Excellon Reports Third Quarter 2016 Production and Exploration Results

http://www.excellonresources.com/index.php/investors/news/2016/185-excellon-reports-third-quarter-2016-production-and-exploration-results

Toronto, Ontario – October 27, 2016 – Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) (“Excellon” or the “Company”), Mexico’s highest grade silver producer, is pleased report third quarter operational and production results and results from ongoing exploration at the Platosa Mine in Durango, Mexico.

Q3 2016 Highlights

  • Preparation made for 150%+ increase in drawdown rate during Q4, with all material development now completed and the first primary booster array and wells coming online, as the Company’s ongoing optimization program heads toward completion
  • High grade diamond drill results from ongoing surface and underground exploration include:
    • 662 g/t Ag, 4.9% Pb, 25.5% Zn and 0.57 g/t Au or 1,886 g/t Ag equivalent (“AgEq*”) over 13.00 metres in EX16UG274, an extension of the high-grade Manto 623;
    • 773 g/t Ag, 11.8% Pb and 6.3% Zn or 1,438 g/t AgEq over 2.77 metres in
      PH16-13, a the connector zone between the Guadalupe South and 623 mantos
  • AgEq production of 255,760 ounces (Q3 2015 – 419,583 AgEq oz)
    • Silver production of 153,783 ounces (Q3 2015 – 241,872 ounces)
    • Lead production of 891,424 lb (Q3 2015 – 1.3 million lb)
    • Zinc production of 1.2 million lb (Q3 2015 – 2.1 million lb)
  • Continued mining of high-grade mineralization outside of the resource block model near the Rodilla Manto

* AgEq in drill results assumes $17.50 Ag, $1,265 Au, $0.90 Pb and $1.01 Zn with 100% metallurgical recovery, while AgEq in production results reflects average metal prices during the period applied to the recovered metal content of concentrates.

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