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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition of advanced development or producing assets. The Company is advancing a portfolio of gold, silver and base metals assets including Kilgore, an advanced gold exploration project in Idaho, and Silver City, a high-grade epithermal silver district in Saxony, Germany. The Kilgore project is a caldera-related epithermal gold deposit which covers over 6,788 hectares, located in Clark County, Southeastern Idaho. The Silver City Project is comprised of four mineral licenses totaling over 340 square kilometers (km2).


TSX:EXN - Post by User

Bullboard Posts
Comment by gildageon Nov 02, 2010 1:41pm
481 Views
Post# 17645961

RE: RE: Your REPLY -> NEWS RELEASE

RE: RE: Your REPLY -> NEWS RELEASEThis is pretty much exactly what Morgan indicated to me over the phone over a month ago, (if U read my post back then)...they expect to be at reduced production until December or so...

Regarding drilling...They probably are saving a bit of money while at the same time waiting for the more accurate drilling targets they can achieve from the magnetic imaging that they've been doing. They've taken the option on the property next door as a result of the magnetic data showing stuff there that's the same as the mantos on the Platosa property!

This is very good news! 60% of the neighbor for only 1.5 million over 3 years is pretty cheap imho...esp if it contains the same massive high-grade  mantos that we've been working here for 4 years!

lotus petals,
gildage
Bullboard Posts