Posted in | News | Lead | Silver | Zinc

Intersections Declared by Excellon on Optioned Globex Property in Saxony Germany

Globex Mining Enterprises INC., an exploration and royalties enterprise, is delighted to report to its shareholders that Excellon Resources Inc. has declared the drill results from its 24 drill hole program on the Silver City (Bräunsdorf) project in Saxony Germany under option from Globex.

Intersections Declared by Excellon on Optioned Globex Property in Saxony Germany.

Image Credit: Shutterstock.com/ Parilov

Excellon, in their press release dated February 9th, 2022 has reported that 23 out of 24 drill holes (8,360 m) completed so far sectioned the target structures.

Listed below are the highlights as reported by Excellon.

  • Step-out drilling sectioned considerable silver mineralization at four targets, with outcomes including:
    • 1,633 g/t silver equivalent (“AgEq”) over 0.35 m (1,470 g/t Ag, 0.2 g/t Au, 2.9% Pb and 2.1% Zn) within 257 g/t AgEq over 2.90 m (232 g/t Ag, 0.4% Pb and 0.3% Zn) in SC21GVB020 at Peter Vein
    • 1,296 g/t AgEq over 0.35 m (1,260 g/t Ag, 0.2 g/t Au, 0.6% Pb and 0.3% Zn) within 592 g/t AgEq over 1.05 m (508 g/t Ag, 0.1 g/t Au, 1.4% Pb and 1.2% Zn) in SC21GWO033 at Grauer Wolf
    • 266 g/t AgEq over 0.65 m (228 g/t Ag, 0.1 g/t Au, 0.7% Pb and 0.5 % Zn) within 169 g/t AgEq over 1.93 m (137 g/t AgEq, 0.3% Pb and 0.6% Zn) in SC21GWO030 at Grauer Wolf; and
    • 383 g/t AgEq over 0.38 me (7.0 g/t Ag and 5.0 g/t Au) in SC21REI027 at Reichenbach
  • Diamond drill holes of 24 totaling 8,360 m completed on the program so far, having 23 holes sectioning target structures, assays pending on four holes and an extra three holes to be drilled at Grauer Wolf in Q1 2022 to accomplish the 2021 program
  • Historical data review, structural and geological modeling, and soil sampling and prospecting are ongoing on the Bräunsdorf license, having extra soil lines scheduled for the Oederan, Mohorn and Frauenstein licenses to be utilized to refine drill targets for the 2022 drilling program.

The results from our 2021 drill program confirmed the continuity of the structures intersected in the initial drilling at Silver City. Drilling at Grauer Wolf and Peter Vein returned high-grade results over a strike of 170 and 300 m, respectively, with up to eight-metre-wide zones of hydrothermal alteration and stockwork.

Jorge Ortega, Vice President Exploration, Globex Mining Enterprises

Ortega added, “These are clear indicators of the potential of the system to host economic mineralization and our continuing goal is to identify broader zones of mineralization at the high grades we have encountered to date. We are also continuing to review the historical exploration and mining data and collect surface geochemical data ahead of our 2022 exploration drill program.”

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.