Excellon Resumes Drilling at La Platosa - Seite 2

A spectrum of CRD mineralized bodies exists, ranging from distal flat-lying to sub-horizontal manto massive sulphide bodies such as those being mined at Platosa through medial sub-vertical chimneys to proximal disseminated to patchy-sulphide skarns such as those discovered in 2012 at Rincon Del Caido ("Rincon") near the Platosa mantos. Such skarn bodies are generally associated with unmineralized or porphyry-type intrusive bodies. Transitions of deposit morphology and mineralogy, and alteration zoning can be used as tools to trace mantos into chimneys, sulphides into skarn, or skarn into intrusive contact deposits.

The Company's drilling plan calls for a minimum of 25,000 metres with a second rig to be added in early Q4. The focus will be on the following high priority targets/target areas, but will be modified as results dictate:

• The majority of currently planned drilling will target the discovery of additional limestone-hosted high-grade massive sulphide manto mineralization. Significant potential remains for new manto discoveries as the deposit area is open in several directions away from the mine and there are also smaller areas closer to the known mantos that could host additional massive sulphides readily accessible from existing underground infrastructure.
  
• The program will also target intrusive-related, large-tonnage, proximal skarn-style Source sulphide CRD mineralization. This proximal mineralization is often high tonnage and the Company believes that the mineralization discovered at Rincon, less than one kilometer northwest of the Platosa mine (see press release dated July 9, 2012), represents the margin of such a large system. In addition to carrying important values of silver, lead and zinc the Rincon mineralization hosts anomalous gold, including up to 13.07 g/t over 7.25 metres in hole EXLP12- 1038. The Rincon system may be related to the Platosa mantos or an entirely separate system, further enhancing the discovery potential of the property.
  
• Finally and as further discussed in the Company's Q2 MD&A, the Company is working with Geotech Ltd., a highly-regarded and innovative Canadian geophysical contractor and specialized service provider, on a compilation and reinterpretation of a large portion of the Company's geophysical data, particularly the gravity, airborne magnetics and ZTEM airborne survey flown by Geotech Ltd. in 2010. Employing enhanced and/or new software and far superior computing power than were available to the industry until recently, this work has already identified areas of the 21,000 ha Platosa property that merit additional work and drill testing. The Company expects to provide an update on results from the completed Geotech study in due course.

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