Golden Minerals Company announced the sale of the Company’s remaining 49% joint venture interest in the Platosa property to Excellon Resources Inc. (“Excellon”), for US $2.0 million in cash and a 1% net smelter return royalty. Previous agreements between the Company and Excellon, including a 2% net smelter return royalty previously granted, were terminated in this transaction. Definitive...
Excellon Resources Inc. announce that it has successfully sealed the area of the unexpected water inflow encountered during normal mine development on October 4th. Dewatering of the mine has now allowed full production activities to resume. On November 30, haulage of ore to surface from underground storage areas was started and routine mining activity was resumed on December 1st. Surface crushing operations...
Excellon Resources Inc. announces assay results for massive, semi-massive sulphide, and sulphide breccia intercepts from 28 recent holes in the Platosa Test-mine area. Twelve of these holes have cut significant new mineralization in the South Central Guadalupe Manto that is easily accessible from existing underground development. The best of these is Hole LP542, which cut 6.41 metres (m) of massive...