TORONTO, ONTARIO--(Marketwired - July 18, 2016) - Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) ("Excellon" or the "Company") is pleased to announce the appointment of Denis Flood, P. Eng., as Vice President Technical Services. Mr. Flood will lead the Company's project assessment efforts, as well as overseeing ongoing opportunities to improve technical efficiencies throughout the Company's existing operations.
Brendan Cahill, President and Chief Executive Officer, states, "We are very pleased to have Denis join the Excellon team. He brings exceptional technical assessment and implementation abilities to the Company and a strong commitment to best practices in mine health and safety, both of which will be invaluable as we implement the ongoing optimization program at Platosa and move towards the next phase of growth at Excellon."
Mr. Flood is a professional mining engineer with over 12 years of experience providing technical, operational, project management and mine safety support. Most recently, Mr. Flood was the Principal Mining Engineer at Resolution Copper Company (a subsidiary of the Rio Tinto Group), where he developed and implemented technical studies and mine planning to improve mine design and process efficiency at the underground Resolution Copper Mine, projected to be one of the largest copper mines in North America. At Resolution, he particularly focused on dewatering efforts during the development of the No. 10 shaft. Mr. Flood also held various technical positions with Goldcorp Inc. (Musselwhite) and Xstrata plc (now Glencore plc) (Kidd Operations, Nickel Rim South and Fraser). He holds a Bachelor of Engineering (Mining) degree from Dalhousie University.
Excellon's 100%-owned Platosa Mine is located in Durango, Mexico and is a high grade silver, lead and zinc mine. The Company is positioning itself by focusing on increasing the profitability of La Platosa's silver production and near-term mineable resources.
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 July 9, 2015 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 United States.