Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) announced it has entered into an agreement to acquire all shares of Minera CRC S.A.C., the owner of the Mallay Silver Mine and Tres Cerros Exploration Property in Peru for $2.5 million.
Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) has every reason to be excited about Idaho. Recent drilling at the Kilgore project in the state has confirmed mineralization in a previously under-drilled area, suggesting a potential extension of mineralization southwest of the known deposit.
Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) said it has closed the final tranches of its previously announced non-brokered private placement offering for aggregate gross proceeds of approximately $615,000. It sold an additional 3,414,555 units at $0.18 each under the final tranches.