Silber in Sachsen. Da bin ich mal gespannt.
und es geht los
Da bin ich echt mal gespannt, auf was für Grade die da stoßen!
https://www.juniorminingnetwor…html#.Xwb9JTy-O4Y.twitter
Excellon Resources Begins Drilling at Silver City Project in Saxony, Germany
TSX: EXN
www.excellonresources.com
Mr. Brendan Cahill reports:
TORONTO, July 9, 2020 /CNW/ - Excellon Resources Inc. (TSX:EXN) (TSX: EXN.WT) (OTC:EXLLF) and (FRA:E4X1) ("Excellon" or the "Company") is pleased to announce that an initial 15-hole diamond drilling program has commenced on the 164 km2 Silver City Project in Saxony, Germany.
"We are targeting significant widths of high-grade silver in an epithermal silver district that was mined for over 750 years, but has never seen modern day exploration for precious metals," stated Ben Pullinger, SVP Geology. "Our initial program utilizes a multi-disciplinary approach to demonstrate that the historically prolific Freiberg silver district remains exceptionally prospective. This milestone has been achieved through collaboration with our partners and stakeholders and we are grateful for their support."
The Silver City Project was mined for high-grade silver from the 11th until the late 19th century, when Germany left the silver standard in 1873 and the gold:silver ratio collapsed. Records from the project indicate high-grade silver production over substantial widths throughout the district. Excellon is embarking on the first modern day exploration program focussed on precious metals.
Excellon has entered a research and development agreement with the Helmholtz Institute Freiberg ("HIF") to provide HIF with data and drill core samples from the Silver City Project through which HIF can test exploration technologies in real time, including hyperspectral analysis of drill core. The Company additionally has various collaborations with the Mineral Systems Analysis Group of the TU Bergakademie Freiberg (the Freiberg University) to develop further analyses of the project.
Excellon holds an option to acquire a 100% interest in the Silver City Project from Globex Mining Enterprises Inc. (TSX: GMX) (OTCQX: GLBXF) and (FRA: G1MN).
Annual Meeting of Shareholders
In response to the unprecedented public health impact of COVID-19 and to mitigate risks to the health and safety of its shareholders, employees and local communities, the Company will hold its annual meeting of shareholders (the "Meeting") on August 13, 2020.
The Company is relying on the exemption provided in the Ontario Instrument 51-504 – Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials and similar exemptions granted by the securities regulatory authorities or regulators in other jurisdictions of Canada to postpone the filing of its executive compensation disclosure for the year ended December 31, 2019 by June 30, 2020, as required under Section 9.3.1 (2.2) of National Instrument 51-102 – Continuous Disclosure Obligations. The Company will include executive compensation disclosure in its management information circular prepared and sent to shareholders in connection with the Meeting.
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 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.
Additional details on Excellon's properties are available at www.excellonresources.com.