Excellon Resources is pleased to provide an update on the Oakley Project, on which the Company has granted Centerra Inc. an option to earn up a 70% by, among other things, spending up to US$7 million in exploration expenditures on the project prior to May 2026. Highlights Increased land holdings by approximately 2,500 acres to approximately 7,000 acres through staking of an additional 125 Federal Lode Mining claims on [...]
Excellon Resources and is pleased to announce the closing of the previously announced private placement of secured convertible debentures for total proceeds of C$17,910,000. The proceeds will be used for repayment of the US$6 million bridge loan with Sprott Private Resource Lending II, LP entered into in connection with the acquisition of Otis Gold Corp., exploration on the Silver City, Platosa and Kilgore projects and [...]
Excellon Resources Inc. and is pleased to announce that due to significant demand from existing investors, it has increased to C$15,000,000 the previously announced private placement of secured convertible debentures . The proceeds will be used for repayment of the US$6 million bridge loan with Sprott Private Resource Lending II, LP entered into in connection with the acquisition of Otis Gold Corp., exploration on the [...]
Excellon Resources and is pleased to announce that an initial 15-hole diamond drilling program has commenced on the 164 km2 Silver City Project in Saxony, Germany. "We are targeting significant widths of high-grade silver in an epithermal silver district that was mined for over 750 years, but has never seen modern day exploration for precious metals," stated Ben Pullinger, SVP Geology. "Our initial program utilizes a [...]
Excellon Resources Inc. and is pleased to announce that it has signed a binding term sheet for a fully subscribed financing of C$8,000,000 through the private placement of secured convertible debentures of the Company. The proceeds will be used to repay the US$6 million bridge loan with Sprott Private Resource Lending II, LP entered into in connection with the acquisition of Otis Gold Corp. References to principal amounts [...]
Excellon Resources and is pleased to announce that the drilling operation plan for the Silver City Project in Saxony, Germany has been approved by the Mining Authority of Saxony. Highlights Approval received for initial drill program of 15 holes totaling 2,500 metres – drilling is expected to commence before the end of June Additional 12 holes permitted for immediate follow up should drilling intersect anticipated veining [...]
Excellon Resources Inc. is pleased to announce an agreement with the Helmholtz Institute Freiberg for Resource Technology for research and development on the 164 km2 Silver City Project in Saxony, Germany. Excellon will provide HIF with data and drill core samples from the Silver City Project through which HIF can test developing, cutting-edge exploration technologies in real time, including hyperspectral analysis of [...]
Excellon Resources is pleased to report financial results for the three-month period ended March 31, 2020. Q1 2020 Financial and Operational Highlights Revenues of $6.6 million Production of 523,742 silver equivalent ounces AgEq ounces payable sold of 434,190 Gross loss of $0.1 million Total cash cost net of byproducts per Ag oz payable of $15.35 All-in sustaining cost net of byproducts per Ag oz payable of $26.52 Net [...]
Excellon Resources Inc. is pleased to announce that the Mexican Government has officially declared mining an essential business in the Federal Registry and companies can commence the restart of operations beginning on June 1st provided that they meet established COVID-19 guidelines. At this time, the Company's Platosa and Miguel Auza operations in Mexico are preparing for a safe restart in the immediate term. "We are [...]
Excellon Resources announces the Company will postpone the filing of its interim financial statements and management's discussion and analysis for the three-month period ended March 31, 2020. The Company intends to rely on the blanket relief granted by Ontario Instrument 51-502 – Temporary Exemption from Certain Corporate Finance Requirements and comparable relief granted by other Canadian Securities Administrators in [...]
Excellon Resources Inc. reports that the United States Federal District Court for the District of Idaho has issued a decision amending its December 2019 judgment in respect of the United States Forest Service Environmental Assessment and Decision Notice/Finding of No Significant Impact for the Kilgore Project in Clark County, Idaho. The EA analyzed a proposed diamond drilling plan of operations at the Kilgore Project to [...]
Excellon Resources Inc. is pleased to announce first quarter 2020 production results from the Platosa Mine in Durango, Mexico. Q1 2020 Production Silver equivalent production of 523,742 oz Silver production increased 14% to 296,281 oz Lead production increased 37% to 1.9 million lb Zinc production decreased 4% to 2.1 million lb "We had a strong start to the year with production improving from previous quarters," stated [...]
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