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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition, exploration, and advancement of mineral properties. The Company is advancing a portfolio of silver, base metals and precious metals assets The Company’s project portfolio includes Kilgore, Silver City and Evolucion. The Company’s Kilgore project is an advanced gold exploration project in Idaho. The Kilgore gold project is located in Clark County, Southeastern Idaho. The Kilgore gold project comprises 614 lode mining claims and consists of approximately 6,788 hectares (ha). The Silver City is a high-grade epithermal silver district in Saxony, Germany. The Evolucion property covers 31.28 square kilometers (31,280 ha) and 17 km of strike along the Fresnillo trend, a silver district.


TSX:EXN - Post by User

Bullboard Posts
Post by Dave4444on Jun 22, 2006 10:53am
590 Views
Post# 11020904

OVER 100,000 additional tons of

OVER 100,000 additional tons ofore from today's release. Each deposit increased by about 5000 sq. meters and one is 2.16 meters thick and the other 3.4 meters thick. Thus 5,000 times 5.56 meters is 27,800 cubic meters. Given the specific gravity of this type of lead/zinc ore is about 3.8 that gives 27,800 times 3.8 resulting in 105,640 tons of ore. AT US$750 per ton that is $80,000,000 of ore. Given the high grade nature of the ore, a lot of the value will be turned into profit. This stock just keeps getting cheaper and cheaper.
Bullboard Posts