Excellon Resources Inc. (TSX:EXN) has commenced drilling at the first of four priority targets in a 12,000m diamond drilling programme planned for 2021at the Silver City Project in Saxony, Germany.
A second drill rig added to the programne, with drilling now underway at the Peter Vein (Neue Hoffnung Gottes) and Bräunsdorf (Christbescherung) targets, while drilling at Reichenbach and Grauer Wolf is scheduled to commence in August.
“We have had another smooth startup of drilling at Silver City this year,” said Ben Pullinger, SVP Geology & 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 programme builds on discoveries made last year in the first modern-day drilling for precious metals on the Bräunsdorf license.
“Our current drilling focusses on the historically productive gneiss-schist contact running through the Bräunsdorf 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 programme 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 ongoing 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% interest in the Silver City Project from Globex Mining Enterprises Inc.
For further information please visit: http://www.excellonresources.com/
