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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 5:09pm
88 Views
Post# 31171295

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ExpectationsThey do not have to negotiate a private placement at 65 cents and here is why.
 
Over the years Exn wasted investors money fortunes and found nothing in Platosa ever since they acquired Platosa property from Apex Silver Mines in 1990s (speaking of time immemorial).  For many years the property was prospected by a team lead by Richard Brissenden and then Peter Crossgrove took over Exn (that is when I first came in).  then in early 2013 the reign of Cahhil became.  Exn also bought the  Migel Auza mine from Silver Eagle mines in 2009.

So after countless PPs over the years purportedly to develop what was coined the richest silver grade ore property in Mexico, consequitive Exn managements (and that includes the CEOs and the geologists) came with NOTHING. 

So after 20 plus wasted years, Exn can enter into the next PP "deal".  Admitedly, there is a now a new management although still with old faces as the fart Andre Fortier.  May be for the first time Exn management can pause and starts thinking whether the next PP is in the investors best interest and why.



 



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