(06/08/2025) Excellon Resources Inc. (TSX-V: EXN; OTC Pink: EXNRF; FSE: E4X2), Toronto, company dedicated to acquiring assets in an advanced development or production stage expects, over the next three to four months, to complete rehabilitation activities at the historic Mallay silver-lead-zinc mine, located in the north of Lima department.
Through an experienced underground mining contractor, rehabilitation of levels 4150 and 4090 has begun, advancing between 70 and 80 meters per day.
In addition, an updated mineral resource estimate for Mallay, currently underway under NI 43-101 standards, will support detailed scheduling and planning for the mine’s restart. This work is expected to be completed by the end of August.
The company’s goal is for Mallay to regain its nominal capacity of 600 tpd by Q2 2026. Projected production is 2 to 2.5 Moz silver equivalent.
Excellon will also develop new mineralized zones to feed the Mallay plant over the coming years. The geology team has identified two short-term priorities: the extension of the Isquiz vein and the Shafra Zone (also known as the Pierina System).