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Excellon plagued by blockade at La Platosa

Stockhouse Editorial
0 Comments| July 27, 2012


 Excellon Resources Inc. (TSX:T.EXN, Stock Forum)said peaceful demonstrators will be protesting the Ejido de La Sierrita’s blockade of the La Platosa mine in Mexico on Friday.

La Platosa has a resource estimate of 579,000 tonnes at a grading of 909 grams per tonne silver. The mine is located in the CRD/silver belt in Durango state.

According to the press release, the company has been notified that a group from the local town of Bermejillo, consisting of concerned citizens and La Platosa mine workers, will be peacefully demonstrating against the illegal action at the mine site today.  

The group demands that The Ejido and all other parties involved with the illegal action end the blockade immediately so that all workers can resume their jobs at La Platosa, the company said. 

Executives from Excellon along with members of all parties concerned with the blockade have been in constant contact and negotiations during the past two weeks. 

While the blockade is in place, the mine continues to have access to essential services and maintenance.

Excellon is a mineral resource company operating in Mexico and Canada, it is committed to building value through production, expansion and discovery.

On Friday morning, Excellon was trading at $0.50 a share. The company has a market cap of $138.7 million, based on 277.5 million shares outstanding. The 52-week high and low was $0.85 and $0.43 respectively.


Tags: INDUSTRIAL METALS & MINERALS MINE RESOURCE MINERAL

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