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Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Takes Part in Reviving Saxony’s Rich Mining History
October 19, 2021

Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Takes Part in Reviving Saxony’s Rich Mining History

  • Saxony’s Freiberg has a rich & storied mining history, dating back to 1168 AD, as depicted by a recent video from the Society of Economic Geologists (“SEG”) Student Chapter from the Freiberg University of Mining & Technology 
  • The region quickly became synonymous with mineral breakthroughs, including the discovery of novel chemical elements such as Germanium and Indium
  • Excellon Resources has sought to revive the region’s rich mining traditions, acquiring interests in 34,150 hectares within the historically significant Silver City mineral field in Saxony, Germany

Silver mining has long been synonymous with Germany’s Saxony region. The first silver ore in the region was discovered as far back as 1168 AD, deep within the Erzebirge or ‘Ore’ Mountain range. Within four centuries, mining had transformed Saxony into one of Europe’s wealthiest kingdoms with the region attracting a range of craft specialists from across the European continent (https://ibn.fm/syjry). Today, set amidst nearly 2,000 kilometers of mine tunnels zigzagging though the porous stone beneath the town of Freiberg, Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) is actively working to reignite the region’s proud and storied mining history. 

The Society of Economic Geologists (“SEG”) Student Chapter from the Freiberg University of Mining & Technology recently released an overview of Freiberg’s proud mineral history – https://ibn.fm/7TlX4. Not solely constrained to silver ore production, Freiberg has also played host to a number of other momentous events – including the discovery of chemical elements Indium and Germanium by chemists Ferdinand Reich and Clemens Winkler, with both metals now playing a crucial part within the technology hardware supply chain. Alongside new research seeking to identify hydrothermal oil deposits as well as fresh studies into earth and material sciences, today the mining industry is quietly marking a comeback to the region’s Erzebirge mountains. 

In mid-2020, Excellon announced that it had entered into a research and development alliance with the Helmholtz Institute Freiberg (“HIF”). The company’s team seeks to apply modern exploration technology on the historically significant Silver City mineral field in Saxony, Germany. Excellon holds an option to acquire a 100% interest in the 16,500-hectare Bräunsdorf license on the Silver City Project from Globex Mining Enterprises, an area which has historically produced upwards of 180 million ounces (since the mid 16th century) of silver prior to the closure of the area’s legacy mining assets (https://ibn.fm/unysr). The company carried out initial drilling in 2020, with results confirming the presence of a high-grade, district-scale epithermal silver system over more than 12 kilometers of strike. The company subsequently shifted their focus towards defining wider zones of high grade mineralization (https://ibn.fm/oRWrn). 

Earlier this year, Excellon announced that following approval from the Saxon Mining Authority, the company has added three exploration licenses to the Silver City Project – namely, Frauenstein, Mohorn and Oderan, doubling the size of the project to 34,150 hectares (https://ibn.fm/5A0bx). 

“Over the past year, Saxony has become an important jurisdiction for Excellon,” stated Ben Pullinger, SVP Geology & Corporate Development for Excellon, in a news release disseminated earlier this year (https://ibn.fm/m0AAj). “We permitted the first drilling program for precious metals in modern times on the Bräunsdorf license, smoothly initiated the program, struck a major epithermal silver system over 12 kilometers, confirmed high-grade silver species and discovered high-grade silver veins. Based on our ongoing review of historical archives, we have added new licenses that cover additional areas of historical high-grade silver production with no modern exploration.”

For more information, visit the company’s website at 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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