Excellon Drills 154 Metres of 101 G/T Ageq at Evolución Further Demonstrating Regional Potential
www.excellonresources.com
EXCELLON DRILLS 154 METRES OF 101 G/T AGEQ AT EVOLUCIÓN
FURTHER DEMONSTRATING REGIONAL POTENTIAL
Toronto, Ontario – March 14, 2019 – Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or
the “Company") is pleased to report further exploration results from the Evolución Property in the
state of Zacatecas, Mexico. This program is the first drilling in the area since 2010 and follows an
extensive, year-long prospecting and mapping program which has identified several priority targets.
Highlights
• Broad intersections of continuous silver, lead and zinc mineralization with anomalous gold
intersected on the Lechuzas vein, with an open strike of 600 metres and open below 500
metres with high grade zones, including:
• 101 g/t silver equivalent (“AgEq”) (22 g/t Ag, 0.4% Pb, 1.0% Zn and 0.1 g/t Au) over 154 metres
in EX18MAZ-251, including 532 g/t AgEq (188 g/t Ag, 4.4% Pb, 2.9% Zn and 0.1 g/t Au) over
2.4 metres and 238 g/t AgEq (48 g/t Ag, 0.7% Pb, 2.8% Zn and 0.1 g/t Au) over 17.7 metres;
• 70 g/t AgEq (14 g/t Ag, 0.3% Pb, 0.7% Zn and 0.1 g/t Au) over 219 metres in EX18MAZ-253,
including 274 g/t AgEq (70 g/t Ag, 1.3% Pb, 2.2% Zn and 0.4 g/t Au) over 12.6 metres;
• 663 g/t AgEq (175 g/t Ag, 4.3% Pb, 5.4% Zn and 0.4 g/t Au) over 3.4 metres in EX18MAZ-257;
and
• 259 g/t AgEq (64 g/t Ag, 1.4% Pb, 2.2% Zn and 0.3 g/t Au) over 24.9 metres in EX18MAZ-258.
“We are still in the early days of exploring at Evolución, but the grades, widths and consistency of
mineralization that we have intersected along strike and down dip are very encouraging,” stated Ben
Pullinger, Senior Vice President Geology. “This drilling has loosely defined a large disseminated
mineralized zone and we are working to use this data to vector in on higher grades in future drilling.
We continue to view these results as evidence of a large mineralized system especially considering the
amount of metal represented in these intersections and the numerous additional veins to be tested
regionally.”
Highlighted Results – Lechuzas Vein
Hole ID
Dip Azi Interval Interval Ag Pb Zn Au AgEq(2)
(o) (o) From To (m)(1) g/t % % g/t g/t
EX18MAZ-245 -66 314 233.27 236 2.7 29 0.5 0.4 0.3 70
and 355.4 360.4 5.0 20 0.3 0.6 0.0 62
EX18MAZ-246 -50 314 410.9 436.1 25.2 9 0.2 0.4 0.1 35
including 410.9 418.5 7.6 20 0.5 0.7 0.1 75
and 424.7 436.1 11.4 6 0.1 0.3 0.1 27
EX18MAZ-251 -74 314 164.4 318.3 153.9 22 0.4 1 0.1 101
including 179.1 181.5 2.4 188 4.4 2.9 0.1 532
and 210 316.8 106.8 23 0.4 1.3 0.1 118
including 228.5 246.3 17.7 48 0.7 2.8 0.2 238
- 2 -
Hole ID
Dip Azi Interval Interval Ag Pb Zn Au AgEq(2)
(o) (o) From To (m)(1) g/t % % g/t g/t
and 253.1 286.2 33.1 17 0.3 1.2 0.1 106
EX18MAZ-253 -78 314 174 393.1 219.1 14 0.3 0.7 0.1 70
including 186.8 199.4 12.6 70 1.3 2.2 0.4 274
and 229.3 254.3 25 30 1 1.4 0.1 147
EX18MAZ-254 -77 314 279 439.5 160.5 9 0.1 0.7 0.1 56
including 318.8 348.4 29.6 12 0.2 1.1 0 80
and 400.8 432.4 31.6 17 0.2 1.1 0.2 97
EX18MAZ-255 -68 314 410.4 556.5 162.1 5 0.1 0.5 0 37
EX18MAZ-256 -50 314 284.6 298.1 13.5 23 0.5 0.6 0 73
EX18MAZ-257 -60 314 132.4 135.8 3.4 175 4.3 5.4 0.4 663
EX18MAZ-258 -75 314 26.7 207.3 178.6 19 0.4 0.6 0.1 71
including 81.8 123.3 41.5 29 0.6 0.8 0.1 100
and 182.4 207.3 24.9 64 1.4 2.2 0.3 259
EX18MAZ-259 -80 314 223.8 370.2 122.7 13 0.3 0.5 0.1 58
including 224.8 316.8 84.4 18 0.4 0.6 0.1 74
including 252.9 308.8 55.9 21 0.5 0.8 0.1 88
including 273 298.7 25.7 30 0.8 1 0.1 122
(1) All intersections reported as core length.
