UPDATE: Excellon Intersects Additional Source-style Mineralization At Rincon Del Caido; Shares Down 3.8% Nearing Yr Low

By MT Newswires,  October 24, 2012, 11:35:32 AM EDT

Excellon Resources Inc. (EXN.TO) today reported results for diamond drill holes EX12LP1023A, LP1024 and LP1025 drilled in the Rincon del Caido area, 1 km northwest of the Platosa Mine. All three holes encountered significant sulphide mineralization within Source-type geology.

Highlights:

146 g/t (4.3 oz/T) Ag, 2.8% Pb, 1.9% Zn, 0.216 g/t Au over 43.4 metres

including 381 g/t (11.1 oz/T) Ag, 10.6% Pb, 11.5% Zn, 0.354 g/t Au over 5.8 metres

EXN is now trading at 38 cents, nearing a yr low of 33 cents. More than 380,000 shares have changed hands.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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