TORONTO, Oct. 25, 2021 /CNW/ - Excellon Resources
Inc. (TSX: EXN) (NYSE: EXN) (FRA: E4X2) ("Excellon" or
the "Company") is pleased to announce the appointment of
Jeff Swinoga as an independent
director to the Board of Directors and Chair of the Audit Committee
and Jorge Ortega as Vice President
Exploration. The Company also reports the departure of Ben Pullinger as Senior Vice President Geology
and Corporate Development to pursue an opportunity with a West
African gold producer.
"Competition for people is one of the biggest challenges in our
industry," stated Brendan Cahill,
President and CEO. "Ben has been a key part of our management team
since joining Excellon in 2016 and has done an incredible job
advancing our portfolio, including the acquisitions of our projects
in Idaho and Saxony. We wish him
the very best in his new role. Jorge
Ortega has been leading our exploration in Mexico since 2018, after working on numerous
projects in the Americas and Europe. He lives and breathes our approach to
exploration. With Jorge now leading our exploration team as Vice
President Exploration, we won't miss a beat as we advance
exploration at Platosa, Kilgore
and Silver City."
Mr. Cahill continued, "We're also very pleased to welcome
Jeff Swinoga to the Board as an
independent Director and Chair of the Audit Committee. Jeff has had
an exceptional career in the industry and will be a key player in
our strategic development going forward."
Mr. Ortega is a Professional Geologist with 30 years of
experience in the mining industry. Prior to joining Excellon in
2018, he was Exploration Country Manager Mexico for Great Panther
Silver, leading exploration efforts in Guanajuato and Durango, delineating the
pre-production San Ignacio Mine resource. His prior experience
includes Alamos Gold, where he advanced the Mulatos (Mexico) and Kirazli (Turkey) projects, Oro
Silver, Goldcorp (Eleonore), Noranda, INMET Mining, SOQUEM
(Quebec's para-governmental
exploration company), the Geological Survey of Canada and the Consejo de Recursos Minerales
of Mexico. During his time at
Excellon, he has led exploration efforts on the Platosa Property,
leading to mineral resource growth at the Platosa Mine, the
delineation of a large Platosa-style alteration zone at
Jaboncillo and the identification
of a large, geophysical skarn target at PDN. He led delineation of
the silver-lead-zinc mineral resource estimate on the Evolución
Property completed in September 2019.
His extensive epithermal experience has also contributed to
Excellon's advancement of the Silver City Project. Mr. Ortega holds
a Masters in Earth Sciences from INRS-Laval
University and a Bachelors of Geological Engineering from
the National Autonomous University of
Mexico.
Mr. Swinoga is a highly accomplished mining executive with over
25 years of executive and management experience in the areas of
capital markets, project advancement, development and project
construction. Most recently, he was the national mining and metals
co-leader at EY Canada. Previously he was president and CEO of
First Mining Gold, chief financial officer of Torex Gold Resources
Inc. where, during his four-year tenure, he led the $400-million (U.S.) financing of Torex's
$800-million (U.S.) El Limon-Guajes
gold mine on the Morelos property
and led his team during Torex's transition from an exploration and
development company to a mid-tier gold producer. Prior to Torex,
Mr. Swinoga spent four years as the CFO of North American Palladium
Ltd., during which time NAP financed and constructed the
underground Offset Zone expansion project for the Lac des Iles
mine, in addition to acquiring and building two gold producing
mines in Quebec. Further, he spent
three years as CFO of HudBay Minerals Inc., where, from its initial
public offering in late 2004, grew to a market capitalization of
over $2-billion. Mr. Swinoga also
spent seven years at Barrick Gold Corp. as a senior officer with
responsibilities that included project financing of Barrick's
Bulyanhulu and Veladero projects. He is a chartered professional
accountant and holds a master of business administration degree
from the University of Toronto as well
as a bachelor's degree (honours) in economics from the University of Western Ontario. Mr. Swinoga was also
elected to the board of PDAC (Prospectors & Developers
Association of Canada) this year
and is a member of its audit committee.
About Excellon
Excellon's vision is to create wealth by realizing strategic
opportunities through discipline and innovation for the benefit of
our employees, communities and shareholders. The Company is
advancing a precious metals growth pipeline that includes: Platosa,
Mexico's highest-grade silver mine
since production commenced in 2005; Kilgore, a high-quality advanced-exploration
gold project in Idaho with strong
economics and significant growth and discovery potential; and an
option on Silver City, a high-grade epithermal silver district in
Saxony, Germany with 750 years of
mining history and no modern exploration. The Company also aims to
continue capitalizing on current market conditions by acquiring
undervalued projects.
Additional details on Excellon's properties are available at
www.excellonresources.com.
SOURCE Excellon Resources Inc.