EXN:CC - Excellon Resources: Mexico's Highest-Grade Silver Producer
2024-03-27 17:08:02 ET
Mexico's highest-grade silver producer with a producing mine
Excellon Resources is Mexico's highest-grade silver producer with a producing mine. The Company is operating the La Platosa Mine, which is in the state of Durango. They also have a big project called Evolución, which borders Durango and Zacatecas. In addition, Excellon has multiple exploration opportunities in Mexico and Germany.
La Platosa
The 100% owned, La Platosa mine is one of the highest-grade silver mines in Mexico. Initially acquired in 1996, the property now encompasses 14,000 hectares in the State of Durango, north-central Mexico.
The Platosa mine is an underground operation accessible by ramp. Most of the mining at Platosa has occurred from flat-lying massive sulphide bodies (mantos) and has been carried out. Using a modified room and pillar method. Ore that's produced from the mine is crushed on site before being transported 200 km south for processing at the Miguel Auza mill located in the State of Zacatecas.
Evolución
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. 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.
"In 2019 we did two million silver equivalent ounces. We've made good progress over the past couple of years, improving year by year. So in 2020 we want to get beyond that two million silver equivalent.", says President and CEO, Brendan Cahill.
More on Excellon Resources
Excellon’s 100%-owned Platosa Mine has been Mexico’s highest-grade silver mine since production commenced in 2005. Excellon is focusing on optimizing Platosa’s cost and production profile, discovering further high-grade silver and carbonate replacement deposit mineralization on the Platosa Project and epithermal silver mineralization on the Evolución Property and capitalizing on current market conditions by acquiring undervalued projects. The Company also holds an option on the 164 km 2 Silver City Project in Saxony, Germany. This is a high-grade epithermal silver district with 750 years of mining history and no modern exploration.
For more information on Excellon Resources Inc. (TSX: EXN, OTC: EXLLF) please fill out the form below.