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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 penguinwinson Apr 19, 2013 3:24pm
262 Views
Post# 21292447

surface rights

surface rights

The reason I think people are selling is because of the prodesc getting their surface rights back.

https://www.elsiglodedurango.com.mx/noticia/435579.tribunal-falla-en-favor-de-ejido-en-mapimi.html

Copy and paste link in translator and you will see what I mean. Court case was yesterday.

I actullay think it is a good thing because the company does not need them as you can see below.

Cheers

 

 

Excellon's Property Rights at La Platosa

Excellon owns a total of approximately 41,000 hectares of mineral and mining rights at La Platosa, including the mineral rights underlying all of the Ejido's surface rights, and will continue to hold these mineral rights for the foreseeable future.  These mineral rights entitle the Company to explore for and mine minerals at the La Platosa Mine and in an extensive surrounding area. 

Of these 41,000 hectares of mineral and mining rights, Excellon owns all associated surface rights needed to produce silver from the La Platosa Mine and conduct further underground exploration.  Additionally, the Company owns approximately 750 hectares of surface rights, including those immediately beside the promising Rincon del Caido target, from which further drilling on that target may be conducted, if necessary.  Apart from the 1,100 hectares leased from the Ejido, the Company also leases a further 995 hectares of exploration ground in the northern area of the La Platosa property, and may otherwise obtain permission from local landowners as necessary for further exploration purposes.

 
Bullboard Posts