Toronto Stock Exchange - EXN
TORONTO, Sept. 6, 2012 /CNW/ - Excellon Resources Inc. (TSX:EXN) ("Excellon" or "the Company") is pleased to advise that the Company continues to access its La Platosa
Mine in the state of Durango, Mexico through the alternative access
opened on August 29, 2012 (see press release dated August 30, 2012).
Today, representatives of the Company will be meeting with members of
the Ejido la Sierrita (the "Ejido") in Mexico City to work on a
resolution to the illegal blockade commenced by the Ejido at La Platosa
on July 8, 2012 with the assistance and funding of the non-governmental
organization ProDESC and the Sindicato Nacional de Trabajadores Mineros
Metalúrgicos, Siderúrgicos y Similares de la República Mexicana (the
"USW Union"), affiliated with the United Steelworkers Union. The
federal government of Mexico will mediate the meeting, with the state
government of Durango also in attendance.
The federal government has advised all parties that the meeting will
focus strictly on the three issues the Ejido claim as the primary
reasons for the illegal blockade: (i) ore trucking concessions, (ii)
cafeteria concessions and (iii) water management. The federal
government has stated that a concrete advance or resolution of these
three issues should result in the permanent removal of the Ejido's
illegal blockade of La Platosa.
Prior to the illegal blockade, Excellon provided the Ejido with the
documents and information necessary to implement the trucking and
cafeteria concessions. As the Ejido have not obtained a permit from
CONAGUA (the federal bureau responsible for Mexican water management
and permitting) for the water pumped from La Platosa, Excellon cannot
currently provide the Ejido with water to be removed from the La
Platosa property. Excellon has made alternative proposals to the Ejido
in respect of water management and hopes to advance these proposals
further today with the cooperation of the Ejido and the federal and
state authorities. The water pumped from La Platosa is of agricultural
quality and in its natural state, as confirmed on a quarterly basis by
an independent certified laboratory (samples collected by Health Safety
and Environmental Outsourcing (HSEO) of Torreon and tested by
Laboratorio del Grupo Microanálisis S.A. de C.V. of Mexico City), with
the results of such testing reviewed by CONAGUA.
Excellon will be accompanied at the meeting by representatives of the
Concerned Women of Bermejillo (the "CWB"), a group of local women from
the communities of Bermejillo and Mapimi whose families and livelihoods
have been affected by the illegal blockade. The CWB recognizes that La
Platosa is an essential part of the local economy, providing 250 jobs
and direct and indirect income to 380 families. The CWB continues to
pledge its support for Excellon and the resumption of full production
and employment at La Platosa.
Status of La Platosa Mine:
On the morning of August 29th, a combined group of state and federal authorities peacefully reopened
access to the mine site via a new alternative access approximately one
mile from the main access where the main illegal blockade is located.
Later in the day, approximately 40 blockaders from the main blockade
moved to illegally block this new access. During the late afternoon
shift change, however, the Concerned Women of Bermejillo successfully
and peacefully disrupted the new illegal blockade, allowing workers
access to the mine.
During the blockade, essential services were maintained at La Platosa,
including pumping operations. The Company aims to resume full
production when ordinary course permits are received. Excellon will
provide an updated forecast when the ramp up to full production is
Excellon has provided a backgrounder for all stakeholders at www.excellonresources.com that describes the issues to be discussed at today's meeting and the
Company's position in respect of each, along with further information
regarding the illegal blockade, the Ejido, USW Union and ProDESC.
Excellon, a mineral resource company operating in Durango and Zacatecas
States, Mexico, and Ontario and Quebec, Canada, is committed to
building value through production, expansion and discovery.
Excellon is Mexico's highest-grade silver producer; it produces silver,
lead and zinc from the high-grade manto Mineral Resource on its large,
100% owned Platosa Property, strategically located in the middle of the
Mexican CRD/silver belt. Excellon's focus is on expanding its operating
capacity and increasing its Mineral Resources at Platosa where an
exploration program focused on diamond drilling and advanced
geophysical techniques is ongoing. The Platosa Property, not fully
explored, has several geological indicators of a large mineralized
system. The Miguel Auza Mill Operation in Zacatecas also has 41,000
hectares of underexplored land. Excellon also has ongoing gold
exploration programs on the DeSantis Project, located near Timmins,
Ontario and the Beschefer Project, located in northwestern Quebec.
Both these projects host gold mineralization and significant potential
for the discovery of more. Excellon will continue to use cash from
operations to fund its ongoing exploration activities.
On behalf of
EXCELLON RESOURCES INC.
Peter A. Crossgrove
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
future results of operations, performance and achievements of the
Company, including potential property acquisitions, 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, 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 [particularly silver], 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, including the
technical reports filed with respect to the Company's mineral
properties, and particularly the November 22, 2011 NI 43-101-compliant
technical report prepared by Roscoe Postle Associates Inc. with respect
to the Platosa Property. This press release is not, and is not to be
construed in any way as, an offer to buy or sell securities in the
SOURCE: Excellon Resources Inc.
For further information:
Excellon Resources Inc.
Joanne C. Jobin, Vice President, Investor Relations
T. (416) 364-1130