Excellon” or the “Company”) is providing an update on operations at Platosa and company-wide exploration plans over the course of 2022, with additional updates to be forthcoming as mining and exploration plans evolve over the coming months.

    “The Platosa Mine has been in operation since mid-2005 and has been a key contributor to the local economy of Bermejillo, Durango,” stated Brendan Cahill, President and CEO. “We have made great progress at Platosa over the past 16 years, professionalizing the mining operation, improving health and safety to industry standards, growing mineral resources and overcoming Platosa’s particular dewatering challenges. We have continued to aggressively drill to expand and define the mineral resource in recent years, but we are entering an area of the deposit that steepens significantly, with fewer vertical-tonnes-per-metre than historically encountered. The last two years have seen an increase in the challenges we face in Mexico, particularly the impact on dewatering rates of the suspension of industries in Q2 2020 and the polar vortex in February 2021, along with increased consumable prices and certain legislative changes. We continue to explore from underground and surface and refine the operation, but we are now assessing the economic viability of mining at Platosa beyond mid-2022. We will provide additional updates as 2022 mining plans continue to evolve. Contemporaneously, we also continue to advance exploration on each of our projects and we are considering various strategic alternatives to unlock value in each of our assets.”

    Operation and Mine Planning Discussion

    During 2021, the Platosa Mine and Miguel Auza mill delivered four quarters of stable production at record rates (six consecutive quarters looking back to Q3 2020). Annual and Q4 production results for 2021 are expected to be released in the coming weeks.

    The Company conducted extensive underground drilling over the past six quarters, including 320 holes totalling 20,462 metres during 2021. Much of this drilling successfully improved definition of mineralized bodies in advance of mining operations and incrementally added tonnage to the mineralized body. A key goal of this drilling, as variously stated, was to define tonnage in an area of deposit, the “Gap Zone,” that had not been sufficiently drilled with historic vertical holes from surface and which held significant potential for additional mineralization connecting the shallower parts of the mineralized body with the deepest defined extents. Drilling in the Gap Zone has not sufficiently infilled this area of the deposit.

    Over the course of 2021, cost increases impacted the operation in various areas, particularly energy (associated with increasing natural gas prices from the polar vortex of February 2021, which were subsequently sustained in part throughout 2021) and labour, the two largest cost centres. Additionally, legislative changes in Mexico further materially increased labour costs.

    The Company is assessing whether maintaining a consistent production schedule beyond mid-2022 at achievable dewatering rates and with acceptable capital expenditures is possible without additional mineralization being defined in the Gap Zone or elsewhere.

    Underground drilling continues and results are forthcoming on various areas of the deposit, including follow-up results from the vertically-oriented 817 Zone (2,860 g/t AgEq over 7.5 metres in EX21UG690). Ongoing underground exploration is testing for other potential vertical zones of mineralization. The Company is also launching an up to 2,000 metre surface drilling program in the coming weeks to test anomalous mineralization approximately 90 metres southeast of Manto 623. This drilling will be important to define mine planning for 2022 and is expected to provide insights by late Q1 2022.

    Exploration Outlook

    The Company has ambitious exploration plans on each of its projects for 2022. The brief summary of programs outlined below is flexible to market and liquidity conditions and receipt of outstanding data and data generated from the proposed programs. More detailed, project specific summaries may be provided prior to the commencement of each program. Updates on the 2022 program for the Oakley Project, operated and managed by Centerra Gold pursuant to the terms of the option agreement on the project, will also be provided in due course.


    Beyond the programs outlined above, the Company has a 2,700 metre drill program at PDN planned for H2 2022. PDN is a skarn-related target approximately two kilometres north of the Platosa Mine associated with the Rincón del Caído discovery made in 2012. The target is an 800-metre-long geophysical anomaly derived from induced polarization, magnetics and gravity surveys. The discovery horizon is at approximately 500-800 metres depth, which has necessitated an incremental drilling approach.

    The Company is conducting an O18 isotope study on the Jaboncillo target, approximately 11 kilometres northwest of the Platosa Mine. Jaboncillo is a Platosa- or CRD-style target, where exploration is testing for massive sulphide mantos and chimneys. The isotope study has been delayed due to COVID limitations in the academic labs capable of conducting the work. Combined with the strong understanding of stratigraphy and structure derived from geophysics and recent drilling programs, the isotope study is expected to provide additional information on the characteristics of the Jaboncillo hydrothermal system and additional vectors for a potential drilling program in late-2022.


    At the Evolución Project, the Company has planned approximately 4,600 metres of drilling for H2 2022 at the Ilusión and Los Lobos targets, which may lie on the structure regionally controlling Hecla Mining’s San Sebastián Mine, northwest of the project. The program is based on an ongoing regional structural geology study by a Ph.D. candidate from the Université du Québec à Montréal, detailed mapping and rock and soil geochemistry.


    The Company expects to commence a drilling program of approximately 15,000 metres on the Kilgore Project in mid-2022 pursuant to the terms of the drilling operations plan permitted by the United States Forest Service. The program is focussed on the Mine Ridge area, with 9,800 metres to expand the Kilgore deposit along strike and test high-grade mineralization at depth and an additional 1,800 metres to support metallurgical, geotechnical and hydrological studies. Additional drilling is planned for Prospect Ridge (1,250 metres) to test mineralization at depth and along strike from the deposit and Dog Bone Ridge (1,800 metres) to follow up on historic high-grade intersections. Drilling may also be conducted at the Gold Ridge target depending on results from drilling to depth at the Mine Ridge target and to follow-up on soil sampling anomalies.

