Excellon Drills 3,574 G/T Silver Equivalent over 4.9 Metres at Platosa
www.excellonresources.com
EXCELLON DRILLS 3,574 G/T SILVER EQUIVALENT
OVER 4.9 METRES AT PLATOSA
Toronto, Ontario – January 10, 2019 – Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or
the “Company") is pleased to announce results from underground exploration at the Platosa Mine in
Durango, Mexico.
Highlights
• Further definition and expansion of the high-grade 623 Manto, with diamond drilling results
including:
o 2,802 g/t Ag, 12.1% Pb, 5.4% Zn or 3,574 g/t silver equivalent (“AgEq”) over 4.9 metres
in EX18UG438, including 4,789 g/t Ag, 20.4% Pb and 9.0% Zn or 6,087 g/t AgEq over 2.8
metres; and
o 704 g/t Ag, 5.8% Pb, 10.1% Zn and 0.1 g/t Au or 1,450 g/t AgEq over 6.6 metres in
EX18UG437, including 1,669 g/t Ag, 13.2%Pb, 24.4% Zn and 0.1 g/t Au or 3,434 g/t AgEq
over 2.7 metres.
“Our underground drilling over the past two years has improved the definition and quality of tonnes within
the resource,” stated Ben Pullinger, Senior Vice President Geology. “Today’s results further that success
and represent potential additions to Platosa resources.”
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) Au Ag Pb Zn AgEq (3) Area
From To metres g/t g/t % % g/t
EX18UG437 51.1 57.8 6.6 0.1 704 5.8 10.1 1,450 623
including 52.8 55.4 2.7 0.1 1,669 13.2 24.4 3,434
EX18UG438 54.5 59.4 4.9 - 2,802 12.1 5.4 3,574 623
including 54.9 57.8 2.8 - 4,789 20.4 9.0 6,087
EX18UG443 99.5 103.2 3.7 - 775 7.3 6.4 1,395 NE-1S
EX18UG445 83.1 87.3 4.2 - 150 0.1 2.0 254 Pierna
including 84.5 84.8 0.3 - 1,410 0.4 0.6 1,459
(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.
Results from this release incorporate drilling from the Martillo and 822-2 underground drill stations which
were developed to expand and define mineralization at the Rodilla, NE-1S and 623 Mantos. Drill results in
this release were not included in the Company’s updated Mineral Resource Estimate as of March 31, 2018
and represents potential for additions to existing resources.
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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.
Isometric View of Results Looking Southwest
Surface Exploration Update
Surface drilling continues with a drill rig testing targets that host the Platosa deposit within the north-
south trending Platosa corridor, with assays pending. The Company continues to test priority targets
within this corridor while defining new targets at Jaboncillo, PDN, Saltillera North and South and San
Gilberto through ongoing fieldwork. A 3D induced polarization program was completed at Jaboncillo and
PDN in late 2018 in preparation for drilling programs on both targets in the coming months.
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.
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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 fut ure 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, the Company's inability to obtain any necessary permits, co nsents 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 filing s 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.