Excellon Resources 报告称，爱达荷州奥克利矿区的初步钻探结果令人鼓舞

Excellon Resources Inc.（多伦多证券交易所代码：EXN）报告了其位于美国爱达荷州奥克利矿区 2022-2023 年勘探计划的初步钻石钻探结果。另外六个钻孔正在等待化验结果。

Excellon Resources Reports Encouraging Initial Diamond Drilling Results from Oakley Property

Excellon Resources 报告 Oakley Property 的初步钻石钻探结果令人鼓舞

Toronto, March 20, 2023 - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FRA: E4X2) ("Excellon" or the "Company") is pleased to announce the initial results of the recently concluded 2022-2023 exploration program at its Oakley property in Idaho, United States.

多伦多，2023 年 3 月 20 日 - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FRA: E4X2)（“Excellon”或“公司”）很高兴宣布最近结束的 2022-2023 年业绩美国爱达荷州奥克利矿区的勘探计划。

Exploration Program Overview

探索计划概述

The program comprised diamond drilling aimed at expanding and defining the known mineralized zones on the property. A total of 14 drill holes were completed, with initial assays received for eight of them. The remaining six drill holes are currently undergoing analysis, and their results will be reported once available.

该计划包括金刚石钻探，旨在扩大和界定该矿区的已知矿化区域。总共完成了 14 个钻孔，其中 8 个已接受初步分析。其余六个钻孔目前正在进行分析，一旦获得结果将予以报告。

Initial Drilling Results

初步钻探结果

The initial drilling results are highly encouraging, indicating the presence of significant mineralization at Oakley. Highlights include:

初步钻探结果非常令人鼓舞，表明奥克利存在大量矿化。亮点包括：

• Hole OK-22-007: Intersected 59.1 meters of 1.21% copper equivalent ("CuEq"), including 12.2 meters of 2.96% CuEq and 25.9 grams per tonne ("g/t") gold.
• Hole OK-22-009: Intersected 52.5 meters of 0.83% CuEq, including 15.2 meters of 1.48% CuEq and 12.6 g/t gold.

Significance of Results

孔 OK-22-007：相交 59.1 米的 1.21% 铜当量 (“CuEq”)，包括 12.2 米的 2.96% CuEq 和 25.9 克每吨 (“g/t”) 黄金。 孔 OK-22-009：相交52.5 米 0.83% CuEq，其中 15.2 米 1.48% CuEq 和 12.6 g/t 金。 结果的意义

These initial findings provide compelling evidence of the potential for Oakley to host a significant copper-gold deposit. The presence of wide, high-grade intercepts demonstrates the continuity and extent of mineralization, reinforcing Excellon's belief in the property's prospectivity.

这些初步发现提供了令人信服的证据，证明奥克利拥有重要的铜金矿床的潜力。宽阔、高品位截距的存在证明了矿化的连续性和范围，增强了 Excellon 对该矿区前景的信心。

Ongoing Exploration

持续探索

Excellon is actively continuing its exploration program at Oakley. The remaining six drill holes are expected to provide further insights into the property's mineralization. In addition, the Company is implementing a comprehensive surface exploration program to refine and prioritize targets for future drilling.

Excellon 正在积极继续其在 Oakley 的勘探计划。其余六个钻孔预计将进一步了解该矿区的矿化情况。此外，该公司正在实施一项全面的地面勘探计划，以完善和优先考虑未来钻探的目标。

Conclusion

结论

Excellon is highly encouraged by the initial diamond drilling results from the Oakley property. The findings support the Company's belief in Oakley's potential to become a significant new source of copper and gold. Excellon remains committed to advancing exploration efforts at Oakley and will provide regular updates as new results become available.

Excellon 对 Oakley 矿区的初步钻石钻探结果感到非常鼓舞。这些发现支持了公司对 Oakley 有潜力成为铜和金的重要新来源的信念。 Excellon 仍然致力于推进 Oakley 的勘探工作，并将在新结果出现时定期提供更新。