# Excellon Drilling Confirms Grade and Width Below the 4090 Level at Mallay Silver Mine Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e Original source: https://orestocks.com/company/EXN.TO/press-releases/7189685888581999 Publisher: orestocks Original announcement: 2026-09-21T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-21T12:16:40.364Z Atlas analysis updated: 2026-09-21T12:16:40.364Z - Company: Excellon Resources Inc. - Ticker: EXN.TO - Exchange: Unavailable - Region: central Peru - Primary commodity: Silver - Secondary commodities: Lead, Zinc, Gold - Document categories: Drill results - Extracted: 2026-09-21 12:16:41 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Excellon Resources announced drill results from its Mallay Silver-Lead-Zinc Mine in central Peru, confirming high-grade silver-lead-zinc continuity below the 4090 Level and identifying new wide mineralized zones outside the current resource. The program included the highest silver-equivalent intercept to date, supporting deeper mine development and potential resource expansion. The company plans to incorporate these results into an updated mine plan and schedule by year-end. Reasoning: The drill results confirm high-grade silver-lead-zinc continuity at depth and identify new wide mineralized zones outside the current resource, which is highly positive for future mine planning and resource expansion at the Mallay mine. The highest AgEq intercept to date was reported, and QA/QC is well-disclosed. - Positive factor: High-grade silver-equivalent intercepts, including the highest to date, confirm strong grade and width continuity. - Positive factor: Drilling extends mineralization below the current operating level, supporting deeper mine development and planning. - Positive factor: Identification of wide mineralized zones \(calc-silicate system\) outside the current resource estimate presents significant growth potential. - Positive factor: QA/QC procedures are disclosed, including QP sign-off, certified lab, and insertion of blanks, standards, and duplicates. - Negative factor: True widths are approximated at 80% of core length, not explicitly stated for each intercept. - Negative factor: No specific cut-off grade for compositing is disclosed for the reported intervals. Facts used in scoring: 107 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 107. Some facts used in scoring do not have a stored record. ## Drill Results (107) ### MLL26-001 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-0) Mallay · gold #### Identity - Hole ID: MLL26-001 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.03 - Grade Unit: g/t - Intercept: 1.8 m - From: 178.6 m - To: 180.4 m - Hole Depth: 217 m - Intercept Depth: 178.6 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-001:178.6-180.4 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4096 m - Azimuth: 102 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 154 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.03 Context: 1.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-001 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-1) Mallay · silver #### Identity - Hole ID: MLL26-001 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 39 - Grade Unit: g/t - Intercept: 1.8 m - From: 178.6 m - To: 180.4 m - Hole Depth: 217 m - Intercept Depth: 178.6 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-001:178.6-180.4 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4096 m - Azimuth: 102 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 154 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the weak grade band for epithermal deposits, contributing to overall mineralization but not a highlight. Evidence · table > 39 Context: 1.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-001 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-2) Mallay · lead #### Identity - Hole ID: MLL26-001 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.52 - Grade Unit: % - Intercept: 1.8 m - From: 178.6 m - To: 180.4 m - Hole Depth: 217 m - Intercept Depth: 178.6 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-001:178.6-180.4 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4096 m - Azimuth: 102 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 154 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 1.52 Context: 1.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-001 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-3) Mallay · zinc #### Identity - Hole ID: MLL26-001 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.59 - Grade Unit: % - Intercept: 1.8 m - From: 178.6 m - To: 180.4 m - Hole Depth: 217 m - Intercept Depth: 178.6 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-001:178.6-180.4 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4096 m - Azimuth: 102 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 154 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.59 Context: 1.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-002 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-4) Mallay · gold #### Identity - Hole ID: MLL26-002 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.12 - Grade Unit: g/t - Intercept: 6.8 m - From: 209.1 m - To: 215.9 m - Hole Depth: 250 m - Intercept Depth: 209.1 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-002:209.1-215.9 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 108 ° - Dip: -30 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 195 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.12 Context: 6.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-002 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-5) Mallay · silver #### Identity - Hole ID: MLL26-002 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 97 - Grade Unit: g/t - Intercept: 6.8 m - From: 209.1 m - To: 215.9 m - Hole Depth: 250 m - Intercept Depth: 209.1 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-002:209.1-215.9 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 108 ° - Dip: -30 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 195 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 97 Context: 6.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-002 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-6) Mallay · lead #### Identity - Hole ID: MLL26-002 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.21 - Grade Unit: % - Intercept: 6.8 m - From: 209.1 m - To: 215.9 m - Hole Depth: 250 m - Intercept Depth: 209.1 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-002:209.1-215.9 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 108 ° - Dip: -30 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 195 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 1.21 Context: 6.