Billionaire Eric Sprott has just purchased a nearly 20% stake in one of the most exciting silver plays in the world – Excellon Resources! The company has the highest grade silver mine in all of Mexico and is poised to double silver production and expand the size of its silver discovery 10 – 15 fold! Listen to the audio to learn more! And call investor relations toll-free at (844)396-7770.
EXCELLON RESOURCES INC. is 100%-owned La Platosa Mine in Durango is Mexico’s highest grade silver mine, with lead and zinc by-products making it historically one of the lowest cash cost silver mines in the country. The Company has been in production for over a decade with nearly 600,000 tonnes mined from Platosa at grades of almost one kilo per tonne silver. Current resources extend to 2021, with silver equivalent resource grades of over 1,200 g/t. The Company is positioning itself to capitalize on undervalued projects by focusing on increasing La Platosa’s profitable silver production and near-term mineable resources.
COMPANY OVERVIEW:
Excellon’s 100%-owned La Platosa Mine in Durango is Mexico’s highest grade silver mine, with lead and zinc by-products making it historically one of the lowest cash cost silver mines in the country. The Company has been in production for over a decade with nearly 600,000 tonnes mined from Platosa at grades of almost one kilo per tonne silver. Current resources extend to 2021, with silver equivalent resource grades of over 1,200 g/t. The Company is positioning itself to capitalize on undervalued projects by focusing on increasing La Platosa’s profitable silver production and near-term mineable resources.
Simple strategy to double production and halve costs:
The company is currently implementing a simple strategy to turn around operations by executing a mine optimization plan that is expected to double production and halve costs by 2017.
Potential for a world-class large tonnage discovery:
With 21,000 hectares of exploration ground surrounding the mine, Excellon is conducting a fully financed comprehensive drill program focused on discovering near-term mineable resources and the large-tonnage Source of the high-grade silver currently being mined. This discovery has the potential to transform Platosa into the next major project in Mexico’s prolific CRD/silver belt. Based on similar style deposits, the Source of the Platosa mantos is likely to measure 10-15 million tonnes, or even in excess of 100 million tonnes with significant amounts of gold, along with silver, lead, zinc and copper – a hundred-fold increase over the one million tonnes of resource mined and defined at Platosa thus far. The Company has already made a discovery approximately 1km from the mine that may very well be the edge of that much larger deposit.
Backed by a strong board of Company builders and financiers:
The Company’s board of directors includes many well-known industry leaders including Ned Goodman. Eric Sprott owns nearly 20% of the Company. Stock symbol in Canada is EXN and in the United States it is EXLLF.
EXCELLON RESOURCES INC.
20 Victoria Street, Suite 900
Toronto, ON M5C 2N8
p. (416)364-1130
Investor Relations
Nisha Hasan
Director, Investor Relations
info@excellonresources.com
(416)364-1130 ext. 240
(844)396-7770
