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Excellon Resources Inc.
Summary
| Project: | Platosa Mine | |
|---|---|---|
| Deposit: | Platosa Mine | |
| Location: | Mexico | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 10/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-10-2016: Excellon Resources Inc. announces an Exploration/Drilling Update report for its Platosa Mine deposit at the Platosa Mine project. Drilling results incl. 13m @ 0.57g/t Au, 662g/t Ag, 4.92% Pb, 25.53% Zn from 23.00m. The Company commenced a 25,0 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Verreault, Ben Pullinger (Hydro-Ressources Inc.;Internal) | |
| ABSTRACT: | The Company commenced a 25,000-metre diamond drilling exploration program during Q3 2016. This program encompasses drilling from surface and from underground and is currently focused on defining additional shallow mineralization located near existing infrastructure in mineable areas. To date, 2,090 metres have been completed accounting for 13 holes from surface and underground, as well as an additional 2,353 metres of drilling in underground drilling related to the dewatering program, which include probe and targeting holes for dewatering wells. Drilling from underground has yielded encouraging results with intersections bearing significant silver and zinc grades. UG16UG274 and PH-16-13, in particular, intersected high-grade mineralization extending the 623 Manto approximately 25 metres to the west. These holes were drilled along the upper extent of the manto and intersected mineralization offset by a fault in the area. Additional, underground drilling in PH16-19A, PH15-03 and PH15-04 intersected high grade mineralization near existing mine infrastructure, which will be followed up on to better define the continuity of mineralization intersected. EX16LP1100 and 1101 intersected disseminated mineralization in an upper part of the Platosa Mine adjacent to the previously mined, high-grade 4A Manto. The disseminated mineralization encountered adjacent to manto mineralization may be an indicator of additional manto mineralization nearby. Follow-up work is planned for this area in the ongoing drill program. Drilling for Q4 2016 will continue to focus on expanding the current footprint of manto mineralization at Platosa, with a second rig planned for surface drilling in the coming months. This rig will look to further define high-grade mantos at Platosa and structural targets in the NE-1 and 6A areas, both of which exhibit potential for vertical feeder zones. These targets are currently being evaluated and planned as part of a larger data compilation and integration effort with particular focus on mineral and metal zonation and structural indicators of feeder zones. | |
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