# Excellon Defines Targets at Tres Cerros; Grab Sampling Returns up to 14 g/t Gold and 9,050 g/t Silver Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc Original source: https://orestocks.com/company/EXN.TO/press-releases/6315490967465419 Publisher: orestocks Original announcement: 2026-08-31T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Excellon Resources Inc. - Ticker: EXN.TO - Exchange: Unavailable - Region: Peru - Primary commodity: Gold - Secondary commodities: Silver, Copper, Lead, Zinc - Document categories: Drill results, Permitting - Extracted: 2026-08-31 11:23:29 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Excellon Resources has defined seven exploration targets at its Tres Cerros property in Peru using district-scale mapping and geochemical sampling. Surface grab samples returned high-grade gold and silver, including up to 14 g/t Au and 9,050 g/t Ag at the Xica target. The company is advancing environmental permitting with an initial drill program planned for the first half of 2027. Reasoning: Strong surface geochemistry and target definition at Tres Cerros, though results are limited to non-representative grab samples. - Positive factor: High-grade surface grab samples - Positive factor: Definition of seven distinct targets - Positive factor: Advancing permitting milestones - Positive factor: Proximity to existing infrastructure - Negative factor: Results are grab samples and not representative of width - Negative factor: No independent QA/QC verification of sampling - Negative factor: Exploration stage with no drilling to date Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 10 ## Classification and evidence **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: The company explicitly states that in the absence of an independent quality control program, results have not been verified by independent check assaying. Evidence · text > in the absence of an independent quality control program, the analytical results reported in this news release have not been verified by independent check assaying. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is described as being adjacent to the operating Mallay Mine. Evidence · text > adjacent to its operating Mallay Mine in Peru. ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Drill Results (10) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-0) gold #### Identity - Commodity: gold - Ticker: EXN.TO #### Geometry - Grade: 14 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 14 g/t Au is a strong surface anomaly. - Positive factor: High grade for surface grab sample - Negative factor: Grab sample is not representative of width Evidence · text > up to 14 g/t gold and 9,050 g/t silver at Xica ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-1) silver #### Identity - Commodity: silver - Ticker: EXN.TO #### Geometry - Grade: 9050 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 9,050 g/t Ag is an exceptional surface anomaly. - Positive factor: Exceptional silver grade for surface grab sample - Negative factor: Grab sample is not representative of width Evidence · text > up to 14 g/t gold and 9,050 g/t silver at Xica ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-2) gold #### Identity - Commodity: gold - Ticker: EXN.TO #### Geometry - Grade: 4.3 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 4.30 g/t Au is a strong surface anomaly. - Positive factor: Strong gold anomaly - Negative factor: Grab sample is not representative of width Evidence · text > 4.30 g/t gold at Alpaquitay ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-3) gold #### Identity - Commodity: gold - Ticker: EXN.TO #### Geometry - Grade: 0.6 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 0.60 g/t Au is a modest surface anomaly. - Positive factor: Presence of gold and silver - Negative factor: Low grade Evidence · text > grab samples up to 0.60 g/t Au, 135 g/t Ag and 3,683 ppm Cu ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-4) silver #### Identity - Commodity: silver - Ticker: EXN.TO #### Geometry - Grade: 135 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 135 g/t Ag is a modest surface anomaly. - Positive factor: Presence of silver Evidence · text > grab samples up to 0.60 g/t Au, 135 g/t Ag and 3,683 ppm Cu ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-5) copper #### Identity - Commodity: copper - Ticker: EXN.TO #### Geometry - Grade: 3683 - Grade Unit: ppm #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 3,683 ppm Cu is a surface anomaly. - Positive factor: Copper anomaly identified Evidence · text > grab samples up to 0.60 g/t Au, 135 g/t Ag and 3,683 ppm Cu ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-6) lead #### Identity - Commodity: lead - Ticker: EXN.TO #### Geometry - Grade: 1647 - Grade Unit: ppm #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 1,647 ppm Pb is a surface anomaly. - Positive factor: Lead anomaly identified Evidence · text > grab samples up to 1,647 ppm Pb and 3,455 ppm Zn ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-7) zinc #### Identity - Commodity: zinc - Ticker: EXN.TO #### Geometry - Grade: 3455 - Grade Unit: ppm #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 3,455 ppm Zn is a surface anomaly. - Positive factor: Zinc anomaly identified Evidence · text > grab samples up to 1,647 ppm Pb and 3,455 ppm Zn ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-8) zinc #### Identity - Commodity: zinc - Ticker: EXN.TO #### Geometry - Grade: 7000 - Grade Unit: ppm #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 7,000 ppm Zn is a surface anomaly. - Positive factor: Zinc anomaly identified Evidence · text > geochemical sampling has identified significant lead-zinc \(Pb-Zn\) anomalies, up to 7,000 ppm Zn and 173 ppm Pb ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-defines-targets-at-tres-cerros-grab-sampling-returns-up-to-14-g-t-gold--b6ad3630-3f70-4036-a432-da25f1e411bc#fact-drill-facts-9) lead #### Identity - Commodity: lead - Ticker: EXN.TO #### Geometry - Grade: 173 - Grade Unit: ppm #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-31T00:00:00.000Z Reasoning: 173 ppm Pb is a surface anomaly. - Positive factor: Lead anomaly identified Evidence · text > geochemical sampling has identified significant lead-zinc \(Pb-Zn\) anomalies, up to 7,000 ppm Zn and 173 ppm Pb ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.