Excellon RE: EXN announces Drill Campaign at DeSantis Project, Timmins
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Excellon announces Drill Campaign at DeSantis Project, Timmins
October 31, 2012
Toronto Stock Exchange - EXN
TORONTO, Oct. 31, 2012 /CNW/ -
Excellon Resources Inc.
(TSX: EXN) ("Excellon" or "the Company") is pleased to announce
that it has commenced a 5,000 metres ("m") diamond drilling
program on its DeSantis Project in Timmins, Ontario.
Highlights from previous drilling on the project include:
7.90 g/t gold over 5.2 m in hole DS10-02;
3.40 g/t gold over 9.9 m, including 13.70 g/t Au over 0.7 m in hole DS10-06;
3.63 g/t gold over 23.17 m, including 14.25 g/t gold over 1.17 m in hole DS10-10A;
1.74 g/t gold over 12.0 m, including 10.39 g/t Au over 1.5 m in hole DS12-004.
"We are very pleased with our technical progress at DeSantis since
the completion of the last drilling campaign in April.
The exploration team in Timmins has done a thorough job of
compiling historical data and come up with several new target
areas,"stated John Sullivan, Vice-President of Exploration.
"This regional approach has enabled the Company to see the project
in a new light and we look forward to the results of this
The DeSantis Project, which includes the past producing
DeSantis Gold Mine,
covers approximately five km of strike length within the highly
prospective geology of the Destor-Porcupine Deformation Zone
("DPDZ"), the main structure controlling gold deposits in the
Timmins gold camp.
The DeSantis Mine produced 35,800 ounces of gold from 178,650
tonnes of ore which graded 6.2 g/t Au during its intermittent
The property is located approximately 11 km west of
Goldcorp Inc.'s Dome Mine and 14 km east of
Lake Shore Gold Corp.'s Timmins Mine.
Exploration on the DeSantis Project since 2010 includes
5,888 m in 15 holes in 2010 and 27 holes (seven abandoned due to
technical issues) totalling 11,039 m in 2011/2012.
In mid-October the Company completed a comprehensive program of
geotechnical compilation, relogging and sampling of recent and
historic drill core and reviewing the project in a regional
Based on the results of this work the Company commenced the
current 5,000 m diamond drilling program in late October.
Drilling will follow up on promising recent results and will test
undrilled areas east of and below the known Albitite Zone.
In addition, geophysical and geological targets will be tested in
a series of holes on areas of the project that have not been
Map 1 shows the location of the property in the Timmins Camp,
while Map 2 is a longitudinal section showing the location of
recent and planned drilling near the No. 2 shaft on both the
Hydrothermal Alteration and Albitite zones.
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
The B-14 Zone is found within a typical Archean volcanic
assemblage, with gold hosted in pyritic quartz veining within a
As the Beschefer property has little or no bedrock exposure and is
muskeg-covered, drilling is most effectively performed during
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 29th.
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.
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.
Excellon's high-grade silver production drives transformative
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
EXCELLON RESOURCES INC.
Peter A. Crossgrove
Read more at http://www.excellonresources.com/Projects/DeSantis.aspx