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-002 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-7) Mallay · zinc #### Identity - Hole ID: MLL26-002 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.29 - Grade Unit: % - Intercept: 6.8 m - From: 209.1 m - To: 215.9 m - Hole Depth: 250 m - Intercept Depth: 209.1 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-002:209.1-215.9 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 108 ° - Dip: -30 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 195 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.29 Context: 6.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-002 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-8) Mallay · gold #### Identity - Hole ID: MLL26-002 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.27 - Grade Unit: g/t - Intercept: 1.6 m - From: 213.8 m - To: 215.4 m - Hole Depth: 250 m - Intercept Depth: 209.1 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-002:213.8-215.4 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 108 ° - Dip: -30 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 396 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.27 Context: 1.6 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-002 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-9) Mallay · silver #### Identity - Hole ID: MLL26-002 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 243 - Grade Unit: g/t - Intercept: 1.6 m - From: 213.8 m - To: 215.4 m - Hole Depth: 250 m - Intercept Depth: 209.1 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-002:213.8-215.4 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 108 ° - Dip: -30 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 396 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This sub-interval shows strong silver grades, enhancing the overall prospectivity of the main intercept. - Positive factor: Silver grade is in the strong band for epithermal deposits. Evidence · table > 243 Context: 1.6 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-002 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-10) Mallay · lead #### Identity - Hole ID: MLL26-002 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.7 - Grade Unit: % - Intercept: 1.6 m - From: 213.8 m - To: 215.4 m - Hole Depth: 250 m - Intercept Depth: 209.1 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-002:213.8-215.4 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 108 ° - Dip: -30 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 396 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.7 Context: 1.6 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-002 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-11) Mallay · zinc #### Identity - Hole ID: MLL26-002 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.97 - Grade Unit: % - Intercept: 1.6 m - From: 213.8 m - To: 215.4 m - Hole Depth: 250 m - Intercept Depth: 209.1 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-002:213.8-215.4 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 108 ° - Dip: -30 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 396 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.97 Context: 1.6 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-12) Mallay · gold #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.06 - Grade Unit: g/t - Intercept: 10.5 m - From: 204 m - To: 214.5 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:204-214.5 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 107 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.06 Context: 10.5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-13) Mallay · silver #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 40 - Grade Unit: g/t - Intercept: 10.5 m - From: 204 m - To: 214.5 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:204-214.5 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 107 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the weak grade band for epithermal deposits, contributing to overall mineralization but not a highlight. Evidence · table > 40 Context: 10.5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-14) Mallay · lead #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.67 - Grade Unit: % - Intercept: 10.5 m - From: 204 m - To: 214.5 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:204-214.5 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 107 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.67 Context: 10.5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-15) Mallay · zinc #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.68 - Grade Unit: % - Intercept: 10.5 m - From: 204 m - To: 214.5 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:204-214.5 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 107 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 1.68 Context: 10.5 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-16) Mallay · gold #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.31 - Grade Unit: g/t - Intercept: 3.1 m - From: 214.5 m - To: 217.6 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:214.5-217.6 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 311 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.31 Context: 3.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-17) Mallay · silver #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 113 - Grade Unit: g/t - Intercept: 3.1 m - From: 214.5 m - To: 217.6 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:214.5-217.6 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 311 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 113 Context: 3.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-18) Mallay · lead #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.94 - Grade Unit: % - Intercept: 3.1 m - From: 214.5 m - To: 217.6 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:214.5-217.6 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 311 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.94 Context: 3.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-19) Mallay · zinc #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 4.25 - Grade Unit: % - Intercept: 3.1 m - From: 214.5 m - To: 217.6 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:214.5-217.6 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 311 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 4.25 Context: 3.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-20) Mallay · gold #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.69 - Grade Unit: g/t - Intercept: 3.9 m - From: 226.1 m - To: 230 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:226.1-230 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 185 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.69 Context: 3.