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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

Comment by Thales42on Feb 01, 2021 5:39pm
179 Views
Post# 32440663

RE:RE:Excellon Resources Intersects 1,170 G/T Silver Equivalent Ov

RE:RE:Excellon Resources Intersects 1,170 G/T Silver Equivalent OvJcw604, LOL, if Exn starts reporting such high grade results in hundreds of meters, then we are really back in business and we all will be millionaires.

First, consider the cost of drilling.  Nowadays if you own your own drills and have the qualified company drillers the cost is roughly around $200 Cad per a meter of drilling; if you hire outside contractors the the cost doubles to $400. 


What you see in the press release are the selected, good hits only, but not the lenght of the drill hole.  One way to guestimate how many meters of drilling is if we know how much money Exn spent on driling at Platosa and over what period of time.

  



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