TORONTO, Dec. 17, 2012 /PRNewswire/ - Excellon Resources Inc. (TSX:EXN) ("Excellon" or "the Company"),Mexico's highest grade silver producer,is pleased to report November 2012 production from its La Platosa Mine in the state of Durango, Mexico.
OECD Vindicates Excellon
Excellon is also pleased to announce that the National Contact Point in Mexico (the "Mexican NCP") of the Organization for Economic Coordination and Development (the "OECD") recently published its decision in respect of certain claims made against Excellon by the non-governmental organization ProDESC on behalf of the Ejido La Sierrita, the Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana (an affiliate of the United Steelworkers) and other related groups.
Excellon's high-grade silver production drives transformative exploration potential. The Company's 100%-owned La Platosa Mine in Durango is Mexico's highest grade silver mine, with lead and zinc by-products making it one of the lowest cash cost silver mines in the country. With 41,000 hectares of exploration ground surrounding the mine, Excellon is focused on discovering the large-tonnage Source of the high-grade silver mantos currently in production. Such a discovery has the potential to transform La Platosa into the next major project in Mexico's prolific CRD/silver belt.
SOURCE Excellon Resources Inc.