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-21) Mallay · silver #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 96 - Grade Unit: g/t - Intercept: 3.9 m - From: 226.1 m - To: 230 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:226.1-230 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 185 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 96 Context: 3.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-22) Mallay · lead #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.02 - Grade Unit: % - Intercept: 3.9 m - From: 226.1 m - To: 230 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:226.1-230 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 185 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 1.02 Context: 3.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-23) Mallay · zinc #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.12 - Grade Unit: % - Intercept: 3.9 m - From: 226.1 m - To: 230 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:226.1-230 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 185 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.12 Context: 3.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-24) Mallay · gold #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.58 - Grade Unit: g/t - Intercept: 0.9 m - From: 228.1 m - To: 229 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:228.1-229 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 372 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 2.58 Context: 0.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-25) Mallay · silver #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 232 - Grade Unit: g/t - Intercept: 0.9 m - From: 228.1 m - To: 229 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:228.1-229 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 372 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This sub-interval shows strong silver grades, enhancing the overall prospectivity of the main intercept. - Positive factor: Silver grade is in the strong band for epithermal deposits. Evidence · table > 232 Context: 0.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-26) Mallay · lead #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.59 - Grade Unit: % - Intercept: 0.9 m - From: 228.1 m - To: 229 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:228.1-229 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 372 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 1.59 Context: 0.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-003 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-27) Mallay · zinc #### Identity - Hole ID: MLL26-003 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 3.36 - Grade Unit: % - Intercept: 0.9 m - From: 228.1 m - To: 229 m - Hole Depth: 260 m - Intercept Depth: 204 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-003:228.1-229 - Mining Method: underground #### Location - Easting: 296422 - Northing: 8817528 - Elevation: 4094 m - Azimuth: 105 ° - Dip: -33 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 372 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 3.36 Context: 0.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-28) Mallay · gold #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.46 - Grade Unit: g/t - Intercept: 12.55 m - From: 201.2 m - To: 213.8 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:201.2-213.8 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 178 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.46 Context: 12.55 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-29) Mallay · silver #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 96 - Grade Unit: g/t - Intercept: 12.55 m - From: 201.2 m - To: 213.8 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:201.2-213.8 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 178 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 96 Context: 12.55 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-30) Mallay · lead #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.65 - Grade Unit: % - Intercept: 12.55 m - From: 201.2 m - To: 213.8 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:201.2-213.8 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 178 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.65 Context: 12.55 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-31) Mallay · zinc #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.18 - Grade Unit: % - Intercept: 12.55 m - From: 201.2 m - To: 213.8 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:201.2-213.8 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 178 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.18 Context: 12.55 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-32) Mallay · gold #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.26 - Grade Unit: g/t - Intercept: 6.1 m - From: 201.2 m - To: 207.3 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:201.2-207.3 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 187 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.26 Context: 6.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-33) Mallay · silver #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 78 - Grade Unit: g/t - Intercept: 6.1 m - From: 201.2 m - To: 207.3 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:201.2-207.3 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 187 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 78 Context: 6.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-34) Mallay · lead #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.43 - Grade Unit: % - Intercept: 6.1 m - From: 201.2 m - To: 207.3 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:201.2-207.3 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 187 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.43 Context: 6.