(2) AgEq drill results assumes $1,250 Au, $16.00 Ag, $0.95 Pb and $1.24 Zn with 100% metallurgical recovery.
This program followed up on promising results encountered in earlier drilling on the Lechuzas structure
in EX18MAZ-236 and EX18MAZ-235 (see Lechuzas sections below). The program succeeded in tracing
mineralization along strike for 600 metres and to a depth of approximately 500 metres , where it
remains open along strike and down dip. Follow up drilling associated with this target will be focused
on delineating higher-grade vectors within the system. Mineralization at the Lechuzas target is hosted
within the Caracol formation, which is a host to the most significant deposits within the Fresnillo trend.
Precious and base metal mineralization occur within and associated with carbonate veining in
structures in the host formation. Pyrite, sphalerite and galena are the most commonly observed
minerals within the mineralized intervals. Drilling to the north west in EX18MAZ-258 and 259 also
encountered mineralization associated with silica and quartz veining. Textures observed within the
calcite veins display blading with banding, with similar textures also observed when silica is noted in
veins.
Other Targets
Drilling at other targets including the Abejas, El Cobre, Pastizal and Negrillas veins was also conducted
as part of this program. Holes EX18MAZ-242, EX18MAZ-250 and EX18MAZ-252 drill tested a quartz-
calcite vein at Abejas. All holes intersected the target structure with anomalous precious metals values
intersected in EX18MAZ-242. At El Cobre, EX18MAZ-241 encountered no significant mineralization.
Anomalous mineralization was encountered in EX18MAZ-243 and EX18MAZ-244 which targeted the
Pastizal vein. EX18MAZ-243 intersected 65 g/t AgEq (50 g/t Ag, 0.01% Pb, 0.04% Zn and 0.27 g/t Au) over
0.7 meters and EX18MAZ-244 intersected 197 g/t AgEq (131 g/t Ag, 0.1% Zn and 0.8 g/t Au) over 0.7
metres.
- 3 -
Three holes were completed at the Negrillas target following up on mineralization intersected in
historical drilling. EX18MAZ-247 intersected 43 g/t AgEq (23 g/t Ag, 0.3 %Pb, 0.2% Zn) over 4.2 metres
and EX18MAZ-248 returned 506 g/t AgEq (477 g/t Ag, 0.3% Pb, 0.3% Zn, 0.3 g/t Au) over 1.14 metres.
EX18MAZ-249 encountered no significant mineralization.
Mineralization in the Evolución region is hosted in epithermal quartz veins typical of the Fresnillo silver
belt, most proximally at Hecla Mining Company’s San Sebastián Mine, 42 kilometres to the northwest
and along strike from Evolución. Mining was historically undertaken on the Calvario Vein and via multiple
shafts along the structures being tested as part of this program.
The Evolución property covers 45,000 hectares (450 km2) and 35 kilometres of strike in one of the
world’s premier silver districts. The property includes a mineral processing facility, which the Company
utilizes to process ore from its Platosa Mine in the state of Durango, Mexico. The mineral processing
facility currently has capacity of 800 tonnes per day (“tpd”), with a 650 tpd ball mill in operation and a
second, 150 tpd ball mill on standby, with opportunities available for further expansion. Ample capacity
remains available to process increased Platosa Mine production and potential new discoveries at either
Platosa or Evolución, along with ore from San Sebastián expected to enter bulk sample testing pursuant
to a toll milling arrangement later this year.
Qualified Person
Mr. Ben Pullinger, P. Geo., Senior Vice President Geology, has acted as the Qualified Person, as defined
in NI 43-101, with respect to the disclosure of the scientific and technical information relating to
exploration results contained in this press release.
About Excellon
Excellon’s 100%-owned Platosa Mine has been Mexico’s highest-grade silver mine since production
commenced in 2005. The Company is focused on optimizing Platosa’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 current market conditions by acquiring 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, Senior VP Geology
(416) 364-1130
www.excellonresources.com
- 4 -
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 si milar
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. Al l 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 w ay as, an offer to
buy or sell securities in the United States.
Figure 1: Exploration Results
- 5 -
Figure 2: Evolución Targets