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Gold/Mining/Energy : Drill Results 2002

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To: Pete who started this subject6/6/2002 11:25:06 AM
From: ms.smartest.person   of 22
 
Excellon releases Platosa/Saltillera 2002 drill results

2002-06-04 12:06 PT - News Release

Mr. A. Douglas MacKenzie of Excellon Resources reports

EXCELLON AND DESTORBELLE ANNOUNCE INITIAL RESULTS FROM PHASE ...

Excellon Resources Inc. and Destorbelle Mines Ltd. have released initial results from phase 1 of the 6,000-metre 2002 drilling program on the 14,126-hectare (35,000-acre) Platosa/Saltillera properties in northeastern Durango state, Mexico. Nineteen holes, totalling 2,870 metres, were drilled using two core rigs. Fifteen holes, totalling 1,960 metres, were drilled around known mineralization in the Platosa area. Four holes, totalling 910 metres, were drilled in previously undrilled areas around the Zorra and Refugio mines on the western side of the range from Platosa in the Saltillera area. All 19 holes have been logged and sampled, but results are only complete for the Saltillera holes and the first six Platosa area holes.

Fifteen holes were drilled at Platosa seeking to extend known mineralization, close the 125-metre gap between the No. and No. 6 mantos, and seeking additional mineralization along the SW-NE trend along which the major orebodies occur. The results of the first five holes are reported here. Holes No. 40, 41, 43 and 44 were drilled in the gap between the No. 4 and No. 6 mantos and all hit mineralization. The first three cut 2.5 to 4.15 metres of high-grade massive sulphides adding over 80 metres of strike length to continuous massive sulphide mineralization. Hole No. 44 cut dispersed mineralization in the same stratigraphic interval as the first three. This is the same style of mineralization seen adjacent to massive sulphides elsewhere on the property, suggesting that massive sulphides lie nearby. Holes No. 42 and 45 sought offsets of the No. 4 manto to the north and southeast, respectively. Hole No. 42 hit geochemically anomalous mineralization at the host level. Hole No. 45 hit massive sulphides at 61 metres between Discovery hole No. 99-05 and the historic Platosa mine. This is the shallowest sulphide drill intercept to date and has grades comparable with those from the old mine.

Four holes were drilled around the Zorra and Refugio mines in the western Saltillera area. Significant alteration and minor mineralization associated with intrusive rocks was encountered in three of the holes. The best intercept was in hole No. ST-08 where a 1.2-metre-wide quartz-sulphide vein surrounded by over 20 metres of silicification was cut.

A summary of the significant intersections for which results have been received follows:

For results, click on link:
new.stockwatch.com
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