Record quarters super charge work on Excellon Resources' project pipeline
Excellon Resources (TSE:EXN) is a precious metals company advancing projects in the U.S. and Germany--all under-girded by a cash-generating mine in Mexico.
In January the company announced silver-equivalent Q4 production of 556,332 AgEq oz, an increase of 18% compared to the same quarter a year prior. Since production commenced in 2005, the company's Platosa Mine is Mexico’s highest-grade silver mine.
"We really rebounded well in Q3 after the suspension in Q2," said Brendan Cahill, president and CEO of Excellon. Cahill spoke to Kitco in mid-February.
Cahill called Q2 and Q3 two of the company's two best quarters.
"It's a great credit to the team on the ground."
Cahill is also delighted with the exploration work at Platosa. Drilling is underway to define and discover new mineralization in an area of the Platosa deposit that was never effectively drilled from surface – the Gap Zone – with 300 metres of potential mineralized strike to be explored. Results are positive. Excellon drilled 1,170 g/t silver equivalent over 4.2 metres.
The company is advancing two other precious metals growth pipeline that includes Kilgore, a high quality gold development 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.
Excellon is ticker EXN on both the Toronto and New York Stock Exchanges.