TORONTO, Jan. 8, 2019
/CNW/ -
Excellon Resources Inc. (TSX:EXN and OTC:EXLLF) ("Excellon"
or the "Company") is pleased to announce the appointment
of Marcello Locatelli as Vice
President Special Projects. Mr. Locatelli will be responsible for
further optimization at the Company's operations and project
evaluation.
"An essential part of our strategy is building a team that can
discover, develop and operate mining assets so that we can fully
realize on the next bull market in metals," stated
Brendan Cahill, President and CEO.
"Just as great mining assets have been increasingly rare in recent
years, the demographic gap in mining portends the same for the
industry's most important asset – people. Marcello's global
experience optimizing and evaluating projects will play an
important role in improving our existing operations and growing our
business for the long term."
Mr. Locatelli is a professional engineer with over 15 years of
experience successfully managing and engineering various commodity
studies and projects of all sizes. Most recently, Mr. Locatelli was
a Director of Inteloc Inc., an engineering firm providing project
management, evaluation and control services using leading
technologies. Having worked on many projects across the globe, his
experience extends from conceptual design through to commissioning,
with a specific focus on project engineering, procurement,
construction management, economic evaluations and social and
environmental permitting. Mr. Locatelli has held lead engineer and
project manager positions with Ausenco, Halyard Inc. and DRA
Americas Inc., assisting in special projects related to bulk
sampling, processing plant design and project development. He holds
a Bachelor of Engineering (Mechanical) degree from the University
of Johannesburg.
About Excellon
Excellon's 100%-owned Platosa Mine has been Mexico's highest-grade silver mine since
production commenced in 2005. The Company is focused on optimizing
Platosa's cost and production profile, discovering further
high-grade silver and carbonate replacement deposit (CRD)
mineralization on the 21,000 hectare Platosa Project and epithermal
silver mineralization on the 100%-owned 45,000 hectare Evolución
Property, and capitalizing on current market conditions by
acquiring undervalued projects in the Americas.
Additional details on the Platosa Mine and the rest of
Excellon's exploration properties are available at
www.excellonresources.com.
Forward-Looking Statements
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, 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 September 7, 2018 NI 43-101 technical report
prepared by SRK Consulting (Canada) 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.
SOURCE Excellon Resources Inc.