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-35) Mallay · zinc #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 3.2 - Grade Unit: % - Intercept: 6.1 m - From: 201.2 m - To: 207.3 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:201.2-207.3 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 187 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 3.2 Context: 6.1 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-36) Mallay · gold #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.97 - Grade Unit: g/t - Intercept: 4 m - From: 207.3 m - To: 211.3 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:207.3-211.3 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 236 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.97 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-37) Mallay · silver #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 166 - Grade Unit: g/t - Intercept: 4 m - From: 207.3 m - To: 211.3 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:207.3-211.3 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 236 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 166 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-38) Mallay · lead #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 4 m - From: 207.3 m - To: 211.3 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:207.3-211.3 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 236 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 1.2 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-004 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-39) Mallay · zinc #### Identity - Hole ID: MLL26-004 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.37 - Grade Unit: % - Intercept: 4 m - From: 207.3 m - To: 211.3 m - Hole Depth: 261 m - Intercept Depth: 201.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-004:207.3-211.3 - Mining Method: underground #### Location - Easting: 296421 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 92 ° - Dip: -40 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 236 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 1.37 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-40) Mallay · gold #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.11 - Grade Unit: g/t - Intercept: 3.85 m - From: 178 m - To: 181.9 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:178-181.9 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 60 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.11 Context: 3.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-41) Mallay · silver #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 49 - Grade Unit: g/t - Intercept: 3.85 m - From: 178 m - To: 181.9 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:178-181.9 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 60 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the weak grade band for epithermal deposits, contributing to overall mineralization but not a highlight. Evidence · table > 49 Context: 3.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-42) Mallay · lead #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.15 - Grade Unit: % - Intercept: 3.85 m - From: 178 m - To: 181.9 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:178-181.9 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 60 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.15 Context: 3.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-43) Mallay · zinc #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.23 - Grade Unit: % - Intercept: 3.85 m - From: 178 m - To: 181.9 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:178-181.9 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 60 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.23 Context: 3.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-44) Mallay · gold #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.08 - Grade Unit: g/t - Intercept: 7.7 m - From: 181.9 m - To: 189.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:181.9-189.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 129 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.08 Context: 7.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-45) Mallay · silver #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 50 - Grade Unit: g/t - Intercept: 7.7 m - From: 181.9 m - To: 189.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:181.9-189.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 129 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the weak grade band for epithermal deposits, contributing to overall mineralization but not a highlight. Evidence · table > 50 Context: 7.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-46) Mallay · lead #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.78 - Grade Unit: % - Intercept: 7.7 m - From: 181.9 m - To: 189.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:181.9-189.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 129 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.78 Context: 7.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-47) Mallay · zinc #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.99 - Grade Unit: % - Intercept: 7.7 m - From: 181.9 m - To: 189.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:181.9-189.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 129 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 1.99 Context: 7.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-48) Mallay · gold #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.11 - Grade Unit: g/t - Intercept: 0.75 m - From: 188.8 m - To: 189.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:188.8-189.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 428 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.11 Context: 0.75 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-49) Mallay · silver #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 184 - Grade Unit: g/t - Intercept: 0.75 m - From: 188.8 m - To: 189.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:188.8-189.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 428 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 184 Context: 0.75 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-50) Mallay · lead #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.87 - Grade Unit: % - Intercept: 0.75 m - From: 188.8 m - To: 189.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:188.8-189.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 428 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.87 Context: 0.75 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-51) Mallay · zinc #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 5.78 - Grade Unit: % - Intercept: 0.75 m - From: 188.8 m - To: 189.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:188.8-189.