RE:The Next Silver Crest ???
Excellon adds second drill rig to Silver City
2021-07-28 10:12 ET - News Release
Mr. Ben Pullinger reports
EXCELLON ADDS SECOND RIG AT SILVER CITY
Excellon Resources Inc. has provided an update on the continuing drilling program at the Silver City project in Saxony, Germany.
Highlights
- Drilling commenced smoothly at the first of four priority targets of the 12,000-metre diamond drilling program planned for 2021;
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- Second drill rig added to the program, with drilling now under way at the Peter Vein (Neue Hoffnung Gottes) and Braunsdorf (Christbescherung) targets;
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- Drilling at Reichenbach and Grauer Wolf scheduled to commence in August.
"We have had another smooth start-up of drilling at Silver City this year," stated Ben Pullinger, senior vice-president, geology and corporate development. "We continue to appreciate the support of the local community and benefit from the excellent work of the TU Bergakademie Freiberg and the Helmholtz Institute of Freiberg. This year's program builds on discoveries made last year in the first modern-day drilling for precious metals on the Braunsdorf licence. Our current drilling focuses on the historically productive gneiss-schist contact running through the Braunsdorf and Peter Vein mines.
In the coming weeks we will move up to the mafic-schist contact intersected last year at Reichenbach and Grauer Wolf, both of which yielded some of the most interesting results from drilling to date."
Preparatory work for this year's program included reprocessing and interpretation of historical airborne data, interpretation of geochemical data from 2020 drilling and continued compilation of historical data. Interpretation of high-resolution SWIR-LWIR hyperspectral acquired from 2020 drill core is supported by continuing multidisciplinary research studies at the TU Bergakademie Freiberg and the Helmholtz Institute of Freiberg. The upcoming Grauer Wolf and Reichenbach targets are located along the newly drilled mafic volcanic and schist contact, with the geology and alteration intersected to date indicative of a compelling high-grade silver system.
The Silver City project was mined for high-grade silver from the 11th until the late 19th century, when Germany left the silver standard in 1873 and the gold:silver ratio collapsed. Records from the project indicate high-grade silver production over substantial widths throughout the district. Excellon has embarked on the first modern-day exploration program focused on precious metals.
Excellon holds an option to acquire a 100-per-cent interest in the Silver City project from Globex Mining Enterprises Inc.
Samples from the drill campaign are being shipped for analysis to an ALS Global laboratory in Galway, Ireland, an ISO/IEC17025:2017 accredited facility. This facility was selected to accelerate and better manage sample-processing times in the context of the COVID-19 logistical challenges and strong demand for drill assaying globally.