TORONTO, ON–(Marketwired – August 23, 2016) – Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) (“Excellon” or the “Company”), Mexico’s highest grade silver producer, is pleased to announce the appointment of Ben Pullinger, P.Geo as Vice-President Geology effective in mid-September 2016, taking over from John Sullivan, P.Geo., who is stepping into a consulting role.
“We are tremendously excited to have Mr. Pullinger join the team in the coming weeks,” stated Brendan Cahill, President and Chief Executive Officer. “He brings an exceptional track record of discovery and project advancement using the latest in exploration techniques and has experience in all phases of the mining industry, from grass-roots exploration through to production, including a wealth of capital markets and financing experience. He has a proven ability to identify value in mining assets from early stage exploration through to production. Along with our newly appointed Vice-President Technical Services, Denis Flood, Ben will be integral to our next phase of growth.”
Mr. Cahill continued, “Many thanks to John Sullivan for his tireless work as Vice-President Exploration since 2007. He and the exploration team have been instrumental in increasing the mineral resource at Platosa and making the important skarn-sulphide discovery at Rincon del Caido, which will see additional drilling in the coming months. John has been a trusted colleague during Excellon’s growth and turnaround in recent years.”
Mr. Pullinger brings over 12 years of experience in advancing projects from early stage exploration through to production including marketing, financing, planning and execution. Most recently, he was Vice-President Exploration at Roxgold Inc. where he made a significant contribution towards growing the 55 Zone at the Yaramoko Project in Burkina Faso from a small inferred gold resource into a producing mine, and additionally discovered the high grade QV1 and QV’ gold resources. Mr. Pullinger has extensive international experience in Asia, South America, North America and Africa. He is a Professional Geologist (Ontario) and holds an Honours Degree in Geology from the University of Johannesburg.
Excellon’s 100%-owned La Platosa Mine in Durango is Mexico’s highest grade silver mine, with lead and zinc by-products making it historically one of the lowest cash cost silver mines in the country. The Company is positioning itself to capitalize on undervalued projects by focusing on increasing La Platosa’s silver production and near-term mineable resources.
Additional information on Excellon is available at www.excellonresources.com.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced [particularly silver], the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties, and particularly the July 9, 2015 NI 43-101-compliant technical report prepared by Roscoe Postle Associates Inc. with respect to the Platosa Property. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.