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The owner of Mexico's highest-grade silver mine adds to pipeline

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SPONSOR POST -  Excellon Resources (TSX: EXN, EXN.WT, NYSE: EXN, FRA: E4X2) is a precious metal growth company with operations and projects in the U.S.A., Mexico and Germany.

The company's Platosa Mine is Mexico's highest-grade silver mine with a resource at 1,000 g/t AgEq. Over 800,000 tonnes have been mined since production commenced in 2005. In Q3 of 2020, revenue from the mine increased 46% to $9.7 million. New electricity contract and further ongoing optimizations promise further improvements in the operation's production and cost profile.

In Idaho, the company's Kilgore was acquired for less than US$20/ounce, adding US$300M NPV at US$1,800 Au and significant growth upside. The 12,000 acre property has a mineral resources of 825,000 oz @ 0.58 g/t Au indicated and 136,000 oz @ 0.45 g/t Au inferred. The current PEA supports potential production of +100k oz per year. The exploration thesis is to demonstrate 3-5M oz Au opportunity.

Lastly, the company's Silver City in Saxony, Germany, has had over 750 years of historical production yet no modern exploration. High-grade historical veins are up to 10 m wide and up to 3,700 g/t Ag. Drill tests show multiple historical high-grade targets with assays pending.

The company has also grown investment interest with a recent listing on the NYSE, a long-term play that will expose the company to more investors, creating a company with the most leverage to metal prices.

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