High-Grade Hits Continue In Germany
Excellon Resources Inc. (TSX:EXN) has drilled a new discovery at Grauer Wolf at the Silver City Project in Saxony, Germany.
The high-grade silver discovery at Grauer Wolf is the fourth target drilled at Silver City.
Results included 1,043 g/t silver equivalent (AgEq) over 1.3m (954 g/t Ag, 0.1 g/t Au, 0.7% Pb and 2.0% Zn), within 194 g/t AgEq over 8.1m (173 g/t Ag, 0.1 g/t, Au, 0.4% Pb and 0.3% Zn); and 331 g/t AgEq over 1.2m (325 g/t Ag, 0.1 g/t Au, 0.03% Pb and 0.03% Zn) intersected in the hanging wall;
Ben Pullinger, SVP Geology and Corporate Development said high-grade silver mineralisation intersected on 12 km of strike within 36 km strike potential that remains to be tested.
“This high-grade silver discovery at Grauer Wolf adds a fourth priority area for follow-up in our 2021 drilling programme at Silver City,” Mr Pullinger said.
“Importantly, the discovery is on a geological contact that saw little historical mining, opening up a parallel strike for additional potential discoveries.
“Drilling to date has confirmed high-grade silver mineralisation over 12 kilometres of strike within 36 kilometres of strike potential on the project, demonstrating the impressive scale of this epithermal silver system.
“We are currently permitting the 2021 drilling programme, with more extensive drilling planned for Bräunsdorf, Reichenbach, Peter Vein and now Grauer Wolf, while we also test additional fresh targets on this district-scale exploration project.”
The Grauer Wolf target is on the lesser known and relatively unexploited mafic volcanic contact, approximately 1.5 kilometres north of the Reichenbach target, where drilling also intersected significant mineralisation on the contact.
Management said this discovery further highlights the exploration potential along this second trend. Drilling at Grauer Wolf intersected a wide and brittle structural package with intense alteration and veining. High-grade silver and ancillary gold are hosted in epithermal veins with lower-grade material permeating the host units.