{kanada_flagge}Excellon Resources’ (TSX EXN / NYSE EXN; FRA E4X2) Platosa mine is the highest grade silver mine in Mexico. The company is drilling there specifically to define new mineralization for production – to “stay ahead of exploitation.” In doing so, Excellon has recently been able to present some very high-grade drill results.
Of the results presented today from Mantos 623, NE-1, NE-1S and Pierna (flat lying ore bodies), these included:
– 3,043 g/t silver equivalent (AgEq) over 2.2 meters (2,160 g/t Ag, 24.6% Pb, 7.2% Zn);
– 764 g/t AgEq over 7.5 meters with (648 g/t Ag, 2.6% Pb, 1.4% Zn);
– 1,008 g/t AgEq over 3.4 meters with (766 g/t Ag, 4.7% Pb, and 3.5% Zn);
– 801 g/t AgEq over 3.4 meters (501 g/t Ag, 5.8% Pb, 4.4% Zn);
– 5,110 g/t AgEq over 0.5 meters (4,451 g/t Ag, 8.8% Pb, 12.2% Zn and 0.2 g/t Au); and
– 903 g/t AgEq over 2.6 meters (523 g/t Ag, 3.5% Pb, 8.5% Zn)!
Is Excellon opening up a whole new dimension for itself?
Obviously, underground drilling is delivering what it should, defining and delineating high-grade silver mineralization to support mine planning, as explained Jorge Ortega, responsible for exploration at Excellon. The company is focusing on definition drilling to enable planning for upcoming and future production, and is also now testing the recently discovered high-grade and above all vertical mineralization zone.
In this area, where an initial drill hole had returned 2,860 g/t silver equivalent over 7.5 meters, Excellon has now drilled 20 more holes, according to Mr. Ortega, and is now awaiting laboratory results. If the vertical orientation of this mineralization zone is confirmed, Mr. Ortega added, it would open up a whole new dimension to the Platosa deposit.
In conclusion: Drilling to balance ongoing exploitation at Platosa is going well and consistently yielding high-grade silver, lead and zinc mineralization, which bodes well for the (near) future. However, we think the prospect of a new vertical mineralization zone of the Platosa deposit at shallower depths is particularly interesting. We are excited to see what the lab results will show!
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