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 428 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the moderate grade band, contributing positively to the overall mineralization. Evidence · table > 5.78 Context: 0.75 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-52) Mallay · gold #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.25 - Grade Unit: g/t - Intercept: 6.65 m - From: 189.6 m - To: 196.2 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:189.6-196.2 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 237 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.25 Context: 6.65 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-53) Mallay · silver #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 97 - Grade Unit: g/t - Intercept: 6.65 m - From: 189.6 m - To: 196.2 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:189.6-196.2 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 237 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 97 Context: 6.65 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-54) Mallay · lead #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.1 - Grade Unit: % - Intercept: 6.65 m - From: 189.6 m - To: 196.2 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:189.6-196.2 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 237 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.1 Context: 6.65 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-55) Mallay · zinc #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.97 - Grade Unit: % - Intercept: 6.65 m - From: 189.6 m - To: 196.2 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:189.6-196.2 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 237 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.97 Context: 6.65 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-56) Mallay · gold #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.39 - Grade Unit: g/t - Intercept: 4 m - From: 191.6 m - To: 195.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:191.6-195.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 309 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.39 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-57) Mallay · silver #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 139 - Grade Unit: g/t - Intercept: 4 m - From: 191.6 m - To: 195.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:191.6-195.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 309 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 139 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-58) Mallay · lead #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.74 - Grade Unit: % - Intercept: 4 m - From: 191.6 m - To: 195.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:191.6-195.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 309 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.74 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-005 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-59) Mallay · zinc #### Identity - Hole ID: MLL26-005 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 3.47 - Grade Unit: % - Intercept: 4 m - From: 191.6 m - To: 195.6 m - Hole Depth: 241 m - Intercept Depth: 178 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-005:191.6-195.6 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 87 ° - Dip: -31 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 309 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 3.47 Context: 4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-60) Mallay · gold #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.11 - Grade Unit: g/t - Intercept: 1.3 m - From: 32.2 m - To: 33.5 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:32.2-33.5 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 270 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.11 Context: 1.3 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-61) Mallay · silver #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 169 - Grade Unit: g/t - Intercept: 1.3 m - From: 32.2 m - To: 33.5 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:32.2-33.5 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 270 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 169 Context: 1.3 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-62) Mallay · lead #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 3.03 - Grade Unit: % - Intercept: 1.3 m - From: 32.2 m - To: 33.5 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:32.2-33.5 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 270 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the moderate grade band, contributing positively to the overall mineralization. Evidence · table > 3.03 Context: 1.3 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-63) Mallay · zinc #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.04 - Grade Unit: % - Intercept: 1.3 m - From: 32.2 m - To: 33.5 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:32.2-33.5 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 270 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 1.04 Context: 1.3 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-64) Mallay · gold #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.16 - Grade Unit: g/t - Intercept: 0.85 m - From: 38.4 m - To: 39.3 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:38.4-39.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 600 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.16 Context: 0.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-65) Mallay · silver #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 436 - Grade Unit: g/t - Intercept: 0.85 m - From: 38.4 m - To: 39.3 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:38.4-39.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 600 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This sub-interval shows strong silver grades, enhancing the overall prospectivity of the main intercept. - Positive factor: Silver grade is in the strong band for epithermal deposits. Evidence · table > 436 Context: 0.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-66) Mallay · lead #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 6.98 - Grade Unit: % - Intercept: 0.85 m - From: 38.4 m - To: 39.3 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:38.4-39.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 600 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This sub-interval shows strong lead grades, enhancing the overall prospectivity of the main intercept. - Positive factor: Lead grade is in the strong band for epithermal deposits. Evidence · table > 6.98 Context: 0.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-67) Mallay · zinc #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.13 - Grade Unit: % - Intercept: 0.85 m - From: 38.4 m - To: 39.3 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:38.4-39.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 600 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.13 Context: 0.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-68) Mallay · gold #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.04 - Grade Unit: g/t - Intercept: 1.9 m - From: 180.8 m - To: 182.7 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:180.8-182.7 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 104 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.04 Context: 1.