Excellon Resources (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) announced that it has received authorization from the United States Forest Service (“USFS”) to move forward with planned mineral exploration activities in the Dubois Ranger District located in Clark County, Idaho. Government regulations required an environmental assessment of EXN’s proposed plan; that assessment was conducted by the Dubois Ranger District, Caribou-Targhee National Forest, and FS Region 4. The company reported that, after thorough review, the USFS determined that Excellon’s plan of operations included appropriate safeguards. Consequently, a Decision Notice/Finding of No Significant Impact (“DN/FONSI”) was issued. The company plan outlines drilling at 130 locations on a number of potential target areas associated with its Kilgore project, with anticipated completion in the next three to five years. “We appreciate the dedication of the USFS to ensure that our plan for the Kilgore Project includes the appropriate safeguards to protect the lands, waters and wildlife on the project and surrounding region,” said Excellon Resources president and CEO Brendan Cahill in the press release. “Our team in Idaho, led by senior project manager Phil Bandy, has also demonstrated patience and flexibility in enhancing our plan based on the recommendations of the USFS. We expect to provide updates on the next stages of our exploration plans for Kilgore in the coming days.”
To view the full press release, visit https://ibn.fm/fH7ze
About Excellon Resources Inc.
Excellon Resources has a vision to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes the following: Platosa, Mexico’s highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany, with 750 years of mining history and no modern exploration. The company also aims to continue capitalizing on current market conditions by acquiring undervalued projects. For more information about the company, please visit www.ExcellonResources.com.
NOTE TO INVESTORS: The latest news and updates relating to EXN are available in the company’s newsroom at https://ibn.fm/EXN
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