SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Herb Duncan who wrote (10400)5/3/2006 2:34:42 PM
From: loantech  Respond to of 78419
 
Herb I think you make a very good point.



To: Herb Duncan who wrote (10400)5/3/2006 3:56:18 PM
From: koan  Read Replies (1) | Respond to of 78419
 
I agree Herb. We may start seeing a premium for safe Canadian mining companies.

I got up early (opening)and sold most of the rest of my SLW A wts for $1.75. That price was way over valued in relation to the the stock price and in relation to the reg wts. The regular wts should have had a .30 premium over the A wts.

I wanted to explain that to the SLW thread recently, but I would have cut my own throat. I did early on (months ago) when I was explaining wt to the newbies there. As SLW had three varieities.

I bought an equal amount of K wts to replace the SLW A wts..

I was going to tell you to look at ECU today as it keeps gettingn better and better drill rsults and trading is confimring that. Up another .30 and just smokng when everything else is red. But then I remeembered you have more ECU than I-lol.

Cheers,

Chuck



To: Herb Duncan who wrote (10400)5/3/2006 4:03:21 PM
From: koan  Read Replies (1) | Respond to of 78419
 
Herb, look at EXN. $1.38 canadian. It is up .08 today as well on big volume today and has a similiar story to ECU. And Mexico like ECU. In 1987 the letter writers loved EXN. It is better nwo with some new great discoveries.

I like ECU, EXN and MAI as my main junior silver producers. ECU and EXN are producing and MAI will soon be. ECU and EXN also have zinc while MAI has gold.

Excellon Resources Inc (C-EXN) - News Release
Excellon cuts metre of 6,274 gpt Ag at Platosa

2006-05-02 11:39 ET - News Release
Shares issued 126,803,720
EXN Close 2006-05-01 C$ 1.37

Mr. A. Douglas MacKenzie reports

EXCELLON ANNOUNCES ADDITIONAL ASSAY RESULTS FROM NINE SULPHIDE INTERCEPTS IN GUADALUPE MANTO AND INITIAL ASSAY RESULTS FROM THE GUADALUPE SOUTH MANTO

Excellon Resources Inc. has released assay results from nine holes drilled in the northwestern portion of the recently discovered Guadalupe manto at its wholly owned Platosa project in Durango, Mexico. All nine intercepts reported here were of massive and semi-massive sulphides, ranging from one to 7.9 metres in thickness, and assay results show values ranging from 236 to 6,274 grams per tonne (eight to 201 ounces per ton) silver, 2.2 to 41.9 per cent lead and 0.9 to 20 per cent zinc. Assays from the intersections in the southeastern portion of the Guadalupe manto were previously reported in Stockwatch on March 28, 2006. The combined assay results to date outline a continuous sulphide body, at least 100 by 60 metres in plan and averaging 4.1 metres thick, which has a thickness-weighted average grade of 1,066 grams per tonne (34.3 ounces per ton) silver, 8.9 per cent lead and 10.6 per cent zinc. The mineralization is open to the north, northwest, northeast and west with three-to-4.4-metre-thick intercepts marking the limit of drilling in these directions. One of these holes (LP-148) includes the highest-grade interval encountered to date in the Guadalupe manto.

Excellon is also pleased to report that the previously disclosed 3.9-metre massive-sulphide intercept from the discovery hole for the Guadalupe south manto (hole LP-153, see Stockwatch news dated March 16, 2006) averaged 1,304 grams per tonne (42 ounces per ton) silver, 13.8 per cent lead and 8.3 per cent zinc. Assays are pending for the three other previously disclosed holes flanking this hole (LP-158, LP-160 and LP-162, see Stockwatch news dated March 28, 2006), as well as for 10 other holes drilled in this manto that cut one to four metres each of sulphides.

Excellon currently has three drill rigs working at the Platosa property. Two drills are devoted to step-out holes on the Guadalupe and Guadalupe south mantos as well as tracing the NE-1 body. The third drill has begun drilling aggressive holes (100 to 300 metres) along the projections of the long axes of this mineralization and their intersections with the structural trends that host mantos found elsewhere on the property. These projections will be followed into district-scale targets on the joint venture property held with Apex Silver Mines Ltd. and on the Saltierra property optioned from Exploraciones del Altiplano SA de CV. Several of the district-scale targets are currently being refined with a combined biogeochemical and soil-sampling program, from which results are beginning to be received.

"The Guadalupe manto is taking shape as the largest continuous sulphide body found to date at Platosa. Its thickness and grades are comparable to the high-grade mantos we are currently test mining, but appears to be larger. We are very pleased to be able to include what we know of it and parts of the Guadalupe south manto in an updated [National Instrument] 43-101 resource report, currently under way. However, delays in receiving assays coupled with the ongoing drilling success will mean that the completed resource report will not reflect the full extent of the known mineralization. Our mining experience indicates we can expect both bodies to grow with additional drilling and underground development," said Richard Brissenden, Excellon's chairman. "We are delighted that our near-mine exploration program has borne fruit so rapidly and are encouraged by the success we're having farther afield by following the exploration guides we've developed."

The Platosa exploration program is designed and supervised by Dr. Peter Megaw, Excellon's consulting geologist and exploration manager of its Mexican subsidiary. Assaying is being performed by SGS Laboratories of Don Mills in Ontario, with check assaying by ALS Chemex of Vancouver, B.C., and BSI Inspectorate of Reno, Nev. Roscoe Postle Associates Inc. of Toronto, Ont., independent geological and mining consultants, executed the engineering design and is the technical adviser of the test-mining program. RPA is also updating the National Instrument 43-101 report that is expected to be completed by late May or early June.

Qualified person, quality assurance and quality control

Dr. Megaw, PhD, CPG, has acted as the qualified person, as defined in National Instrument 43-101, for this disclosure. He supervised the preparation of the technical information on which this release is based. Dr. Megaw has a PhD in geology and more than 20 years of relevant experience focused on silver and gold mineralization, and exploration and drilling in Mexico. He is a certified professional geologist (CPG 10227) by the American Institute of Professional Geologists and an Arizona-registered geologist (ARG 21613). Dr. Megaw is not independent of Excellon as he and his company are shareholders.

We seek Safe Harbor.