Hits High-Grade Silver In Initial Drilling Campaign
Excellon Resources Inc. (TSX:EXN) has intersected significant silver mineralisation in initial diamond drilling from the ongoing programme at the Silver City Project in Saxony, Germany.
Intersection of significant silver mineralisation at three targets in initial holes including:
- 1,042 g/t silver equivalent (AgEq) over 0.45m (911 g/t Ag, 0.4 g/t Au, 2.8% Pb and 0.9% Zn), within 231 g/t AgEq over 2.30m (183 g/t Ag, 0.4 g/t, Au 0.5% Pb and 0.2% Zn) in initial drilling on the Peter Vein;
- 505 g/t AgEq over 0.71m (356 g/t Ag, 2.0 g/t Au), within 191 g/t AgEq (134 g/t Ag and 0.8 g/t Au) in first hole at Reichenbach (Großvoigtsberg), a new, near-surface discovery in an area with minimal historic mining;
- 319 g/t AgEq over 0.35m (300 g/t Ag, 0.2 g/t Au and 0.2% Zn), within 101 g/t AgEq (87 g/t Ag, 0.2 g/t Au) in first hole at Bräunsdorf;
- 14 diamond drill holes completed totalling 3,299 metres, with 13 holes intersecting targeted structures, assays pending on seven holes and a further two holes to be completed at Munzig before year end;
- Successful drill permitting, land access and ramp-up of the drilling programme, advancing Excellon’s social license in the area and demonstrating the opportunity to operate in the area;
- Passive seismic surveying planned for coming weeks in collaboration with Sisprobe, with 2D surveying planned for the Munzig area.
“We have intersected high-grade silver mineralisation in the first holes drilled on the Silver City Project in modern times,” said Ben Pullinger, SVP Geology & Corporate Development.
“We have tested seven targets and have intersected mineralisation in almost every hole including multiple high-grade silver species and fine-grained native silver.
“We have a high-grade, district-scale epithermal silver system confirmed in initial drilling and we are now focused on defining wider zones of mineralisation.”
“As importantly, we have advanced our privilege to operate in the area and have developed strong local relationships from landholders to regulators that will be integral to our long-term exploration plans for the project.”