Core Viewpoint - Excellon Resources Inc. has restarted mining activities at the Mallay silver-lead-zinc mine and identified a new mineralized zone, the Footwall Zone, which may enhance mining flexibility and productivity [1][3]. Operational Update - Mining has resumed along the Maricruz, Dayana, and Isguiz veins at the rehabilitated 4090 and 4150 levels using conventional cut-and-fill methods [4]. - The company is methodically sequencing mining activities and stockpiling to support future production and metallurgical validation [4][6]. - Approximately 350 meters of underground advance has been completed to improve access and services for future mining and drilling [8]. Footwall Zone Exploration - The Footwall Zone, characterized by a 3-8 meter thick mineralized unit, has been identified adjacent to the Isguiz vein, with historical drill results indicating significant silver, lead, and zinc mineralization [4][16]. - Initial metallurgical testwork supports the blending of Footwall Zone material with Isguiz and other past-producing zones for processing [4][19]. - A 10,000-meter infill and extension drilling program is underway to further explore both the Isguiz and Footwall Zone mineralization [4][12]. Dewatering and Mine Development - Dewatering of the 400 ramp has progressed 28 meters towards a planned 60 meters, facilitating access to deeper mineralized zones [9]. - Rehabilitation efforts are focused on upper levels to restore access to additional mineralized areas for inclusion in the mine plan [23][24]. Mineral Resource Estimate - The updated Mineral Resource Estimate is being finalized, transitioning from a historical model to an NI 43-101 compliant estimate through comprehensive geological modeling and validation [10][11]. - The company is in the final stages of database validation and QA/QC review before publishing the resource estimate [11]. Next Steps - The company aims to prioritize mine development to access new areas and increase surface stockpiles before the formal restart of the mill [25][33]. - A dedicated drill rig will be mobilized to define the Footwall Zone further, with plans for 17 holes to improve grade control and mineable volumes [21].

Core Insights - Silver North Resources Ltd. has reported significant lead and silver assay results from the Veronica Property, part of the GDR Project in southern Yukon Territory, indicating potential for high-grade mineralization [1][2] Group 1: Exploration Results - The Lodge Showing yielded lead assay results of 76.8% and 9.6% from two silver-bearing samples, with silver concentrations of 2,860 g/t and 213 g/t respectively [1][2] - At the Cooper Showing, a silver-bearing sample returned 1.36% lead and 33.17 g/t silver [1] - The Betty Target, a 1 km by 1 km geochemical anomaly, remains open to the east and south, with lead concentrations ranging from 50 ppm to 8,850 ppm and silver from 1 ppm to 31.1 ppm [2] Group 2: Geological Context - Lead mineralization in the form of galena is a key component of Carbonate Replacement Deposit (CRD) style mineralization in the Silvertip District [2] - The exploration is targeting high-grade silver-lead-zinc mineralization similar to that found at the nearby Silvertip Mine, located approximately 12 km southwest of the Veronica claims [3] Group 3: Sample Analysis and Methodology - All samples were analyzed using four-acid digestion with ICP-MS finish, and gold analysis was conducted via fire assay [6] - Approximately 453 soil samples were collected and analyzed for various elements, including gold and silver, using standard ICP spectroscopy [7]