Toronto, Ontario – July 13, 2017 – Excellon Resources Inc. (TSX:EXN; TSX:EXN.WT; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce dry mining conditions and the completion of its mine optimization plan (the “Optimization Plan”) at the Company’s Platosa Mine in Durango, Mexico.
- All current production headings at Platosa are dry, with ramp up in production rates underway and high-grade headings accessed in the Rodilla and Guadalupe South Mantos
- Completed installation of dewatering infrastructure
- Achieved targeted pumping and drawdown rates
“Platosa is dry,” stated Brendan Cahill, President and Chief Executive Officer. “The completion of the optimization plan at Platosa marks a significant milestone in Platosa’s history and we now have a system fully implemented to eliminate the major bottleneck on production going forward. With dry operating conditions, our immediate goal is a smooth transition to materially higher rates of production and a return to an industry-leading cost profile in the coming quarters.”