{kanada_flagge}Excellon Resources Inc. (TSX:EXN; NYSE:EXN; FRA:E4X2) reports continued success with underground drilling at its Platosa Mine in Durango, Mexico. Ongoing underground drilling is primarily aimed at defining and extending known Manto structures 623, NE-1 and NE-1S, whose mineralization lies outside the current mine plan.
Drilling campaign highlights included 1,828 g/t silver equivalent (“AgEq”) over 5.2 metres (1,051 g/t Ag, 12.1% Pb, 13.1% Zn and 0.2 g/t Au) in EX21UG600; including 2. 368 g/t AgEq over 1.6 meters (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 meters (784 g/t Ag, 7.7% Pb, 13.9% Zn and 0.3 g/t Au) in EX21UG601. The calculation of AgEq values in the drill results assumes $24.00 Ag, $0.90 Pb, $1.20 Zn and $1,800 Au at 100% metallurgical recovery.
Ben Pullinger, Senior Vice President Geology & Corporate Development explained, “Drilling at Platosa continues to define high grade mineralization upstream of production. In addition, drilling in areas previously defined by historical surface drilling is improving our confidence in the grade and orientation of the mineralization and extending the mineralized envelope around 623 and NE-1.”
Drilling at Platosa will continue to target areas ahead of production and test the extent of mineralization in the vicinity of the mine facilities.
Figure 1: Schematic overview of underground drill compartments in Manto structures 623; NE-1S and NE-1. In the center, an ochre circle marks an untested large structure below 623.
CONCLUSION: Excellon is delivering excellent results with nice regularity from its extension drilling at Platosa. Underground diamond drilling is confirming high-grade mineralization in expected locations, increasing confidence in the grade and orientation of the mineralization ahead of production. Importantly, the high-grade mineralization now encountered is not included in either the mining plan or the resource. In this respect, the strong results are primarily indicative of the robustness and longevity of the Platosa Mine.
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