UPDATE: Excellon Resources Reports Diamond Drilling Results from DeSantis; Shares Up 2%
Excellon Resources Inc. (EXN.TO) reported results from the recently-completed fall and winter diamond drilling programs on the Beschefer and DeSantis properties, both located in the prolific Abitibi Greenstone Belt of Northeastern Ontario and Northwestern Quebec.
John Sullivan, Vice-President of Exploration, said: "The Beschefer results have extended the known B14 Zone mineralization and demonstrate the project's high-grade gold potential. At DeSantis, we have discovered new gold bearing alteration and stratigraphy immediately west of the heart of the century-old Timmins Gold camp."
EXN was up more than 2% to $0.425, trading near 52-week low 33 cents.
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