    Silver City

    The Company currently expects to resume drilling on the Silver City Project in late January to close out the 2021 program, dependant on pending results from the Grauer Wolf target. Drilling may be conducted until March 31st and resumed on approximately July 1st based on crop planting and bird nesting cycles. Subject to annual permitting requirements, the currently proposed 2022 drilling program at Silver City includes approximately 9,000 metres of drilling on the Grauer Wolf, Peter Vein and Reichenbach targets and approximately 2,100 metres testing of known mineralized structures on the Oederan, Mohorn and Frauenstein licenses, which were added to the project in 2021. Various soil and ground geophysical studies are expected on the project during 2022 and advanced structural analysis is considered a high priority.

    Corporate Development and Strategic Alternatives

    The Company is considering various corporate development opportunities and strategic alternatives that may include acquisitions, divestitures, mergers or spin-offs of the Company’s or third parties’ assets, as applicable.

    Qualified Person

    Paul Keller, P.Eng., Chief Operating Officer, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the engineering and operating information contained in this press release. Jorge Ortega, P.Geo., Vice President Exploration, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the geological 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.

    Additional details on Excellon’s properties are available at

    For Further Information, Please Contact:

    Excellon Resources Inc.
    Brendan Cahill, President & Chief Executive Officer
    Jorge Ortega, Vice President Exploration
    (416) 364-1130"
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  6. #6


    "Excellon Drills 2,490 G/T Silver Equivalent Over 2.9 Metres At Platosa

    Toronto, Ontario – January 13, 2022 – Excellon Resources Inc. (TSX:EXN; NYSE:EXN; FRA:E4X2) (“Excellon” or the “Company”) is pleased to announce results from underground drilling at the Platosa Mine in Durango, Mexico.


    Follow-up drilling on the 817 Zone below Manto 623 defined a zone of high-grade silver mineralization, with underground diamond drilling results including:
    2,490 g/t silver equivalent (“AgEq”) over 2.9 metres (1,430 g/t Ag, 12.0% Pb, 21.7% Zn) and 5,089 g/t AgEq over 0.4 metres (4,035 g/t Ag, 25.2% Pb, 11.8% Zn) in EX21UG761;
    3,905 g/t AgEq over 1.8 metres (2,398 g/t Ag, 14.2% Pb and 33.2% Zn) in EX21UG760;
    2,124 g/t AgEq over 2.8 metres (1,267 g/t Ag, 7.5% Pb and 19.0% Zn) in EX21UG812;
    4,939 g/t AgEq over 0.9 metres (4,060 g/t Ag, 29.7% Pb, 3.3% Zn) in EX21UG769;
    3,158 g/t AgEq over 1.0 metres (2,956 g/t Ag, 6.1% Pb and 1.3% Zn) in EX21UG770;
    Underground drilling continues to test below historically-mined areas for potential vertical zones.

    “Drilling at Platosa following up on the 817 Zone has defined vertically-oriented, high-grade mineralization over approximately 30 metres of strike and 30 metres of vertical extent,” stated Jorge Ortega, Vice President Exploration. “The proximity of existing infrastructure should allow access to this zone in the coming months and supplement first and second quarter production. We continue underground drilling to target areas ahead of production, test the extent of mineralization around mine workings and test for vertical zones of mineralization.”

    Chart not included in this post see Excellon's website

    "Follow up drilling on the high-grade interval intersected in EX21UG690 (2,860 g/t AgEq over 7.5 metres) has defined a high-grade, vertical zone on approximately 30 metres of vertical extent. The 817 Zone provides additional dry tonnes to the current mine plan, with production expected to commence from the area as early as February 2022.

    Drilling from underground continues ahead of production at the NE-1 Manto, and will continue to target areas ahead of production, test the extent of mineralization around mine workings and test for vertical zones of mineralization at the 623, NE-1, Guadalupe Sur, Guadalupe Norte, 4, and 6A/B mantos.

    As referenced on January 5, 2022, Excellon continues to assess whether maintaining a consistent production schedule at the Platosa Mine is feasible beyond mid-2022 at achievable dewatering rates and with acceptable capital expenditures."

    Chart not included see their website

    "Technical Information and Quality Control Notes

    The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").

    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.

    The sampling of, and assay data from, the core sampling and reporting is monitored through a quality assurance and quality control (QAQC) program designed according to best industry practice. Samples from HQ sized drill core are selected by Excellon geologists and cut into halves at the project site. Half of the core is retained at the site for reference purposes. Sample intervals vary from 0.2 to 1.5 metres in length with samples being selected to honour geological contacts. Samples are labeled and packed into sealed plastic bags which are grouped into larger fiber bags for shipping. A formal chain-of-custody procedure is in place for security of samples from project to laboratory.

    Samples are shipped to SGS Laboratories in Durango City. Samples then undergo crushing to two millimetres followed by pulverizing to homogenize samples before a 50-gram sub sample is selected for analysis. The samples are then analyzed using fire assay for gold and silver with a gravimetric finish and multi-element analysis performed by ICP analysis for base metals and multi-element data."
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