Excellon goes strong at legendary Silver City in Germany
(Kitco News) - Excellon Resources (TSX:EXN, EXN.WT; NYSE:EXN; FRA:E4X2) announced Monday the expansion of the Silver City project in Saxony, Germany, - a high-grade epithermal silver district with 750 years of mining history and no modern exploration.
According to the company’s statement, Silver City project more than doubled to 34,150 hectares with the addition of the Frauenstein Mohorn and Oederan exploration licenses.
Historical records document centuries of high-grade silver production to shallow depths, with recent confirmation samples assaying multi-kilo silver and significant gold.
The company said that Excellon continues to be a first mover on silver exploration in Saxony, with an unparalleled ground position covering historical high-grade silver mines on an epithermal silver belt that has never seen modern exploration for precious metals.
The Silver City District was mined for high-grade silver from the 11th until the late 19th century, when Germany left the silver standard in 1873 and the gold:silver ratio collapsed. Records from the project indicate high-grade silver production over substantial widths throughout the district.
Excellon has embarked on the first modern day exploration program focused on precious metals, with high-grade silver intersections from the initial holes of the first program on the Bräunsdorf license, including 1,043 g/t silver equivalent over 1.3 metres (954 g/t Ag, 0.1 g/t Au, 0.7% Pb and 2.0% Zn) at Grauer Wolf.
Excellon 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.