Excellon Drills 2,648 G/T Silver Equivalent over 9.1 Metres at Platosa
www.excellonresources.com
EXCELLON DRILLS 2,648 G/T SILVER EQUIVALENT
OVER 9.1 METRES AT PLATOSA
Toronto, Ontario – February 22, 2018 – Excellon Resources Inc. (TSX:EXN, EXN.WT, EXN.WT.A;
OTC:EXLLF) ("Excellon" or the “Company") is pleased to announce results from its ongoing underground
exploration program at the Platosa Mine in Durango, Mexico.
Highlights
• Further definition and expansion of the high-grade 623 manto, with diamond drilling results
including:
o 1,192 g/t Ag, 13.2% Pb and 18.3% Zn or 2,648 g/t silver equivalent (“AgEq”) over 9.1
metres in EX17UG371, including 1,473 g/t Ag, 14.8% Pb and 25.6% Zn or 3,355 AgEq
over 6.2 metres
o 1,397 g/t Ag, 7.4% Pb and 23.2% Zn or 2,858 g/t AgEq over 7.3 metres in EX18UG375
o 1,528 g/t Ag, 13.5% Pb and 16.9% Zn or 2,926 g/t AgEq over 3.1 metres in EX17UG369
• Mineralization discovered in area 674 near existing mine workings that may be accessed during
2018
“Drilling underground continues to define high quality mineralization around the current mantos,” stated
Ben Pullinger, Vice-President, Geology. “Identifying near-term mineable mineralization remains a priority
for the underground diamond drill rig, as we work towards defining structural controls that may lead to
further discoveries of manto and feeder-style mineralization.”
Exploration Results
The following table shows highlighted intervals from the current definition and infill program being
conducted from underground at Platosa:
Hole ID Interval(1) Interval(2) Ag Pb Zn AgEq(3) Area
From To meters g/t % % g/t
EX17UG347 76.5 81.5 5.1 858 8.8 9.7 1,705 674
EX17UG348 20.3 27.8 7.6 299 3.7 4.0 646 623-Rodilla
EX17UG358 63.0 67.6 4.6 739 4.1 1.1 962 623
EX17UG359 71.0 73.0 2.0 521 3.3 0.2 670 623
EX17UG361 94.8 96.6 1.9 161 3.4 0.3 317 623
EX17UG365 55.6 58.9 3.3 208 2.9 4.0 526 623
EX17UG366 45.6 47.2 1.5 221 2.1 0.2 322 623
EX17UG367 65.4 68.2 2.8 536 4.9 9.0 1,188 623
EX17UG369 105.4 108.5 3.1 1,528 13.5 16.9 2,926 623
EX17UG370 123.8 126.2 2.5 639 7.3 2.7 1,076 623
EX17UG370A 123.0 124.8 1.8 1,132 7.9 2.9 1,609 623
EX17UG371 63.9 72.9 9.1 1,192 13.2 18.3 2,648 623
including 66.7 72.9 6.2 1,473 14.8 25.6 3,355
EX18UG373 49.9 51.3 1.4 3,125 27.1 3.0 4,402 623
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Hole ID Interval(1) Interval(2) Ag Pb Zn AgEq(3) Area
From To meters g/t % % g/t
EX18UG375 72.4 79.7 7.3 1,397 7.4 23.2 2,858 623
(1) From-to intervals are measured from the drill collar, with drill holes marked UG or PH drilled from underground stations.
(2) All intervals are reported as core length.
(3) AgEq in drill results assumes $17.00 Ag, $1.03 Pb and $1.23 Zn with 100% metallurgical recovery.
