Excellon Resources Inc. T.EXN

Re:New article mentioning Excellon

[Marine2]

silverforever

Interesting artical, Thanks for posting !

Interesting times for Gold a Silver,,  Breaden may redeem himself having acquiring Otis Gold when they did, timing is everything !

Idaho Gold Mines: 2020 Exploration And Development Prospects

Jul. 24, 2020 4:49 AM ET

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 Includes: BMTLF, EXLLF, GLDRF, IRRZD, LGDTF, MDRPF, THMG

Brent Hecht

 

 

Summary

Idaho is a lesser known state for gold production, although there are some significant exploration and development projects in the state.

This article identifies six public companies with gold projects in the state of Idaho.

Several of these gold projects present attractive rates of return from where the company currently trades and the project's net present value at today's gold prices.

The Idaho gold mining industry is just down the road from Nevada, which happens to be the number one gold-producing state in the United States. Part of Idaho lies in the Great Basin, which is the same geological structure where the largest Nevada gold discoveries have been found.

Some people would say Idaho today is where Nevada was 30 years ago when it comes to gold mining. Idaho, at the moment, seems to be a very business-friendly place for the mining industry. That is demonstrated by the number of exciting exploration and development projects being advanced in the state.

There are currently six (seven if you count Hecla Mining's (NYSE:HL) silver mine) public companies that either operate gold mines in Idaho or are in the development phase. If I am missing any from the list, please let me know in the comments so I can include them next year.

1. Excellon Resources (OTCPK:EXLLF)
2. Idaho Champion (OTCPK:GLDRF)
3. Liberty Gold (OTCPK:LGDTF)
4. Midas Gold (OTCQX:MDRPF)
5. BeMetals (OTCQB:BMTLF)
6. Integra Resources (OTCQX:IRRZD)

Source: Created by the Author

Excellon Resources

Excellon Resources is a small gold and silver mining company with one silver mining operation in Mexico. They currently have a market cap of $113 million. In Idaho, they currently have one development phase project and one exploration phase project.

 

1. Kilgore Project - The Kilgore Project is located in Clark County, Idaho. The company describes the project as "a high-quality gold development in Idaho with strong economics and significant growth and discovery potential." In Excellon's presentation for June 2020, they believe the Kilgore project could be the next Round Mountain, which is a nice producing mine in Nevada, owned by Kinross Gold (KGC). To put it in perspective, the projected NPV of the Kilgore project is much larger than the current market cap of the company, which may present an opportunity.
2. Oakley Project - The Oakley Project is in the exploration phase and is located near Oakley, Idaho.

Source: Excellon Resources

Source: Excellon Resources