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TORONTO, ON--(Marketwired - February 02, 2017) - Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (OTC: EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce results from its ongoing surface and underground exploration program at the Platosa Mine in Durango, Mexico.
Highlights
- Discovery of extensions to 6A and Guadalupe North Mantos in which three distinct zones of mineralization were discovered above the water table. The first of the three zones is currently being mined, with 1,107 tonnes extracted in January. Results from EX16UG281 include:
- 686 g/t Ag, 4.69% Pb and 6.18% Zn or 1,193 g/t Ag Equivalent ("AgEq") over 2.4 metres;
- 504 g/t Ag, 4.33% Pb and 7.08% Zn or 1,041 g/t AgEq over 2.0 metres;
- 843 g/t Ag, 0.41% Pb and 0.02% Zn or 861 g/t AqEq over 1.2 metres;
- High grade intersection of 795 g/t Ag, 9.25% Pb and 25.85% Zn or 2,481 g/t AgEq over 3.0 metres in EX16LP1107, representing an increased footprint of mineralization north of the Pierna Manto, to be accessed in late 2017; and
- 2017 drill program to focus on drilling extensions and gathering important structural information related to controlling structures for the Rodilla and Pierna Mantos and expanding the mineral footprint of the Guadalupe South, NE1 and high-grade 623 mantos.
* AgEq in drill results assumes $16.80 Ag, $1.03 Pb and $1.23 Zn with 100% metallurgical recovery.
"Recent drilling results confirm our ability to discover additional high-grade manto mineralization both near surface and around our existing resource," stated Ben Pullinger, Vice-President, Geology. "The discovery of a connector zone between the Guadalupe North and 6A Mantos is very encouraging and provides more flexibility in our mine plans and allows us to open up new headings closer to surface."