Excellon Defines Multi-Stage Gold-Silver System Linking Pierina, Shafra and Mallay Deeps at Mallay Mine

Core Insights - Excellon Resources Inc. has defined a multi-stage gold-silver system at the Mallay Silver Mine, integrating the Pierina, Shafra, and Mallay Deeps zones, which enhances the understanding of the mineralizing system and supports future exploration efforts [1][3][30] Geological Findings - The Pierina vein is confirmed to extend below the 4090 level, presenting a prime target for near-term exploration [4] - Surface sampling in the Shafra zone revealed that 96% of samples contained anomalous gold, with values reaching up to 62.38 g/t Au, indicating a significant gold footprint [4][12] - Structural interpretations suggest that the Isguiz Vein and associated mineralization extend below historic drilling limits, indicating continuity at depth [4][8] Exploration Plans - The company plans to conduct underground drilling totaling 3,500 meters from the 4090 level to test the Pierina Vein at depth, alongside downhole geophysics to aid in targeting Shafra and Mallay Deeps [4][13][22] - Follow-up drilling and geophysical surveys are scheduled for Q1 2026 to evaluate depth prospectivity and refine targeting strategies [13][22] Mineralization Characteristics - Detailed studies indicate that gold in the Pierina vein is primarily found as gold telluride and electrum, suggesting a complex mineralization history [9][10] - The geological evidence points towards a multi-phase porphyry feeder zone beneath the Pierina-Shafra target areas, enhancing the potential for significant mineral resources [8][17] Company Overview - Excellon Resources Inc. aims to leverage its experienced management team to advance quality precious and base metal assets, focusing on the potential restart of the Mallay Silver Mine and other exploration-stage projects [30]