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-69) Mallay · silver #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 20 - Grade Unit: g/t - Intercept: 1.9 m - From: 180.8 m - To: 182.7 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:180.8-182.7 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 104 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Silver grade is below the weak band for epithermal deposits, indicating it is a minor contributor in this intercept. Evidence · table > 20 Context: 1.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-70) Mallay · lead #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.14 - Grade Unit: % - Intercept: 1.9 m - From: 180.8 m - To: 182.7 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:180.8-182.7 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 104 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.14 Context: 1.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-71) Mallay · zinc #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.61 - Grade Unit: % - Intercept: 1.9 m - From: 180.8 m - To: 182.7 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:180.8-182.7 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 104 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.61 Context: 1.9 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-72) Mallay · gold #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.18 - Grade Unit: g/t - Intercept: 11.4 m - From: 182.7 m - To: 194.1 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:182.7-194.1 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 267 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.18 Context: 11.4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-73) Mallay · silver #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 69 - Grade Unit: g/t - Intercept: 11.4 m - From: 182.7 m - To: 194.1 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:182.7-194.1 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 267 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 69 Context: 11.4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-74) Mallay · lead #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.32 - Grade Unit: % - Intercept: 11.4 m - From: 182.7 m - To: 194.1 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:182.7-194.1 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 267 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 1.32 Context: 11.4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-006 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-75) Mallay · zinc #### Identity - Hole ID: MLL26-006 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 5.43 - Grade Unit: % - Intercept: 11.4 m - From: 182.7 m - To: 194.1 m - Hole Depth: 223 m - Intercept Depth: 32.2 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-006:182.7-194.1 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4094 m - Azimuth: 75 ° - Dip: -20 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 267 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the moderate grade band, contributing positively to the overall mineralization. Evidence · table > 5.43 Context: 11.4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-76) Mallay · gold #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.12 - Grade Unit: g/t - Intercept: 2.05 m - From: 180.3 m - To: 182.3 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:180.3-182.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 112 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.12 Context: 2.05 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-77) Mallay · silver #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 74 - Grade Unit: g/t - Intercept: 2.05 m - From: 180.3 m - To: 182.3 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:180.3-182.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 112 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 74 Context: 2.05 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-78) Mallay · lead #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.46 - Grade Unit: % - Intercept: 2.05 m - From: 180.3 m - To: 182.3 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:180.3-182.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 112 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.46 Context: 2.05 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-79) Mallay · zinc #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.89 - Grade Unit: % - Intercept: 2.05 m - From: 180.3 m - To: 182.3 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:180.3-182.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 112 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.89 Context: 2.05 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-80) Mallay · gold #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.41 - Grade Unit: g/t - Intercept: 3.85 m - From: 188.5 m - To: 192.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:188.5-192.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 186 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.41 Context: 3.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-81) Mallay · silver #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 84 - Grade Unit: g/t - Intercept: 3.85 m - From: 188.5 m - To: 192.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:188.5-192.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 186 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 84 Context: 3.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-82) Mallay · lead #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.64 - Grade Unit: % - Intercept: 3.85 m - From: 188.5 m - To: 192.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:188.5-192.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 186 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.64 Context: 3.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-83) Mallay · zinc #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.83 - Grade Unit: % - Intercept: 3.85 m - From: 188.5 m - To: 192.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:188.5-192.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 186 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.83 Context: 3.85 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-84) Mallay · gold #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.15 - Grade Unit: g/t - Intercept: 12 m - From: 192.4 m - To: 204.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:192.4-204.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 157 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.15 Context: 12 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-85) Mallay · silver #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 54 - Grade Unit: g/t - Intercept: 12 m - From: 192.4 m - To: 204.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:192.4-204.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 157 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 54 Context: 12 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-86) Mallay · lead #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.83 - Grade Unit: % - Intercept: 12 m - From: 192.4 m - To: 204.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:192.4-204.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 157 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.83 Context: 12 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-87) Mallay · zinc #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.71 - Grade Unit: % - Intercept: 12 m - From: 192.4 m - To: 204.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:192.4-204.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 157 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.71 Context: 12 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-88) Mallay · gold #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.14 - Grade Unit: g/t - Intercept: 2.65 m - From: 201.7 m - To: 204.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:201.7-204.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 275 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.14 Context: 2.65 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-89) Mallay · silver #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 83 - Grade Unit: g/t - Intercept: 2.65 m - From: 201.7 m - To: 204.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:201.7-204.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 275 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 83 Context: 2.65 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-90) Mallay · lead #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 2.35 - Grade Unit: % - Intercept: 2.65 m - From: 201.7 m - To: 204.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:201.7-204.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 275 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 2.35 Context: 2.65 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-007 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-91) Mallay · zinc #### Identity - Hole ID: MLL26-007 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 4.48 - Grade Unit: % - Intercept: 2.65 m - From: 201.7 m - To: 204.4 m - Hole Depth: 238 m - Intercept Depth: 180.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-007:201.7-204.4 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817531 - Elevation: 4095 m - Azimuth: 57 ° - Dip: -11 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 275 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept is in the weak grade band, contributing to the polymetallic nature of the mineralization. Evidence · table > 4.48 Context: 2.65 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-92) Mallay · gold #### Identity - Hole ID: MLL26-008 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.31 - Grade Unit: g/t - Intercept: 2.4 m - From: 163.3 m - To: 165.7 m - Hole Depth: 240 m - Intercept Depth: 163.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-008:163.3-165.7 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4095 m - Azimuth: 80 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 140 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.31 Context: 2.4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-93) Mallay · silver #### Identity - Hole ID: MLL26-008 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 74 - Grade Unit: g/t - Intercept: 2.4 m - From: 163.3 m - To: 165.7 m - Hole Depth: 240 m - Intercept Depth: 163.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-008:163.3-165.7 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4095 m - Azimuth: 80 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 140 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 74 Context: 2.4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-94) Mallay · lead #### Identity - Hole ID: MLL26-008 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.75 - Grade Unit: % - Intercept: 2.4 m - From: 163.3 m - To: 165.7 m - Hole Depth: 240 m - Intercept Depth: 163.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-008:163.3-165.7 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4095 m - Azimuth: 80 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 140 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.75 Context: 2.4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-95) Mallay · zinc #### Identity - Hole ID: MLL26-008 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.6 - Grade Unit: % - Intercept: 2.4 m - From: 163.3 m - To: 165.7 m - Hole Depth: 240 m - Intercept Depth: 163.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-008:163.3-165.7 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4095 m - Azimuth: 80 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 140 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 1.6 Context: 2.4 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-96) Mallay · gold #### Identity - Hole ID: MLL26-008 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.03 - Grade Unit: g/t - Intercept: 1.6 m - From: 192.7 m - To: 194.3 m - Hole Depth: 240 m - Intercept Depth: 163.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-008:192.7-194.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4095 m - Azimuth: 80 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 91 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.03 Context: 1.6 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-97) Mallay · silver #### Identity - Hole ID: MLL26-008 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 39 - Grade Unit: g/t - Intercept: 1.6 m - From: 192.7 m - To: 194.3 m - Hole Depth: 240 m - Intercept Depth: 163.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-008:192.7-194.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4095 m - Azimuth: 80 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 91 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the weak grade band for epithermal deposits, contributing to overall mineralization but not a highlight. Evidence · table > 39 Context: 1.6 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-98) Mallay · lead #### Identity - Hole ID: MLL26-008 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.51 - Grade Unit: % - Intercept: 1.6 m - From: 192.7 m - To: 194.3 m - Hole Depth: 240 m - Intercept Depth: 163.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-008:192.7-194.