Beschefer Drill Campaign A winter 2013 drill program is being planned for the Company's 100%-owned Beschefer property, which is located approximately 60 km northeast of the Casa Berardi Mine, 80 km east-southeast of the Detour Gold Project and 12 km east of the past-producing Selbaie Mine.
The property hosts the "B-14 Zone", which was discovered by Billiton Canada Inc. in 1995, but marginally explored prior to the Company's involvement. In early 2012, the Company completed 8,867 m of drilling in 33 holes focussed on the B-14 Zone. Significant intersections included 13.07 g/t Au over 8.75 m including 58.5 g/t Au over 1.50 m in hole BE12-014, and 10.35 g/t Au over 1.50 m and 3.56 g/t Au over 6.06 m in hole BE12-030. The B-14 Zone is found within a typical Archean volcanic assemblage, with gold hosted in pyritic quartz veining within a mylonitic unit. As the Beschefer property has little or no bedrock exposure and is muskeg-covered, drilling is most effectively performed during freezing conditions.
Update on La Platosa Production
Excellon is also pleased to announce that milling recommenced at the Company's mill in
. In the past few days, the Company trucked 1,800 tonnes of ore from its high-grade silver/lead/zinc La Platosa Mine in
. An updated production forecast for the remainder of 2012 will be released in due course.
The Company's DeSantis Project and Beschefer Property exploration programs are supervised by
, B.Sc., PGeo., Excellon's Vice-President of Exploration and Stephen Conquer, B.Sc., PGeo., Excellon's Exploration Manager,
Mr. Sullivan is an economic geologist with over 35 years of experience in the mineral industry. Prior to joining Excellon in 2007 he was a senior geologist at a
-based international geological and mining engineering consulting firm where he evaluated properties and prepared NI 43-101 reports on gold and base metal projects in
and internationally. In addition he has held senior positions with two large Canadian mining companies where he directed major exploration programs, managed field offices, and evaluated projects in
. Mr. Sullivan is not independent of Excellon as he is an officer of the Company.
Mr. Conquer is an economic geologist with over 30 years of experience in the mineral industry. Prior to joining Excellon he was Senior Project Geologist and Chief
for a company with gold exploration and mining operations in
where he directed surface and underground exploration programs and the geological component of underground mining operations. Previously Mr. Conquer also held Chief
positions at operations near
and senior exploration positions in the Abitibi and Red Lake Greenstone Belts.
Excellon's high-grade silver production drives transformative exploration potential. The Company's 100%-owned La Platosa Mine in Durango is Mexico's highest grade silver mine, with lead and zinc by-products making it one of the lowest cash cost silver mines in the country. With 41,000 hectares of exploration ground surrounding the mine, Excellon is focused on discovering the large-tonnage Source of the high-grade silver mantos currently in production. Such a discovery has the potential to transform La Platosa into the next major project in Mexico's prolific CRD/silver belt.
On behalf of