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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
Comment by Thales42on Jun 19, 2020 8:19am
104 Views
Post# 31168300

RE:RE:RE:RE:RE:RE:Expectations

RE:RE:RE:RE:RE:RE:ExpectationsGreat insight, Oliver!

It gives me much more confidence than reading the PEA. Frankly after reviewing the PEA I was struck by the fact that the Kilgore tenament has been explored since 1983 by 7 companies that poored tens of million of dollars just to find 500 - 600,000 oz of low grade au in the indicated category and another 300,000 oz in the inferred (ZERO ozs in the measured). 

So I am with you that the next two years Exn needs to find ways to finance a major drilling in Kilgore. Assuming positive drilling in Silver City Mine, we could see several rounds of equity financing this and next year.  A word of caution, over the years Platosa saw its fair share of exploration backed up by equity financing.  Well stil waiting for the next Platosas after all these years.  Let's hope Kilgore and Silver City are different with less pumping and more deliveries.   




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