The results announced today complement underground drilling in the 623 and Guadalupe South
connector/expansion zone completed earlier in 2017 and late 2016 (see press releases dated October 27,
2016, July 26, 2017 and September 6, 2017), with previously announced results from the zone including:
Hole ID Interval(1) Interval(2) Au Ag Pb Zn AgEq(3)
From To meters g/t g/t % % g/t
EX16UG274 23.0 36.0 13.0 0.6 662 4.9 25.5 1,886
PH16-13 7.2 9.9 2.8 - 773 11.8 6.3 1,438
EX17UG310 7.8 11.3 3.5 - 124 5.2 5.2 616
EX17UG323 20.8 27.5 6.8 - 886 8.8 20.5 2,318
EX17UG324 73.8 75.3 1.5 - 2,965 16.4 0.9 3,702
and 78.6 79.7 1.1 - 1,171 9.3 2.9 1,713
EX17UG325 87.8 91.5 3.7 - 1,600 6.4 8.7 2,319
EX17UG326 90.9 92.7 1.8 - 316 3.2 0.9 496
and 97.7 99.0 1.3 - 287 6.3 0.6 584
EX17UG328 16.1 19.3 3.2 - 1,366 7.9 13.6 2,369
EX17UG329 22.1 25.6 3.6 - 2,291 15.0 13.3 3,570
EX17UG330 15.9 27.1 11.1 0.1 1,204 9.3 13.4 2,255
including 18.9 24.1 5.2 0.2 2,079 14.2 23.9 3,857
EX17UG332 27.4 30.0 2.6 - 864 5.0 6.9 1,415
EX17UG333 17.3 22.9 5.6 - 521 5.0 8.6 1,155
EX17UG335 25.9 33.0 7.1 - 278 2.6 11.5 957
EX17UG336 22.0 30.0 8.0 - 612 9.4 4.6 1,232
EX17UG338 19.9 25.9 6.0 0.3 644 5.8 13.0 1,528
and 29.2 33.5 4.3 0.1 233 2.5 4.7 570
(1) From-to intervals are measured from the drill collar, with drill holes marked UG or PH drilled from underground stations.
(2) All intervals are reported as core length.
(3) AgEq in EX16UG274 and PH16-13 assumes $17.50 Ag, $1,265 Au, $0.90 Pb and $1.01 Zn, EX17UG310 to 326 assumes
$16.50 Ag, $1.00 Pb and $1.25 Zn and EX17UG328 to 338 assumes $17.00 Ag, $1.03 Pb and $1.23 Zn, all with 100%
metallurgical recovery.
Drilling underground has focused on the definition of the 623 Manto and has now moved to a newly
prepared drill bay to focus on expansion drilling of the Pierna and Rodilla Mantos. Additional drilling in
these areas will test the down dip and strike length continuity of the Rodilla and Pierna mantos along a
structural feature where the two mantos are offset. The Company aims to delineate additional tonnes in
this location, similar to the drilling program around the 623 Manto. The Company is currently producing
from the 623, Pierna, Rodilla and Guadalupe South Mantos.
Drilling in 674 also identified additional mineralization above the water table in an area accessible from
existing workings. The Company is evaluating this area for near-term production.
The Company also expects to release an updated mineral resource estimate for Platosa in the coming
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months. The updated resource estimate will include drilling completed up to December 31, 2017.
Platosa drill core samples are prepared and assayed by SGS Minerals Services in Durango, Mexico. The lab
is accredited to ISO/IEC 17025. The Company has a comprehensive QA/QC program, supervised by an
independent Qualified Person.
Plan View of Results
Surface Exploration Update
Surface drilling continues with a drill rig currently testing targets in the same target horizon that hosts the
Platosa Mine within the north-south trending Platosa corridor. The Company intends to continue testing
priority targets within this corridor while continuing to define new targets at Jaboncillo, PDN, Saltillera
North and South and San Gilberto through its ongoing fieldwork program.
Qualified Person
Mr. Ben Pullinger, P. Geo, 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 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 CRD mineralization on the Platosa Project and
capitalizing on the opportunity in current market conditions to acquire undervalued projects in Latin
America.
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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
Nisha Hasan, Vice President, Investor Relations
(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 acqui sitions, 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 [particularly silver], 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 July 9, 2015 NI 43-101-compliant technical report prepared by Roscoe Postle Associates 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.