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Excellon Acquires Significant Exploration Property South of Tres Cerros
Acquisition increases Tres Cerros concessions by ~52% to 3,310 hectares and extends Tres Cerros c...
About this update from Excellon Resources Inc.
[{"type":"text","content":"Excellon Acquires Significant Exploration Property South of Tres CerrosAcquisition increases Tres Cerros concessions by ~52% to 3,310 hectares and extends Tres Cerros corridor ~5 kilometres to the southToronto, Ontario--(Newsfile Corp. - January 12, 2026) - Excellon Resources Inc. (TSXV: EXN) (OTC Pink: EXNRF) (FSE: E4X2) (\"Excellon\" or the \"Company\") is pleased to announce the acquisition of two new mineral concessions, materially extending Excellon's land position south of the Tres Cerros Gold-Silver Exploration Property in Peru.Highlights:Major land position expansion: Adds 1,132 hectares of highly prospective ground immediately south of and contiguous with the Company's existing Tres Cerros claims (see Image 1).Extends Tres Cerros corridor: Coincident IP, geochemical and spectral anomalies identified at the southern margin of the original concessions, together with interpreted controlling geological features, appear to continue into the newly acquired concessions forming a 10 km N-S x 5 km E-W corridor of prospective terrain. The acquired area also hosts a large intrusive body interpreted to be related to the Tres Cerros mineralizing event.Terra Resources reinterpretation identifies drill-ready targets: Terra Resources Pty Ltd (\"Terra\") has completed a technical reinterpretation of the historical geophysical and geological datasets and generated a ranked set of priority drill targets to support Excellon's first phase of drilling. Permitting update: Excellon has initiated the drill permit process for an initial ~5,000-metre drill program.Shawn Howarth, President and CEO, commented, \"This acquisition extends our prospective trend by approximately five kilometres to the south, giving us the scale to pursue this system as an emerging district. With Terra's ranked drill targets in hand and permitting now in progress, we're focused on executing a disciplined, first-pass 5,000-metre program and letting the results drive the next phase.\"Image 1: Tres Cerros and Mallay Property ClaimsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1601/280026_5219b93d74a988b0_001full.jpgNew Concessions: Tres Cerros 32 and Tres Cerros 33Excellon's Peruvian subsidiary, Minera CRC S.A.C. (\"Minera CRC\") acquired the following concessions:Tres Cerros 32 – 632 hectaresTres Cerros 33 – ...