Excellon Resources Inc. announced initial drill results from the recently completed 2022 exploration program at its Kilgore Project in Idaho, USA.  The 2022 Kilgore drill program was composed of six oriented diamond drill holes totaling 2,145 metres. The first hole reported an intercept of 0.74 g/t Au over 115.60 meters (EX22KG001), including 1.07 g/t Au over 26.93 metres and 26.5 g/t Au over 0.65 metres. The Kilgore exploration program completed in 2022 also included 3D induced polarization (IP) and magnetotellurics (MT) geophysical survey, and property-wide prospecting.

The 2022 drill program at Kilgore focused on confirming the historical and reverse circulation intercepts within the Kilgore deposit, and exploring along the trend and at depth while obtaining structural readings from the oriented core throughout the deposit. Diamond drill hole EX22KG001 was a confirmation drillhole within the current mineral resource envelope identified by the previous drilling. A more detailed sampling was conducted, identifying a high level of grade variability, and control of mineralization by narrow jarosite-filled structures and narrow, high-grade vein stockwork.

In addition to diamond drilling, the Company completed a 75-line-kilometre IP and MT survey across high-priority targets along the Kilgore deposit. The survey aims to better define structural features associated with, and the extent of, mineralization and to further define drill targets.   Additionally, 71 Spatiotemporal Geochemical Hydrocarbon (SGH), 37 traditional ICP-MS, and 37 Mobile Metal Ion (MMI) samples have been collected over the deposit to map geochemical responses, with all analytical methods returning strong geochemical responses.

Analysis of SGH results by Activation Laboratories Ltd. specialists accurately identified the deposit area (including the parts of the deposit located under post-mineralization cover), suggesting that SGH may be a preferred method of soil sampling, considering that a significant portion of the property is under post-mineralization cover.