This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Excellon Announces Drill Campaign At DeSantis Project, Timmins

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 Miguel Auza, Zacatecas on October 29 th.  In the past few days, the Company trucked 1,800 tonnes of ore from its high-grade silver/lead/zinc La Platosa Mine in Durango, Mexico.  An updated production forecast for the remainder of 2012 will be released in due course.

Qualified Persons The Company's DeSantis Project and Beschefer Property exploration programs are supervised by John Sullivan, B.Sc., PGeo., Excellon's Vice-President of Exploration and Stephen Conquer, B.Sc., PGeo., Excellon's Exploration Manager, Canada.

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 Toronto-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 Canada 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 Canada, Europe, Africa and Latin America.  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 Mine Geologist for a company with gold exploration and mining operations in Timmins where he directed surface and underground exploration programs and the geological component of underground mining operations.  Previously Mr. Conquer also held Chief Mine Geologist positions at operations near Sudbury and Marathon and senior exploration positions in the Abitibi and Red Lake Greenstone Belts.

About Excellon 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

2 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs