Excellon Resources Inc

10:01 AM EST - Excellon Resources Inc : Announced initial diamond drilling results from the ongoing program at the Silver City Project in Saxony, Germany , with assays from an additional seven holes outstanding and a further two holes to be completed before year-end. Highlights: Intersection of significant silver mineralization at three targets in initial holes including: 1,042 g/t silver equivalent ("AgEq") over 0.45 metres (911 g/t Ag, 0.4 g/t Au, 2.8% Pb and 0.9% Zn) , within 231 g/t AgEq over 2.30 metres (183 g/t Ag, 0.4 g/t, Au 0.5% Pb and 0.2% Zn) in initial drilling on the Peter Vein; 505 g/t AgEq over 0.71 metres (356 g/t Ag, 2.0 g/t Au) , within 191 g/t AgEq (134 g/t Ag and 0.8 g/t Au) in first hole at Reichenbach (Großvoigtsberg), a new, near-surface discovery in an area with minimal historic mining. Excellon Resources Inc shares T.EXN are trading up $0.12 at $3.46.