Feb. 23 at 11:31 PM
$EXNRF Posted on behalf of Excellon Resources Inc. – Today, Excellon announced its first independent NI 43-101 compliant Mineral Resource Estimate (MRE) for the past-producing Mallay Silver-Lead-Zinc Mine in central Peru, marking a key milestone toward a staged restart: https://excellonresources.com/news/details/index.php?content_id=415
Notably, management highlighted that Indicated resources are approximately 500% higher than Buenaventura’s combined 2018 Proven + Probable reserves and Indicated resources at Isguiz, at broadly comparable grades, reflecting updated modelling and a restart-aligned cut-off (US
$30/oz silver assumption, ~200,000 tpa throughput).