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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

Post by silverforeveron Jun 28, 2021 10:43am
279 Views
Post# 33459464

Kilgore

Kilgore

It looks to me Excellon has received approval from US Forest Service to start its activities/drilling in Kilgore on 15 July based on new report link below. I think when this and/or a new discovery in Excellon's other properties happens, it will be the catalyst for Excellon's stock price next big move up. At these low stock prices, the rise in Excellon'st stock price should be huge and may be its biggest move up ever.

 

https://www.fs.usda.gov/nfs/11558/www/nepa/114557_FSPLT3_5638538.pdf

 

"The Proposed Action is FS authorization of the Kilgore Gold Exploration project as described in the plan of operations submitted by Excellon on July 22, 2020 with the inclusion of additional design features to minimize potential impacts to surface resources. The design features are fully described in Appendix A of this document. Mineral exploration is proposed to occur within Excellon’s unpatented mining claims located on NFS lands. Drilling would occur in the Mine Ridge, Gold Ridge, Prospect Ridge, and Dog Bone Ridge target areas as identified by Excellon (Figure 1). All drilling stations would be located within new and previously authorized (i.e., existing) roads and within existing motorized FS Trail 005 (Figure 2). (Throughout the remainder of this document, Trail 005 is included in the term “road” unless specific information regarding this trail is being described.) Drilling would be conducted in a phased approach, and it is anticipated that the drilling program will last between 3 and 5 years. Project activities would commence annually on July 15."   
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