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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 keeper6on Aug 10, 2010 1:43pm
566 Views
Post# 17337989

Confused

Confused
This latest NR is the best I've seen in a long time.  Yeah they extended the manto and thats great but we've had those types of releases before.  BUT  the below smells like a CRD to me... Silver, Gold, Copper.  Closest evidence I've seen to date, outside of the standard "forward looking statements" that they are truely near a CRD.

Elsewhere at Platosa, interesting mineralization was intersected in hole LP763, drilled in the Rincon del Caido area 1.2 km northwest of the northwest corner of the Guadalupe manto. Anomalous gold, silver, copper, bismuth and antimony were intersected over 3.3 m in a much wider marble unit. Portions of the unit were skarnified and a felsic intrusive was intersected deep in the hole. This combination suggests proximity to a large skarn/intrusive system and is another indication that the company may be near a large-tonnage proximal source of the high-grade manto sulphides. Additional drilling is planned for this area.

Maybe they need to hit 50M before this stock will do anything.  Anyway it looks to me like we are getting much closer.  I'll keep the faith for a little longer!

Cheers,

Keeper
Bullboard Posts