Excellon Adds Additional 31,000 Hectares ON Northern Fresnillo Silver Trend
www.excellonresources.com
EXCELLON ADDS ADDITIONAL 31,000 HECTARES ON
NORTHERN FRESNILLO SILVER TREND
Toronto, Ontario – October 30, 2018 – Excellon Resources Inc. (TSX:EXN and EXN.WT.A; OTC:EXLLF)
("Excellon" or the “Company") is pleased to announce a significant increase in the Company’s land
position around the Miguel Auza property in Zacatecas, Mexico.
Highlights
Title received on 31,000 hectare Evolución mineral concession immediately southeast and along
trend of Hecla Mining Company’s San Sebastian Mine, consolidating over 45,000 hectare (450 km2)
exploration package with existing Miguel Auza concessions and covering over 35 kilometres of strike
in one of the world’s premier silver districts (collectively now called Evolución)
Evolución has seen negligible previous exploration
Hyperspectral imagery and regional compilation work confirm that major structures and alteration
associated with Fresnillo silver trend continue through the property
Regional geological mapping and geochemical surveys are underway
Drilling continues to the south of the property and has already confirmed pervasive epithermal
mineralization on multiple targets
“We’re excited to start working on the Evolución concession, which is the product of extensive
preparation over the past year,” stated Ben Pullinger, SVP Geology. “Looking under cover for blind
deposits is the evolution of exploration in Mexico, with Hecla’s San Sebastian deposit illustrating this
potential just north of us. We will shortly commence a regional mapping and geochemical program to
develop exploration zones and drill targets.”
About Evolución
The consolidated Evolución land package is located on the northeast trend of the Fresnillo silver belt,
southeast of Hecla’s San Sebastián deposit. The property straddles the crustal‐scale break between the
Central Terrane and the basement units in this area. This break is prospective for mineral exploration along
the trend.
As announced in a press release dated October 2, 2018, initial drilling to the south at Miguel Auza has
already confirmed potential in the area, with broad mineralized intersections of anomalous gold, silver
and base metal concentrations including discrete higher‐grade zones of carbonate veining, bladed calcite
and silica with associated galena, sphalerite and pyrite. This mineralization is typical of the Fresnillo silver
trend. Drilling is ongoing on multiple targets that remain open along strike and at depth.
The Company’s Miguel Auza mineral processing facility, which processes ore from the Platosa Mine, is
located south of the newly acquired concessions on the original Miguel Auza concessions (now part of
Evolución). The mineral processing facility currently has capacity of 800 tonnes per day (“tpd”), with
opportunities available for further expansion, to process increased Platosa Mine production and potential
new discoveries at either Platosa or the consolidated Evolución concession. As previously announced, a
bulk sample from the San Sebastián Mine will be processed later this year in preparation for a toll milling
arrangement with Hecla Mining Company on San Sebastián sulfide ore.
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About Excellon
Excellon’s 100%‐owned Platosa Mine in Durango has been Mexico’s highest‐grade silver mine since
production commenced in 2005. The Company is focused on optimizing the Platosa Mine’s cost and
production profile, discovering further high‐grade silver and carbonate replacement deposit (CRD)
mineralization on the 21,000 hectare Platosa Project and epithermal silver mineralization on the 100%‐
owned 45,000 hectare Evolución Property and capitalizing on the opportunity in current market conditions
to acquire undervalued projects in the Americas.
Additional details on the La Platosa Mine and the rest of Excellon’s exploration properties are available at
www.excellonresources.com.
For Further Information, Please Contact:
Excellon Resources Inc.
Brendan Cahill, President & CEO or
Ben Pullinger, SVP Geology
(416) 364‐1130
www.excellonresources.com
Forward‐Looking Statements
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release,
which has been prepared by management. This press release contains forward‐looking statements within the meaning of Section 27A of the
Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of
operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of
proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production
rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the
Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward‐looking
statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. The Company cautions investors that any forward‐looking statements by the Company are not
guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of
various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant
downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or
authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise
the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral
properties, and particularly the September 7, 2018 NI 43‐101 technical report prepared by SRK Consulting (Canada) Inc. with respect to the Platosa
Property. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
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Figure 1: Evolución land package