Beschefer

Details

The Company holds a 100% interest (subject to a 3% Net Smelter Returns royalty) in the property, which is located within the Abitibi Greenstone Belt approximately 60 km northeast of the Casa Berardi Mine, 80 km east-southeast of the Detour Gold Project and 12 km east of the past producing Selbaie Mine. The Company has the option to buyout 1.75% NSR of the 3% NSR royalty for $1.5 million. The Selbaie Mine produced 57.5 million tonnes grading 0.56 g/t Au, 38 g/t Ag, 0.87% Cu and 1.85% Zn.

Gold mineralization was discovered in the B-14 Zone in 1995 by Billiton Canada Inc., though the discovery saw limited exploration prior to the Company's involvement. Gold mineralization is hosted within a typical Archean volcanic 'greenstone' assemblage and is typical of other shear zone-hosted mesothermal gold deposits in that it is hosted within mylonite, highly sheared and altered rock, which also contains increased quartz veining and pyrite.

Significant historical intersections include 13.07 g/t Au over 8.75 m including 58.5 g/t Au over 1.50 m in hole BE12-014, and 10.35 g/t Au over 1.50 m and 3.56 g/t Au over 6.06 m in hole BE12- 030. All intersections are reported as core widths. Further drilling is required to determine true widths.

For the latest information on Excellon's Beschefer Property, please view our News Release section.

Mr. Ben Pullinger, P. Geo, Vice-President Geology, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information relating to this website.

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