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Excellon Enters Milling Agreement with Hecla for San Sebastian Sulphide Ore
Excellon Enters Milling Agreement with Hecla for San Sebastian Sulphide Ore Canada...
About this update from Excellon Resources Inc.
[{"type":"text","content":"\n\n\n\nExcellon Enters Milling Agreement with Hecla for San Sebastian Sulphide Ore\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Feb. 26, 2018\n\n\n\nTORONTO, Feb. 26, 2018 /CNW/ - \n\n\n\nExcellon Resources Inc. (TSX:EXN, EXN.WT, EXN.WT.A; OTC:EXLLF) (\"Excellon\" or the \"Company\") is pleased to announce that it has entered into an agreement with Hecla Mining Company (\"Hecla\" – NYSE:HL) to toll mill sulphide ore from Hecla's San Sebastian mine in Durango at Excellon's processing facility in Miguel Auza, Zacatecas (the \"Milling Facility\"). \n\nHighlights\n\n\nToll milling arrangement expected to commence in 2019 following successful completion of 4,000 tonne bulk sample testing program (the \"Bulk Sample\") at Miguel Auza Facility in Q3 2018 \nExpected milled tonnage of 400 tonnes per day (\"tpd\") or 12,000 tonnes per month to be batched processed under formal milling arrangement\nExpected to increase the Company's operating cash flow and reduce milling cost per tonne and all-in sustaining cost (\"AISC\") per payable ounce on Platosa Mine production\nAmple capacity remains available to process increased Platosa Mine production and potential new discoveries at either Platosa or Miguel Auza\n\n\"We are very pleased to begin this partnership with Hecla to process ore from the San Sebastian Mine, 42 kilometres northwest of our Milling Facility,\" stated Brendan Cahill, President and CEO of Excellon. \"This arrangement provides opportunities for additional operating cash flow to the Company and lower milling cost per tonne and all-in sustaining cost from Platosa. Our Milling Facility's exceptional scalability has made this opportunity possible, with ample capacity remaining to process increased Platosa production and potential new discoveries at either Platosa or Miguel Auza.\"\n\n\"This arrangement is a significant step towards extending the life of the San Sebastian mine and we are looking forward to working with Excellon on this opportunity,\" stated Phillips S. Baker, Jr., President and CEO of Hecla. \"We will take a ...