Excellon targets deeper gold-silver potential at Peru’s Mallay mine
Excellon Resources (TSX-V: EXN) says new geological interpretations confirm a multi-stage gold-silver system at its Mallay mine in central Peru.
The Canadian miner reported that updated modelling links the Pierina, Shafra and Mallay Deeps zones, strengthening the case for a restart at the past-producing silver-lead-zinc operation. Mallay, located about 220 km north of Lima, previously ran from 2012 to 2018 under Compañía de Minas Buenaventura, yielding 6 million oz. silver, 45 million lb. zinc and 35 million lb. lead.
Excellon’s review of historic drilling and mine records shows the gold-silver Pierina vein continues below the 4090 level, creating what the company describes as a priority target for near-term exploration. The coming work will focus on testing that continuity beneath existing workings to define additional mineral potential.
The company, which acquired Mallay in June, aims to restart operations by rehabilitating underground development, completing technical studies and advancing near-mine drilling. Existing site infrastructure includes a 600-tonnes-per-day flotation plant, underground access, tailings facilities and grid power.
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