TORONTO, June 7, 2022
/CNW/ - Excellon Resources Inc. (TSX: EXN) (NYSE: EXN) (FRA:
E4X2) ("Excellon" or the "Company") reports that the Idaho
Conservation League and Greater Yellowstone Coalition (the
"ICL/GYC") have filed a legal action (the "Action") in U.S.
District Court challenging the recent United States Forest Service
("USFS") approval of a Plan of Operations submitted by Excellon's
subsidiary, Excellon Idaho Gold Inc. ("Excellon Idaho Gold"),
concerning the Kilgore Gold Exploration Project in the Dubois
Ranger District, Clark County,
Idaho. The Action follows the denial by the U.S. District
Court of a motion filed by the ICL/GYC to reopen the 2018
proceeding against the USFS.
"The filing of this Action was entirely expected and we are
confident that the work performed by the USFS on the Environmental
Assessment over the past two years will withstand the challenge in
Court," stated Brendan Cahill,
President & CEO of Excellon. "The U.S. District Court recently
rejected a motion by the ICL/GYC to reopen the 2018 proceeding and
we are confident the Court will reject ICL/GYC's claims in this
Action."
In response to the Court's previous decision in 2020, the USFS
supplemented its analysis of water quality in the Dog Bone Ridge
area and potential impacts on Yellowstone cutthroat trout. A USFS
biological evaluation determined the exploration project's
activities will have no impact on the Yellowstone cutthroat trout
and its habitat. In addition to actions taken in response to the
Court's previous decision, the USFS updated analyses of
terrestrial, aquatic, and plant species known or expected to occur
within the project area during its Environmental Assessment. The
Environmental Assessment and Decision Notice/Finding of No
Significant Impact are available on Excellon Idaho Gold's website:
https://excellonidaho.com
Excellon Idaho Gold expects to file a motion to intervene as a
defendant-intervenor to protect its interests in the matter.
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 Lawsuit filed by the ICL/GYC concerning
the Kilgore Exploration Project, mineral resources estimates, the
future results of operations, performance and achievements of the
Company, including potential strategic transactions, 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, the possibility
that the USFS' authorization of the Company's Plan of Operations
will be vacated, the possibility that the U.S. District Court will
not accept the Company's motion to intervene as a
defendant-interveor in the Lawsuit, 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. 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.