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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 an epithermal gold deposit which covers over 6,788 hectares, located in Clark County, Southeastern Idaho. The Silver City Project, a high-grade epithermal silver district in Saxony, Germany totaling over 340 square kilometers (km2). The Company also has an agreement to acquire the past-producing Mallay Silver Mine and Tres Cerros Exploration Project in Peru.


TSX:EXN - Post by User

Post by Smelvinon Sep 07, 2023 8:06am
234 Views
Post# 35623547

When I first posted about Excellon…

When I first posted about Excellon…

I had mentioned that the debentures were seemingly tied to the assets in Mexico.....

given the lack of news regarding the debenture restructuring, and the earlier statements that the debenture holders may actually help finance the company, and the subsequent sale of Oakley, it now definitely seems as if the aforementioned will be the reality.

although I don't know anything, and it's just my opinion, I think the debentures and assets in Mexico are tied together, and Excellon is planning and has planned a future centered on 1,000,000 ounces of gold at Kilgore, and a successful spin off of silver city, which should be a nice reward for current shareholders, if all goes well.


 

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