Excellon Receives Permit to Drill Silver City
www.excellonresources.com
EXCELLON RECEIVES PERMIT TO DRILL SILVER CITY
Toronto, Ontario – June 16, 2020 – Excellon Resources Inc. (TSX:EXN; EXN.WT, OTC:EXLLF and
FRA:E4X1) (Excellon or the “Company”) is pleased to announce that the drilling operation plan for the
Silver City Project in Saxony, Germany has been approved by the Mining Authority of Saxony.
Highlights
• Approval received for initial drill program of 15 holes totaling 2,500 metres – drilling is
expected to commence before the end of June
• Additional 12 holes permitted for immediate follow up should drilling intersect anticipated
veining and mineralization
• Silver City Project is a 164 km2 high-grade epithermal silver district in Saxony, Germany that
was mined for over 750 years but has seen no modern day exploration for precious metals
“We have a special opportunity at Silver City to put the first drill holes into an historic high-grade silver
district,” stated Ben Pullinger, SVP Geology. “Production records from the property indicate multi-kilo
per tonne silver grades over substantial widths throughout the district. Equally compelling are our local
partnerships with both the Freiberg University of Mining and Technology and the Helmholtz Institute
Freiberg.”
In addition to complying with the technical and permitting requirements, Excellon has finalized
contracts with the landowners and land users for drill sites and access roads.
Drilling is planned to commence in the second half of June 2020. An internationally experienced and
accomplished drilling company was awarded the drilling contract following a competitive bidding
process. Preparations are underway for an early start of field operations complying with the highest
technical, environmental and occupational health standards, including all necessary preventive
measures in respect of COVID-19 from the Saxon government . Depending on the results of this early
stage exploration, further drilling will be planned and plans will be submitted for approval.
Excellon has an option to acquire a 10 0% interest in the Silver City Project from Globex Mining
Enterprises Inc. (TSX:GMX, OTCQX:GLBXF and FRA:G1MN).
Silver City Project
The Silver City Project encompasses a 36 km SW -NE strike by 1 to 5 km wide epithermal vein system
situated west of the town of Freiberg (30 km southwest of Dresden) in the state of Saxony . The
immediate exploration license and surrounding area have a long and rich history of silver mining with
numerous historic mining camps, small mines and prospects, many of which have on ly been explored
and/or mined to shallow depths seldom exceeding 200 metres below surface. Historically reported
veins ranged from 0.5 to 10 metres width, with grades of over 3,500 g/t Ag and no assaying for gold or
zinc. Petrographic and fluid inclusion s tudies recently conducted by the Mineral Systems Analysis
Group at the Freiberg University of Mining and Technology indicate a productive depth for precious
metals from 50 to 450 metres below surface . Additional information on the Silver City Project is
available at: http://www.excellonresources.com/operations/silver-city/snapshot/.
www.excellonresources.com
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.
Further Information
For further information please contact:
Brendan Cahill, President & CEO or
Ben Pullinger, Senior Vice President Geology
(416) 364-1130
www.excellonresources.com
About Excellon
Excellon’s vision is to create wealth by realizing strategic opportunities through discipline and
innovation for the benefit of our employees, communities and shareholders. The Com pany is
advancing a precious metals growth pipeline that includes: Platosa, Mexico’s highest-grade silver mine
since production commenced in 2005; Kilgore, a high quality gold development in Idaho with strong
economics and significant growth and discovery potential; and an option on Silver City, a high -grade
epithermal silver district in Saxony, Germany with 750 years of mining history and no modern
exploration. The Company also aims to continue capitalizing on current market conditions by acquiring
undervalued projects.
Additional details on Excellon’s properties are available at 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 meani ng of Section
27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regard ing 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 interpret ations,
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 fo rward-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 a nd 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 prop erties successfully or
profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business st rategies. All of the
Company's public disclosure filings may be accessed via www.sedar.com and readers are u rged 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.