Excellon updates mineral resource estimate for the Platosa Mine

About this update from Excellon Resources Inc.

[{"type":"text","content":"\n\n\nTORONTO, March 26, 2014 /CNW/ - Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) (\"Excellon\" or\n the \"Company\"), Mexico's highest grade silver producer, is pleased to report an updated mineral resource estimate (as at\n December 31, 2013) on its 100%-owned Platosa Mine in Durango State,\n Mexico.\n\n\nResource Estimate Highlights\n\n\n\nMeasured plus indicated (\"M+I\") mineral resources total 488,000 tonnes\n (\"t\") grading 777 g/t silver, 8.42% lead, 10.15% zinc or an AgEq grade\n of 1,277 g/t \n\n\nM+I resources total 12.1 million silver ounces or 20 million AgEq ounces\n\n\nResources estimated using a conservative US$20/oz silver price, with\n less than 2% variation resulting from a US$2/oz change in silver price\n\n\n\n\"La Platosa is one of the world's highest grade silver deposits with\n currently identified measured and indicated resources containing 20\n million silver equivalent ounces, sufficient to maintain present rates\n of production for close to seven years,\" stated Brendan Cahill,\n President and Chief Executive Officer. \"The resource demonstrates\n exceptional resilience to changes in the silver price, a key attribute\n during this period of lower prices. Our exploration efforts since the\n last resource update in 2011 have focused on discovering the large\n tonnage source of the Platosa mine, but the exploration horizon for new\n high-grade, near-surface mantos is wide open to the north, east and\n southeast of our current mining operation.\"\n\n\nPlatosa Mine - Summary of December 31, 2013 Mineral Resource Estimate\n\n\nA summary of the resource estimate prepared by Roscoe Postle Associates\n Inc. (\"RPA\"), independent geological and mining consultants of Toronto,\n Ontario is set out below:\n\n\n\n\n\n\n\nCategory\n\n\nTonnes \n(t)\n\n\nAg \n(g/t)\n\n\nPb \n(%)\n\n\nZn \n(%)\n\n\nAgEq\n(g/t)\n\n\nContained \nAg (oz)\n\n\nContained \nPb (lb)\n\n\nContained \nZn (lb)\n\n\nContained \nAgEq (oz)\n\n\n\n\nMeasured\n\n\n42,000\n\n\n825\n\n\n8.62\n\n\n11.31\n\n\n1,358\n\n\n1,108,000\n\n\n7,939,000\n\n\n10,416,000\n\n\n1,824,000\n\n\n\n\nIndicated\n\n\n443,000\n\n\n772\n\n\n8.40\n\n\n10.05\n\n\n1,270\n\n\n10,985,000\n\n\n81,925,000\n\n\n98,011,000\n\n\n18,064,000\n\n\n\n\nM + I\n\n\n484,000\n\n\n777\n\n\n8.42\n\n\n10.15\n\n\n1,277\n\n\n12,094,000\n\n\n89,864,000\n\n\n108,427,000\n\n\n19,888,000\...

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