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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 Alchemist7on Sep 26, 2012 10:21pm
212 Views
Post# 20418529

RE: RE: outside viewpoint

RE: RE: outside viewpoint

In reading and re-reading both news releases ( one in the spanish and the current one from the company)  I noticed that in the Spanish release earlier by the Ejido and their buddies, they threatened  recission (termination) of the land agreements.  Then comes todays release by our company and they say they  " ... have filed legal action for damages and rescission (ie termination) of the surface rights agreement with the Ejido .."  .  

Now, I wonder if Excellon has gathered enough geological data whereby they DON'T NEED THE SURFACE RIGHTS ??  Possibly the deposit is now (from the knowledge of past drilling and exploration) so big that they can mine underground for a long, long time??  It appears to be very bold moves by Excellon at this juncture.

Any thoughts?

As Always, Best of Luck

Alchemist7

Bullboard Posts