Excellon Resources Inc. (EXN)

[BottomBounce]

Silver Mining $EXN " Oakley is a low sulphidation, epithermal gold project with the potential for Carlin-style mineralization at depth, a similar setting to Liberty Gold's Black Pine Project, 70 kilometres due east," stated Ben Pullinger , SVP Geology & Corporate Development. "Over the past year, we have been advancing the project with Centerra, collaboratively developing high quality targets as they earn into their option on the project. The current drill program promises to test a number of these targets over the coming months and complements our strong 2021 exploration pipeline."

The Cold Creek claims cover approximately 14 km 2 , including a structurally complex north to south valley with bounding faults that has created at least three prospective geologic zones along the western and eastern margins. The current drill program will test targets within these zones, as follows: Eastern Margin

A historically undrilled area of receptive units with gold in soil anomalies above shallow bedrock. Targets were generated by surface geochemistry and induced polarization surveys.

Bound Block

This area is bound by large structures on the east and west and has demonstrated surface and subsurface gold mineralization. Reverse circulation ("RC") drilling from the late 1980's returned anomalous grades that have not been followed up on. More recent work delivered anomalous gold in soil and rock samples, with basin wide resistivity and chargeability anomalies. The program is designed to test geophysical anomalies and follow-up on identified gold occurrences at surface.

Western Margin

A historically underexplored area of structural complexity with hydrothermal material at surface. RC drilling from the late 1980's intersected 18.3 metres grading 0.46 g/t gold from surface. More recent work has identified gold in soil anomalies corresponding with a chargeability anomaly from IP surveying. https://www.barchart.com/story/news/1769936/excellon-commences-drilling-at-oakley-project