Excellon Completes $11.5 Million Bought Deal Financing
T.EXN | 4 hours ago
TORONTO, Aug. 27, 2019
Excellon Resources Inc. (CNW Group/Excellon Resources Inc.) TORONTO, Aug. 27, 2019 /CNW/ - Excellon Resources Inc. (TSX:EXN) ("Excellon" or the "Company") is pleased to announce that it has closed its previously announced bought deal public offering of 10,925,000 units (collectively, the "Units"), including 1,425,000 Units issued upon full exercise of the over-allotment option, Mexico’s Highest Grade Silver Producer TSX:EXN | OTC:EXLLF
Investor Presentation – July 2019 - http://www.excellonresources.com/_resources/presentation/EXN-Corporate-Presentation-July-22-2019.pdf
Excellon’s 100%-owned Platosa Mine has been Mexico’s highest-grade silver mine -
La Platosa is one of the highest-grade silver mines in Mexico and is 100% owned by Excellon Resources Inc.
Initially acquired in 1996, the property now encompasses
20,947 ha in the State of Durango, north-central Mexico.
The Platosa mine is an underground operation accessed by ramp.
Most of the mining at Platosa has occurred from flat-lying massive
sulphide bodies (mantos) and has been carried out using a
modified room and pillar method.
Ore produced from the mine is crushed on site and transported 200 km
south for processing at the Miguel Auza mill located in the State of
The Company is currently implementing an optimization plan to
double production and halve costs by improving water management at
Platosa through the implementation
of a dedicated dewatering system.
The optimization program aims to maintain and deepen a localized
“cone of depression” in the water table below mine workings,
ultimately resulting in completely dry mining conditions
Under dry mining conditions, the Company expects to achieve materially
higher rates of production at materially lower costs relative to
current and historical production at Platosa.
Excellon Resources: Profitable Silver Production & Exploring Huge Upside
Interview With President & CEO Brendan Cahill https://www.commodity-tv.net/c/mid,38655,PDAC_2018/?v=298227
Date: 12th Mar 2018 http://www.excellonresources.com/
Tags: Excellon Resources Silver Production Exploration Brendan Cahill
Excellon’s 100%-owned Platosa Mine has been Mexico’s highest-grade silver
mine since production commenced in 2005. http://www.excellonresources.com/operations/la-platosa-mine/gallery/ http://www.excellonresources.com/_resources/presentation/EXN-Corporate-Presentation-July-22-2019.pdf http://www.excellonresources.com/operations/evolucion/gallery/
RE: Excellon Announces $10 Million Bought Deal Financing T.EXN
Mexico’s highest grade Silver producer - http://www.excellonresources.com/_resources/presentation/EXN-Corporate-Presentation-July-22-2019.pdf http://www.excellonresources.com/_resources/factsheet/factsheet.pdf http://www.excellonresources.com/
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
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