Excellon Drills 1,293 g/t Silver Equivalent Over 6.5m At Platosa

Drilling Continues To Outline And Expand Mineralisation

Excellon Resources Inc. (TSX:EXN) has intersected “bonanza” grades of silver equivalent from its underground expansion and exploration drilling campaign at the Platosa Mine in Durango, Mexico.

Highlights from underground drilling includes:

• 1,293 g/t silver equivalent (AgEq) over 6.5m (618 g/t Ag, 10.1% Pb and 12.0% Zn) in hole EX21UG565;
• 1,571 g/t AgEq over 4.6m (688 g/t Ag, 14.5% Pb and 14.9% Zn) in EX21UG564; and
• 1,031 g/t AgEq over 4.6m (359 g/t Ag, 4.9% Pb and 15.9% Zn) in EX20UG522A, including 1,531 g/t AgEq over 1.3 metres (573 g/t Ag, 8.6% Pb and 21.5% Zn)

Ben Pullinger, Senior Vice President Geology & Corporate Development, said drilling continues to outline and expand mineralisation within and around the Platosa deposit with new opportunities identified in the historically-mined Guadalupe North Manto.

“Underground drilling at Platosa continues to delineate high-grade silver,” Mr Pullinger said.

“We are currently advancing development to support further drilling of the Gap Zone. As that development progresses, we are identifying areas of historical production where we see potential additional high-grade mineralisation, such as Guadalupe North.”

Drilling from underground continues to define and expand known mineralisation ahead of production at Guadalupe North, 623, NE-1, and NE-1S Mantos.

Most significantly, the Gap Zone, a zone of vertical mineralisation inadequately tested with vertical holes drilled from surface, provides an opportunity to add mineralisation along a target approximately 300m along strike with a vertical extent of 30-40m.

Mr Pullinger said this target is a priority for the 2021 programme and remains open to the south of the deposit, where drilling from surface at the 10-20 target has intersected mineralization beyond the current extent of the Platosa mineral footprint.

Development is underway to support underground drill stations for the next phase of drilling on the Gap Zone.