TORONTO, April 22, 2021 /CNW/ – Excellon Resources Inc.
“Underground drilling at Platosa continues to delineate high-grade silver,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development.
Most significantly, the Gap Zone , a zone of vertical mineralization inadequately tested with vertical holes drilled from surface, provides an opportunity to add mineralization along a target approximately 300 metres along strike with a vertical extent of 30-40 metres.
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 cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.
Investors: The terms “mineral resource,” “measured mineral resource,” “indicated mineral resource” and “inferred mineral resource,” as used on Excellon’s website and in its press releases are Canadian mining terms that are defined in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC by U.S.