Loading ...Excellon is Drilling Silver City
TORONTO , July 9, 2020 /CNW/ – Excellon Resources Inc. (EXN.TO) (TSX:EXN.WT) (EXLLF) and (E4X1.F) (“Excellon” or the “Company”) is pleased to announce that an initial 15-hole diamond drilling program has commenced on the 164 km2 Silver City Project in Saxony, Germany .
“We are targeting significant widths of high-grade silver in an epithermal silver district that was mined for over 750 years, but has never seen modern day exploration for precious metals,” stated Ben Pullinger , SVP Geology. “Our initial program utilizes a multi-disciplinary approach to demonstrate that the historically prolific Freiberg silver district remains exceptionally prospective. This milestone has been achieved through collaboration with our partners and stakeholders and we are grateful for their support.”
The Silver City Project was mined for high-grade silver from the 11th until the late 19th century, when Germany left the silver standard in 1873 and the gold:silver ratio collapsed. Records from the project indicate high-grade silver production over substantial widths throughout the district. Excellon is embarking on the first modern day exploration program focussed on precious metals.
https://finance.yahoo.com/news/excellon-drilling-silver-city-110000952.html