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4095 m - Azimuth: 80 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 91 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.51 Context: 1.6 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-008 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-99) Mallay · zinc #### Identity - Hole ID: MLL26-008 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 1.32 - Grade Unit: % - Intercept: 1.6 m - From: 192.7 m - To: 194.3 m - Hole Depth: 240 m - Intercept Depth: 163.3 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-008:192.7-194.3 - Mining Method: underground #### Location - Easting: 296420 - Northing: 8817530 - Elevation: 4095 m - Azimuth: 80 ° - Dip: -14 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 91 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 1.32 Context: 1.6 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-009 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-100) Mallay · gold #### Identity - Hole ID: MLL26-009 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.25 - Grade Unit: g/t - Intercept: 4.8 m - From: 189.4 m - To: 194.2 m - Hole Depth: 400 m - Intercept Depth: 189.4 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-009:189.4-194.2 - Mining Method: underground #### Location - Easting: 296321 - Northing: 8817644 - Elevation: 4099 m - Azimuth: 52 ° - Dip: -32 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 70 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.25 Context: 4.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-009 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-101) Mallay · silver #### Identity - Hole ID: MLL26-009 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 43 - Grade Unit: g/t - Intercept: 4.8 m - From: 189.4 m - To: 194.2 m - Hole Depth: 400 m - Intercept Depth: 189.4 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-009:189.4-194.2 - Mining Method: underground #### Location - Easting: 296321 - Northing: 8817644 - Elevation: 4099 m - Azimuth: 52 ° - Dip: -32 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 70 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the weak grade band for epithermal deposits, contributing to overall mineralization but not a highlight. Evidence · table > 43 Context: 4.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-009 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-102) Mallay · lead #### Identity - Hole ID: MLL26-009 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.42 - Grade Unit: % - Intercept: 4.8 m - From: 189.4 m - To: 194.2 m - Hole Depth: 400 m - Intercept Depth: 189.4 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-009:189.4-194.2 - Mining Method: underground #### Location - Easting: 296321 - Northing: 8817644 - Elevation: 4099 m - Azimuth: 52 ° - Dip: -32 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 70 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.42 Context: 4.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-009 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-103) Mallay · zinc #### Identity - Hole ID: MLL26-009 - Project: Mallay - Commodity: zinc - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.57 - Grade Unit: % - Intercept: 4.8 m - From: 189.4 m - To: 194.2 m - Hole Depth: 400 m - Intercept Depth: 189.4 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-009:189.4-194.2 - Mining Method: underground #### Location - Easting: 296321 - Northing: 8817644 - Elevation: 4099 m - Azimuth: 52 ° - Dip: -32 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 70 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This zinc intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Zinc grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.57 Context: 4.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-009 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-104) Mallay · gold #### Identity - Hole ID: MLL26-009 - Project: Mallay - Commodity: gold - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.57 - Grade Unit: g/t - Intercept: 1.7 m - From: 192.5 m - To: 194.2 m - Hole Depth: 400 m - Intercept Depth: 189.4 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-009:192.5-194.2 - Mining Method: underground #### Location - Easting: 296321 - Northing: 8817644 - Elevation: 4099 m - Azimuth: 52 ° - Dip: -32 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 132 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This intercept shows low gold grade, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Gold grade is very low, indicating it is a trace element in this polymetallic system. Evidence · table > 0.57 Context: 1.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-009 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-105) Mallay · silver #### Identity - Hole ID: MLL26-009 - Project: Mallay - Commodity: silver - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 75 - Grade Unit: g/t - Intercept: 1.7 m - From: 192.5 m - To: 194.2 m - Hole Depth: 400 m - Intercept Depth: 189.4 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-009:192.5-194.2 - Mining Method: underground #### Location - Easting: 296321 - Northing: 8817644 - Elevation: 4099 m - Azimuth: 52 ° - Dip: -32 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 132 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This silver intercept is in the moderate grade band for epithermal deposits, contributing positively to the overall mineralization. Evidence · table > 75 Context: 1.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### MLL26-009 [Link to this fact](https://atlas-staging.minestarters.com/news/excellon-drilling-confirms-grade-and-width-below-the-4090-level-at-mallay-silver--98e440d4-f77e-4b87-b9ae-5c883e52ab9e#fact-drill-facts-106) Mallay · lead #### Identity - Hole ID: MLL26-009 - Project: Mallay - Commodity: lead - Region: peru - Reported Region: peru - Ticker: EXN.TO #### Geometry - Grade: 0.87 - Grade Unit: % - Intercept: 1.7 m - From: 192.5 m - To: 194.2 m - Hole Depth: 400 m - Intercept Depth: 189.4 m #### Classification - Deposit Type: epithermal - Program: mixed - Sample Type: drill - Group ID: MLL26-009:192.5-194.2 - Mining Method: underground #### Location - Easting: 296321 - Northing: 8817644 - Elevation: 4099 m - Azimuth: 52 ° - Dip: -32 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: ALS Global - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 132 - Metal Eq. Unit: g/t AgEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: This lead intercept shows low grades, which is not a primary focus for the project, but contributes to the overall polymetallic nature. - Negative factor: Lead grade is below the weak band, indicating it is a minor contributor in this intercept. Evidence · table > 0.87 Context: 1.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ## 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.